Democracy For Nepal

Thursday, August 10, 2006

Business Ideas

What are some of the business ideas that the Nepali diaspora in New York City could be looking into?

I think not having voting rights in the city, not having political equality is the biggest impediment. So the need for a civil rights movement to attain political equality has to be considered a business need by the diaspora population. Do it for the promise of money. Give some time to the political work.

Micro Investment

Other than that, there are many ways the diaspora people can hope to launch businesses.

Invest In Businesses In Nepal

This can be your family business. You could buy stocks. You could collaborate to launch something.

Franchise, Fast Food

Subway, Taco Bell, McDonald's, all these offer pretty good franchise opportunities. As long as you can manage, bank loans can help in the funding part.

Retailing

Be it a paan pasal, kirana ko dokan, it all works, small or big. 7/11.

Lawyers, Doctors

There are some Nepalis who own law firms in the city, and seem to be doing well.

Real Estate

Quite a few Nepalis have ventured into this field, some with more success than others.

Network Marketing

You can launch this with a really small investment in terms of money. But you do have to put in the time and the effort to make up for the money. I think it is a good business but it is not for everybody. A lot of people give up early.

Medical Tourism

If you can arrange to fly patients to a place like Kathmandu for medical procedures and fly them back, and do it all much cheaper than in the US, that is a huge market right there. This would not apply to all kinds of patients. And you could team up with health care providers at this end, and those at the other end, and be the "middleman."

Retirement Industry

If it could be arranged, I think a lot of Americans in the middle and lower income brackets would prefer to go live abroad for their final decades. They could live rich and fancy finally. This is also a lot of "middleman" type of work.

Investment Firm

You would gather money from a bunch of micro investors at this end and invest in businesses at the other end. You could launch micro credit firms at the other end.

Outsourcing

Many things can be outsourced. Accounting sevices, software work. You name it. This is a paradigm shift you are talking about. Make the best of both worlds. Your having grown up in a poor country comes in handy.

Venture Capital Territory

Start a technology company. Or two or three.

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