what would u do if u had 1 million US dollar?

Question

in ur business and ur life

Answer 1

I would keep $50,000 to myself & the other $50,000 to United Nations Charity Fund to keep Poverty away from this world. It would be a small help but many people around the world will be feeded a 2 time meal, which usually they don't get. I hope everyone will contribute a little bit to any good cause, even $5 will help.

Answer 2

Hire a lawyer
Payoff, update or just move into a nicer home
Buy a house near the beach
Update the vehicle
Pay off school loans and other bills
Help someone in financial trouble(family, friends, charities,
church)
Invest

Answer 3

Put it in the bank until a business opportunity shows

Answer 4

Depending on my stage in life, these are the following things I will do:

1. Age 61 & beyond: Start giving away i.e. invest 100% of the 1 million in private equity to very very early stage companies to the extent that push "fence sitter" entrepreneurs at 15 years or so tender a age that they don't even know what money is and show them, hand hold them into the beauty of generating money without even thinking about making money...show them money is nothing but adding value...that money can buy nothing but time...that money is not security...that money is not worth dying for...money is a catalyst...it is a tool...that money follows the plan and not vice versa...
2. Age 51 to 60: Budget 50% for giving away. Start giving away to entrepreneurs between the ages of 15 to 25years so that they can make the mistakes I made as an entrepreneur 15 to 20 years earlier...i.e. philanthropy: help educate and provide a mechanism for youth to get a good handle on the fact that "making great cashflow" is not business but "generating decent profit" is a tough as hell proposition. The money given away would be as an investor and with my teams guidance, and the universal empirical thumb rule of 80/20, if atleast 20% of the before seed stage angel /venture investee companies in our portfolio makes it big, we should be able to continue with this exercise. This philanthropic exercise stems from my concept that "infant companies" are the same as "infants/kids" and there are lots of funds/institutions that focus on the human angle and their education which is wonderful and hopefully gets more saturated. I want to focus on the fact that all these wonderful educated kids after their education is complet would need someone who can guide them in the world of business and I want to influence and institute / create such a venture fund that invests in ALL 15 / 25 year olds just because they want to be an entrepreneur and nothing else...just like kids need education...same way older kids need investors to fund their entrepreneurial education. That would be my concept of using up a million dollars as I grow older.
The rest of the 50% would be consumed and needed to sustain existing businesses and further education for me and my immediate family. Education is the key and that is the first focus on my mind for my kids and then their entrepreneurial ventures would be seed funded for their entrepreneurial education whenever they are ready. This would also be used to give my kids their "investor" education learning experiences so that they can continue the "philanthropic entrepreneurial venture fund" that was initiated by the other 50% and give it their direction and vision as they grow up.

2. Age 40 to 50: A million dollars in hand 6 years from now, would still be as useful as today for starting up. At that stage, really speaking, 50% would be used up for ensuring the best education for my kids that money can complement their natural talents. Nothing better than investing in comprehensive early education exposure. The next 35% would fuel further growth of a business model through marketing that has now been put in place and which would be at an inflection point of critical mass with sustainable recurring revenues with a natural/organic/negligible attrition rates. The remainder (15%) would be invested in support infrastructure to aid in achieving scalability as per the business model.
34 to 40: Right now:
1. 15% in families living expenses set aside for 3 years.
2. 10% set aside for education on the business execution front i.e. learning by doing and succeeding / failing for 3 months.
3. 10% PhD style contemplation of my business' revenue model and how best to grow this in the available time i.e. "If I had 8 hours to "cut" a tree, I would sharpen the ax for 6" Abe Lincoln quote.
4. 10% would go towards paying off the mortgage on the home front & other credit related debts
5. 55%: Get invested to continue building out my business to acquire 5000 clients with recurring revenue streams that would become self sustainable and throw off pure and profitable cash flows. Note: The current goal of 500 clients before the end of 2006 would be upped to 5000, a 10x growth in customer acquisition goals. Given the still small business size, sales efforts would continue to bring in business - channel management & affiliate programs would be launched to help grow the sales base, marketing would be undertaken to re-inforce and generate leads for the sales force. A customer support or "in-bound" sales lead qualification team would be set up. In short, all the things to grow a business would get a funded. Growth would be funded with room for learning annoyances.

Answer 5

pay off my bills and then see what it would cost to go into my own buisiness so i would not be working for someone else and hire my spouse and other relatives who want a better job then what they have

Answer 6

first i had to see all of historical city of my country like Isfehan,Shiraz(in Iran).then travel to Greece,Egypt and finaly go to Italy and Rome and visit my favorite soccer player,Francesco Totti.

Answer 7

I'd buy you a green dress. But not a reall green dress that's cruel

Answer 8

get a huge yacht and cruise the world

Answer 9

I would put in in the bank and not tell anyone about it.

Answer 10

try start a new bussiness and get all thing that i need and want such as house, car etc...