I have $30,000 and would like to start a business, what kind

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I have $30,000 and would like to start a business, what kind of business can I start with that kind of money?

Customer (name blocked for privacy)

Status: Closed Value: $8

Hello friend, thankyou for your question. Are you wanting to manage this yourself or are you thinking you will hire a manager? Could you give me a little information on your interests and experiences? Also,let me know what country you are in.

Sincerely,Don

Edited by Don4u on October 1 2006 at 8:11 AM

Reply to Don's Post: I would like to manage it myself and I live in Florida, usa

Ok, great,thanks for the information.

I am in Florida also. (central Fl) What part of Florida do you want to look at and what do you have experience doing?

Waiting for your reply.

Sincerely,Don

Reply to Don's Post: a small hole in the wall restaurent or deli spanish style, I have very limited experience, other than working in a big restaurnet some 30 years ago!

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Hello friend, thankyou for your patience.

If I understand you correctly you're looking for a small restaurant/deli which you can manage.

Success rate is much higher when you buy an existing business and it's an easier transition.

As you consider what you want to do remember to take time to learn as you go. Better now than later,believe it! There is a ton of references below concerning things you may want to consider before going into anything.

If you are a minority do contact the Minority Economic and Business Development Program and ask what they can offer you as help.

Here is the websites : Starting a Business in Florida - Division of Corporations

HBIF - Promoting the Hispanic Business Entrepreneur

You do need a lawyer if you buy a business so ask around if you know anyone who owns a restaurant or business for a reference. It is too easy to get "taken" in today's world and you don't want that to happen.

Florida Entrepreneur's Resource Page >this website is really well done and has a lot to offer you.

You also may want to make the decision if you want a corporation and what type.

A lawyer can help with this or you can do it yourself by accessing this website and following instructions. Florida Incorporation Service

Insurance will be another expense you'll be responsible for concerning the business.Again,ask for references from those you know in business.

Also you'll want to become very familiar with this website and the information therein.

The left hand margin at this website has many listings for specific information also. http://www.hospitalityeducation.org%20-%20florida's%20division%20of%20hotels%20and%20restaurants/

This website below gives you access to all of Florida's newspapers so you can,if you desire,check the classifieds for possible locations for a business or to buy one. Click here: NewsLink | Newspapers | U.S. | Florida

The business below is listed at $30,000 and is in 407 area code.It is not a restaurant business but is a delivery service as described. I would ask to see their books and see how the business is operated as well as insurance and other cost factors if I were interested. Restaurant Dinner Delivery Service for Sale at Restaurants for Sale.us

In this link below you can see what low investment can buy.

There are not a lot of restaurants listed but it is worth seeing just to become familiar with what could be done. Florida Low Investment Business Opportunties

Franchises available in the low investment range: Business & Small Business

If I were making this decision I would definitely consider starting my own franchise as a deli or a "hole in the wall" but it would be on a 4- 5 yr plan selling as soon as I felt it was worthy of a sale. Or I might just play it safe, spare myself the headache of business and go into a small investment "group" where I would feel safer than just on my own and alone.

I'm here if you want to talk anything out,ask questions,etc.

Reply to Don's Post: Besides the restaurant< what else can I look into?

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Good morning, Here are some possibles you may want to consider in making your money work for you.

One of the most profitable businesses in Florida I've seen are pressure washing businesses which do driveways,houses,etc.

Minimal cost factors (truck,pressure washing equip.,and insurance) .

PressureNet.net Pressure Washing Business Forum > Getting Started in Pressure Washing

You can start a bait & tackle business.

Daycare business is another good money maker. (do the math: 30 kids per week@100 per child is just a guesstimate.

You don't have to run it,you don't have to own a building,you just have to hire the right (experienced and credible)people and have an excellent manager.

Insurance is a major expense but when "shopping for insurance" you can find the right price by being diligent in your search and keeping a chart on comparisons.

Following Florida law to the letter is crucial.

There are also grants for daycare equipment as well as government subsidies you can apply for.

Tax Lien Certificates and Tax Deed Sales In Florida FL (you definitely want to read up on this)

Vending business is a good one too: Vendstar Vending Machine Business

Click here: LA Boxing Fitness Franchises (had to add this one in case you love boxing)

Inc. Magazine: September 1, 2006 If you do not have this magazine it's time to subscribe.It can help you broaden your horizons tremendously.

Opening a shop where used items are sold is another possible. You can buy and sell when you want to.

Buying through websites such as below can insure your profit if you buy with knowledge.IRS Auction - Main Menu

You can also make a good deal of money through buying "storage auctions" here in Florida.

I was wondering if you have a certain sport you enjoy or a hobby? There's nothing more fun than doing what you love and making money at it. Let me know what you think.

Sincerely,Don

Edited by Don4u on October 2 2006 at 9:08 AM

Thankyou & God Bless!

Reply to Don's Post: I LOVE GOLF and cooking for friends and family

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Hello friend, thankyou again for your patience. It's been great working with you on this.

I need to ask you if there is a chance you have a certain rub,sauce or seasoning,or a certain outstanding recipe you have developed that you would like to promote somehow? Would this interest you?

Waiting for your reply,Don

Reply to Don's Post: not really

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