if you visit sunbelt business brokers site- there are 100 s of businesses for sale across the country. They list the revenue and gross profit of each one. Most sell at a price of about 1 or 2 times annual sales. Some have 10% gross profit- some up tp 30%. This is imporatnat since the higher the profit margin, the more mistakes you can afford, I was surprised -in surveying this site-that sandwhich stands are quite profitable- don t require highly skilled help- and you get to go home at 5 PM. Maybe $15 000 is too little to buy one that s operating- but I bet you can start one for that amount.offer to work at one for a while to learn the suppliers, the seasonailities, the health inspectors etc. etc.2 things you should NOT do- buy a car or any consumer good, or take a vacation.alternatively- take a course!
Tuesday, August 22, 2006
I have a 15 thousand what the ideal to have a small busniss do but did not waste it? -
First of all : It depend on many criteria s and things plus the most important thing (LUCK) .. 1- What are your experiences ??.. do you have any kind of experience with any kind of job/ careers/ business ?? 2- What is your passion ?? (Yes it is important), at least you will actually love what you will do plus you will learn it and know about it easily and faster .. 3- Investment now is a very hard decision.. Recession everywhere.. and alot of business closes and it is a real tough decision to open or start any business now.. Now practically .. 4- 15 thousand is huge amount of money for small business .. (Never listen to all those who keep talking big about business and money needed (Most of really big guys started with amount less than that ..).. 5- Don t think about anything big.. just think about something with wholesale (Less amount price you invest in ) .. like $1.00 average per piece (yes there is plenty).. 6- and it have to get 200-300% profitability at least .. Idea s ... cell phone accessories, women fashion accessories and jewelleries (I talk about cheap and affordable stuff).. Handbags and purses, sunglasses, etc.... All of those you can get a small kiosk in your mall or a high traffic area .. for less than $1000 rent.. So you still have $14000 left.. and your merchandise shouldn t exceed $5000.. so you will have about $8000-9000 as backup.... i m talking reality.. but first of all you have to think, and study your area/ town/ city as well for those stuff (and other stuff i didn t mention).. My advice go to your mall or the highest traffic area s in your city and start studying the customer s base.. and see for your self.. and never try to take any step now.. all rents now are much high and you will not have enough time to decide what is right for you.. Good luck.. and keep it up..
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