Posted on Monday, 1st June 2009 by admin


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I’ve saved about $80 000. I normally trade in mutual funds and market index trackers and so on, and I can make this work just fine, but I want to get into some kind of business.

I’ve thought about real estate or maybe even opening some sort of club or bar. I think some sort of loan business would be right up my alley, but it seems like it would be much more daunting a challenge getting into. Does anyone have any advice on this matter?

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Posted in Small Business | Comments (7)

7 Responses to “What kind of business should I get into?”

  1. Free Screensavers Says:

    Dolphin Hosting

    The best business will depend on what you want, how you define to be interesting. A person may consider a pet sitting business to be the most exciting work in the world, while another person would rather watch TV than take care of dogs. Or someone may want to open a video store but if it is not something that interests you, then it’s not worthwhile to pursue

    The key is to determine what your interests are, what you want to do, what is suitable for your lifestyle and your overall goals, and what can fit with your resources.

    Here are some steps to help you determine the business you need to start:

    1. List 5 things you do best
    2. List how others would benefit from what you do best
    3. Find out how to give people what they want
    4. Learn the value of your services to others
    5. Find out who else offers similar services
    6. Learn from the successes of others
    7. Learn from the failures of others
    8. Plan your own success
    9. Make low cost mistakes
    10. Enjoy what you do and how you do it

  2. New York City Job Listings Says:

    Dolphin Hosting

    You need to do plenty of research on what upfront costs are and what insurance and licensing fees will cost you – not to mention rent and furniture, utilities and computers and on and on.

    $80K may be plenty for a lot of startups but you might want to think about working out of your home for awhile. Do the research and save the money.

    As for clubs or bars, there are major fees for licenses and health department codes not to mention fines, liability insurance, fire insurance, health certificates. paying your suppliers, advertising, etc.

    Good luck, either way.

  3. Free Screensavers Says:

    New York City Job Listings

    hi,,

    skill what you have that u know the best,, world is huge market,, depend what you interest in, and depends whether u r service oriented man ,or only a busines which u can trade too ,, like a liaision or a trade bueinss,,
    even smarter are opening a small website and selling a lot too,, but it is ONLY u who can decide your skill ,, and where your mind apply
    ,, particularly area, if u have earned only from share market,, u can be an advisor too other people as an consultant, and add more financial serviced related to money,,

    if u know that there is a accute shortage of particularly some product in your place or country,, u can ,, your money in asia or in africa is huge money ( try out it even ) small part of it can be invested in such safe place too.

    as i said earlier too make a website, find out some product market some of them and may have luck,, very small invesment can make mircale too..
    ( this is all my mind thoguths for U ) good luck and think of us when u have a more success..

    bye…

  4. Dolphin Hosting Says:

    Hide Folders

    Identify,access options within the capacity of capital available and viability of the local market.

  5. Free Screensavers Says:

    If you really want to make it big, take the money and start a campaign for yourself to be elected into the State Congress or Senate. At a salary of rank and file members of $165,200.00 per year plus benefits it would be a very lucrative investment.

  6. Free Screensavers Says:

    I am a 52 year retired ex corporate world executive. My wife and i are now retired and living the life we only dreamed of.

    Please email me and I will set provide you with information regarding how you too can have my lifestyle.

    REC

  7. Dolphin Hosting Says:

    Dolphin Hosting

    Hello there,

    My husband and I have a home based online business that may be right for you. I can’t really give a lot of details here since it’s against the rules of this site but if you’re interested send me an email and I’ll write back to you with more details.

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