I am trying to start a buisness, with only a few thousand dollars?

Question

I was thinking about a hair supply store or a liquor store. How much money is needed and what type or research

Answer 1

Liquor stock is expensive, go hair

Answer 2

Hi!

To start a traditional business like the ones you have mentioned will probably need much more than a few thousands. Hair supply seems to be less expensive.

Have you considered a home based internet business? I have worked out a business comparison document which highlights the differences between a traditional business and an online business opportunity. It deals with factors like start up cost, running costs, potential net annual income, hours worked per week, passive or residual income potential, % return on investment and free time to spend with family. It may help if you are open to considering options where you can work from home using the internet instead of starting a traditional business.

I would be more than happy to share this sheet with you. (Check my profile).

All the best,

regards,
Namz

Answer 3

Think about it: You need enough money to make it through the first year WITHOUT gaunteed income. That first year you will probably LOSE money.

Ask other business owners, but I always suggest at least $10K/month. Don't borrow money or take out a loan. Work your butt off until you get that money and do your research on what exactly you want to have as a business. Research other things such as insurance and employees and taxes.

Answer 4

Are you interested in helping people? I am, and that's how I found my business. If you have a passion for helping others we should talk. If not, good luck with whatever you do find.