SIGforum
You have $80k to $100K to start a business - go
September 03, 2017, 08:46 PM
Gene HillmanYou have $80k to $100K to start a business - go
I bought a small farm many years ago. It is amazing that there is always something to do to keep me from being bored. It's not a lot of extra income but the land keeps appreciating so it will turn out to be a good investment over time. It's also a nice place to shoot.
September 03, 2017, 09:01 PM
BBMWIn a lot of the country $100K or less would be a decent down payment on a 3-4 family house, especially if it's not in great condition. If your reasonably handy, fix it up, rehab the apartments as they turn over, upping the rents as you do. As your net income goes up, your forcing appreciation of the value. As some point you can have enough equity that you can borrow against it to get down payment for the next one.
September 03, 2017, 09:01 PM
giz55792If we had that kind of money saved and the rest provided by a business loan, the wife and I have always wanted to open in indoor/outdoor go-cart tracks and shooting range.
September 03, 2017, 09:02 PM
FredwardTake it to a broker and invest it wisely. Spend your time and effort improving your health and relationship with your significant other. Or get a job.
September 03, 2017, 09:21 PM
TBHA few years I looked into buying a campground. Has a lot potential, but I backed out for two reasons.
1- wife was freaking out over using our home and retirement as collateral.
2- it seems a lot of owners run two sets of books. One showing a good profit, and the other...
The idea of working 9 months a year, mowing grass, miner repairs, building something up then selling was appealing, but decided to pass.
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September 03, 2017, 10:20 PM
Silentquote:
Originally posted by signewt:
One lively old timer I met years ago was running his own popcorn popping business. From what he said at the time, that it was the best gig he had ever discovered.
Not only was his popcorn the best, he was running it in a very unique mobile popper: it was a Model A to the rear of the front door, and a special sort of spiffy brass/copper corn popper in the rear, highly visible and part of the draw for his advertising. He said he made enough in his season to take 'most of the year' off and go sailing or luxury cruises.
His authentic custom rig was small enough footprint to fit anywhere and jump the curbs as needed such as to pull into areas in front of venue entryways while being a welcome distraction for most of the crowd. He could travel neighborhoods and pull in at any convenient parking spot, ready for action.
One grannie I met in Vancouver BC had a little 1948 Morris ice cream bar van. Just big enough to stick her arm in from any side to get the order. We talked at length. She said in her then-27 year career she had bought & paid for 3 homes and sent her 7 children thru college.
They both seemed to enough what they were doing.
This is, with some good examples, is exactly what I was mentioning to consider in an earlier post. We did Kettle Corn. Hard work, long hours, but good return for sure.
Silent
September 03, 2017, 10:50 PM
old rugged crossMaybe a shuttle or courier service. If you like rigs, people and like to drive. By networking with the right people and business' I think you could make a nice living. I also think you could easily get settled in to it for your investment amount. If I was going to do it I would set some specific parameters in my business model.
There will always be naysayers and attorney's that think you need them to insure you have all the right answers.
I say go for it.
Btw, I have a good idea for a name!
"Practice like you want to play in the game"
September 04, 2017, 02:39 AM
mark123quote:
Originally posted by a1abdj:
... One of my cousins was in the potato chip business and did very well for himself. He and his partner had a falling out and they had to sell. Their buyer is now doing very well all by himself.
another bit of advice is to always say no to partnership.
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“When the law disarms good guys, bad guys rejoice.”
― Ted Nugent
September 04, 2017, 07:04 AM
Woodmanquote:
Originally posted by bubbatime:
quote:
Originally posted by Cookster: ... left the force and is now very happy working as an insurance fraud investigator for an insurance company.
BAM, that's my kind of job. Maybe I will look into that.
An investigator to law firms which primarily handle defense for single insurance companies.
September 04, 2017, 07:14 AM
SIGINT-228I didn't see anyone said "Gun Shop"...If you have $100K and with a proper business plan I'd think you probably can borrow some more. Of course location would be critical so you would have a decent market. Hire a couple of decent smiths and some retirees who teach self-defense. Do FFL transfer at a reasonable rate (at least for your fellow SF members)
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“Come on you sons of bitches, do you want to live forever?” Sergeant Major Dan Daly (USMC)
September 04, 2017, 08:24 AM
DeqlynInteresting responses.
Cant tell you what you would start. But I can tell you I would reverse engineer what I love doing. Itll never feel like work. So my question is, what do you love doing?
What man is a man that does not make the world better. -Balian of Ibelin
Only boring people get bored. - Ruth Burke September 04, 2017, 08:29 AM
VBVAGUYYou have more than enough for a Chick-Fil-A !!! God Bless
"Always legally conceal carry. At the right place and time, one person can make a positive difference."
September 04, 2017, 11:23 AM
smschulzquote:
Originally posted by bubbatime:
... have $80K to $100K cash in the bank
and wanted to start a business.
You could get a small business loan
You have no learned trade skills
What business would you build/start/franchisee?
I put the expected failure rate at high 90 percent level.
Little cash, no plans or skills.
It is nice to dream but that is all it is.
If you were an investor ~ would you give money in this scenario?
Sorry.
September 04, 2017, 12:13 PM
gpbst3I think you have the recipe for disaster. Just look around and see what business are out there or not around in your area. If there was a market for it im sure it would already have been done.
Sure a Chickfila is a guaranteed gold mine but the application process is insane. Having a billion dollars does not mean you will have a chicfila.
September 04, 2017, 12:35 PM
chellim1quote:
Originally posted by sigmonkey:
Go for your dream.
Many a fool has sat on his porch as it disintegrated around him, while another man builds a ship of dreams and sails on...
My vote is, go for it.
Very few men have laid on their death bed and lamented about trying another thing in life.
I have gotten where I am in life by failing forward, and not retreating form it.
I'm with sigmonkey:
Go for it!
There's a lot of negativity in this thread... but if you figure out what you want to do, and you have the support of your very smart wife...
Do it!
"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible."
-- Justice Janice Rogers Brown
"The United States government is the largest criminal enterprise on earth."
-rduckwor September 04, 2017, 03:06 PM
jimmy123xIn Florida, a service business FOR SURE. I have a service business. Something you can work out of your home garage or a small warehouse. Low overhead, don't have to stock a lot of parts,etc. Just a truck, tools, and go. Plenty of service customers for pool cleaning, pressure cleaning, painting, gutter cleaning, driveway sealing, carpet cleaning, etc. etc. etc. Just find what you like to do and go with it. You could make 6 figures a year with a pressure cleaning business that only you and possibly a helper do with one truck you can use for personal use and a $5,000 investment (maximum) to start, same with a pool cleaning business.
September 04, 2017, 04:14 PM
DoctorSoloSounds like investigating insurance frauds would be a hoot for you. Sounds fun even for non LE, but you have credibility there. I think you would have to focus on marketing quite a bit in the beginning. Whatever you do, spring for a good web site.
I know I wanna be Jim Rockford.
September 04, 2017, 05:19 PM
hoppes no9Invest the $100K in a 5-year CD and get a 9-5 job at someone else's company in a field that interests you, and make sure you keep your eyes and ears open to learn how the business operates.
Without any experience in a business area, you are completely out of your element trying to run your own business.
Most small businesses fail, even when run by people with a good deal of experience in the field.
After 5 years in the field, if you still want to
run your own business, go for it. But it will not be a 9-5 job, more like 7-7.
September 04, 2017, 05:22 PM
chellim1quote:
I know I wanna be Jim Rockford.
Don't we all...
"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible."
-- Justice Janice Rogers Brown
"The United States government is the largest criminal enterprise on earth."
-rduckwor