The £100 business start up challenge 2013-2014

[Frimley111R]

Back by popular demand! Following on from another thread and some positive comments about starting this one, I have set up the £100 business challenge thread here. This amount was selected as offering more options/diversity to start up compared to using smaller amounts. The ‘challenge’ is simply to make as much money as you can from £100. We have had a few successes in the past and hopefully we'll have a few more this time.

So that we can generate as diverse a type of businesses as possible the rules will be minimal but should:

1. Not involve just gambling the money as this is not in the spirit/is not the intention of this thread
2. Not be part of your normal day job, it should be something new but it can be in the same industry
3. Be something you do on your own, i.e. do not join with others to pool your money
4. Not involve selling something you already own

The challenge is £100 per business/idea therefore if you have 3 ideas you can try all of them as long as you stick to the £100 budget for each one.

That’s about it but if there are any other obvious points to add above from later posters I will add them in here.

In line with posters on here the challenge will start on 5 November 2013 and finish on 1 March 2014.

As this is a fairly informal challenge there is no requirement to have you results verified. If you say that you generated X by doing Y then that's good enough.

So, you’ve got £100. What are you going to do………?

[Frimley111R]

mondeoman said:

If you build a website, get orders off the back of that but the cost to build the product before you sell it exceeds the £100 budget, are you excluded from the challenge?

Yes.

[Frimley111R]

mondeoman said:

Frimley111R said:

mondeoman said:

If you build a website, get orders off the back of that but the cost to build the product before you sell it exceeds the £100 budget, are you excluded from the challenge?

Yes.

ah well

...but keep us informed how it goes anyway.

[Frimley111R]

[Frimley111R]

dai1983 said:

Recently bought a 100k miler 1.7 Ford Puma with a non running engine for £100. I have thought about sorting the engine but by the time I mot and tax it too I think I'm better off breaking it on ebay. Does that count?

Yep, it certainly does.

[Frimley111R]

Welshbeef said:

How about buying broken Dyson hoover buying loads and making good ones from broken ones.

Not sure if you know but someone did this on the last challenge.

[Frimley111R]

SmuttyYoda said:

How about if you could get hold of a 'spares or repairs' scooter, repair, then sell?

As long as it costs less than £100.

[Frimley111R]

Sounds like a good idea. A friend's wife use to do some great things with furniture in just the same way (but just for herself, not to sell).

[Frimley111R]

Bump

[Frimley111R]

Wing Commander said:

When is the cut off again?

1 March 2014

[Frimley111R]

Hoofy said:

OlberJ said:

Currently ForEx trading.

£10 in to start, paypal fees and a dodgy trade sees me at £8.74.

Plan to be back over the £10 by Friday and then upping to the £100 by the end of the month.

It's slow but it's fun!

No gambling allowed.

Yep, see point 1 of the first post on this thread.

[Frimley111R]

[Frimley111R]

Well any business, whether starting up or not has a few failures. As long as there are some successes..

Good work changing strategy and looking for group buys. Perhaps you could do F1 cars?

[Frimley111R]

Bump

[Frimley111R]

So? How did everyone get on?