10 Small Business Ideas For Students

Who doesn’t like to have fun in college? Although when you’re broken, it can be difficult to enjoy life as a student. Therefore, you need to start implementing business ideas for managing tuition fees and meeting your personal needs. The sooner you begin to work, the sooner you become an independent person, the larger your experience will grow. You don’t want to rely on the finances of your parents and below small business ideas may help you join the league of income holders.
CREATE A BUSINESS PLAN
It’s time to build a business plan once you know that your idea has the potential to succeed. Don’t you know where to start? Try this template for the business plan. Business plans should describe what separates the product from competitors. They should be short and powerful as well. And with your business, your business plan should evolve.
 1. Blogging A blog may not give you cash instantly, but in the long run it’s very lucrative. Consider providing your blog with insightful information and mixing it with entertaining content. You can start internet marketing by hosting paid ads on your blog once you get a strong follow-up. Companies are going to start searching for you to help them with content like freelancing services including cheap essays.
 2. Social Media Manager  Have you got a knack for social media manager? You can use your skills as a social media manager to handle social media accounts for companies and even individuals. Marketing influencer has become more popular and many influencers depend on marketing agencies or employees to assist them in managing their social media.

3. Tutoring Are you especially good at some topics? You should teach fellow students who still struggle with subjects such as econometrics, mathematics, and evolution. When polishing on these subjects you will make a lot of money, so it’s a win – win scenario.

 4. YouTube videos You might have come across numerous ads on YouTube videos if you spend a lot of time on the internet. You can also get a share of the revenue from the ad. Create fascinating topics particularly in the fields of games and music for your audience. You can start streaming pay-per-view videos with enough subscribers and run freebies on the blog.
 5. Event Organizing Within colleges such as matriculation, award night, and science congress, there are endless activities that happen. If you are providing your services to coordinate these activities, you would be paid for by the school administration. It may be difficult to start organizing an event at first, but you can handle it well with time and convince sponsors that you are fit for the job. Consider providing free service for the first few events and start charging when you feel that your skills have reached professional level.
6. Videographer or Photographer Video production requires that you invest in the equipment that can be quite costly up front. But that’s what makes your product so important as well. Make sure you have a reel of your work available for interested audiences to share or create a website with several collections of your work Start by taking your family and friends photo shoots. As you construct a working body, ask for referrals. Photography businesses also expand by word of mouth, so create a Facebook page where you can add new customers, which will also appear in the news feeds of their friends. 
7. Web Design Are you a smart designer on the web? You can set up a business by doing the websites of other people. You can increase your credibility by having a website or blog and you will be able to reach a wide client base. 
8. Graphic Design If you’re an IT student or art design majors, graphics must be good for you. One of the start-ups that you should consider is graphics services while still in the university. A lot of people are looking for graphic designers in all phases of life. But in advertising your services, you have to be proactive because there’s a lot of competition out there. If you’re great at what you’re doing, you could even do it. You might keep permenant clients who will provide a constant flow of income. 
9. Computers and Mobile Phones Repair Who in college does not have a mobile phone? Most students actually have computers and these devices stop working once in a while. You should be willing to provide people with your repair services and generate income with technical skills in mobile phone and computer hardware. 
10. Food Truck Dreamt to own a restaurant but not ready to take the plunge? Use a food truck to test the ideas. It’s a great way to get to know your state’s food and restaurant licensing, see what people like and don’t like, and build a ravenous follower before you ever open or invest in a brick-and-mortar location.

Gold prices go up, trades at Rs 89,500 per tola

Gold rate in Dubai
DUBAI: Gold rates in Dubai, United Arab Emirates (UAE) on January 07, 2020 were 1,907.50 UAE dirhams (AED) per 10 grams for 24K and 1,792.50 AED per 10 grams for 22K.
PAKISTAN Gold price down by Rs2500 per tola,
 traded at Rs 90,500
ISLAMABAD: The price of 24 karat gold decreased by Rs 2500 per tola and was traded at 90,500 as compared to Rs 93,000 on last trading day. Likewise, the price of 10 gram gold also decreased by Rs2,141 and was traded at Rs 77,590 against last closing of Rs79,731. The price of silver remained constant and was traded at Rs 1070 per tola and that of 10 gram silver was traded at Rs 917.35. In international market, the price of per ounce gold dipped by $32 and was traded at $1548 as compared to $1580 on last trading day.
 The gold rate in Pakistan on January 07, 2020 per tola of gold was Rs 92,100, while the price of 10 grams of gold was Rs 78,961. Gold rates may be different in each Pakistani city at different times. The latest gold prices for different cities including Karachi, Lahore, Islamabad, Rawalpindi, Peshawar, Faisalabad, and Quetta are available below.
KARACHI: Gold prices in the local market increased by Rs300 to Rs89,800 per tola, according to data released by All Sindh Saraf Jewellers Association. Similarly, 10 gram gold price was raised by Rs258 to Rs76,990. In the international market, gold rates increased by $3 to $1,560 per ounce. Local jewellers said prices in the local market traded Rs2,300 per tola less than the rates in Dubai gold market

Currency Rate in Pakistan: US Dollar, UK Pound, Saudi Riyal, UAE Dirham - 08 January 2020


Following were the closing rates of the US Dollar, Saudi Riyal, UK Pound, UAE Dirham and other foreign currencies in Pakistan on the date of January 08, 2020. CURRENCY LOW RATE HIGH RATE US DOLLAR (INTER BANK) 155.00 155.10 US DOLLAR (CASH FREE MARKET) 155.40 155.80 SAUDI RIYAL 41.25 41.55 UAE DIRHAM 42.25 42.55 EURO 172.50 174.00 UK POUND 203.00 204.80 JAPANESE YEN 1.41792 1.43792 AUSTRALIAN DOLLAR 106.00 107.50 CANADIAN DOLLAR 119.00 120.50 KUWAITI DINAR 510.20 510.30 OMANI RIYAL 401.74 401.84 IRANI RIYAL 0.0010 0.0015 INDIAN RUPEE 1.95 2.15 MALAYSIAN RINGIT 37.00 38.30 AFGHANI RUPEE 1.60 1.95 CHINESE YUAN 21.80 22.80 The above information is according to the Forex Association of Pakistan.




Crypto-currencies and criminality

The recent bust of a worldwide international paedophile ring using Bitcoin payments highlighted one of the key fears surrounding crypto-currencies -- their use by criminals. Social networking giant Facebook is keen to get in on the act by launching a digital currency called Libra. But US Treasury Secretary Steven Mnuchin has aired his ongoing opposition to the move, saying many concerns remained unresolved, including "the issue of money laundering". Despite tighter regulations and increased vigilance by the authorities, illegal activities related to virtual currencies remained "significant", Madeleine Kennedy, from the research firm Chainalysis said.
The recent bust of a worldwide international paedophile ring using Bitcoin payments highlighted one of the key fears surrounding crypto-currencies.
A Chainalysis report published in January said that in 2018, one percent of Bitcoin transactions -- the most widely used cryptocurrency -- involved illegal activities. The equivalent of $600 million was also spent using Bitcoins on the dark web, a set of hidden networks where a multitude of illicit products, including weapons and drugs, are traded. In comparison, the global turnover of drug trafficking is estimated at several hundred billion dollars. Kennedy believes the use of Bitcoins for criminal purposes was partly based on a "misunderstanding". The confidentiality reputation of the most famous cryptocurrency is unrivalled, with all transactions recorded in an unforgeable public ledger, the blockchain. But it is "more transparent than some traditional financial systems and certainly more than cash", she added.

US Dollar against Pakistani rupee increased in interbank

In open market, the buying and selling rates of Pakistani rupee against dollar stood at Rs 154.6 and Rs 155.2 respectively. The SBP further reported that in interbank the price of Euro depreciated by Rs 1.04 and traded at Rs 172.60 against the last closing of Rs 173.64. The exchange rate of Japanese Yen appreciated by Rs 0.01 to  close at Rs 1.43 whereas the decrease of Rs 2.04 was witnessed in the exchange rate of British Pound.
  ISLAMABAD: The exchange rate of US Dollar against Pakistani rupee increased by Rs 0.02 in interbank on Friday and traded at Rs 154.89 against Rs 154.87 of last trading day, State Bank of Pakistan (SBP) reported. In open market, the buying and selling rates of Pakistani rupee against dollar stood at Rs 154.6 and Rs 155.2 respectively. The SBP further reported that in interbank the price of Euro depreciated by Rs 1.04 and traded at Rs 172.60 against the last closing of Rs 173.64. The exchange rate of Japanese Yen appreciated by Rs 0.01 to  close at Rs 1.43 whereas the decrease of Rs 2.04 was witnessed in the exchange rate of British Pound which was traded at Rs 202.69 as compared to last closing of Rs 204.73. The exchange rate of UAE Dirham and Saudi Rayal increased by Rs 0.01 each and were traded at Rs 42.17 and Rs 41.29 respectively.

Pakistani rupee gains strength as US dollar weakens by Rs0.10

The US dollar was traded at Rs154.56, as compared to the last day's trading of Rs154.66. The exchange rate of US dollar weakened by Rs0.10 against Pakistani rupee, as reported by the State Bank of Pakistan (SBP) on Friday.
The US dollar was traded at Rs154.56, as compared to the last day's trading of Rs154.66. In the open market, however, the buying and selling rates of Pakistani rupee against dollar stood at Rs154.45 and Rs155.15 respectively. The SBP further reported that in interbank, the price of Euro depreciated by Rs0.53 and was traded at Rs172.02, against the last closing of Rs172.55.  The exchange rate of Japanese yen, however, remained stable at Rs1.40. A decrease of Rs0.05 was witnessed in the exchange rate of British Pound which was traded at Rs201.86 as compared to last closing of Rs201.91. Exchange rate of the UAE Dirham was decreased by 02 paisas to close at Rs42.08, while the Saudi Riyal decreased by 03 paisa to close at Rs41.19.

Expect the Pakistani economy to 'recover slightly' from 2021

 The United Nations has said it expects the Pakistani economy to recover slightly from 2021 onwards due to increased government revenues and implementation of financial reforms.In addition to forecast about the Pakistani economy, the report also detailed the economic outlooks of other countries in South Asia, like India, China, and Bangladesh, among others.
 According to UN World Economic Situation and Prospects (WESP) report, the Indian economy is expected to grow by 5.7 per cent in the current fiscal year and is expected it to rise to 6.6 per cent in the next. Also read: China economy grows in 2019 but with slowest pace in three decades Bangladesh is forecast to grow by 8.1 per cent this fiscal year and 7.8 in the next. The report adds that only China has a higher growth rate than India among the world's large economies. Highlighting Pakistan, the report claimed that Islamabad has been struggling with a balance-of-payments crisis and the burden of high public debt, which has led to fiscal tightening and an IMF loan. “High inflation and security concerns have hurt domestic demand and private investment, and the government’s ability to address the slowdown has been severely curtailed by the fiscal tightening,” stated the report.
                         ‘Global economy anaemic, incomes likely to suffer’ The UN expects growth to remain “anaemic” in most advanced economies, including the United States. Japan may do better, because of the Olympics, according to Richard Kozul-Wright. Wright, the head of globalisation and development strategies at the UN Conference on Trade and Development (UNCTAD) is the co-author of the report released earlier this week. “Quite a large number of countries will actually see stagnation or decline in per capita incomes this year, predominantly in Latin America and Sub-Saharan Africa,” he said. Also read: Federal minister Asad Umar says inflation will reduce in 2020 “Impacted by prolonged trade disputes, the global economy suffered its lowest growth in a decade, slipping to 2.3 per cent in 2019… however, [the world] could see a slight uptick in economic activity in 2020 if risks are kept at bay,” the UN said. The report further states that growth of 2.5 per cent in 2020 is possible, “but a flareup of trade tensions, financial turmoil, or an escalation of geopolitical tensions could derail a recovery".
            It said a prolonged weakness in global economic activity may cause significant setbacks for sustainable development, including the goals to eradicate poverty and create decent jobs for all.