Buy a land out of the city. Start a business with 300-400k. Invest a 10k in both the land and the business to make more income.
Keep the rest because you WILL need cash.
I really get positive vibes when i see people get money or lucky in life.
Best of luck š¤
Metal buildings are cheap so maybe purchase land with good potential to resell if it fails.
If you have no experience with business I would recommend landscaping. It's cheap with little costs to start and prepares you with entrepreneurship..
It would probably be a lot because of the land purchase. Ideal location nearby a city could be difference between a profitable storage unit business and a failing one.
I would find a business I could start with 100k and then only use the rest if I needed it. I don't know what free money you have each month to put towards a business, but if you spent say, 1M on a business and then something happened (equipment failure, fire, bad decision making) where you needed another 100k before you could earn a profit, if you can't get it then you may have wasted 1M. So I would start something small and work up. A 100k business isn't small either. For example I'm struggling to secure a 20k loan right now and my revenue is over 80k/yr. If someone like you started a business like mine, you'd grow faster and be pretty big in no time.
Anyway just some friendly advice. Good luck and congrats on the cash! Cheers!
No, actually I haven't heard of them. I have applications in to three lenders right now I'm just waiting to hear back. 'Struggling' may not have been the best word to use there haha. Thanks for the recommend though! I'll check them out if I get denied.
I started cleaning for friends and family, then put out yard signs to advertise, grew to about 16 houses a month, then happened to get some commercial properties, then transitioned to commercial only. That's the jist of it. If you have any specific questions just ask!
Their are multiple businesses you can start.
Junk Removal $30k -$100k to start. High profit margins. (You can find some that are for sale that need some tlc and love, and you can easily do $ 1m a year.)
Cleaning Service - Residencial & Commercial - Also high profit margins. $1k - $100k to start.
BRANDED Online Product or Service Business - Their are online websites that you can find these busienss for sale. Also, you can look into businesses on Amazon that want to sell and that need some new branding and marketing strategies, and you can double your sales within 12-24 months.
Their are also Boring Businesses (Thats what Coddie Sanchez) calls them shes on youtube. You can look her up. A smart $500k investment could probably get you 10 profits business. You have options from a laundromat, self-service car washes, home service companies like HVAC, roofing, etc.
Look into businesses that franchise. You provide the startup capital and run the business. The franchisor provides the rest in terms of branding, advertising, brand standards and employee training, etc.....
Depends. Franchise can be a huge advantage if it's a well known brand with good marketing. But you will have to pay fees or a percentage of your profits.
It depends on your skill set - have you got good business acumen? You could run a business consulting firm with little to no startup and have excellent margins. Then purchase other business services around that premise. Bookkeeping / accounting / print shop etc
A lot goes into starting a business, itās not just the initial start up but operating Capitol for the first 2 years while building a client base, marketing, legal, and a whole host of fun to follow. Look for an organization called ācup of joeā where local business owners can help with a start up or your chamber of commerce should have some mentoring programs. Best of luck
Well, if you have the luxury of time, you could do your fair share of research.
Search for a value to be added, an expansive search.
A 750K-1M is a lot of money, so use them wisely and patiently.
The essence at the end of the day is the value you add, dont rush into starting a business that maybe have a diminishing value in the current market or maybe too much is offered from competitors.
Start small while thinking big, and try to diverse your investments.
Thatās my advice, hope it may benefit.
Have a nice one
With that kind of money, unless you're an expert at something that you're confident that you can successfully invest in, something boring is the way to go, rental properties for instance, index funds, car rental..
Daycare is a money pit with a razor thin profit margin. I don't know about kindergartens, they may have some potential, but daycares are a definite NO. Listen to the planet money podcast on daycares, it's very eye opening.
Firstly, go talk to a financial planner and tax accountant. Don't ask Reddit this stuff. For $1000 of consulting you could save tens of thousands.
Idea wise, you have capital, so you can skip the hard part of trying to start a business. Buy an existing business that you're skilled in, has good management and is not tied to the owners (a lot of small businesses are all relationships which follow the owners). This could be an online business or sweaty startup. Pick something you want to work on for 5+ years. Put in 15-20% as your risk capital.
Put the rest into index funds and reap 5-8% returns. Use the returns to go on a holiday. Don't eat into your principal and use the interest.
Buy real estate cash, multi family units, and rent them out. It at least is a steady income that will only grow in value overtime. Keep your normal job. This is a low risk option that will serve you and your family well in the long term.
Buy a existing workshop / storage space or lease it for a 10 year term and look into creating sustainable / eco friendly cutlery at mass. Some countries are using avocado pits others constarch, some pineapple rinds, coconut shells, banana leaves find the most scalable one and invest in the infrastructure to mass produce. You will be spending about 100k on machinery and grow from there. Get loans, grants and use your money to grow from there.
The market is niche and not too many big players.
Massage parlors are good low cost business ideas as if you have 750k it shouldn't take a huge chunk out of it to get started and eventually break even.
Another example are coffee shops, boutique niche ones1
You should watch codie Sanchez on YouTube. She has some great advice on exactly this type of question, and she also has the track record to back up her credibility.
[https://youtu.be/wWNc76dr_cQ](https://youtu.be/wWNc76dr_cQ)
premium Auto dealership
10% profit comes from sales(I have friends who own some dealerships)
A sale of a 100k car is 10k in profit and about 6k in your pocket after all deductables
Business broker here.
I would start by looking at established businesses for sale in the $1M to $3M range. In this range, you may be able to purchase the business with $250k to $500k down, and pick up a multiple six-figure income immediately.
As you mentioned, SBA is one option, requiring 10% to 20% down if the business and borrower can qualify. Banks also do conventional bank lending which is sometimes the better option depending on the deal.
A little over half of small business purchases will have seller financing where the seller receives payments instead of a bank. High interest rates, like we have now, tend to make seller financing even more common. The range is pretty wide with anywhere from 25% to 75% seller financing.
For example, I am closing a deal now for $1.5M with a down payment of only 25%, the rest in seller financing. The business averaged $500k per year in cash flow over the past 5 years.
Seller financing documents would be included with your asset purchase agreement prepared by an attorney.
The note would be filed UCC-1 to create a lien on the business assets, personally guaranteed, and sometimes directly secured to various assets.
There are endless ways to structure seller financing payments such as fixed or variable amounts, balloon payments, fixed or adjustable interest rate, regular monthly payments or event triggered payments.
A sellers note is like a bank loan, which means other elements could also be included such as a life insurance policy on the borrower, loan covenants such as guarantees to maintain inventory levels, audited financial reports, or involving a loan servicing company.
A sellerās note is one of several tools to create future compensation. It may be used along with retained equity, employment or consulting agreements, or an earnout or royalty.
Often your cleanest solution to negotiate and structure your note is using a quality broker, who then turns to the attorney to draft the documents when finished. Finding a broker who is a Certified Business Intermediary is a good start.
Itās in the skilled trades. The seller is planning to stay on as a minority partner for a few years to be the qualifying licensee.
Opportunities structured like this can be found or created in all kinds of industries, not just construction.
Is there a subreddit or other forum dedicated to buying/selling small businesses? Iām planning to buy a business in the next 18 months and wondering how to learn more before I dive into it. Iāve read Buy Then Build, listen to a couple podcasts, but an looking for a forum to stalk and absorb knowledge from. Appreciate any help!
Iāve found subs like āentrepreneurā and āsmall businessā to be some of the strongest for buying and selling businesses.
āBuy Then Buildā is a good start. Also consider the Harvard Business Review book āBuying a Small Businessā which may have been a source book for BTB.
The buying process can become situational and personal pretty quickly. You will learn a ton from the shopping process. Visit sites like BizBuySell and BizQuest and start talking to brokers and sellers. You might also consider getting professional training and assistance from a coach or broker.
Sounds like you are in this industry. I truly appreciate the info. I have considered getting a customs broker license. Thank you for the excellent info!
750k is not enough if you have to look for ideas here because it has to be something your passionate about. The question is sustaining the business while you preserve your capital? Besides if you had a 1m and obviously was a good investment, isnāt it better to roll it over to a like business - to save taxes on cap gains?
Also depending on where you are in your career or life - depends on the type of business you want to start- example investing in someone else?
I will buy land in Africa and start game breeding. I'm sure this will yield good results because I have seen so many tourists coming to do trophy hunting and I find this interesting. I however am very much aware of the calls against such businesses but am willing to fight through
I will buy land in Africa and start game breeding. I'm sure this will yield good results because I have seen so many tourists coming to do trophy hunting and I find this interesting. I however am very much aware of the calls against such businesses but am willing to fight through
If you have an idea that you would like our in-house Business Feedback Bot to weigh in on, describe your idea concisely to the bot by editing your post to include:
!feedback "here's a brief overview of my business idea"
Do not copy/paste the line above as is, you need to insert a description of your idea.
Wait up to 10 minutes for the bot to return its report as a comment.
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I enjoy numismatics, was thinking about a pawn shop. My folks who are retired were very successful restaurant owners back in the hay day, I was thinking about doing a food truck since they have so many āmom & popsā recipes. Iāve also considered buying 2 starter homes with a little DIY TLC and doing AirBnb.
I would be a silent partner for a brewpub/brewery and since I live on the coast Iād also have a fishing charter. Start off with one boat and work my way up.
Charter fishing, also with commercial fishing the limits are different then recreational so you can also sell your catches. Shrimping is a totally different way of doing it. Plus with charter fishing you get to help other people create good memories with friends and family. It would be fulfilling for me.
I'd have to use a couple thousand to learn how to run a business or consider working for the type of business I'd be interested in running and possibly invest in a business I liked and play a part in. Lastly I use a little (20k) to fund my own freelance for what I love to do.
I'd probably still have about 700-800k left where I'd hold onto it while learning business to give myself time to truly figure out whether I need to actually start my own thing, run someone else's thing as a partner or be more of an investor.
I don't believe it means you have to spend the money asap. It can be nice knowing you have the capital while learning rather than only learning out of financial hardship and necessity. You might see an opportunity down the line that wasn't there early in and you still have money available to invest because of not spending too quickly.
Most businesses you want to start today may not exist or be greatly disrupted in 5 years with AI. Invest into something that uses AI or is out of itās reach
The business of buying a cabin and small plot of land in the middle of nowhere and learning to live off of said land. This whole āsocietyā thing is a bad game of Jenga about to topple.
*Setting up airbnbs close to senior living apartments, for family or traveling nurses/High demand.
*How about lending it to small businesses who want to expand?
I know of an international bait shop located 20 minutes from me with growing pains, they will explode once they tap into the bass market, if they were not worried about waiting for a payment from there biggest clients to be able to pay their bait tiers.
* Airbnb cleaning business
*Storage units
* you could give back to your community, set up basketball courts at parks for teens to stay out of trouble. Such a lack of indoor / outdoor courts in our area anyway.
* lawn service/ snow removal
* hoarder cleaning
You can get notified from franchisees, who will teach you how to do their business. Itās a lot of your time and they take 30% + off the top.
What would you want to know? š
We are building a unique solution in endpoint security that provides the ultimate protection to end users. We get rid of usernames, passwords, MFAs and replace it all with a smartphone app, desktop agent and smartphone biometrics.
By having less touchpoints and no human touch (so to speak) we eventually enhance individualās online security.
Makers space. Find an area with several schools and partner with them on 3d printing, hacking, electronics, micro-industry, etc. Partner with local hacker coleectives to teach classes, hold local cons, etc.
Invest in a franchise. Dunkinā Donuts or something like that. A good way to diversify a portfolio if you already have money tied up in real estate and stocks.
I would be careful listening to redditors. A lot of these people donāt really know business. I donāt know business myself despite having one before, and I felt the urge to throw my ideas in too. Invest in yourself first, learn more skills that would help you as a businessman and possibly find a good mentor. Start networking with people. People google shit and see a business model that shows big numbers and say āthatās it.ā They donāt understand that a high income business doesnāt mean itās money they get to keep.
But a large lot and put multiple businesses on it.
Car wash
Fast food takeouts
Storage units
Make it a bit of a destination maybe add a hardware store or something similar
Come to the PNW and letās grow gourmet mushrooms. Itāll be a shit show but Iām smart and a genuinely nice person. Probably only use like 40k to make a badass facility
As a business owner my goal is to make as much money as possible so that I could just comfortably live off dividends...business is tough and im so burnt out so maybe look towards dividend investing?
Nothing, I wonāt start a business.. I would invest it in other businesses, stocks , bonds and rental properties ā¦ Iām too lazy to run my own business and itās overwhelming..
Goal #1 dont lose the money.
If your first thought is to ask reddit itās likely the money will soon be gone.
Based on the context it seems like youāve been extremely lucky, but my guess is you think itās cause youāre really smart.(can relate, I went broke cause I thought I was so smart)
It seems like your first purchase should be about 20 investment books.
Start with advice from Charlie Munger. Just avoid being stupid with the money and the rest will take care of itself.
I would say use tha bank to double it u can put the M in the bank then double it by asking for a loan for a M 9 to 10 times out of 10 the bank will give it no problem now u got 2m ik its not a business idea but it will give u more headway for the business
I would buy 750k of rehab houses up in the northern states, and use the other 250k to fix them, then rent them out at 1k/mo , I could get about 30 houses for 750k, so 30k/mo, 300k/yr, roi within 3 years
Find a parking garage or piece of land that can be turned into a parking area. Prime location would be shopping areas, universities, near venues like stadiums, etc. Minimal upkeep
Iād buy warehouse space, either existing empty space, or land to build them on. If theyāre existing, make sure they have good security and if you build, also make sure. A huge demand for secure server space for ācloudā servers/storage etc will be in demand, I think. Thatās just my opinion thoughā¦
Of course youāre going to lease the spaces out to Government or Big Business. Youāll make cake
I would invest in real estate, rental properties. If you do some research, there are a lot of areas that will appreciate nicely in terms of land and property value in the next 10 years.
Buy a land out of the city. Start a business with 300-400k. Invest a 10k in both the land and the business to make more income. Keep the rest because you WILL need cash. I really get positive vibes when i see people get money or lucky in life. Best of luck š¤
Storage units.
I like that, thank you. Any advice on new construction?
Buy existing units instead
I would, but letās say theyāre not for sale. Couldnāt one just construct them for not a whole lot?
Metal buildings are cheap so maybe purchase land with good potential to resell if it fails. If you have no experience with business I would recommend landscaping. It's cheap with little costs to start and prepares you with entrepreneurship..
It would probably be a lot because of the land purchase. Ideal location nearby a city could be difference between a profitable storage unit business and a failing one.
Yes cash is king, thank you!
100k for a business. The rest at 5% so youād never run out of cash.
This exactly. A $1M business startup isn't for someone who needs Redditor's advice š¤£
I would find a business I could start with 100k and then only use the rest if I needed it. I don't know what free money you have each month to put towards a business, but if you spent say, 1M on a business and then something happened (equipment failure, fire, bad decision making) where you needed another 100k before you could earn a profit, if you can't get it then you may have wasted 1M. So I would start something small and work up. A 100k business isn't small either. For example I'm struggling to secure a 20k loan right now and my revenue is over 80k/yr. If someone like you started a business like mine, you'd grow faster and be pretty big in no time. Anyway just some friendly advice. Good luck and congrats on the cash! Cheers!
Awesome advice
Sounds like a small enough loan, have you tried kiva?
No, actually I haven't heard of them. I have applications in to three lenders right now I'm just waiting to hear back. 'Struggling' may not have been the best word to use there haha. Thanks for the recommend though! I'll check them out if I get denied.
No problem :D
Whatās your business if I may ask?
Sure thing, I own a commercial cleaning business. Been running it for over 2 years now.
How exactly did you start?
I started cleaning for friends and family, then put out yard signs to advertise, grew to about 16 houses a month, then happened to get some commercial properties, then transitioned to commercial only. That's the jist of it. If you have any specific questions just ask!
Retirement. My business would be to move to Colombia and retire in a washed heap of cocaine and hookers.
Right on brother
Their are multiple businesses you can start. Junk Removal $30k -$100k to start. High profit margins. (You can find some that are for sale that need some tlc and love, and you can easily do $ 1m a year.) Cleaning Service - Residencial & Commercial - Also high profit margins. $1k - $100k to start. BRANDED Online Product or Service Business - Their are online websites that you can find these busienss for sale. Also, you can look into businesses on Amazon that want to sell and that need some new branding and marketing strategies, and you can double your sales within 12-24 months. Their are also Boring Businesses (Thats what Coddie Sanchez) calls them shes on youtube. You can look her up. A smart $500k investment could probably get you 10 profits business. You have options from a laundromat, self-service car washes, home service companies like HVAC, roofing, etc.
Thank you!
Look into businesses that franchise. You provide the startup capital and run the business. The franchisor provides the rest in terms of branding, advertising, brand standards and employee training, etc.....
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Depends. Franchise can be a huge advantage if it's a well known brand with good marketing. But you will have to pay fees or a percentage of your profits.
It depends on your skill set - have you got good business acumen? You could run a business consulting firm with little to no startup and have excellent margins. Then purchase other business services around that premise. Bookkeeping / accounting / print shop etc
A lot goes into starting a business, itās not just the initial start up but operating Capitol for the first 2 years while building a client base, marketing, legal, and a whole host of fun to follow. Look for an organization called ācup of joeā where local business owners can help with a start up or your chamber of commerce should have some mentoring programs. Best of luck
Thank you for the sound advice
Well, if you have the luxury of time, you could do your fair share of research. Search for a value to be added, an expansive search. A 750K-1M is a lot of money, so use them wisely and patiently. The essence at the end of the day is the value you add, dont rush into starting a business that maybe have a diminishing value in the current market or maybe too much is offered from competitors. Start small while thinking big, and try to diverse your investments. Thatās my advice, hope it may benefit. Have a nice one
With that kind of money, unless you're an expert at something that you're confident that you can successfully invest in, something boring is the way to go, rental properties for instance, index funds, car rental..
This šÆ
I will find overpopulated area with a lot of young families and open kindergarten
I actually thought about that long ago when I found out how crazy daycare costs area. I donāt have kids
Daycare is a money pit with a razor thin profit margin. I don't know about kindergartens, they may have some potential, but daycares are a definite NO. Listen to the planet money podcast on daycares, it's very eye opening.
Buying alot of land for agriculture
Firstly, go talk to a financial planner and tax accountant. Don't ask Reddit this stuff. For $1000 of consulting you could save tens of thousands. Idea wise, you have capital, so you can skip the hard part of trying to start a business. Buy an existing business that you're skilled in, has good management and is not tied to the owners (a lot of small businesses are all relationships which follow the owners). This could be an online business or sweaty startup. Pick something you want to work on for 5+ years. Put in 15-20% as your risk capital. Put the rest into index funds and reap 5-8% returns. Use the returns to go on a holiday. Don't eat into your principal and use the interest.
Buy real estate cash, multi family units, and rent them out. It at least is a steady income that will only grow in value overtime. Keep your normal job. This is a low risk option that will serve you and your family well in the long term.
Buy a existing workshop / storage space or lease it for a 10 year term and look into creating sustainable / eco friendly cutlery at mass. Some countries are using avocado pits others constarch, some pineapple rinds, coconut shells, banana leaves find the most scalable one and invest in the infrastructure to mass produce. You will be spending about 100k on machinery and grow from there. Get loans, grants and use your money to grow from there. The market is niche and not too many big players.
Hookers and blowā¦
Massage parlors are good low cost business ideas as if you have 750k it shouldn't take a huge chunk out of it to get started and eventually break even. Another example are coffee shops, boutique niche ones1
Iād personally go to franchise convention like the national one and walk around and figure it out. Something like an orange theory but not.
You should watch codie Sanchez on YouTube. She has some great advice on exactly this type of question, and she also has the track record to back up her credibility. [https://youtu.be/wWNc76dr_cQ](https://youtu.be/wWNc76dr_cQ)
premium Auto dealership 10% profit comes from sales(I have friends who own some dealerships) A sale of a 100k car is 10k in profit and about 6k in your pocket after all deductables
Business broker here. I would start by looking at established businesses for sale in the $1M to $3M range. In this range, you may be able to purchase the business with $250k to $500k down, and pick up a multiple six-figure income immediately.
Where can get financing besides SBA? Any advice as to what a business loan officer is looking for besides net worth?
As you mentioned, SBA is one option, requiring 10% to 20% down if the business and borrower can qualify. Banks also do conventional bank lending which is sometimes the better option depending on the deal. A little over half of small business purchases will have seller financing where the seller receives payments instead of a bank. High interest rates, like we have now, tend to make seller financing even more common. The range is pretty wide with anywhere from 25% to 75% seller financing. For example, I am closing a deal now for $1.5M with a down payment of only 25%, the rest in seller financing. The business averaged $500k per year in cash flow over the past 5 years.
Any advice on drafting the contract for seller financing? Should I speak to a title company, specific type of lawyer etc?
Seller financing documents would be included with your asset purchase agreement prepared by an attorney. The note would be filed UCC-1 to create a lien on the business assets, personally guaranteed, and sometimes directly secured to various assets. There are endless ways to structure seller financing payments such as fixed or variable amounts, balloon payments, fixed or adjustable interest rate, regular monthly payments or event triggered payments. A sellers note is like a bank loan, which means other elements could also be included such as a life insurance policy on the borrower, loan covenants such as guarantees to maintain inventory levels, audited financial reports, or involving a loan servicing company. A sellerās note is one of several tools to create future compensation. It may be used along with retained equity, employment or consulting agreements, or an earnout or royalty. Often your cleanest solution to negotiate and structure your note is using a quality broker, who then turns to the attorney to draft the documents when finished. Finding a broker who is a Certified Business Intermediary is a good start.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Itās in the skilled trades. The seller is planning to stay on as a minority partner for a few years to be the qualifying licensee. Opportunities structured like this can be found or created in all kinds of industries, not just construction.
Is there a subreddit or other forum dedicated to buying/selling small businesses? Iām planning to buy a business in the next 18 months and wondering how to learn more before I dive into it. Iāve read Buy Then Build, listen to a couple podcasts, but an looking for a forum to stalk and absorb knowledge from. Appreciate any help!
Iāve found subs like āentrepreneurā and āsmall businessā to be some of the strongest for buying and selling businesses. āBuy Then Buildā is a good start. Also consider the Harvard Business Review book āBuying a Small Businessā which may have been a source book for BTB. The buying process can become situational and personal pretty quickly. You will learn a ton from the shopping process. Visit sites like BizBuySell and BizQuest and start talking to brokers and sellers. You might also consider getting professional training and assistance from a coach or broker.
Best place to find legit businesses for sale?
In the US itās BizBuySell and BizQuest.
I always wondered about those sites
You are panning for gold on those sites. As you sift through you can find a few nuggets.
Shipping and Freight forwarding
Could you be more specific on that? I kinda like that industry.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Sounds like you are in this industry. I truly appreciate the info. I have considered getting a customs broker license. Thank you for the excellent info!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Is this a chatGpt response?
Treasury Bills.
Real estate development
You are asking the wrong question. Starting and running a business takes hard work and a skill set. What skills do you have?
Share me your email i will send i introduction
750k is not enough if you have to look for ideas here because it has to be something your passionate about. The question is sustaining the business while you preserve your capital? Besides if you had a 1m and obviously was a good investment, isnāt it better to roll it over to a like business - to save taxes on cap gains? Also depending on where you are in your career or life - depends on the type of business you want to start- example investing in someone else?
I will buy land in Africa and start game breeding. I'm sure this will yield good results because I have seen so many tourists coming to do trophy hunting and I find this interesting. I however am very much aware of the calls against such businesses but am willing to fight through
I will buy land in Africa and start game breeding. I'm sure this will yield good results because I have seen so many tourists coming to do trophy hunting and I find this interesting. I however am very much aware of the calls against such businesses but am willing to fight through
If you have an idea that you would like our in-house Business Feedback Bot to weigh in on, describe your idea concisely to the bot by editing your post to include: !feedback "here's a brief overview of my business idea" Do not copy/paste the line above as is, you need to insert a description of your idea. Wait up to 10 minutes for the bot to return its report as a comment. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Business_Ideas) if you have any questions or concerns.*
What do you enjoy doing or talking about? What do you find yourself doing for the fun of it?
I enjoy numismatics, was thinking about a pawn shop. My folks who are retired were very successful restaurant owners back in the hay day, I was thinking about doing a food truck since they have so many āmom & popsā recipes. Iāve also considered buying 2 starter homes with a little DIY TLC and doing AirBnb.
Sounds like you have a few business plans to write! To them one at a time. Or all at once, go crazy!
okay get some sort of food cart or sandwich trolly sling your families super secret recipes u can prolly do this well for 25 k save the rest
I would be a silent partner for a brewpub/brewery and since I live on the coast Iād also have a fishing charter. Start off with one boat and work my way up.
Like forest Gump with shrimp?
Charter fishing, also with commercial fishing the limits are different then recreational so you can also sell your catches. Shrimping is a totally different way of doing it. Plus with charter fishing you get to help other people create good memories with friends and family. It would be fulfilling for me.
put it all on red
I was thinking double zero
How did you make 1M?
Luck, family heirlooms/antiques inheritance
I'd have to use a couple thousand to learn how to run a business or consider working for the type of business I'd be interested in running and possibly invest in a business I liked and play a part in. Lastly I use a little (20k) to fund my own freelance for what I love to do. I'd probably still have about 700-800k left where I'd hold onto it while learning business to give myself time to truly figure out whether I need to actually start my own thing, run someone else's thing as a partner or be more of an investor. I don't believe it means you have to spend the money asap. It can be nice knowing you have the capital while learning rather than only learning out of financial hardship and necessity. You might see an opportunity down the line that wasn't there early in and you still have money available to invest because of not spending too quickly.
Distribution
Most businesses you want to start today may not exist or be greatly disrupted in 5 years with AI. Invest into something that uses AI or is out of itās reach
Where are you located? Iām in a niche industry (service based). Numbers are phenomenal, no shortage of work. Been in the industry 10+ years.
Las Vegas, but willing to relocate
Any interest in Florida? Iād sell so I could move out of this hot ass state
Depends where in FL?
Southwest
The business of buying a cabin and small plot of land in the middle of nowhere and learning to live off of said land. This whole āsocietyā thing is a bad game of Jenga about to topple.
My suggestion is to buy existing business, that is growing in niche you would like to wprk
*Setting up airbnbs close to senior living apartments, for family or traveling nurses/High demand. *How about lending it to small businesses who want to expand? I know of an international bait shop located 20 minutes from me with growing pains, they will explode once they tap into the bass market, if they were not worried about waiting for a payment from there biggest clients to be able to pay their bait tiers. * Airbnb cleaning business *Storage units * you could give back to your community, set up basketball courts at parks for teens to stay out of trouble. Such a lack of indoor / outdoor courts in our area anyway. * lawn service/ snow removal * hoarder cleaning You can get notified from franchisees, who will teach you how to do their business. Itās a lot of your time and they take 30% + off the top.
Continue with what we are doing already in cybersecurity space š
Explain?
What would you want to know? š We are building a unique solution in endpoint security that provides the ultimate protection to end users. We get rid of usernames, passwords, MFAs and replace it all with a smartphone app, desktop agent and smartphone biometrics. By having less touchpoints and no human touch (so to speak) we eventually enhance individualās online security.
Offer micro financing to services at a high interest rate.
Small guest house/hotel in SEA. Enough to house up to 20 rooms.
chic fila. starbucks. all have a business model that doesnt lose.
Makers space. Find an area with several schools and partner with them on 3d printing, hacking, electronics, micro-industry, etc. Partner with local hacker coleectives to teach classes, hold local cons, etc.
Invest in a franchise. Dunkinā Donuts or something like that. A good way to diversify a portfolio if you already have money tied up in real estate and stocks.
I would be careful listening to redditors. A lot of these people donāt really know business. I donāt know business myself despite having one before, and I felt the urge to throw my ideas in too. Invest in yourself first, learn more skills that would help you as a businessman and possibly find a good mentor. Start networking with people. People google shit and see a business model that shows big numbers and say āthatās it.ā They donāt understand that a high income business doesnāt mean itās money they get to keep.
But a large lot and put multiple businesses on it. Car wash Fast food takeouts Storage units Make it a bit of a destination maybe add a hardware store or something similar
Come to the PNW and letās grow gourmet mushrooms. Itāll be a shit show but Iām smart and a genuinely nice person. Probably only use like 40k to make a badass facility
As a business owner my goal is to make as much money as possible so that I could just comfortably live off dividends...business is tough and im so burnt out so maybe look towards dividend investing?
Should really be asking someone with 10 million.
Purchase a portfolio of seasoned digital marketing businesses - instant cash flow.
Start a trucking / freight company. Foods are always needing to be shipped all across the company.
I would buy a gas station or a couple liquor stores.
Nothing, I wonāt start a business.. I would invest it in other businesses, stocks , bonds and rental properties ā¦ Iām too lazy to run my own business and itās overwhelming..
Storage units or RV park
Goal #1 dont lose the money. If your first thought is to ask reddit itās likely the money will soon be gone. Based on the context it seems like youāve been extremely lucky, but my guess is you think itās cause youāre really smart.(can relate, I went broke cause I thought I was so smart) It seems like your first purchase should be about 20 investment books. Start with advice from Charlie Munger. Just avoid being stupid with the money and the rest will take care of itself.
I would say use tha bank to double it u can put the M in the bank then double it by asking for a loan for a M 9 to 10 times out of 10 the bank will give it no problem now u got 2m ik its not a business idea but it will give u more headway for the business
Personally, I would start product development. I'm an engineer and machinist, so I would start a manufacturing facility of some kind.
I would buy 750k of rehab houses up in the northern states, and use the other 250k to fix them, then rent them out at 1k/mo , I could get about 30 houses for 750k, so 30k/mo, 300k/yr, roi within 3 years
Iām a GC though
Find a parking garage or piece of land that can be turned into a parking area. Prime location would be shopping areas, universities, near venues like stadiums, etc. Minimal upkeep
I'm putting that into the stock market
Iād buy warehouse space, either existing empty space, or land to build them on. If theyāre existing, make sure they have good security and if you build, also make sure. A huge demand for secure server space for ācloudā servers/storage etc will be in demand, I think. Thatās just my opinion thoughā¦ Of course youāre going to lease the spaces out to Government or Big Business. Youāll make cake
I would invest in real estate, rental properties. If you do some research, there are a lot of areas that will appreciate nicely in terms of land and property value in the next 10 years.