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$2000 - Want to start business - Need ideas
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| Krypton |
Here are my ideas so far...
1. Build a couple computers and sell them.
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.
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.
Other ideas if I had more then $2000...
1. Internet cafe
2. Real estate
3. Hedge fund
$2000 isn't a lot of money, but it's something. My big problem right now is obtaining capital. The banks sure aren't going to give any money to someone like me. One other alternative is joining the Air Force for a few years, saving money, and obtain capital that way. By the time I get out, I'de have enough money to so big things.
Any ideas people? |
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| Dervish |
1. Good luck you'd need to do it through ebay and that's unbelievably competitive.
2. Possible, but 99% of companies have existing contracts for this. And/or approved vendor lists that they always goto. But if you could get yourself on one of those lists and be a "misc" supplier for all the weird crap that companies need but can't get from one place then could work.
3. Why would anyone give you an unproven person their money to invest?
But $2000 would after paying for registration of your company etc etc (which any real company would require to even consider paying you) would not leave a lot. That said the "catch all" services broker thing could work because it would appeal to lazy procurement workers. |
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| Fast Turtle |
Save the money in a security that's worthwhile, like a guaranteed bank investment that should at least beat inflation. Worst case, you keep the money you have, there's not really much you can do with 2000$. Taking out a loan for a business is usually a bad idea (the failure rate of new small businesses is incredibly high). Most hedge funds require at least $1 million in assets.
If I were you, I'd find a job that pays well and save and purchase as many low-risk investments as possible until I had the financial security to venture into something riskier (you generally never want your financially risk-taking moves to be more than 10-20% of your assets). That's if you want to guarantee you'll maintain most of your wealth. |
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| verndogs |
The third option is the only one sounds reasonable, but unless you've been working for a big time financial firm and have a track record of success, no one will want to use you.
You're better off just working and saving the money to add to your $2000. |
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| Fibonacci |
i think you're doing this from the ass-end. Most people have an idea, and look for money. You have money, and are looking for an idea.
If you have the expertise to advise others on stock purchases and such, why don't you take that $2000 and invest? When a good idea comes your way... you'll still have the money. |
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| Vivid Boy |
| take ur two thou, and pm me. I will teach u to turn that two thou into lots. ull be pissed where i tell u to spend it tho, but trust me itll work |
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| idoru |
| quote: | Originally posted by Vivid Boy
take ur two thou, and pm me. I will teach u to turn that two thou into lots. ull be pissed where i tell u to spend it tho, but trust me itll work |
Seriously, you can trust your money with this man.  |
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| mickeymarley |
| quote: | Originally posted by Krypton
Here are my ideas so far...
1. Build a couple computers and sell them.
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.
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.
Other ideas if I had more then $2000...
1. Internet cafe
2. Real estate
3. Hedge fund
$2000 isn't a lot of money, but it's something. My big problem right now is obtaining capital. The banks sure aren't going to give any money to someone like me. One other alternative is joining the Air Force for a few years, saving money, and obtain capital that way. By the time I get out, I'de have enough money to so big things.
Any ideas people? |
2. Real estate
Buy a wreck of a house, put some hard work into it, do it up and sell it. Unfortunately this is harder than it sounds. I have no idea how the property game works over there, and you would probably need more money I suppose.
Whatever path you choose im sure hard work will help, and if it fails first time round then try again and never give up.
You into cars? quick bitta money can be made at buying and selling cars.
Or put your 2k on the lotto and hope for the best |
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| jonSun |
| Move to Mexico or somewhere like that. $2000 can go alot farther. But seriously you do have options. I started my landscaping company on $8000 and then started a small taxi company on about $6000. The taxi thing made me an extra $1500-2000 a month on average with about 5 hours a week of work when things were running smooth. It can be done. |
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| The17sss |
I've heard success stories of people who started companies with barely any capital, but for every one of those, there's got to be 10,000 that don't work out. I'm not trying to be a Debbie Downer here dude, just sayin. The first thing you should do, and cheapest way to do it (instead of paying for a lawyer), is go to leagalzoom.com and form an LLC or other type of corporation so you can at least get that paid for and locked up with a company name. After that, I don't know man... what kind of experience and/or educational background do you have? not that having a degree is a must, but it will definitely open more doors of opportunity to you.
I started a company from scratch with my dad about 6 years ago with $10,000, doing something highly specialized with little competiton and it took about 5 years to start generating enough profit to stop stressing out all the time. It's about how much you keep though, not how much you make. You gotta take into account all kinds of that you never thought would factor into your expenditures... insurance, marketing, technology, time and travel expenses, and my least favorite, chasing motherf*ckers for money that don't want to pay. We go to court a few times a year to collect from deadbeats... it sucks but it's just another one of those financial variables that comes with the territory. On the plus side, I don't have to answer to anyone, can make my own schedule, and never have to sit in a ing office cubicle. If our company ever went under, I don't know what I'd do because I've been spoiled this way since graduating college... couldn't handle working for someone else. |
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