If you were given $1,000 today to start a new business, what business would you start?
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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.
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.
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!!
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...:)
profit is a reward of risk taking.............:)
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.
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