The Best Start Up Idea For 2009/2010

**givemevor** · 06-25-2009 03:33 AM

Hey hows it going! I recently inherited a good amount of money and I am interested in investing it in a start up so i can run a business. My question is with a good amount of money, what would be the best start up for this time period/near future.

examples- tanning salon, gym, online business to consumers.

-Joe

**Lambo** · 06-25-2009 01:30 PM

if i were you i would go into real estate investing, check out this link for starters.

Business, Bling and; Brains: 12 Keys to Finding a Boom or Bust Town Part 1

part two is also up there as well

**BALLERMODE** · 06-25-2009 01:39 PM

Your examples are all pretty different. What is your background, what is your passion, and how much are you looking to invest?

**jonathanfigaro** · 06-25-2009 01:44 PM

Originally Posted by givemevor

Hey hows it going! I recently inherited a good amount of money and I am interested in investing it in a start up so i can run a business. My question is with a good amount of money, what would be the best start up for this time period/near future.

examples- tanning salon, gym, online business to consumers.

-Joe

It could cost up to hundreds of thousands of dollars if you plan in opening up a store..

**rogercbryan** · 06-25-2009 02:02 PM

You need to invest in green technology and/or in smart phone development/sales. Those are the two biggest growth industries for the next 10 years. Not sure how much you inherited but these will both take substantial amounts of money.

**AceMile** · 04-16-2010 01:58 AM

If I have the right amount of money, I would prepare to have a business tanning salon because I know there are not a lot of competitions of this firm. However, it depends on you which you know you can apply your knowledge in a certain business.

**Tzarkov** · 04-16-2010 07:41 AM

Ideas have a value. Lots of it.

People with good ideas won't give them away for free, this thread is pointless.

**Crysco** · 04-16-2010 09:42 AM

Speaking in general most people work at a job first. Then they decide to work on their own and usually wind up being self-employed. Self-Employed is good but your not really in business until your project is making money and growing on its own, whether you are there or not. Once you successfully own a business that operates on its own with some guidance from you, the next step is typically to become an investor. Investors will make their money work for them, whether its investing in other business's, real estate, the stock market, or other areas where they might feel comfortable.

If you can afford to skip some steps and go right into business then you have some advantages, but you need to be careful. It is very easy to spend all of your money on projects that don't work. Make sure you choose a market that you know will be around, and find good people to work with you. Every business needs good people and they can be hard to find. Make sure you understand your market, know what you need from every person you work with. Whether you have a partner or employees the structure is the same, know what each persons role is.

Some good ideas:

Self Storage- Start up costs will be expensive, but once it is set up you only need a couple of people to help you run it. This will also get you started in real estate depending on where you are located and how you build it.

Land in general- Especially parking or an open pad. You would be surprised how many organizations need a place to run events/promotions or perform various testing it would be easy to rent out a good size site. I would look into the needs of your geographical area. Function halls are also beneficial.

Advertising- Everyone is looking for inexpensive ways to get their business noticed.

Going Green- As stated above by another poster, there are numerous opportunities for this, and its only going to get bigger now is the time to get in.

My business instructor told me to get into a service industry, don't become a want, become a need.

I hope this helps provide some insight. Just remember it all depends on you and what you want to do. Business's can be started on a shoe string budget, and there is good reason to start that way even if you have the capital to go all out.

**DeonKrey** · 04-20-2010 04:04 AM

Originally Posted by Crysco

Speaking in general most people work at a job first. Then they decide to work on their own and usually wind up being self-employed. Self-Employed is good but your not really in business until your project is making money and growing on its own, whether you are there or not. Once you successfully own a business that operates on its own with some guidance from you, the next step is typically to become an investor. Investors will make their money work for them, whether its investing in other business's, real estate, the stock market, or other areas where they might feel comfortable.

I'm on your side. Sometimes it's better to experience the "real world" first by working with someone else's business and then once you've already gained enough knowledge and already found where you really fit in, that's the perfect time for you to invest your own small and simple business. Make sure you start with 1 concept first (consider your most expertise and one that you're passionate about) and build value in it by contributing good articles, meeting new people, expanding your networks and then building your product.