Help on starting a small capital business
12 Sep 07
Hello Crystal30. Welcome to myLot. Mind if I ask you what is your profession? For I would suggest that it would be best to start a business that is in line with your profession. This way, you may at least have an idea of the ins and outs of it.
14 Sep 07
I am now working as a programmer. Actualy, I'm planning to have my own internet cafe before but I have to have at least 5 pcs to start and it will cost me a lot. I would like to start a business for about 50,000 pesos so that I can have additional income to save for my future.
• United States
10 Oct 07
For maybe 500 dollars you can buy a vending machine and negotiate with a local store owner if you can put it in their store and share profits 50-50. If you make 50 bucks a month (very realistic, that's about three or four sales of a dollar a day) then you'll pay off your investment in less than two years and then from then on you'll have a steady income of 50 bucks a month. If you bought multiple vending machines for an investment 2000 then you'll pay off in two years but then make 200 bucks a month. This is one of the easy ways to build up a passive income (read more here: http://www.bizcovering.com/Business/The-Essentials-of-Building-Passive-Income---.49973