What Kind Of Business Would You Start?
03-30-2005, 11:49 PM
#15
Senior Member
Join Date: Jul 2001
Location: Tulsa, OK
Posts: 3,346
I remember you asked this not too long ago. Must have 150k burning a hole in your pocket. Well I guess it depends on what you're interested in. You have to find something your passionate about to suceed. I've been growing interested in doing body work and paint. Or maybe open a small cafe or something.
03-30-2005, 11:57 PM
#16
Senior Member
Join Date: Dec 2001
Location: Panama City Beach, Florida
Posts: 993
just that shops and cafes, restaraunts.. they usually last for about a year or two and go under... u have to really have something going for you to keep going. You can always buy a franchise... then u can make a good return on your money.
Real estate is a good thing too.. buy a couple properties and rent them out... gain equity and spending money.
**** was a good idea too...
Real estate is a good thing too.. buy a couple properties and rent them out... gain equity and spending money.
03-31-2005, 06:04 AM
#19
Super Moderator
Join Date: Feb 2002
Location: Amityville, New York
Posts: 12,288
bar owners usually end up divorced, broke, and alcoholic
at least the 4 that I knew did, lol
real estate! My boss bought cars in the 80's, now he has cars worth the same money, if he bought real estate that would have been worth 10 times what he paid for it.
Real estate also gives you good equity and capital to potentially invest in other things, like once your real estate has some equity in it you could always fall back on it if hard times hit, if you open a business and it tanks then your just broke- unless of course you bought the property and it gains value
There are alot of detail shops in Florida, you cant make money doing it there for the crackhead prices they charge- consider a car wash instead, even one of those self serve ones generate tons of cash income.
Maybe a little internet/cigar cafe/lounge
at least the 4 that I knew did, lol
real estate! My boss bought cars in the 80's, now he has cars worth the same money, if he bought real estate that would have been worth 10 times what he paid for it.
Real estate also gives you good equity and capital to potentially invest in other things, like once your real estate has some equity in it you could always fall back on it if hard times hit, if you open a business and it tanks then your just broke- unless of course you bought the property and it gains value
There are alot of detail shops in Florida, you cant make money doing it there for the crackhead prices they charge- consider a car wash instead, even one of those self serve ones generate tons of cash income.
Maybe a little internet/cigar cafe/lounge
03-31-2005, 07:19 AM
#20
Super Moderator
Join Date: Jul 2002
Location: My BIG ol TURBO-DIESEL
Posts: 5,181
A good deli/doughnut shop.
Pet Crematorium.
I would avoid detailing/lawn service. Too much cheep labor out there, and the cheep labor leaders have figured out how to run these businesses.
My own future "plan" would be to open an Auto Hobby Shop. You would provide garage space, access to lifts, rent specialty tools and Offer Storage units for rent.
Have a changing/shower area avaialble. A small snack/burger bar. Have an arrangemet with the local parts house to deliver parts. Offer Mail Order Parts. Keep a small stock of oil and commom items on hand.
You could have cruise nights and offer a place to "chill" away from the "man". Of course this would require the sevices of a rental cop to enforce.
Pet Crematorium.
I would avoid detailing/lawn service. Too much cheep labor out there, and the cheep labor leaders have figured out how to run these businesses.
My own future "plan" would be to open an Auto Hobby Shop. You would provide garage space, access to lifts, rent specialty tools and Offer Storage units for rent.
Have a changing/shower area avaialble. A small snack/burger bar. Have an arrangemet with the local parts house to deliver parts. Offer Mail Order Parts. Keep a small stock of oil and commom items on hand.
You could have cruise nights and offer a place to "chill" away from the "man". Of course this would require the sevices of a rental cop to enforce.