100k for a business

[isee]

So, you have 100k to invest of someone else's money on a 50/50 basis with the investor.
But you get to decide what to invest into.
Can be starting a business form scratch or buying one.

In the current economic climate i don't expect many people to say "a restaurant"

What would you go for?

[Dupont666]

100k from scratch wont get you much if you need to buy things, if its IT related it will go far... baliffs and debt collectors would be the thing to go for in this climate.

But it ultimately depends on what you and your partner have knowledge on?

I.E. you aint going to open up and do consultancy for investment banks when your background knowledge is engineering, blah, blah, blah....

[isee]

Dupont666 said:

100k from scratch wont get you much if you need to buy things, if its IT related it will go far... baliffs and debt collectors would be the thing to go for in this climate.

But it ultimately depends on what you and your partner have knowledge on?

I.E. you aint going to open up and do consultancy for investment banks when your background knowledge is engineering, blah, blah, blah....

Yeah I agree 100k is not a lot but that's the point of the game. if it was a mil, many would just say bank it and move to thailand for a while

So the question is what would YOU go for?

[siscar]

isee said:

So the question is what would YOU go for?

Anyone sensible is going to say something related to what they know, so for me it would be IT related. But if I was my nephew it would be restaurant/hospitality, for my brother in law it would be interior design related etc. etc.

If you don't invest in something you know your chance of losing your money is far, far greater.

[Dupont666]

isee said:

Dupont666 said:

100k from scratch wont get you much if you need to buy things, if its IT related it will go far... baliffs and debt collectors would be the thing to go for in this climate.

But it ultimately depends on what you and your partner have knowledge on?

I.E. you aint going to open up and do consultancy for investment banks when your background knowledge is engineering, blah, blah, blah....

Yeah I agree 100k is not a lot but that's the point of the game. if it was a mil, many would just say bank it and move to thailand for a while

So the question is what would YOU go for?

Bespoke software development specialising in trading platforms, with a little consultancy added in if it was more than 2 of us.

Currently waiting for the above to kick off properly (only been 3 months), enough work for 2, just not 3 at the moment and since they are the main investors, they get the contracts first.

In the mean time im getting as much consultancy work as possible to get the experience of project management and consultant roles.

That answer the question

[crofty1984]

With 100k I'd buy 4-5 LHD cars in the UK (Porsche 911, Maserati, Ferrari 348) and sell them in Italy.
I reckon that's an easy 20k right there.

[Justayellowbadge]

crofty1984 said:

With 100k I'd buy 4-5 LHD cars in the UK (Porsche 911, Maserati, Ferrari 348) and sell them in Italy.
I reckon that's an easy 20k right there.

Good Luck.

Sleep Envy will have bought all Nervy's previous cars and doubled his money before you even get your wallet out.

[Jasandjules]

Find a struggling shop. Try to buy it cheap and turn it around.

[Minnsy]

Online gaming.. re-skin a popular gaming format (bingo for example) and market the hell out of it (but be a little imaginative with how you do this...)

Believe me it works. Cos thats what we do!

Or simple online competitions with guaranteed prizes.... as a means to gather customer data...

Or buy a GT2.

[Reidy10_0]

GM is looking for a buyer

[V8mate]

Reidy10_0 said:

GM is looking for a buyer

What should he do with the other £99,999 though?

Edited by V8mate on Wednesday 10th June 10:18

[john_r]

Reidy10_0 said:

GM is looking for a buyer

Yes, but £100k for GM would be a little overpriced don't you think?

[JustinP1]

john_r said:

Reidy10_0 said:

GM is looking for a buyer

Yes, but £100k for GM would be a little overpriced don't you think?

Yeah.

I think it is about fair for Newcastle United though.

Take into account you will have to cover the large wages of crocked stars as they mope around in the Championship though.

[richyb]

Tree surgery. Business from scratch in another part of London primarily working for councils.

Edited by richyb on Wednesday 10th June 11:32

[jon-]

Everlasting gob stopper.

[Leondrums]

I have a business for sale (Loans, Debt Management, Mortgages Introducer). It was on the market for £225k but I have reduced to £125k or offers iro. It can be run from home, 1 or 2 people and can be built up further relatively easily. I am only selling as I started another business last year which has really taken off and I cant devote time to this one. It has been established 6 years - pm me if you need further info.

[Ade355]

I would create a niche online business marketplace/network for a particular subject matter to which I have lived and breathed for the past 10 years. However the money alone would not be enough, the time and commitment to devote to the idea would be much more important.

[Dupont666]

Ade355 said:

I would create a niche online business marketplace/network for a particular subject matter to which I have lived and breathed for the past 10 years. However the money alone would not be enough, the time and commitment to devote to the idea would be much more important.

50% of the way there... I would say the reputation and client base you have in the 10 years would be just as important as I have seen good people slog their guts out but since they are not really known in the industry as a company then noone will take the risk and touch them.... thats one of the main stumbling blocks

[jas xjr]

Jasandjules said:

Find a struggling shop. Try to buy it cheap and turn it around.

i have done this several times.common sense and some genuine enthusiasm goes a long way

[Dupont666]

jas xjr said:

Jasandjules said:

Find a struggling shop. Try to buy it cheap and turn it around.

i have done this several times.common sense and some genuine enthusiasm goes a long way

Why no simple online store website for you?

It seems a little basic when it could be so much better and could even net you some sales?

Sorry curiosity got the better of me