Anybody: HOW TO START A SMALL TIME BUSINESS? Any suggestion please?

@zjenikka (292)
Philippines
April 18, 2007 9:00pm CST
I hope we have entrepreneurs here. Big or small entrepreneurs as long as you can help me. I have always wanted to have my own business. My plan is a small time business because from there I think I can make it grow. I am a student nurse (Second Course), eventhough I am a student I still want to run a business. My budget is from 10,000 to 20,000. I hope that is good enough to start a small time business. I need your insights please.. Can you please help me? What are your suggestions please? Concept please? please be detailed on everything please. I badly need your help here.. Since mylot won't allow me to repond on your response, I want to THANK YOU ahead of time for the help.
3 people like this
12 responses
@SEOGUY (906)
• United States
19 Apr 07
I am sorry I didn't see that you could not respond. I'll give you one detailed suggestion. Buy a carwash, or lundry mat that is in a very good area. or put the money down on multple unit income property. Thes are very good but you need to invest wisely on income property, to see if it is a good deal, figure the gross of the income you will receive for rents, subtrat 15% - 20% for maint and repairs. now could you pay the property off in five years? No you don't have to but thats the way to tell if its a good buy or a bad one. also look , is it already rented? is it fully rented? Also check with local housing athority and get a check lest from them, You will want this becouse the best rent you could ever receive is from section 6 housing. this is where the goverment pays or subsidizes rent for low income persons or families. Why is this good? becouse you never have to worry about no payment or late payment and they usely rent for five or more years. When you Start collecting the rent, have a seperate account for your rental business. From this pay your note, and pay yourself a salery, and every month make sure you leave 15% aside for any repairs. Open a seperate account for depossits as this is very important, make sure it is intrest bareing, and make sure you have clear rules on how they would get their deposit back. Another twist on this is search local mobile home parks for mobile homes for sale. Check with management that if you buy the house you will be able to rent it out. Find a house under 10K five to six thousand would be better find out what two and three bedroom homes rent for in your area if they rent for 650 monthly charge 525.00 a month. these figures are low.you will keep adding houses as you can but again, kepp about 1500.00 or so per house for repairs, do as many repairs yourself as you can. People say mobile homes are bad investments becouse the depreciate, Nonsense, how cares if your makeing five thousand dollars a year on each one for the next ten to fifteen years? Hope this helps.
1 person likes this
@zjenikka (292)
• Philippines
20 Apr 07
ei!! im glad with your response because it really helped me to think of ways how to start a business.. but i do need more of your suggestions.. can you please add me up in your account so that i can buzz you off there? thank you...
@SEOGUY (906)
• United States
22 Apr 07
Sure how would I do that?
@SEOGUY (906)
• United States
19 Apr 07
I can think of two. and they work for me and the wife. #1 AVON, You can start your own buisness for $10.00 and my wife would be more than happy to show you how to make an extra 15k a year or more part time. the second way is affiliate marketing, I make a little extra income for working a few hours a night on the computer. And I would be happy to show you the DON"TS and the does. I've tried alot of them and 99% don't work. I have one I do make money with with little promotion.
• United States
19 Apr 07
Ooooh I know a great Promotion website that help my referrals blast out of the roof. I makes affiliate marketing so much easier. Its free to join and the people in my network have been really helpful to me. check it out and tell me what you think? spoonprophet.ultimaterep.com
@zjenikka (292)
• Philippines
20 Apr 07
really? this site is good? well, I will check on this and I hope it can benefit me a lot.. *winks
• Australia
19 Apr 07
What do you like? Do you want to sell something or do something? You can try to buy stuff and sell it again to your friend. That want i'm doing first time, and now i've got my own store, just a little store but my own store. I sell a bags, handbags, cosmetics, shoes etc. You sell a food or make a cake or chocolate. Good luck
1 person likes this
@zjenikka (292)
• Philippines
20 Apr 07
i am not good with baking so i gues your suggestion of buy and sell will do..i will study on this.. i will try...
@disvachic (10121)
• United States
20 Apr 07
I am in the process of starting my own business.I want to open a group home.I work with mentally challenged adults and I figured I could have one of my own since I love it so much.I am taking a starting my own business workshop next month on the 15th,I went through my local Chambers of Commerce for that.They are going to sign me up with a business counselor unlimited counseling free of charge.You can check around with your local agencies to recieve help because that is what I have done.I have found them very helpful and useful and have also recieved assistance.
@aribaba (368)
• Indonesia
20 Apr 07
It could started by Your hobby. like my wife did, her hobby is dolls. so she try to make dolls by her own, plushes. just keep in touch. in a few days You could see it at http://toysfinder.blogspot.com
• India
20 Apr 07
If you really want to be a good entrepreneur with the budget you are mentioning then i think it is better u go for a business by which u can lend the books. As you are a student u would know the importance of books in a students life. I think u just need to lend the books over a specific time duration, let us say for example between 5 to 7 pm in the evenings. If you are a nurse student then i think go for the books related to the nursing course as u would have a better idea about them. Those people who need the books should come one day in advance and submit on a piece of paper the BOOKS NAME, AUTHORS NAME, THE PUBLISHERS AND THE EDITION OF THE BOOK. In that way u would have time to take out the specified book and hand it over to the person, and if you dont have the specified book then i think it is better that you ask for some time from your customer so that you could get the book for him/her and lend the book at an affordable price. In this way u would be spending less time on your business and making good amount of profit, and as a nurses job is to provide good service to her patients, i think this business would make you more gregarious and u would practising the service which should be given to a customer.
@mari123 (1862)
• China
20 Apr 07
you want to start a business,you should know what you want to do and what you like,there are many exprience should be study during in social.i think you can make a shop in a shop web,it can give you some business exprience and easy to earn money.
• United States
20 Apr 07
how about starting something quite similar to MyLot !! This will help you and even others to make some good money !!Your budget should be enough to start it as small and then finally when your user base grows you will have enough money to expand and grow and grow and gorw !!
• United States
19 Apr 07
It's about what you like to do. If you find that what you like may benefit others, then look into that. Find a niche, than offer your products and services. Don't make it too broad or you'll end up loosing money than making them.
@TDonald (1423)
• United States
19 Apr 07
MyLot doesn't allow you to respond? Since when?
@AnnaB87 (761)
• United States
19 Apr 07
I think you need to think about what really interests you and what you can do. Then see if what you like to do and can do can be turned into a business of some kind. And having the kind of start up money you mentioned I would think that you would have a lot more choices available to you than I do currently. And I am actively trying to have my own business or businesses, I am trying to write for pay on Associate Content, and I make crochet items that I sell when I can find a customer, I plan to add more things as I can. I am also a fulltime student, and I try to teach my kids, (we do homeschool, some days are better than others) plus I am trying to get a business of some kind going that will be profitable to our family, because I would like to be debt free, so I am doing all I can to that end, Anyway you can check out some of my articles on my associate content page you may find some ideas there. I have written several business idea type articles, HTHS And here is a link to my ac page you will have to cut and paste I think, and I hope its okay for me to post that. Also if you want you can use my referral link to sign up to write for ac. Anyway here's my referral link so you can check it out okay. http://www.associatedcontent.com/join.html?refer=30606 Hope this helps you some.
@sweetsue (759)
• Philippines
19 Apr 07
http://www.bizquest.com/ Hi Nikka, maybe the above site could be of help to you. Me and my college classmates are planning to venture in business as well. We plan to put a mini grocery store in the next 3 months. Goodluck!