what would u do if u had 100 000 dollars?
October 10, 2006 5:21pm CST
i often thought a lot about how to make money for a decent life and not only for survival,maybe also because i come from a poor country and a normal sallary is misery...but then i realised that even if i could somehow find some money to start a buisness i wouldn't have any idea what to do with them..so i come up with the question:what kind of buisness would u start if u had the chance?what kind of buisness do u think it would work in our days?who knows,maybe we can make something out of this:)
2 people like this
15 Oct 06
Firstly the said amount can only cover my family need for about five years and secondly if i got that kind of money for sure I will take chance to invest on somethings that I feel it have better chance compare to leave on bank and some for my own business cashflow and probably I will buy some assets if I stil have sufficient fund left. I f you really think about doing some business you can try on just any kind of business that request small amount on start up as to ake some real lessons on business world. My advise was look on those really easy and you are interested as your start and from there take your chance to learn anything you could.
14 Oct 06
i would start me a small business and the rest would be going to the bank, i think an internet cafe will do for me at least i have a little knowledge about computers and softwares then i would expand for another branch just incase this wishful thinking will be realised. my place/country too gives small sallary and very hard to find job..... greetings. : )
17 Oct 06
You don't need $100000 to start a business. I started mine for under $1000. I have mine in the bank at the moment. I want to invest it but i might have to buy a house next year and ill need the money. If i had another $100000 i would start buying houses in the states. They are getting great rental returns over there. The stock market is also a good investment so long as you wont need the money for 5 -7 years. Happy spending
17 Oct 06
I don't know in what country you live. I do know that no matter what country you are people need to eat. Whatever business you decide on, make sure you do your market research beforehand. Know your competitor. That is the first thing you do. When you know those two things. you can decide where you will start your business. eg: If the neighbourhood where you wanted to market beef was comprised of people who don't eat meat, well, that just wouldn't work out. The products or services you want to market need to relate to your potential customers. The rest you have to figure out. You wouldn't want to waste any of that $100,000.00. That would be regretful.
17 Oct 06
well,u seem to work in marketing:)..i might have better ideas if i also had that kind of money..thank your for your answer,i will consider it even if it is for a small buisness...and till then i must think how to get the money for it because here its hard to get a good job,unfortunately
• United States
15 Oct 06
With that amount of money I could pay off all of my debt, including the mortgage, which is the biggest debt by far. Then I would feel as though perhaps I had found that magic reset button I fantasize about, at least in terms of money. Any remaining money might go toward home improvement or a new car, or saving for next year's private school tuition for my son.