If you had 90 to 100k to start a business.....

**Southern_Lenders** · 06-14-2010 01:42 AM

Would you buy a franchise or start your own gig?, and what would it be?. This is a serious question.

Thanks.

**Carlos™** · 06-14-2010 01:57 AM

Start your own gig. I am starting one.

But I am not lucky like most of you with more money to spare.

**Southern_Lenders** · 06-14-2010 03:08 AM

Well it was College money, set aside by my grandfather when I was born. I use that money as my only source of income for now, and College tutition which isnt much at all. Just wondering what others would do.

**KyleXY** · 06-14-2010 04:25 AM

I am not the franchise type so definitely personal project all the way. As for what I would use it on, I don't really have anything concrete yet as previously mentioned, so I can't help you there. Seems like you've posted several ideas on this forum already. Why not pursue something you like?

**Carlos™** · 06-14-2010 04:26 AM

Originally Posted by Southern_Lenders

Well it was College money, set aside by my grandfather when I was born. I use that money as my only source of income for now, and College tutition which isnt much at all. Just wondering what others would do.

Nice inheritence check you got there.

As for college money - I'm going to do that once fall comes. Before, I used it to pay for upgrading computer stuff. I still need to do more....but I plan to buy new properties with the money left over. Right now, I have a lot of money to pay with regards to business.

It was easier for me to find a job in 2002 than it has been since 2004/5 - 2008 being when the recession started to get hit hard, and right now its not as easy as it was in 2007.

**KyleXY** · 06-14-2010 04:54 AM

Originally Posted by Carlos™

Nice inheritence check you got there.

As for college money - I'm going to do that once fall comes. Before, I used it to pay for upgrading computer stuff. I still need to do more....but I plan to buy new properties with the money left over. Right now, I have a lot of money to pay with regards to business.

It was easier for me to find a job in 2002 than it has been since 2004/5 - 2008 being when the recession started to get hit hard, and right now its not as easy as it was in 2007.

The recession actually hit in the fall of 2007 although it's more widely recognized for 2008. If you have a business that is running and bringing in revenue, why are you looking for a job? Or is the business expenses exceeding revenues?

**Carlos™** · 06-14-2010 03:01 PM

Right now, the business is not bringing in the revenue, yet. I need to put in the infrastructure to have the revenue. I don't have money to launch a few websites that have high potential of visitors - and I'm in the process of purchasing a few websites (I call them properties) to help aid the growth of the company's readership, viewership, and revenue. But my business fees has been piling up recently, and its been pissing me off and disheartened. What makes matters worse is that I went to a bank that I used to bank with, and applied for a loan - I wouldn't have gone there if I had faith that it would be approved. Hey, that's life. Eh? -_-

**CollegeENTREPRENUER** · 06-14-2010 03:32 PM

definitely do not franchise. They take a huge chunk out compared to just taking the hit for the first few years as being a completely unique business. Honestly, if i had something like that I'd probably start an online business and transition it into a brick and mortar eventually, because that wont get you much for a solid brick and mortar startup.

**Southern_Lenders** · 06-14-2010 04:38 PM

Seems like starting from the ground up is the way to go, at least from what i hear so far. I feel like I have the resources, but the problem is I don't really have the knowledge, or know of anyone that would like to partner with me to split the risk/ responsibility. To Kyle: yes I have many ideas, some I share here on YE, some I don't, but for the most part they're ideas I'll probably never act on due to the complexity, lack of funds/ knowledge, and lack of true passion in the idea.

I did like the idea I had of renting out some self-storage space and starting my own little warehouse business, but I hit several dead-ends when brainstorming, which made me realize thats probably why others havnt done it yet.

I dunno...I love real estate, but not sure how to get started..something like that you need a partner..or at least it would be nice.

**CollegeENTREPRENUER** · 06-14-2010 04:54 PM

partnering is not the best option, in fact I would avoid it. I do not like partnerships. You could start a small holdings company, purchase a house, rebuild it, flip it, and slowly grow, then purchase some housing in a growing college town and sit on it till you make your investment back. Take small steps, no need to blow up right away.

**KyleXY** · 06-14-2010 05:08 PM

Originally Posted by Southern_Lenders

Seems like starting from the ground up is the way to go, at least from what i hear so far. I feel like I have the resources, but the problem is I don't really have the knowledge, or know of anyone that would like to partner with me to split the risk/ responsibility. To Kyle: yes I have many ideas, some I share here on YE, some I don't, but for the most part they're ideas I'll probably never act on due to the complexity, lack of funds/ knowledge, and lack of true passion in the idea.

I did like the idea I had of renting out some self-storage space and starting my own little warehouse business, but I hit several dead-ends when brainstorming, which made me realize thats probably why others havnt done it yet.

I dunno...I love real estate, but not sure how to get started..something like that you need a partner..or at least it would be nice.

Yeah, great ideas are difficult to come by. Ideas you are extremely passionate about are often hard to come by as well. Many believe they like it but in fact they're not passionate enough from what I've seen. Great ideas that you can also be passionate about are extremely rare and takes time to find sometimes. There are lots of great ideas out there, but not necessarily ideas I would want to pursue mostly because of the passion for it, or there lackof.

Originally Posted by CollegeENTREPRENUER

partnering is not the best option, in fact I would avoid it. I do not like partnerships. You could start a small holdings company, purchase a house, rebuild it, flip it, and slowly grow, then purchase some housing in a growing college town and sit on it till you make your investment back. Take small steps, no need to blow up right away.

Partnerships make sense for certain things and not so much for others. For real estate, definitely not necessary.