If you had 40,000 cash, to start a small business?

Question

What would you get into?Home based,franchising or your own business?

Answer 1

own business, importing and exporting that kind of thing

Answer 2

Own business defiantly but do your research first don't rush things

Answer 3

Own Buisness.

..Yeah. That's what I'd Do (:

Answer 4

You own business, started in your garage or study room. And before going wild because I have this 40K,  I'd invest it first, keep my job for a while and try to get  a clear idea of what I want to do, get a business plan (maybe take one of those short courses about business budgeting and all that's involved) and proceed cautiously. It might be easier to start with this part-time, because a bank will be ready to lend you "start-up" money if you have a steady income. They will not lend you money just because you have that 40K - which you can withdraw anytime anywyay.

Answer 5

I would set up my own business, you don't need anywhere near 40K to do that though.  5k would give you a good start.

Answer 6

own green grocer bussines there is always a market out there for fruit and veg

Answer 7

I would start a home based business. Look 40k isn't really that much so you do not want to use up all that startup capital on overhead, retail space, inventory etc...

Nothing wrong with a conventional business if you are adequately capitalized.  Listen, you will make some mistakes along the way so you will need some room to mess up.

Why a turnkey home/internet type of business?

-low overhead

-low startup

-large income potential

-turnkey product delivery

-usually no employee needed at the start

-quick startup

-room to make mistakes

Start a turnkey home based / internet business make money and then later move into conventional types of business models with more knowledge and capital, if you want. I know many who make multiple 6 and 7 figures from a home based business or internet business.

So, your next step would be finding these businesses and doing your research.

To get you started and give you a reference point,  below are links to a couple of resources. Use them as a reference points in your search.

Good luck..