I have a lot of ideas, but I am afraid of losing my sweat on it...
Thanks in Advance...
2007-08-19 02:28:59 · 12 answers · asked by aRnObIe 4 in Business & Finance ➔ Small Business
I am thinking to put-up a small business with my own capital...I just wanna know which small business is the best for my the mentioned capital...
2007-08-19 22:32:34 · update #1
That would depend on where you live and what markets are saturated or not. Your local ESC office or SBTDC show be able to help guide you to under serviced markets...
2007-08-26 10:16:36 · answer #1 · answered by I Can Count To Potato 7 · 0⤊ 0⤋
Looks like you got some good answers. The SBA.gov is a good start but I'd like to suggest that you first go to www.bizminer.com this site will assist you in assessing the risk and provide you with sound stats on various businesses. The second place I'd visit is www.entrepreneur.com this site has grass root business plans and loads of useful information. As for the SBA it generally offers the best financing for small business owners. However, planning and preparation is everything. So if you take the journey its worth the reward. Good luck on your venture.
2007-08-26 17:37:27 · answer #2 · answered by Robert W 2 · 0⤊ 0⤋
Go see the Small Business Develop Center for suggestions.
2007-08-19 16:21:38 · answer #3 · answered by jdkilp 7 · 0⤊ 0⤋
put your money into savings then get a "small" loan against it for start-up purposes. Determine what business you want to get into, do your 5-year plan to see how much money you'd need, get your licenses, work from home and start small. Most businesses don't make a profit till they're in business 4-5 years. So you'll have to determine your needs and use opm.
2007-08-26 21:38:13 · answer #4 · answered by sophieb 7 · 0⤊ 0⤋
$20,000.00 is quite a lot of money. can i suggest you to take out no more than $59 from that amount and try Uptrend Network? try visit http://maisarah.ui2u.com and view their business presentation. this is a low capital with high return network marketing business which require you to find minimum 2 people below you and ask that 2 to do the same. simple right?
2007-08-27 05:29:41 · answer #5 · answered by mai299 1 · 0⤊ 1⤋
Suggest you hold on to your money until you have found something that meets your requirement. Once it is spent.....Well: how long will it take to replace it?
Suggest you write a Mission Statement for your Life. Figure out who you are, what you want to accomplish and then plan steps to accomplish it.
There are business models (legit) that don't require vast amounts of money. They require Effort.
Good Luck!
2007-08-19 09:38:38 · answer #6 · answered by smiling_freds_biz_info 6 · 2⤊ 0⤋
Do you mean to start a small business with? or do you mean you want to invest in someone elses small business?
2007-08-20 05:05:04 · answer #7 · answered by Persevere 4 · 0⤊ 0⤋
Have a look at the list of Franchise businesses available in your area. These are tried and tested and you are unlikely to lose your shirt on any of them - unless you are an idiot.
2007-08-19 09:39:15 · answer #8 · answered by Knight Crusader 2 · 0⤊ 0⤋
stop drop look deep inside and listen to your good instincts. pray, work hard and go for it
2007-08-19 09:39:29 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Give it me i'll invest it in my local.
2007-08-19 09:37:48 · answer #10 · answered by peter p 5 · 0⤊ 0⤋