Homework Help

What business would you start with $1,000? If you were given $1,000 today to start...

user profile pic

robert201 | Student, College Freshman | eNotes Newbie

Posted May 4, 2011 at 7:25 AM via web

dislike 1 like
What business would you start with $1,000?

If you were given $1,000 today to start a new business, what business would you start?



____________________________________

ALFREDO PIACENTINI

 

Tagged with business, discussion

6 Answers | Add Yours

user profile pic

pohnpei397 | College Teacher | (Level 3) Distinguished Educator

Posted May 4, 2011 at 7:45 AM (Answer #2)

dislike 0 like

In the United States, at least, I believe that there's not a whole lot that you could start with just $1,000.

If I were going to try to start a small business, though, I would try to start one that would deliver homemade baked goods to people at work.  I would make cookies and brownies and such and deliver them daily to people who ordered them.

user profile pic

brettd | High School Teacher | (Level 2) Educator Emeritus

Posted May 4, 2011 at 2:04 PM (Answer #3)

dislike 0 like

Funny you should mention that, though my startup is more in the $3000 range.  I live in wine country, and am purchasing grapes and barrels to produce about 60 cases.  If all goes well, which is a two to three year "if", I would continually roll profits back into the purchase of more grapes.  If it fails miserably and all I can do is make spaghetti sauce with the wine, then I'm not really out that much money.

user profile pic

justaguide | College Teacher | (Level 2) Distinguished Educator

Posted May 4, 2011 at 8:34 PM (Answer #4)

dislike 0 like

It would be possible to start an on-line retail business with $1000. Though the amount is very limited, on-line retailing requires little to be spent in fixed costs. One does not have to maintain a large inventory, actually buy products before customers order them, or spend money as rent for a physical shop. This is one of the reasons why there are thousands of on-line stores now and many hundreds get added to the list daily.

To succeed with a on-line retail business is a different matter altogether and requires the same if not more skill and effort than a regular store.

#3: I'd love to become one of your first customers, though it would depend to a large extent on whether I'm able to afford your wine!!

user profile pic

malika786 | Student , Grade 11 | Honors

Posted May 11, 2011 at 7:57 AM (Answer #5)

dislike 0 like

i would think a lot and then take the decision before starting the business ...........firstly i would start a small business with a high margin and then distribute the amount equally for sales and purchases etc.......and then invest money for the progress of my business...:)

user profile pic

malika786 | Student , Grade 11 | Honors

Posted May 11, 2011 at 8:00 AM (Answer #6)

dislike 0 like

profit is a reward of risk taking.............:)

user profile pic

booboosmoosh | High School Teacher | (Level 3) Educator Emeritus

Posted June 29, 2011 at 4:11 PM (Answer #7)

dislike 0 like

I think if I were to be given a thousand dollars to start a business, though it would not go far, I would try to bake/make especially decadent cupcakes, cookies and candies to sell in little shops in and around our small town. We live in a community where old shops are still in business, along with the new, and people come on weekends to walk the sidewalks, shop and eat. Because I already have a great deal in my kitchen that I could use to produce the food, I could spend more money on ingredients and maybe some research to find ways to appeal to a moderately untapped market (on a small scale): all natural, whole-grain goodies that use alternative ingredients to taste good, keep calories down, and be of benefit of good health. If I got things started locally in small eateries, I might even be able to branch out to local farmer's markets during the warmer seasons.

Join to answer this question

Join a community of thousands of dedicated teachers and students.

Join eNotes