I have about 5k to start a new business, what is the best business to start with this type of capital?
2007-03-18 04:58:39 · 12 answers · asked by Wedko 1 in Business & Finance ➔ Small Business
no matter how much money you have, if you are starting a business from scratch it needs to be something you have an interest in, are skilled in etc and have a passion for!
so stick to something you are good at and know something about otherwise you are just going to struggle!
2007-03-19 08:32:44 · answer #1 · answered by just trying to make a difference 5 · 0⤊ 0⤋
well money isn't the only thing that you have to have to start a business. you need to be good at something or be very knowledgeble at something. Brainstorm a bunch of things and see what you are best at and think of some problems you might have. You certainly don't want to start a business, lose 5k and even more money you owe to angry customers just because you got the business idea on Yahoo! answers. whhen you tell that to your friends, you'll be humiliated.
2007-03-18 05:08:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Make jumbo chocolate covered strawberries with nuts on a popsicle stick. At the mall they are 5$ a chocolate covered strawberry, sell 30 a day each one is 2$ and you will make 60$ a day if you sell all of them. And in a week you will make 420$.
and a month 2,520$
a year 30,240$ damn you could by a housesell like 60 a day
and in a year 60,480$.
2007-03-18 07:08:16 · answer #3 · answered by ♥•Łατiиα•♥ 5 · 0⤊ 0⤋
Large investments are not what is needed to make a business work or to even start one. A strong plan, determination and quick responses to customers needs will establish and increase your capitol.
To answer your question CONSUMER DIRECT MARKETING. Earn a 6 figure income.
On my website you will find information that can help you. These principles can be applied with any business decision that you make. I hope this information was helpful to you.
GOOD LUCK!!!
http://www.tagurit.net
2007-03-18 05:51:52 · answer #4 · answered by Anonymous · 1⤊ 0⤋
do some research into what is needed in your area, as well as finding out waht interests you. A new business is a huge time, money and time commitment, don't get into it without giving it a lot of thought, a business you really care about will be far more likely to succeed
2007-03-18 05:03:06 · answer #5 · answered by emily_jane2379 5 · 1⤊ 0⤋
depends what u are really good at..
im a trainne building service engineer @ i soon want to run my own business doing Mechanical and Eletrical cad drawings.
what i prob most likely to do is find an industrial estate - pay monthly and work from then on till i make money for myself or if i lose it.
2007-03-18 05:07:07 · answer #6 · answered by Krizz Cross 2 · 0⤊ 0⤋
My husband and I have an online/offline retail business that might work for you. I can't give you details here since it's against the rules of this site but send me an email if you'd like more information.
2007-03-18 16:36:56 · answer #7 · answered by Anonymous · 0⤊ 1⤋
with 5k not a lot, go to your bank with an idea and you should get them to match your 5k,
as far as which biz, you have to decide coz no one is going to tell you how to become rich, they will do it themseves,
what interests do you have? self employed builder etc is comparatively inexpensive to start but a lot of competion,
have you done biz course? its imperative
good luck
2007-03-18 05:08:49 · answer #8 · answered by qwerty 3 · 0⤊ 0⤋
lawn mowing or house painting.
You could get cheap labor, high schoolers, and use most of your time getting more jobs. You would only have to supervise them minimally.
2007-03-18 05:04:28 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Hi,
You can start a homebased business for under £1000. If you would like some more information, please email me on flp4life@yahoo.co.uk
best wishes
2007-03-18 06:25:24 · answer #10 · answered by deekster 2 · 0⤊ 1⤋