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Money, Business & Finance Ground >> Got 20,000 dollars. Want to start a business.


7/9/12 12:16 AM
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mijo
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Member Since: 3/13/02
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Seriously!

Have any ideas of what would be a good business to start with 20 grand?
7/9/12 3:31 PM
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justin@gosscpa.com
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Justin Goss, CPA, MSA
$20k probably isn't enough... You'll have investment needs, working capital needs, your personal needs, etc... You might have a good start and a great business, but your small amount of capital may end your business soon after it starts.

Maybe you could start a service business with small investment needs. Take an objective inventory of your intellectual capital and figure out what sort of service you can provide. If you're serious, perhaps consider partnering with other people.

Please don't let me discourage you if you've already made up your mind about an idea... I've worked with several hundred small businesses and a lot fail, because they didn't predict capital needs... Some of these entrepreneurs have great ideas, but launched with inadequate capital and failed miserably despite their ability to book accrual profits.
7/11/12 11:39 PM
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mijo
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thanks
7/27/12 9:39 PM
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HERTSWENIP
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Edited: 07/27/12 9:39 PM
Member Since: 1/1/01
Posts: 6206
ebay business with the adonis' model; order bulk goods from china, resell on ebay.

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