$2000 - Need Ideas

**zharlene** · 06-13-2008 06:38 AM

In a few months, my business partner and I want to start yet another venture (we already have one that we started almost a month ago but we want to start a 2nd one because we have quite a bit of time on our hands).

We're willing to spend $2000 as a start up capital...but we don't yet know what we should do with it.

Anyone's got an idea on the best way to spend the money to make a profit?

- Should we just use the money on our current venture
- Should we start something new
- Should we buy someone else's business (esp. if they're willing to sell it to us for that amount)

Thanks for your help!

**rossco1** · 06-13-2008 07:50 AM

Few factors to consider...

How's your current business doing? Can you invest this money and expect further growth??

How much extra time do you have?

In regards to ideas... not sure what response you will get here...

Maybe you and our partner should do some problem analysis and brainstorming to establish ideas within your interest areas / specialties?

Be careful buying a business for $2K... I'd be very wary... definitely would recommend checking out the numbers thoroughly before jumping in...

**zharlene** · 06-13-2008 09:52 AM

Thanks for your reply, rossco1.

How much time do I have? Well...I'm currently a uni student and will be on summer holidays in 2 weeks...so I can do "full-time" for about 2 months until the start of the new semester.

We have considered putting in the 2K for the new venture we just started, but we're also considering other things that are more "hands on" for some quick profit that will go into funding the venture I mentioned.

**rossco1** · 06-14-2008 05:37 AM

Ok mate..

Well look.. good to see you have plenty of time.

I do think its hard to turn a quick profit in 2 months without a killer idea satisfying a current problem.

Have a deep think into the problems within your area / uni.

Something Uni related might be ideal, do you have a strong relationship with a large number of your peers at uni ?

I'm only thinking at the moment.. Party Promoting..

But of course... you must posses/learn certain characteristics to be successful in that industry.

I have a question.. are you based in US? If you are... do students go home during summer break? or stay at their campus based apartments?

**Davalcim** · 06-14-2008 05:59 PM

Hello,

If the current business has potential I think you should focus on your current business and invest in it.

I really believe this is exactly what all entrepreneurs have to break through to get to the next level. Entrepreneurs by nature I find have minds that are constantly looking for new ideas. The problem with this is if you don't focus long enough on your current venture to make it really work, you will just keep jumping from idea to idea and none of them will truly evolve

Now when I am working on a new venture I focus only on that venture and when my creative mind wants to wander I just let it wander on how I can better this current venture. Or what different road I can take it.

I struggled with this myself for many years.

Any way, best of luck
Daniel

**freetibet** · 06-15-2008 07:03 AM

If all you have is 2000 i'd say invest in what you have now. but if you don't think you could get much out of that you could try buying a website or some stocks.

If you want something to generate income i'd reccomend you look into istar (symbol is SFI) which appears to be coming out of a slump and has a very very high dividend yield. but don't take my word for it.... don't want you buying a stock on my opinion that ends up going bankrupt