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What Is A Good Small Business To Start With Little Overhead And Potential To Expand?

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What Is A Good Small Business To Start With Little Overhead And Potential To Expand?

Postby Darcio » Sat Dec 13, 2014 8:45 pm

I'm 21 and have 3 semesters of school left.
I took last semester off to take a job to make some money, and have slowly built that money up through investing.
My sister just graduated with a business degree, and she's having a hard time finding a respectable job due to the economy.
I regularly read entrepreneur, money, inc., etc and it really makes me want to start something up. I have about $16,000 cash at my disposal, and I have a condo with 40% equity (about $35,000).
I'm very close with my sister and we have been brainstorming some ideas, but haven't thought of anything that we just HAVE to do.
So what are some suggestions of a business that would be a cheap start up that we can expand down the road?





Our best ideas have been bar/club/retaurant/pool hall related because my sister knows probably half the kids on her 20,000+ student campus and most of our friends party pretty hard.
Unfortunately, I doubt a lease in old town Fort Collins or Denver would be affordable on my budget.
My campus in Golden would probably be significantly less, but my school is really small and 70% guys which, needless to say, would make for an awkward club.
My dream business would be owning a motorcycle shop, but again, there are budget issues.





Neither of us have any significant experience with anything specialized because we're both under 23, but we're definitely both passionate about having our own business at a young age so we can determine our hours and how much work we do and how much we make in return.
Sorry this is so long, thanks for reading!
Darcio
 
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Joined: Fri Jan 03, 2014 2:24 am

What Is A Good Small Business To Start With Little Overhead And Potential To Expand?

Postby Navarro » Sat Dec 13, 2014 10:46 pm

Here are some small business enterprises to consider:

1. Providing a private tutoring service ranging from music lessons, English writing and reading lessons: to training seniors on how to operate a particular computer;

2. Offering to supervise or monitor services to senior citizens especially those wanting someone to take them on errands, driving on long trips, watch and clean up homes left behind by seniors who have been relocated to assisted living quarters;

3. Becoming a regional apartment manager servicing several properties while traveling to and fro to collect monthly rents and service tenant complaints;

4. Leasing a van equipped with paper shredding machinery and go into high-income areas offering to shred their highly secretive personal papers or even allow them to do so in the privacy of their own home or office;

5. Leasing high-pressure steam cleaning equipment which can be used to remove chewing gum in front of store fronts and apartment houses and charge an appropriate hourly fee;

6. Acquiring a personal fiduciary bond up to $100,000 [actually 10% or $10,000] which will allow you to sell your services as a personal property document specialist which involves photographing and cataloging all kinds of personal property which are subject to insurance coverage; salvaging of family photo albums, etc.

Good luck!
Navarro
 
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Joined: Fri Jan 03, 2014 6:04 pm

What Is A Good Small Business To Start With Little Overhead And Potential To Expand?

Postby Navarro » Sun Dec 14, 2014 9:03 am

Is great to hear people that are willing to start up their own business!

Maybe trying out an online business is not a bad idea for you too!

Check this website up! http://www.pluginprofitsite.com/main-274...

It do works!
Navarro
 
Posts: 47
Joined: Fri Jan 03, 2014 6:04 pm

What Is A Good Small Business To Start With Little Overhead And Potential To Expand?

Postby Chadwick » Mon Dec 15, 2014 8:58 am

I think it's great that you want to start your own business, though I have found that running your own brick and morter business is a lot like "work"! Eventually it starts to run you instead of you running it! I am not trying to be negative it's just a for-warning of what might come to be!! If you are looking for a way to get more cash to open your Motorcycle shop you could check out this site I found, I am making loads of cash sitting at home with my kids!!

AND I can determine my hours and how much work I do and how much I make in return!!

www.MaverickMoneyMakersRulz.com
Chadwick
 
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What Is A Good Small Business To Start With Little Overhead And Potential To Expand?

Postby Divon » Mon Dec 15, 2014 5:24 pm

thanks for the detail, it is helpful.

First, one thing you didn't mention but I would think through is to sit down together and write down all the skills you have that you can 'bring to the table" in a business.


Your best bet, given your situation is to try and start some kind of a service business.
College students are busy, they like community, and they like convenience.
So the big question is.... what's not working in Golden

A couple of things that might be useful, or not.
Perhaps you could get into some kind of promotion business.
Are there existing clubs etc that want more customers. Do they have music? Could you design an event for them and leverage your sister's contacts to get people to show up and get a piece of the cover charge? Do you know local musicians and could you find a club that would be interested in music? Could you be the people that put that together at several clubs and, again, get the student body pumped up to go there and listen, hang out and have a drink? This is true for coffee and tea houses too.
Again, your hook is that your effort is free and you get a portion (maybe 50% or more) of the cover charge so you only get paid if you succeed.
The owner gets more business and you could well make a few hundred bucks at a time.

Another option is wholesale.
Could you buy something usable in the dorms at a bulk price and resell it to students at a markup.
This could be anything.
If you have a Sam's club, you can start a business and buy everything from muffins and coffee to whatever at a decent discount.
Resell the product on campus.
Not sure all the rules but noodle on that.

Think service business.
Virtually zero overhead. Anything you make less whatever it cost you (and if it truly is services it cost you nothing) is profit.

Hope that helps.
Good luck.
Divon
 
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Joined: Sun Feb 02, 2014 8:47 pm


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