If you had $100,000 to start your own business, what would you do and why?
- Thread starter theycallmebruce
- Start date
I would invest in pre-construction condos at prime locations, lease or rent them out and then sell them after 5 years. If at a great location, then hold on to it as long as possible. For that money you could go with 2 provided you can make it sustainable and have your emergency situations covered. Best return on investment IMO.
It may sound crazy but have wanted to start a modelling agency. If I ever won the lottery or somehow came into a lot of money, I think that's what I'd do. Not a scam agency where they make the girls pay for photos and rip them off...... it would be legitimate.
I think I have a good eye for natural beauties. I am inspired by Eileen Ford.
I think I have a good eye for natural beauties. I am inspired by Eileen Ford.
I'd lease 40,000 treadmills and elliptical machines, rent some abandoned Target stores dirt cheap and offer free fitness clubs to the general public.
The machines would be rigged up to the hydro grid and I'd earn money from their sweat.
The machines would be rigged up to the hydro grid and I'd earn money from their sweat.
I want to do a food truck too! There was some stockbroker on Wall Street who walked away from his job and opened a food truck....Says he makes more money now and doesn't look back.
An equestrian center that also double as a retirement place for races horses (most races horses unless they are in the top 3 often ended up as horse meat as their joints are so bad from all the racing that they can't really be use for normal recreational use)
I'd open up an artisan metal working studio and have visiting artists come teach classes. Have a rotating schedule of artists visiting so the adult students could take advantage of the best and brightest talent in North America. The students learn the foundations of a trade and how to expand their eye for art. Sometimes producing something tangible rather than being a paper pusher does the soul good.
You can't do too much with only a $100k, I like the Artisan and food truck ideas the best as being fun in the beginning.
It's a ton of work though and there is so much competition out there. Except in Toronto where food trucks have lagged behind other major urban centres in NA.
$100K isn't much so you're limited on what you can do. Most start ups need $1M or more of seed capital.
I'd try to do something healthcare related. Perhaps a store that sells sleep therapy products - so many people out there have sleep apnea (diagnosed/undiagnosed) and there are relatively few stores out there supplying them. Plus they charge an arm and a leg. You can get products in the US that are up to 50% cheaper than here.
I'd try to do something healthcare related. Perhaps a store that sells sleep therapy products - so many people out there have sleep apnea (diagnosed/undiagnosed) and there are relatively few stores out there supplying them. Plus they charge an arm and a leg. You can get products in the US that are up to 50% cheaper than here.
I would be nice to look at numbers and manipulate them any way to suit your needs...from MY experience I invested $44k in 2008, sold the condo in 2013 and made $120k. Yes we did pay maintenance, tax and mortgage, but we also had a nice place to stay for the time being. We sold the condo and used the equity as downpayment for a nice big house that we could never afford if we saved and rented. We could have kept the condo and the rent of $1800 would have covered the mortgage maintenance and taxes and keep the house because of equity. We choose not to and just enjoy the nice house...BTW some of the 1 bedroom unit in this area went up by $130k to $160k. So yeah you can pull all the numbers from your a$$ you want, my experience is enough to convince me otherwise.
