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en·tre·pre·neur –noun Entrepreneur, translated from its French roots, means "one who undertakes." The term Entrepreneur is used to refer to anyone who undertakes the organization and management of an enterprise involving independence and risk as well as the opportunity for profit.
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Young Entrepreneur Forums » Business Start up phase » Business Planning » What would you do with $5,000...



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Old 01-11-2008, 12:07 AM   #16 (permalink)
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Originally Posted by ltressel View Post
Are you kidding me???? He won't have any left of his $5K. You should refrain from suggesting stupid things just so you could find an opportunity to display your signature.

LT
...glad to see were supportive and positive! Keep up the great work!

Los Angeles to Beijing $ 772
San Francisco to Shanghai $ 854
Washington to Beijing $ 1104
Chicago to Shanghai $ 988
Los Angeles to Guangzhou $ 812

Holiday Inn Beijing is
560.0 Chinese Yuan Renminbi = 77.12882 US Dollar Per night, 10 nights = $770

So far were at $1,758 this is just a top level look. There are always people who say why you cant. Which is strange, I didn’t thing there would be many on these boards...
This is something I’d like to do, and I don’t believe requires a huge start up costing. If you do your research, talk with some suppliers and manufactures before you go. Have your agenda set and stick to your goals, you could get a lot of mileage out of a trip like this.
Or, possibly you’d spend all your 5k and I should refrain from suggesting stupid things.
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Old 01-11-2008, 02:28 AM   #17 (permalink)
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Personally If I knew then what i know now, I would start a business. I got a 1% interest loan 30K at a young age, everyone at the Academy did and although i did not waste it (I was young but not so dumb) I invested it in the stock market (day trading), IRA and mutual fund investments, real estate down payments, car down payment, and paid off bills while some of my fellow classmates spent theres on buying a nice fancy car and other dumb stuff. Now I will say i made decent decisions but if i could do it over I would buy more real estate and start a business (most likely internet). No matter what you decide to do make sure that you let your money make money for you not take money from you...
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Old 01-11-2008, 03:53 AM   #18 (permalink)
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If I have that money, I'll would put the 75% in the bank and the remaining will finance my start-up business. The business I'm good and interested in..
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Old 01-21-2008, 01:29 PM   #19 (permalink)
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Recessions aren't the best time to invest. Buy some books and take some courses to help you lose the dumb. Accounting and business courses, Micro and Macro economics would be good. Computer programming courses are invaluable.
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Old 01-21-2008, 01:47 PM   #20 (permalink)
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If you're out there LOOKING for a place to invest or spend the money or for a business to start, you're likely not going to find the best opportunity, because you're putting a priority on time (finding it NOW) rather than quality (finding the best opportunity for my dollar).

When the right opportunity or idea comes along, you'll know it, and you'll know it because it will likely be in an area that you are familiar with and enjoy.
Ditto. Otherwise you are ripe for a scam artist. Sit back, relax and just keep your ears and eyes open.
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Old 01-21-2008, 10:28 PM   #21 (permalink)
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Recessions aren't the best time to invest.
That's a generic statement that is mostly incorrect. It all depends on what you are investing in. If anything, I want to argue that recessions create plenty of opportunities.
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Old 01-21-2008, 10:42 PM   #22 (permalink)
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That's a generic statement that is mostly incorrect. It all depends on what you are investing in. If anything, I want to argue that recessions create plenty of opportunities.
I'll go ahead and hop in your boat. With stocks, as one example, recessions are the BEST time to buy. Ever heard of "buy low, sell high?!" Don't believe me? Try taking Warren Buffet's word for it.
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Old 01-22-2008, 06:10 PM   #23 (permalink)
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I agree as well. "buy low sell high"
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