What is the most profitable business you could start with only $5,000?
I started a business that grossed about US$300,000 some years ago with about US$3,000. I was traveling internationally quite a bit back then and came across a unique hand-crafted product that appealed to many in the gift and ethnic gift market.With a suitcase of product I spent $2500 on a trade show stall and about $500 on gas/hotel/food to attend the show. I didn't have a fancy booth and I lit my product with a few clip on lights that I had spray painted black. I also used black spray paint on cardboard that served as my displays. It may sound tacky, but it actually looked pretty nice and it helped my items stand out.So I loaded up my wares in my SUV and drove myself to the trade show. I booked a cheap motel that had free parking. I ate at burger places. I worked the two-day show by myself and made sure I was always standing and showing my goods while sharing the story of how my items were made, where they came from and what an impact the items had on the local community that made them. Since I didn't have any inventory besides what I had on display, I asked buyers to select a shipping date set for a future time that would allow me to acquire, label, pack and ship the product. I pre-booked sales of just under $30k at the show!With my pre bookings I borrowed another $5000 from family to put toward merchandise and I used credit cards for shipping materials (boxes, labels, scale, etc.) and setup shop in my garage.Within about a month I had a Fedex truck picking up from my home on a daily basis. I also put together a simply, but attractive and informative website on my own and followed up on every lead that I acquired from my initial trade show. Reorders started coming in, new orders from my follow through trickled in and before I knew it I had a real business that I was running out of my home.
A landscaper makes a $2,000 profit in a week when he services 25 lawns.?
A landscaper makes a $2,000 profit in a week when he services 25 lawns. He makes a $600 profit in a week when he services 11 lawns. If his profit for the week is a linear function of the number of lawns serviced, how much profit would he receive in a week that he services 36 lawns? possible answers: $2,600 $2,880 $3,100 $3,600
If you had 10,000$ as your capital and you didn`t have/want a 9 to 5 job, how would you invest it wisely in order for it to grow?
Let’s try to rephrase this question as: what business can I start for $ 10,000. The answer is, many, many. Which one is right for you depends upon your need for income ( which wasn’t specified), your talents & skills and experience, and the needs of the community you live in ( where community might be a town or the whole world via the web).This is a very open ended question, for which there is no one right answer. For example, my neighbor’s son started a lawn mowing business when he was in high school. He’s grown that into a full landscape maintenance business and he makes over $ 100K per year.As another example, a friend of mine is a CPA. She set up a tax preparation business and ten years later is making over $ 200,000 a year.A friend was let go from a big corporation ( so much for loyalty to the big machine, they dump you when they feel like it ). So after 25 years of slaving his rear off here he was with no income and such specialized skills that he had no way to earn an income. He went back to school to become a financial planner, and started out knocking on doors to get clients. Fast forward 10 years and he is making well north of $ 500K per year.There are many different kinds of businesses. Whether they are right for you or whether they will be successful in your environment depend upon many factors. But to be successful in any of them, you must know what your skills and talents are, and you must capitalize on your special gifts. First rule: know yourself.Secondly, you must be keenly aware of what your environment is like. What are the needs of your community, either virtual or real. How are things changing, what are the emerging needs and wants?Finally, how can you match your skills to the needs and wants? That’s the golden question. If you can figure that out, you will be wildly successful IF you work like your life depends on it, and are as persistent and determined as is humanly possible. Yes, success depends upon talent properly deployed, hard work and a little bit of luck.Finally, the secret of true success is to be generous and kind to all you come in contact with. Make it a central principal of your life to do good wherever you are. I follow the teachings of an itinerant Jewish rabbi who lived 2000 years ago. He taught us how to live a life of fulness, grace and happiness by adhering to some very simple principles. May your life be blessed. May you find and create good Karma in all circumstances.