can I still come in on this?I'll be a week behind due to moving house, but happy to finish at the same end date?

Yes, its just a friendly competition, nothing too serious but you'll need to get a move on, you're 1 day behind already, only 5 months, 30 days left! (ish!)!

I'm still in, but it's looking like my great idea has fallen through...

but I have another one. It's not mega riches by a long way but it could profit, looking into it now...

If you're charging your customer, then I don't see the problem with it... I guess it is down to timings. Ask Frimley - he's the boss!

Nope 98GBP (sorry no pound sign on my laptop) is all that I have paid out of the original 100GBP.

On the plus side, I have two more orders for my product. I'm just waiting for the Paypal invoice to be paid, and then I can update accordingly.

FactoryBacked - E-commerce websites - one cycling related and one motorsport related. To start with...
Shrimper - breaking of a particular sport-specific item and resale of individual parts
Wet Paint - Independent cinema (starting as a small film club)
Hoofy - (1) Health website (2) Porn Pointless YT videos
Mondeoman - Gaming accessories
raw - Skinning Carbon Fibre car parts
OlberParts - Breaking vehicles
Elster - Industry Specific App
InertialTooth45 - Homebrewing
Muppetdave - Making and selling furniture/trinkets from old car/boat/tractor etc.
Alan-87 - Selling ice to Eskimos (until I can think of something better)
ExtraT- I has gone and done me an Englisch thingy.


Update: So I declared my interest while on Holiday. Due to family illness I havent been able to update you guys yet, so here goes.

Business type: Teaching English by any means necessary!

I have placed my adverts in the local paper, advertising two opportunities:

1- Privat English Unterricht (Private English Lessons)

Cost per lesson: varies I have had some interest and a few bookings already!

2- Englisch Abend fur Anfanger, jeden Montag (English evening for beginners, every Monday, cost: 10 Euros, max class size of 10 people).

The idea here is a small class will appeal to the locals. The cost per class is affordable and there are no other lessons of this type in the area. Registration will give it an air of exclusivity/ make the lessons seem more popular. If demand dictates, I can host more evenings like this throughout the week.

Both adverts are due to come out around the 11th of this month, with the first evening on the 15th (due to the short lead time I dont expect to have to many students for the first evening at least, but with a local population of 6,000 this should pick up!) In addition to the local population, Salzburg is two hours from where I live here in Austria, so I can expand. If this goes well, I may even look at doing it on a national scale and start up a franchise as someone suggested in reply to my original post)

Hotels:

Still to come I have the option of selling to hotels. I have written all the course material and now I am starting to arrange meetings with training managers/ hotel managers, however business here is seasonal and the season has just finished. I now have 2.5 months before the Winter rush to hawk my wares in preparation of the season.

Children:

In addition I secured a year long contract teaching a small group of 6-8 children privately- around the ages of 5-7. However the kids have already had a year of English with another teacher who only charged them 5 euros a pop- crap money really. But these lessons are only 45 minutes. So being paid 40euros for 45 minutes work isnt to bad at all!

Online:

I am also toying with the idea of offering English lessons online. There are a number of companies who will source students for me in return for commission- which would at least mean I dont have to spend any money on advertising or worrying about if my online advert makes sense in Vietnamese, japanese, Portuguese etc... but I would lose a percentage of my hourly wage. I could look at starting up my own website and teach online that way- something which is appealing to me at the moment although the advert issue as mentioned above is putting me off a bit. Any ideas on how to get round that?

So here in Austria, if a business makes over 350 euros per week, you must declare it and set yourself up as a proper company. Something I hope to do if this takes off!

So:

So here is whats happened over the last 10 days.

Start up cash: 125 euros (£100 xe.com)
Money spent: 50 Euros (£40)
Money left to spend £60
Money in: 125 euros (£100)
Balance: £160

ETA: If I spend more than the initial £100, will I be disqualified? To be honest I really dont mind going over it if I can turn this into a proper business to live off! I know I wont make huge money but to make 30k, I have to average 100 euros per day for 6 days- teaching for 6 hours a day, thats an average of 16 euros. I think this is realistic and achievable. Even to make 25k, its 13 euros per hour teaching for 6 hours for 6 days.

I forgot to change the currencies on xe.com! i'll edit my post now!

The whole point is to make a business out of it so anything you bring back in over and above your £100 you can spend.

We want success stories here, if it works, go for it!

Do you have to pay tax?

If you can't beat 'em join 'em Hoofy. Start making videos where the housewife answers the door seductively in a risqué negligée, only for the plumber to come in, fix the washing machine, charge a reasonable amount and be on his way.

Porn has warped my sense of reality. The sink has been blocked for day but i'm to scared to call the plumber....