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Buy or start a business


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Old 12-18-2006, 10:07 AM
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Default Buy or start a business

This is for my father he just turned 51 and makes a gross income of about 250k a year. He works about 2 weeks on 2 weeks off and has a lot of spare time. He would like to own a business. Since his age and lack of creativity. I don't think starting a business would be the way to go for him.

What do yall think? If you say buy a business what do you think the proper way for him to do that?

Also is there brokers he could see other than bizbuysell.com or something. Somebody he could speak to face to face because he is really serious about this.
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Old 12-18-2006, 10:26 AM
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What kind of things does your father like to do? Seems like he's making good money already and this is more a way to fill those 2 off weeks. Of course I'm sure he'll be looking to make money through the business as well.

The choice of a business for him though might be best for something he's really interested in and has flexible hours of operation to allow him to work his regular job.
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Old 12-20-2006, 09:59 AM
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I don't know what he wnats to do. It doesn't matter he'll do anything. Any kind of business that is profitable. He just has no clue on what to do. He needs direction.

A llooong time ago he wanted to purchase a dry cleaner. I told him to look toward that route again but he is afriad they might inflate the revenue of the business since they are pretty much cash businesses.

But besides a dry cleaner what other things out there are a business field he could go into?

Also time is not an issue me and my brother would be more than happy to run it for the time he is gone and he only would work at nights to and come home in the day and see how the business is doing in the afternoon.


Would anybody possibly recommend franchise?
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Old 12-21-2006, 08:27 AM
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I own a franchise called DRY CLEANING TO-YOUR-DOOR and I like it very much. I made a post about it several months ago so you may want to do a search and read that. If you have more questions let me know.
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Old 12-21-2006, 09:34 AM
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I've been trying to think of a specific business to recommend, but it's hard without knowing your father a little better. I think you can make money in any business and there isn't necessarily one business that's auomatically better than another.

That's why I was asking about what your father likes. I wasn't asking in terms of what kind of business he likes and wants to own, but more in terms of what are his interests outside of work. What are his hobbies.

Is he a sports fan? If so then he could open a trading card store or a sports bar. Or a sporting goods store. Does he like to read alot? Then maybe a bookstore.

Is he the kind of person who prefers to be behind a desk? On the phone? Active all day? At a computer? In the company of others? by himself?

I think it's really hard to pick a business at random for someone else to go into. If the type of business really doesn't matter I would suggest trying a search for 'franchise opportunities'

Here's a site I found when I searched http://www.franchise.com/ It looks like a good site to get ideas about what franchises are out there.

If I knew a little more about your father I might be able to offer better suggestions, but without any kind of details it's hard to simply pick at random.
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Old 12-21-2006, 10:07 AM
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hey says he wants to get into distriubtion of some sort...
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Old 12-30-2006, 12:55 PM
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if he is interesting in starting a business, he should go into a franchise, and do it that way
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Old 11-23-2007, 06:12 AM
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My and partner and me are also willing to start a business and we are thinking of taking a loan initially as the existing funds we have does not permit us to launch the business. But then we have never gone for any form of loans ever. So this is to ask from the other experienced persons whether initiating a business with the help of loan is a good idea, then again is it easy to abide with the terms and conditions that such loan may have in its conditions? Hope to get some valuable suggestions.
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Old 09-02-2008, 03:47 AM
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Default The Way To Go.

With the western countries of Europe and N. America finding themselves in Recessions and Economic Slow Down, you must appreciate that these economies have transformed beyond a state where independent entrepreneurs without a special innovation can operate.

Because all basic services and goods are being provided by very big corporations, this is good because in so doing, these corporations have left parts of Asia and parts of Africa open for business exploitation by individual business men with relatively limited capital.

Business exploitation in this sense, will now involve the provision of basic services and goods to a populace that is lacking these services and goods, has the economic power to acquire these goods and services, and will pay for these goods in terms of absolute considerations, not in terms of credit as you will find in Europe.

So if your father or in fact any business person wants to invest in business today and build an empire there from tomorrow, he should exploit the economic potential of the New economies, by way of example, if your father comes to Nigeria to set up shop, and invests in Real Estate in a scenario in which he purchases minimal land builds moderate houses, say 10 units with a construction cost of Fifty thousand US Dollars per unit, he can be rest assured that those houses will be bought by way of single cash payment within six months of completion, these houses take 2 months to complete, and each will sell for an average cost of Three hundred thousand Dollars (You can do the math).

You may of course be cautious of investing in Africa, but I invite you to visit our company in Africa (Nigeria) and or confirm the plausibility of this with your countries embassy’s trade office in Nigeria. Fact is if you come to Africa and stay a while you will not want to return home, you will prefer to make Africa your home.

Fact is, Real Business Success Must Be Achieved in Real and Actual Terms, not in Virtual Undertaking.

When the Arab Gulf gets congested, there will be only Africa Left for Business to Thrive - You can be a visionary and be waiting when that time comes.
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