What Kind Of Business Would You Start?
#61
Low stress, eh? Not many people that own their own business that I could call "low stress".
I definitely like the franchise idea, but I'm not sure what you can get for $150k. At least the formula has been worked out for you and you can rely on their name.
Otherwise, you could invest the $150k strictly in income-producing securities and REIT stocks. Some of these will pay in excess of 10%, so that would give you around $15k per year. You could easily make less in business for yourself, and you'd probably be putting in 60-hour weeks.
I agree with the other poster here who said that your business needs to be something about which you are passionate. List your three favorite hobbies. One of them is your business idea.
I definitely like the franchise idea, but I'm not sure what you can get for $150k. At least the formula has been worked out for you and you can rely on their name.
Otherwise, you could invest the $150k strictly in income-producing securities and REIT stocks. Some of these will pay in excess of 10%, so that would give you around $15k per year. You could easily make less in business for yourself, and you'd probably be putting in 60-hour weeks.
I agree with the other poster here who said that your business needs to be something about which you are passionate. List your three favorite hobbies. One of them is your business idea.
#62
[quote name='1988RedT2' date='Mar 31 2005, 03:17 PM']
I agree with the other poster here who said that your business needs to be something about which you are passionate. List your three favorite hobbies. One of them is your business idea.
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How in the hell is he going to make money masterbating?
I agree with the other poster here who said that your business needs to be something about which you are passionate. List your three favorite hobbies. One of them is your business idea.
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How in the hell is he going to make money masterbating?
#65
[quote name='banzaitoyota' date='Mar 31 2005, 04:24 PM']How in the hell is he going to make money masterbating?
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That's easy, Banzai. He opens a sperm bank. He's going to have to stock the shelves somehow.
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That's easy, Banzai. He opens a sperm bank. He's going to have to stock the shelves somehow.
#67
[quote name='Dramon_Killer' date='Mar 31 2005, 01:18 PM']I'd open up a limo service...its gotta be perfect, gotta find the right clientle, the cars, the insurance....
It'll be an experience, like a party...the second they step in and when they get to where they want, they wont wanna get out..
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Great idea!
It'll be an experience, like a party...the second they step in and when they get to where they want, they wont wanna get out..
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Great idea!
#69
Stress will accompany anything you invest your money in, the degree of stress will dictate how much money and time you throw at your investment. At least the money you have now should be offsetting the intrest accumulated on the loans for house, cars etc. Just let the interst earned from a low risk investment offset the interst charged from other financial obligations, that way you aren't losing ground. The optimum situation would be not only offsetting interest but making your entire payments from the return on your low risk investment.
#70
[quote name='94touring' date='Mar 31 2005, 05:28 PM']Low stress business owner....maybe try something like one of those self employed guys that stand on the corner holding a sign that says will work for food?
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