Please help me think of a small business (traditional, not networking pls) that needs small investment. I only have $200 (less than Php10,000) to start. I have a computer and I accept typing jobs, research, printing etc but it's not enough. I just can't think of any other business and it frustrates me so much. I only have that ($200) as my only savings and I want to invest it. Any idea? Please help!
2007-03-06 13:11:48 · 17 answers · asked by C2 1 in Business & Finance ➔ Small Business
Well it depends where you're living now, I mean what country, what city? I have my own small computer service center which works in Mongolia. Now we have 3 PC's, 3 Laser and inkjet printers, Photo and Video digital cameras and additional devices to produce publishing products.
I started with only 1 Pc and 1 laser Printer. It's working about 1 year. It is good, isn't it. The reason was I had good plan and good professional crew. My friends.
My point is to create your long term and short term plan which must be very good planned.
The best thing is to work hard, even you're working.
Think hard even you're thinkling
You can contact me.
2007-03-06 13:32:06 · answer #1 · answered by B.T 2 · 0⤊ 0⤋
I once owned a small business, Luckily for me my parents funded the start up costs for me, Have you tried asking someone for a cash loan? Write up a legal binding contract tell you family/friends whoever loans you the money you'll treat it as i traditional loan.
If you have no luck there ring the Small business Centre an get your questions answered there, ask about government funding and Grants that might be available to you.
But my best advice is if you don't have the cash then you don't want to start a business,(and that speaking from experience)cause as i learnt that if you have to borrow the money and it is true when they say that 94.35% of first business owners do go BANKRUPT within the first 2 YEARS then you become screwed for life. Or at least the next 7 years while you in the act of bankruptcy.
Think of other options like partnerships and investors first, if not then do as we all do and WORK HARD AND SAVE!!!
2007-03-06 13:25:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you told me you was going to Fly a Plane I would advise you to take a Flight training Course First. Same thing with a Home Based Business, There are Home Based Business Courses That can Teach you step-by-step how to start a home based business.
When you find a Home Based Business course that You are interested in the small amount that you would invest in it, Would be well worth it to you in the long run, Once you have a highly successful Business to make money online for yourself.
2007-03-06 13:51:36 · answer #3 · answered by answer 3 · 0⤊ 0⤋
OK first this is not enough money to start a business....If your good at art try making t-shirts...or even blouses by buying fabric...or theres always the lemonade approach...and dont get me wrong recently a 12 year old boy that dresses business casual sold just lemonade and made over 13,000$ in one summer and has made a total 40,000$
Also try investing that money into penny stock I made over $2,000 dollars in 6 months with just $50!!!
2007-03-06 13:17:08 · answer #4 · answered by ironknuckles05 2 · 1⤊ 0⤋
From what you have written it sounds as if you are unsure as to what you are passionate about, I would suggest you work to save more money before starting a business .Networking with people will help you alot.Once you discover what your passion in life is pursue that and investing time in yourself will be worth delaying a startup that flops.
2007-03-06 15:46:17 · answer #5 · answered by suit8888 1 · 0⤊ 0⤋
Hello, I have a Adult Home Party Business. And $200.00. Will Get you started if thats what you want to do. On a aveage party i make about $700.00 for that night, The best thing is you get paid the night of the party. If you want more info. call 313-372-5742 or go to this site
www.hotspotforlovers.vpweb.com
2007-03-06 13:52:59 · answer #6 · answered by eVELYN H 1 · 0⤊ 0⤋
Tell everyone that you have a way of starting a business with only $200. The start up cost is $200.
When they send you $200 then tell them to do the same thing to others.
2007-03-06 13:16:36 · answer #7 · answered by Anonymous · 1⤊ 3⤋
get as big a loan as you can or that you need. budget yourself so you can pay for the business. keep a part-time job so you can have money coming in. maybe even taking a class on owning your own small business would be convienient
2007-03-06 13:15:49 · answer #8 · answered by Ava 3 · 1⤊ 0⤋
start a cleaning co., people are so busy working and running their kids or trying to have fun time for themselves that the last thing they want to do is clean, run errands, grocery shop etc..
has low overhead, have clients provide cleaning products, and make sure you fit your gas & time in the price you charge.
good luck
2007-03-06 14:09:33 · answer #9 · answered by SHORTY38 2 · 0⤊ 0⤋
Start your own printing job, customize bussiness cards, flyers, ect. it only costs you paper ink and time, start by putting an add in your local newspaper. visit craft shows and learn some neat tricks and its something people need!
2007-03-06 13:16:25 · answer #10 · answered by Dodge's lil girl 2 · 2⤊ 0⤋