£500

[Stevenj214]

If you had £500 to set up a business tomorrow, what would you do?

[V8mate]

Professional wine taster

[V8mate]

It IS Sunday tomorrow, after all!

[pgilc1]

Personally, i'd buy a car with it. Buy for £500, sell for £650. Repeat.

I'd stick to cars below £1000 though.

[Mattt]

pgilc1 said:

Personally, i'd buy a car with it. Buy for £500, sell for £650. Repeat.

I'd stick to cars below £1000 though.

Like PH did, then they lost a load!

[Mattt]

As for the OP, eBay type business maybe?

[SystemParanoia]

I did it with £700 in the bank and a cheap £50 computer as an asset.

6 mths down the line things are just turning for the better, great

[pgilc1]

Mattt said:

pgilc1 said:

Personally, i'd buy a car with it. Buy for £500, sell for £650. Repeat.

I'd stick to cars below £1000 though.

Like PH did, then they lost a load!

I did it for a few years. Maybe sold 500 cars in all. only lost money on 2. Harder times now though.

[shadowninja]

£500 isn't much! You'd have to stick to something you know well as that'd hardly pay for any training.

[paoloh]

Stevenj214 said:

If you had £500 to set up a business tomorrow, what would you do?

A cleaning company. Start of with just the basics. you can do that for £300 easily.

[shadowninja]

paoloh said:

Stevenj214 said:

If you had £500 to set up a business tomorrow, what would you do?

A cleaning company. Start of with just the basics. you can do that for £300 easily.

£200 for leaflets?

Why are all the suggestions manual labour ones? I know what I could do, service industry-wise, if the £500 was mine but they'd all be down to prior experience and training so for a novice, not possible. Any non-manual labour ideas?

[paoloh]

shadowninja said:

paoloh said:

Stevenj214 said:

If you had £500 to set up a business tomorrow, what would you do?

A cleaning company. Start of with just the basics. you can do that for £300 easily.

£200 for leaflets?

Why are all the suggestions manual labour ones? I know what I could do, service industry-wise, if the £500 was mine but they'd all be down to prior experience and training so for a novice, not possible. Any non-manual labour ideas?

Henry hoover = £100
Mop Bucket = £40
Chemicals = £30
Direct cold calls = Free if you sort out package with phone provider.

Most people know how to clean. ( I said Most )

[Stevenj214]

A little bit more background - this is a university challenge. We will have £500 to start up a business and all profits in the first year go to charity. Being students, it would also have to be something that can be run part time or ad-hoc.

We have a couple of ideas, there are a couple that may be worth thinking about in here and any others would be great too.

[V8mate]

Stevenj214 said:

A little bit more background - this is a university challenge. We will have £500 to start up a business and all profits in the first year go to charity. Being students, it would also have to be something that can be run part time or ad-hoc.

We have a couple of ideas, there are a couple that may be worth thinking about in here and any others would be great too.

I reckon it could be an exciting time playing the share market at the moment. Could create a huge multiple of your original investment if you're canny.

[pgilc1]

V8mate said:

Stevenj214 said:

A little bit more background - this is a university challenge. We will have £500 to start up a business and all profits in the first year go to charity. Being students, it would also have to be something that can be run part time or ad-hoc.

We have a couple of ideas, there are a couple that may be worth thinking about in here and any others would be great too.

I reckon it could be an exciting time playing the share market at the moment. Could create a huge multiple of your original investment if you're canny.

Dont forget the price of shares can go down as well as plummet.

[shadowninja]

pgilc1 said:

V8mate said:

Stevenj214 said:

A little bit more background - this is a university challenge. We will have £500 to start up a business and all profits in the first year go to charity. Being students, it would also have to be something that can be run part time or ad-hoc.

We have a couple of ideas, there are a couple that may be worth thinking about in here and any others would be great too.

I reckon it could be an exciting time playing the share market at the moment. Could create a huge multiple of your original investment if you're canny.

Dont forget the price of shares can go down as well as plummet.

Love it. May I quote that in future?

I did think trade Forex but like I suggested, you'd need experience/training which would come at a price so not something you can just do with £500 and expect to make anything. Mind you, you could... VEGAS TRADE. Go long tonight, £500 on EURUSD. Target profit £500, stop loss £500. Job done.

[cs02rm0]

How much is an ice cream van?

Perhaps the wrong time of year depending on when the deadline is. Maybe drive it south through Europe on holiday. I did hear it costs about 2p for someone selling an ice cream to make it, if that's even close to the truth the markup should be pretty good, if you can find a good spot you'd do well.

Edited by cs02rm0 on Sunday 5th October 12:03

[jazzybee]

Stevenj214 said:

A little bit more background - this is a university challenge. We will have £500 to start up a business and all profits in the first year go to charity. Being students, it would also have to be something that can be run part time or ad-hoc.

We have a couple of ideas, there are a couple that may be worth thinking about in here and any others would be great too.

Computer sales & repair business - Data recovery - Virus & Malware clearups etc. All on Campus, or with a collect and return service.

[paoloh]

Stevenj214 said:

A little bit more background - this is a university challenge. We will have £500 to start up a business and all profits in the first year go to charity. Being students, it would also have to be something that can be run part time or ad-hoc.

We have a couple of ideas, there are a couple that may be worth thinking about in here and any others would be great too.

Organising Nazi piss ups???

[Taita]

jazzybee said:

Stevenj214 said:

A little bit more background - this is a university challenge. We will have £500 to start up a business and all profits in the first year go to charity. Being students, it would also have to be something that can be run part time or ad-hoc.

We have a couple of ideas, there are a couple that may be worth thinking about in here and any others would be great too.

Computer sales & repair business - Data recovery - Virus & Malware clearups etc. All on Campus, or with a collect and return service.

This. The hard part is attracting the business first ime.