Sanctions. Someone sees this phenomenon as extremely negative, but is everything really so bad? Food sanctions, that is, a ban on the import of certain goods from abroad, caused a phenomenon such as import substitution. Products that used to be imported from the West should now be replaced by similar, but domestically produced.
There is often an opinion among economists that import substitution should have been dealt with a couple of decades ago in order to provide the country with goods of its own production and create new jobs that are always lacking. Why we didn’t do this before, we will not argue. Now the question is more relevant: is it possible to build a small business under sanctions? We answer: it is possible! The sanctioned business will rely on the fact that market niches freed from foreign manufacturers need to be filled by someone, and small and medium-sized businesses are ideally suited for this. What should be done to get the most out of sanctions?
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Sanctions Business Ideas
Fast Food with Russian Food
Perhaps some of you remember that in the Soviet Union there was also fast food. Only hot dogs and hamburgers were not sold there, but sandwiches and dumplings, and such establishments were called “Snacks”. Admittedly, they enjoyed good popularity. What prevents to open a similar Russian fast food now? The cost of producing sandwiches, dumplings, soups, pancakes and our other native food is very low, and you can set up an institution quite modestly, without restaurant decor and frills.
Be sure to attend such a fast food will be no less than Burger King or McDonald’s, or even more often. After all, the price of one lunch at McDonald’s will be equal to two, or maybe three dinners in a Russian diner. And if American fast foods soon completely cover up (anything can happen in modern realities), then people simply will not have a choice.
Cheeses are loved and consumed in almost every family. But sanctions also affected this product – now it is not imported from abroad. It is interesting that the elite French and Italian cheeses are mainly made in small industries, or even very small ones. To organize such production in our country will not be difficult. Such a business idea is especially relevant for those regions whose climate is most similar to that of Southern Europe.
Thermal imaging equipment
All thermal imaging devices previously came to Russia only from abroad. Domestic production, if there was a place to be, is on an insignificant scale. But the scope of its application is quite wide – construction, medicine, engineering, metallurgy. If you set a goal, then you can easily start the cost-effective production of such equipment without any problems. It will definitely be in demand.
Production of fish feed
Red fish, which, due to sanctions, disappeared from store shelves, but soon returned to domestic production and is much more expensive, is another story. From the position of small business in this area, the production of animal feed is more interesting. Previously, they were purchased in the same place as the fish itself – mainly in Norway. Norwegian food is of high quality, but still too expensive for many Russian fish farm owners. If you find a way to produce compound feed for fish at a lower price category, you will definitely be a plus.
Milk is an incredible amount of food consumed by our people. Prior to the entry into force of the sanctions, 80% of the milk on our shelves was from abroad. Just think how much its accessibility to the population has decreased and what profits you can get if you start your dairy production. And besides milk itself, you can also produce cottage cheese, sour cream, butter and other dairy products, which in any case will always be in demand.
Access to foreign education is now closed to many officials. And they are used to teaching their children only in the best, elite educational institutions. Of course, opening an elite school for children or expensive business courses is a quick and rather complicated process. Nevertheless, under the conditions of sanctions, such a business becomes very, very promising.
Particular attention should be paid to beef production. Our country has always been much more profitable to buy imported beef for sale to the public than to produce it yourself.