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re: Say you have $100K
Posted on 2/19/19 at 8:41 am to TexasTiger39
Posted on 2/19/19 at 8:41 am to TexasTiger39
quote:
He never says you have to build a fortune 500 company with only $100 grand.
You wouldn't have enough money to buy the equipment you need to even start the business, much less cash flow it.
0
Posted on 2/19/19 at 8:42 am to TheCurmudgeon
I've said it before...I'll say it again...topless barber shop (female barbers...of course).
ETA...maybe a name like "Just the Tips"...or "Trim and Bangs"
ETA...maybe a name like "Just the Tips"...or "Trim and Bangs"
This post was edited on 2/19/19 at 8:55 am
Posted on 2/19/19 at 8:52 am to TexasTiger39
quote:You ain’t doing that with 100k bub
start a dredging company for "coastal restoration;"
Hell you couldn’t even get a marsh buggy to compete with small subcontractors
Additionally, government work is all low bid.
This post was edited on 2/19/19 at 9:01 am
Posted on 2/19/19 at 8:55 am to MrJimBeam
Yes. The ROCE is around 10% in real estate. So, your principal doubles about every 7 years.
Stock performance is somewhere between 5-8%, but it’s much less work and risk involved. Hence, the lower returns.
Real estate is a great hobby business until it gets big enough to be a full time business.
It’s your company, but I’d let it get to 40 properties (at the 25-30 yr mark), pay someone to manage it, and and sit pretty with 8M in equity, $800k/yr cash flow minus salaries and op expenses.
That’ll pull in $500k/yr pre-tax for absolutely no work on your part.
Make sure you are selling the old homes for updates/new homes to minimize risk and enjoy the good life.
Stock performance is somewhere between 5-8%, but it’s much less work and risk involved. Hence, the lower returns.
Real estate is a great hobby business until it gets big enough to be a full time business.
It’s your company, but I’d let it get to 40 properties (at the 25-30 yr mark), pay someone to manage it, and and sit pretty with 8M in equity, $800k/yr cash flow minus salaries and op expenses.
That’ll pull in $500k/yr pre-tax for absolutely no work on your part.
Make sure you are selling the old homes for updates/new homes to minimize risk and enjoy the good life.
Posted on 2/19/19 at 8:57 am to TheCurmudgeon
A kids youtube channel. Simple arse content about colors, toys, etc and everyone of those videos gets like 15 million views minimum with no chance of demonetization. I guarantee those people are raking in some serious cash.
Posted on 2/19/19 at 8:58 am to cajunduby
quote:
I'd start an escort service, for all the right reasons
Set up shop at the top of Four Seasons.
Posted on 2/19/19 at 9:03 am to Mahootney
quote:
It’s your company, but I’d let it get to 40 properties (at the 25-30 yr mark), pay someone to manage it, and and sit pretty with 8M in equity, $800k/yr cash flow minus salaries and op expenses.
That’ll pull in $500k/yr pre-tax for absolutely no work on your part.
Certainly possible. A lot of different directions could happen in the next 30 years with it as I'm very interested in the commercial side. The homes I have now were older and are completely renovated top to bottom with an extremely high ROI. Found some good deals and have seen positive cash flow a lot faster than most companies. It's getting the jump on the business faster because of it so I'm excited. I certainly can see it getting to a larger scale than 20, and agree, it will be run by someone else by that point. Less headache into retirement and can continue to have fun buying property for another business to manage
Posted on 2/19/19 at 9:14 am to TheCurmudgeon
4 keys of cocaine, and turn that $100K into $700K.
Posted on 2/19/19 at 9:20 am to TheCurmudgeon
I'm going to need a lot more than 100k to start and develop a business within a year
Posted on 2/19/19 at 9:23 am to TheCurmudgeon
Chick-fil-a. Could open multiple locations and make bank.
Posted on 2/19/19 at 9:23 am to NYCAuburn
quote:
Helicopter Hoes...
Boats and hoes.
Just like Stepbrothers.
Posted on 2/19/19 at 9:24 am to TheCurmudgeon
i margarita truck. you know.........like an ice cream truck but only sell margaritas and shite.
Posted on 2/19/19 at 9:26 am to olgoi khorkhoi
quote:
A lemonade stand.
Then I'd blow the other $99,700
Posted on 2/19/19 at 9:26 am to Napoleon
quote:
I would get a small office in Mandeville and Baton Rouge just for Kitchenaid stand mixers. Coupled with an office here and just have someone pick up and drop off.
No one else fixes them. I can set the market.
Do those things break? I've honestly never heard of one breaking. They seem to be the best made product in existence.
Posted on 2/19/19 at 9:34 am to Ed Osteen
quote:
I'm going to need a lot more than 100k to start and develop a business within a year
Any software business would only require that you have programming skills. The $100k would just be about covering your expenses and then some limited costs around marketing/infrastructure.
Even with $100k you could finance some of the capital purchases in a more capital intensive industry. On the East Coast heavy construction contractors have it made right now on projects. I would look to get into that business if I didn't want to go the software route.
Posted on 2/19/19 at 10:02 am to TheCurmudgeon
i'm starting a weed farm.
Posted on 2/19/19 at 12:30 pm to CivilTiger83
quote:
Any software business would only require that you have programming skills.
That was my point, I know nothing about programming
Posted on 2/19/19 at 12:49 pm to TheCurmudgeon
A true touchless car wash. Wash/detail cars by hand.
Print money
Print money
Posted on 2/19/19 at 1:01 pm to TheCurmudgeon
I'm taking that $100k, my retirement funds, moving back to Alabama, and buying my own livestock. AOC won't stop people from loving steak and hamburgers.
Posted on 2/19/19 at 1:41 pm to A Menace to Sobriety
You would phucck all the profit!
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