2007-12-15 18:03:17 · 7 answers · asked by ryan_tye2000 2 in Business & Finance ➔ Small Business
The money is cash. But I want to do something wisely with some kind of business which I don't know yet, so I don't have to work for anyone as long as I live. I would like to start a business that would bring at least 100k a year.
2007-12-16 13:48:43 · update #1
You can succeed with only $1,000 startup capital if you know what you are doing, able to stretch your shoestring resources, and stumbles upon a product or service that people need.
Or you can have $1 million in capital and still don't succeed because you have a worthless product that no one wants or you don't know how to manage your resources.
With $150,000 you have a fairly wide choice of business -- and it all depends on what you want to do and what you know.
If you are a good programmer, you can create a fantastic application that can be bigger than MySpace or other success stories,
If you want to open a grocery or retail shop, you can do that.
Or you can buy a franchise such as Subway.
The possibilities are limitless. Make a list of what you want and do not want to do -- e.g. do you want a business that deals with food, do you want to run a shop, do you want a business that caters to other businesses, etc.
2007-12-15 18:13:21 · answer #1 · answered by imisidro 7 · 0⤊ 0⤋
If anybody had the ability to give you a definite "right" answer, they'd probably keep it a secret.
The problem with a lot of "franchise" businesses that people get into because that's usually the most feasible route for that type of money is you're essentially buying yourself a job with all the risks of capital entrepreneurship.
I suggest you keep it in a high yield savings account earning at least 5% in the meantime. That's an extra $7,500 a year in interest while you figure out what to do with your money!
2007-12-15 18:16:57 · answer #2 · answered by hejustlaughs 2 · 0⤊ 0⤋
become a CEO...lol. you have $150,000 of what? cash? loans? kidding!! is that your salary? whatever. put the money into effective use. i hope you have a degree so you can from start there with business.
2007-12-15 18:07:23 · answer #3 · answered by Coolio A 5 · 0⤊ 0⤋
What your expertise is in. An industry where you have enough knowledge. If you only have money and no skills invest in the stock market with mutual funds.
2007-12-15 18:10:45 · answer #4 · answered by shipwreck 7 · 0⤊ 0⤋
If you dont mind not getting income for awhile real estate is the way to go. All my friends who invested in real estate are doing well.
Good luck
2007-12-16 01:16:28 · answer #5 · answered by jessica r 3 · 0⤊ 0⤋
write an ebook about not being sure what to do, sell book online. invest the money.
2007-12-15 21:04:10 · answer #6 · answered by Mac 3 · 0⤊ 0⤋
porn or oil.... there will always be an abundant demand for either one!
2007-12-15 18:11:21 · answer #7 · answered by Papi Grande 3 · 0⤊ 1⤋