
12-10-2006, 11:59 AM
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advice???
hello everyone, i really really want to own my own business but have no ideas what so ever, i have thought about all my passions and stuff i like to do and cant come up wiht anything dealing with those,(since ive heard thats the best thing to consider when starting your own business). but anyway i have about 45K in the bank, and could possible finance with my dads help as far as established credit goes, but im just at a very frustrating point, i really really want my own business, but i cant come up with an idea,,,, could you guys maybe give me some advice, on what to do ? ideas, franchising ,any input would be greatly appreciated.
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12-10-2006, 12:01 PM
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I would look at the lists of franchises. Even if you just take their ideas and do something similar without actually buying the franchise.
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12-10-2006, 12:04 PM
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Post your list of things that you like to do and someone might be able to help you come up with an idea.
for instance if you like to:
draw....you could possibly draw the design of an house and sell it to an
architecture
read..... proof read college students papers and to increase your money offer
to type it for them for a fee. Post some eye catching flyers up tp
market yourself and talk to professors so they can recommend you.
skateboarding....... give skateboarding lessons...make sure they have their
own insurance though
clubbin'.......... u like the club?....start a news letter and website that tells
visitors, tourist, & locals about the clubs and bars in town as wells as out of town. Each month feature a HOT alcoholic drink recipe given by your readers. Include a article or two of anything under the sun and a section called HOT PERSON OF THE MONTH (make sure he/she is cute though) and give them to hotels, restaurants, colleges, malls, any place with tourist to hand out to their guest. Get small companies, clubs, and hotels, etc to advertise in it(charge them a fee-this is where your money comes in at.) Name the newspaper something like....the club scene or get your groove on.
Don't limit your distance......young people will travel to get to a hot and poppin club.
As far as the website....take camera scenes of the club (during busy hours) and let people take virtual tours of each club. Charge the club for this advertising. Be sure to put the Link on the new letter too.
You just need a little imagination to think of something to do with the things you like!!!
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12-10-2006, 12:10 PM
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thanks a lot guys, im new to this forum, but its great,,,, As far as the things i like, theres really not a lot that i can think of. I enjoy 4 wheelers and motorcycles, basketball, cars, but i really wouldnt have to have a business in these paticular categories, i also have a real estate license but could never get anythign started in this small town,,,i know that it would be great to find something that im really interested in, but if not, i would still be happy with any type of business just becasue its something thats mine and i could build and expand. but anyway, thanks for the replies , everyone, maybe ill come up with something one day,lol
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12-10-2006, 12:16 PM
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waddle I think it's hard to recommend a business to someone else since you really can turn anything into a business. Part of the do what you love thing is it can help define some business ideas as well as keep you foused during the lean times.
I can understand though if you don't want to start a business based on some of your interests.
You can check out http://entrepreneur.com/ or http://www.inc.com/ for ideas. They usually have plenty of lists of top online businesses or top franchises. All sorts of advice. Looking through the site might generate some ideas.
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12-10-2006, 12:22 PM
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Hello,
The wish to open business is important but not the only thing to consider. I would recommend you to set your goals and understand what you are interesting the most. It would be also nice to write everything on paper as well as due date for every goal. It will be much clear for you after that. You can start reading more information after you choose the right business for you. There are many type of business you can start. The thing is not to start is to follow and be persistent in what you do.
So what are your options if you want to start a business?
There are several different types of businesses you can start. Here are some of them and the advantages/disadvantages to each of them it is for you to choose:
1. Traditional Business
This is what most people think of when they think of a business. You have a storefront and/or an office and you are offering products and/or services. The advantage of a traditional business is that you have total control and can do what you want. The disadvantage is that it takes thousands of dollars to get started and months, if not years to make your money back.
2. Franchise
This is similar to a traditional business in that with a franchise you also have a storefront and/or office where you offer products and/or services. The difference and also the advantage is that you are buying into a proven system that has already been established for you. All you have to do is follow the system. The disadvantage is that it takes thousands of dollars to get started, months if not years to make your money back and you don’t have a lot of control and flexibility.
3. Direct Sales/Network Marketing (MLM) – These are businesses that you can operate out of the comfort of your own home where you get paid for selling a product or a service. Examples include selling CDs on EBay, selling bio-products and makeup, selling electronic books on the internet and much more! Some of these do not come with a proven system, like a traditional business. Others do come with a proven system like a franchise. The key advantage with a direct sales and/or network marketing opportunity is that it usually a low cost start up amount of dollars to get started and you can make your money back in months or even days! The disadvantage is that there are a lot of scams out there that have given these types of businesses a bad name and you really have to do your research to make sure you have a legitimate business and not a scam.
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12-10-2006, 12:27 PM
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Hi waddle, If your not really sure what kind of business you would like to get into. Try and think of something where you can narrow your competion. It might sound impossible, but with thought and determination you can do it.
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12-10-2006, 12:43 PM
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You must have something you enjoy doing or know a great deal about.
What was your job? What's your hobby? Start brainstorming, write down a simple business plan. Calbulate your budget. But the important thing is start doing it.
Hope that helps.
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12-10-2006, 02:48 PM
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Senior Member
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Join Date: Dec 2006
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You must have something you enjoy doing or know a great deal about.
What was your job? What's your hobby? Start brainstorming, write down a simple business plan. Calbulate your budget. But the important thing is start doing it.
Hope that helps.
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12-10-2006, 02:52 PM
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Join Date: Dec 2006
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man you guys are awesome. Steve B, excelpp, leatherneck, Pecantan1980, avantination, vangogh. I really appreciate all the replies, being that i cant find anybody hardly to turn to or talk to for advice, Im absolutely burned out on working for another person helping him make the real money. I was just wondering what you guys think, if i could even make somethign happen with my situation, Im not a very wealth person and im really not making that much money now,,, I only have about 45K but i still live at home with my parents and My dad is willing to help me out, but is it going to be enough to even start somethign or buy into somethign worth while??? just wondering your opinions thanks again guys.
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