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Re: Give me business ideas
Everyone loves a critic.
| quote: | Originally posted by Krypton
Here are my ideas so far...
1. Build a couple computers and sell them. |
No margins, labor intensive. Unless you can build a better mousetrap than the Michael Dells of the world you'll never break even.
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2. Start a "services broker" business. The idea is a client would contact me to ask for the best possible company to fulfill their service need. Say they need a computer repair shop. I would find the computer repair company with the lowest possible price, make a deal with them to cut the profit, and connect the client to the shop. This would require a lot of cold calling, and business negotiating, but I think I'm up for it. |
I don't know how you get your edge, but maybe you do. I'd be concerned with a little thing that just came out called the Internet. I'm not sure if you guys have heard of it, but there is a wealth of information out there for anyone with 5 minutes and a keyboard. And it's not just for porn anymore either!
| quote: | | 3. Start a portfolio consulting firm. The idea is to offer my stock analysis services to any business or client where I would analyze their investment holdings, and advise them as the quality and valuation of each holding. |
If you're good and you can break into some clients to get them to use you, you can make a shitload of money doing this. But you'd better be good, have something proprietary and be consistent and responsive to your clients. If they see you adding value, they won't mind paying you for your services. As an example, we pay a boutique research firm $75K/year for their services. They publish several reports daily and are generally very accurate information that you just can't get of equal quality from the bulge-bracket sell-side shops. It's basically a one person show, and $75K/year isn't even considered that expensive in this business for a lot of people (especially when it's just a soft dollar expense). Imagine a couple hundred clients paying $75k/year... The only knock of course is that you have no experience or professional track record to help you advertise your services so it might be heard to break into.
How old are you again?
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