Best business to start on £15k
Best business to start on £15k
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Discussion

Leicesterdave

Original Poster:

2,288 posts

211 months

Sunday 15th June 2014
quotequote all
My partner has been ill for some years but for the past year has felt much better and would love to start a business.
I see her every day despairing, not knowing what to do with herself and just lacking that confidence to do something.
I'd ideally love to work with her but can't- I just have to keep my steady job to keep that roof over our heads.

Any pointers? Any good starting point?

spikeyhead

20,635 posts

228 months

Sunday 15th June 2014
quotequote all
Something that she understands and enjoys.

Wing Commander

2,220 posts

263 months

Sunday 15th June 2014
quotequote all
I'd say the biggest hurdle is lack of confidence. It doesn't matter what business you start (although it could be argued as being easier if you "know your trade"), if you don't have the confidence to pick up the phone to try and win a new contract etc, then it is just another hurdle you have to overcome to become successful.

Has she any previous experience being "let off the reigns" with regards to business or working for herself?

In addition to this, I think you could start in virtually any sector with £15k. I started my business for 4k off the back of a 0% credit card, and haven't looked back. In fact, I am piloting a few other micro-business ideas with the aim of seeing what I can do for sub 1k, maybe less.

If you have any specific questions, pop them up. Specific questions will give you specific answers - vague ones not so.

All the best!

Leicesterdave

Original Poster:

2,288 posts

211 months

Sunday 15th June 2014
quotequote all
Wing Commander said:
I'd say the biggest hurdle is lack of confidence. It doesn't matter what business you start (although it could be argued as being easier if you "know your trade"), if you don't have the confidence to pick up the phone to try and win a new contract etc, then it is just another hurdle you have to overcome to become successful.

Has she any previous experience being "let off the reigns" with regards to business or working for herself?

In addition to this, I think you could start in virtually any sector with £15k. I started my business for 4k off the back of a 0% credit card, and haven't looked back. In fact, I am piloting a few other micro-business ideas with the aim of seeing what I can do for sub 1k, maybe less.

If you have any specific questions, pop them up. Specific questions will give you specific answers - vague ones not so.

All the best!
Thanks for this. I'm thinking starting the business from home would be best for her. I'd obviously prefer she spends nowhere near the £15k! In terms of the specific questions I'd sort of like some suggestions of good business ideas to start at the mo.

She's into gifts- so starting an online gift shop and selling on amazon seems good but I'm worried about the amount of competition. Same with any business I guess?

Dejay1788

1,314 posts

160 months

Sunday 15th June 2014
quotequote all
What about selling on line from home? E-Commerce. You can easily set her up a website with all of the E-commerce platforms around these days, and she can sell something she's interested in. You'll need far less than £15K to set her up with, couple hundred and she will be set.


omegac

358 posts

250 months

Sunday 15th June 2014
quotequote all
Lots of programmes these days about people buying crap and selling antiques. Does she have an interest in anything particular that she could buy from auction houses, tut shops etc and with some TLC sell for a profit online maybe?

singlecoil

35,864 posts

277 months

Sunday 15th June 2014
quotequote all
In my opinion she needs to find something to offer beyond stock that anybody can and does buy then tries to sell on eBay etc. Buying and selling is easy, especially with the Internet and it being so easy to compare prices. So because it's easy lots and lots and lots of people are doing it and the best way to sell against them is to be the cheapest, and make no money or even lose it.

One possibility is for her to learn book-keeping, wages that sort of thing and offer her services to small businesses such as one might find on a trading estate. Once she has the necessary skills then selling them is easy too, just call in to a business and say "just dropping my details off in case my services might be of use in the future".

madmover

1,785 posts

215 months

Sunday 15th June 2014
quotequote all
spikeyhead said:
Something that she understands and enjoys.
Exactly this!

Leicesterdave

Original Poster:

2,288 posts

211 months

Sunday 15th June 2014
quotequote all
It's hard to know what to say to her! She likes catering too but to me that it too risky, plus affording the premises is another matter.

Online would be the way to go- but what do people want?!

anonymous-user

85 months

Sunday 15th June 2014
quotequote all
madmover said:
spikeyhead said:
Something that she understands and enjoys.
Exactly this!
+1

Make it something she is really keen on.

“Choose a job you love, and you will never have to work a day in your life.”
― Confucius

DSLiverpool

16,577 posts

233 months

Sunday 15th June 2014
quotequote all
Can she talk and to find groups of old people - if so she can sell them self monitored phones for £99 a go making £50 for 30 mins per home.

Leicesterdave

Original Poster:

2,288 posts

211 months

Sunday 15th June 2014
quotequote all
Gifts/Vintage items is where she's at!

singlecoil

35,864 posts

277 months

Sunday 15th June 2014
quotequote all
Leicesterdave said:
Gifts/Vintage items is where she's at!
Well, there you go, as long as she doesn't need to make any money she'll be fine.

CHIEF

2,270 posts

313 months

Sunday 15th June 2014
quotequote all
DSLiverpool said:
Can she talk and to find groups of old people - if so she can sell them self monitored phones for £99 a go making £50 for 30 mins per home.
I used to sell Amplicom type of phones but I'll be honest it was (for me) a disaster, Someone rung me and pointed out to me that why should we buy your nice shiny big button phones when we can buy a cheap one from Argos for 15 quid. Tbh despite my arguments over quality etc they were having none of it.

Leicesterdave

Original Poster:

2,288 posts

211 months

Sunday 15th June 2014
quotequote all
singlecoil said:
Well, there you go, as long as she doesn't need to make any money she'll be fine.
Well we can't afford for her to be losing money!!

BoRED S2upid

21,130 posts

271 months

Sunday 15th June 2014
quotequote all
Leicesterdave said:
Gifts/Vintage items is where she's at!
Weddings? Women spend a fortune on weddings trying to make their big day different.

DSLiverpool

16,577 posts

233 months

Sunday 15th June 2014
quotequote all
CHIEF said:
DSLiverpool said:
Can she talk and to find groups of old people - if so she can sell them self monitored phones for £99 a go making £50 for 30 mins per home.
I used to sell Amplicom type of phones but I'll be honest it was (for me) a disaster, Someone rung me and pointed out to me that why should we buy your nice shiny big button phones when we can buy a cheap one from Argos for 15 quid. Tbh despite my arguments over quality etc they were having none of it.
Ones that dial friends / relatives in an emergency and set up in your home for no extra cost - Argos won't / can't do that and quite a few people make decent money from it - ones that make decent informed effort and can relate to the requirement.

jammy_basturd

29,778 posts

243 months

Sunday 15th June 2014
quotequote all
Avon?

singlecoil

35,864 posts

277 months

Sunday 15th June 2014
quotequote all
Leicesterdave said:
singlecoil said:
Well, there you go, as long as she doesn't need to make any money she'll be fine.
Well we can't afford for her to be losing money!!
Then I suggest you leave the buying and selling thing well alone, unless you have a way of getting the stock cheaper than everyone else. To succeed by buying and selling, you need some kind of edge, something your competitors don't have. If you don't already know what your edge is, then you probably don't have one.

CHIEF

2,270 posts

313 months

Sunday 15th June 2014
quotequote all
DSLiverpool said:
Ones that dial friends / relatives in an emergency and set up in your home for no extra cost - Argos won't / can't do that and quite a few people make decent money from it - ones that make decent informed effort and can relate to the requirement.
Are the Amplicomms ones best for this?

Do you offer traders discount?

Pm me if you prefer.