No pyramid schemes please. I am a college educated individual looking to start up a company. I have a few ideas tossing around, but nothing concrete as of yet. By little income I don't mean nothing, I can get a small business loan.
2007-09-04 08:46:51 · 7 answers · asked by RMX378 1 in Business & Finance ➔ Small Business
You already have your answer. Its your idea your tossing around you said, why can`t you make it into concrete now!
2007-09-04 08:53:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Whatever you start as an entrepreneur, you will be doing it a LOT. The good thing is that you get the freedom to choose which of the 80 hours each week to work. So choose something you will honestly enjoy doing.
Start by writing a business plan for any of the ideas you have floating in your hear. If it hasn't gelled by the time you finish, it's not ready to start.
Business plans are a lot of work. If you are excited about your new business, the time spent on the task will fly by. This is really just putting your ideas down on paper and being sure you can convey the great ideas you have in a more logical and concrete way. It will also really help you secure any loans you may need in the future.
If you want to learn how to write a business plan, there are TONS of places with information online. I used http://www.bplans.com/dp/ with my students when I taught.
But I can not stress enough that whatever you do go into, you will most likely be doing it for MANY long hours. The lion's share of businesses fail within the first year. You really should do everything you can to give yourself an edge. Talk with a Small Business Development Center, take a class on starting your own business, and/or talk to a few people who successfully started their own business.
Good Luck!
2007-09-04 09:47:39 · answer #2 · answered by iguanatom 1 · 0⤊ 1⤋
What are your interests in?
Find a niche market, brainstorm a product that they would need and which they'd be interested in purchasing from you, locate the raw materials (and make it) or act as agent with wholesalers supplying the items.
It's such a broad range question that nobody can give you a detailed answer that would work best for you.
I'd suggest getting a couple of copies of Entrepreneur Magazine and Inc. Magazine, they both offer excellent articles on small business at low cost.
2007-09-04 13:40:51 · answer #3 · answered by Elaine M 7 · 0⤊ 0⤋
What type of company are you most interested in?
There are many available, I am currently working with a team of individuals who are successful in this business and make it a priority to help me succeed. You put as much or as little into it as you choose. I like that I have access to my own exclusive products as well as over 800+ partner stores.
These items are things you use everyday anyway and you get paid for purchasing them from yourself & sending others to your site to do the same.
If you would like more information email me at Kieffer_tami@yahoo.com
2007-09-08 07:32:39 · answer #4 · answered by Tami K 2 · 0⤊ 0⤋
starting an online business is probably the easiest way to generate quick income and probably be more successful. I will be honest with you it will require some advertising in order to generate income, as its obvious that if people don't go in your website they can't buy from you. But advertising on the internet is probably tremendously cheap compared to advertising for a traditional business.
this is a great business in a box example and is how I started making thousands. I promise it's not a pyramid scheme. This is something unique and I don't plan on wasting your time.
http://www.thecashmagnet.blogspot.com
2007-09-04 08:55:55 · answer #5 · answered by Anonymous · 0⤊ 2⤋
Basically anything with little overhead. I would try a service. Something you can do for people, like design of some kind, landscape, interior, something like that. People will pay for things you wouldn't believe. My mom and I own a very lurcative professional petsitting business. Our overhead is only gas, and our time. People pay us more to watch their dogs then they pay a babysitter. It's kind of ridiculous! Anyone in Houston come check us out! www.passionatepetcare.net
2007-09-04 09:00:29 · answer #6 · answered by Mandy H 3 · 0⤊ 0⤋
Something you are knowledgeable about
2007-09-04 08:55:19 · answer #7 · answered by Anonymous · 0⤊ 0⤋