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| | The Minding Your Own Business Network is not currently active and cannot accept new posts | | Any bus ideas of what I can do with $ 2000 | Views: 936 | | Mar 30, 2005 7:02 pm | | Any bus ideas of what I can do with $ 2000 | # |
Daniella Bien-Aime | | Dear Ryze Members:
I would like to use some of my income tax money to either start or invest in a business (No MLM). I know it's not a lot of money. Has anyone started a business for $2000 or less? Any input or ideas would be appreciated. Thank you so much.
Daniella Private Reply to Daniella Bien-Aime | | Mar 30, 2005 9:19 pm | | I started my Speciality Advertising Business for $85.00! | # | 
Woody Quinones | | That's correct. My startup cost was $85.00 to own an operate my Kaeser & Blair Dealership. When I sold my first $1500.00 of merchandise, Kaeser & Blair refunded my $85.00 start up cost. It was part of their incentive program.
How long did it take me to make a sale. The second business I walked into placed a $2500.00 order with me. Bare in mind I have been selling to the public for 36 years. So that may not be typical. But you can sell large quanities of products very easily.
I do sponsor people to become dealers and I have a dealer package I can send to you at no obligation. If you would like more information about starting your own dealership email me at Kaeser Dealership
If you become a dealer you do have the opportunity to recuit others to become dealers so you can earn override commissions. FYI: THIS IS NOT MLM!
You can go to my website Impactyourarea.com and look around at how I also market my Kaeser & Blair dealership through the website.
I also have a Forum at my website that you can join to get ideas about promoting your own business.
Woody Quiñones Private Reply to Woody Quinones | | Mar 31, 2005 12:45 am | | re: Any bus ideas of what I can do with $ 2000 | # | 
Mark Decker CPA | | Many of my small business clients started their business with less then $2000.
Business owners, who also have children, have to place a balance between work and family.
Many doctors, lawyers and certified public accountants like myself, find having an office in their home very convenient and efficient in controlling overhead costs.
Mark Decker CPA
www.markdeckercpa.com
Private Reply to Mark Decker CPA | | Mar 31, 2005 2:07 am | | re: Any bus ideas of what I can do with $ 2000 | # | 
Paul Bradley Cordle | | Excellent advice Brian!
Daniella, don't make the mistake of jumping into anything
too fast before doing your due diligence.
You have many options available to you and the key is to
FIRST determine what you enjoy and are capable of doing.
Then look for people who have been successful doing
something similar.
Take as much time up front as you need to determine what
you want to do and then commit the necessary time to get
the business into profit within 90 days maximum.
Warm regards,
Paul Bradley Cordle
HyperSpeedRecruiting.com
Stop wasting your time!
Private Reply to Paul Bradley Cordle | | Mar 31, 2005 6:20 am | | re: re: Any bus ideas of what I can do with $ 2000 | # | 
Ron Amundson | | The 90 days can serve as a major limit. Much has to do with your business strategy. Where do you want to be down the road. If its still a microenterprise, I'd agree, you should structure things to turn a profit quickly. Otoh, if its a small business as defined as sub 500 employees, then a 90 day target can be pretty short sighted.
If your plan is multiple employees and a revenue stream of millions/year, a ninety day profitability target will shoot you in the foot. I know many entities that started with an initial investment of well under $2000 and are at that stage. Many bootstrapped their way to sucess. A friend started out with $1200 (corrected for inflation), and through bootstrapping, and no outside investors, currently has gross sales of around $7 million.
A similiar story exists for Ann Winblad, including using food stamps her first year in business. http://www.thetech.org/exhibits/online/revolution/winblad/i_a.html
However, with agressive goals in mind, the risk goes up a great deal. If this is your first time around the block, it may pay to test the waters with a 90 day plan.
Another thing to do is check in with your local score advisors. www.score.org chances are they can provide some great resources to get you started on the right track. My score advisor is a retired IBM exec, his insights, and his connection to industry is invaluable.
RonPrivate Reply to Ron Amundson | | Mar 31, 2005 4:06 pm | | re: Any bus ideas of what I can do with $ 2000 | # | 
Brian Stauff | | Wow, what an order! Kind of like saying, "I have $50 bring me some food I'd like (but no anchovies!)
For my contribution, let me suggest a few things, first:
1) $2000 is not a small amount of money, chose a place to 'store' it until you have the 'need' for it defined.
2) If 'starting a business' is REALLY something you want to do, you should either:
already know what you likely want to do,
OR you should be prepared to start doing some serious research.
But, it is hard to find a cure for a disease if you haven't even identified the symptoms.
Are you looking to start a business because you WANT to or because you THINK you should? Either way: identify the whys of the answer.
3) Start your research internally. What are your skills, experiences, talents, likes, dislikes, etc. and how could/should they affect what you want to do?
4) Just lay back and dream a bit. Brainstorm with yourself and one or a few trusted people. If you could do/be anything (funding is not the issue here) what would you do/be? Your compadres here can answer 'What do you possibly see me doing/being? Why? No holds barred here because this is not a matter of what you already do/are but instead what you might be/do.
5) Add a side list of 'Things you couldn't pay me to do!' Understand why these things are on your list so when evaluating options you can measure them not only against the list but also against the philosophy.
6) Now start networking! But here, don't waste a lot of people's time kicking tires on vehicles you would never drive. I suggest you start really reading some of the Ryze profiles. Look for sites you can views newsletters you can subscribe/unsubscribe for. Look at what they are offering/talking about and if there is something there that really intrigues you, tell the author so and try to establish a networking/conversation relationship. As you find out more, and assuming you are still interested, ask them:
What exactly do you do?
How do you do it?
Then ask yourself: Would I be likely to enjoy doing those things?
7) Repeat until you get a 'yes' and then pursue until you know what you need to know to satisfy yourself that 'This is something I am willing to put money AND time into.'
Observation: Anything you do for a profit, the pursuit of which I will call business, requires that you provide a product or service of enough value to enough others that you can receive a reasonable return on your investment of time and money. You automatically eliminated MLM from your search, (and I am not advocating or deprecating MLM here), and to me that seems out of place because MLM is simply an methodology for delivering product or service. If, by my definition of business, you have a product or service that is 'right' for you, your choice of delivery should be open what best suits that product or service and you haven't yet identified that product or service.
Steps 1-7 should help in identification of possible paths and requirements, things you currently have that you can bring to the table and things you will need to get or improve on to accomplish your ultimate objective. Consider joining some groups or offerings that can provide education. Just remember, not all 'paid for' education is valuable (except in learning 'I'll never do that again, because.....), and not all free advice is worth more than its cost.
Personally, I enjoy multiple income streams. I associate myself with some great people in a variety of endeavors and what I do I feel is valuable and fun (or I don't do them or associate with them). The streams are passive, active, residual, leveraged, non-residual, non-leveraged, serious, fun, short term and long term. Some are combinations but none are all. If you get to step 6 and would like to talk, I'll make myself available.
Bottom line, you may just decide you found a good place to 'store' the money and an some passive investment return is enough to satisfy you. Investing money in a business or an investment vehicle doesn't give you an automatic return of profit. And, with the business there is implied additional investment of time.
By the way, did you know that most salad dressing use anchovies in their base?
Brian Stauff
COO, TAFE Services Company, LLC
http://tafesvc.com http://meettheauthor.netPrivate Reply to Brian Stauff | | Mar 31, 2005 5:19 pm | | re: Any bus ideas of what I can do with $ 2000 | # |
Susan Perkins | | I became slightly confused when having read Brian Stauff's comments once - I came back to begin reading the same post - Brian did you delete your prior post and then repost the same message? It is rather long - so I didn't want to have to re-read to find something else you might have added to the first one if I didn't have to! :-)
Daniella - I had posted to you privately regarding your request as I thought that would be the best choice since anyone really posting to this board would be "advertising" for their particular product/service and I'm not sure of this boards guidelines in that regard.
Nevertheless, please do let us know specifically what kind of work you are interested in. Your original request was somewhat vague - You have $2000 to spend on a business - and You do not want that business to be MLM.
More information is needed to help you with your request.
1. As Brian stated - Know what you love to do - and Know what you would find unexceptable.
2. Do you want to represent a particular company independently or do you want to start your own business from the ground up - i.e. create your own product/service.
3. How much time do you have each week?
4. If you don't do this - what are your options for employment? In other words - YOUR driving reason why you must succeed at your own business.
Please do clarify so we may be able to direct you better - if that is the reason why you posted originally. We surely don't want to begin a free-for-all "viaing" for those $'s!! :-)
Most sincerely, Susan (The Nation's Capital)
Private Reply to Susan Perkins | | Mar 31, 2005 9:46 pm | | re: Any bus ideas of what I can do with $ 2000 | # | 
Denise O'Berry | | Dear Members --
For anyone who may be confused about Brian's post, it was deleted the first time because it contained an email address which is in conflict with the network guidelines. I would have preferred to have Brian just edit it out, but Ryze does not provide that capability.
I ask Brian to repost his great advice without the email address. It was such a meaty, helpful post.
Please remember that email addresses are not allowed, but a great signature and link to your website or a helpful tool is allowed. This is for your safety from the spam robots.
Thanks for your understanding and cooperation!
Best regards,
Denise O'Berry
Network LeaderPrivate Reply to Denise O'Berry | | Mar 31, 2005 11:24 pm | | re: Any bus ideas of what I can do with $ 2000 | # | 
Sherry Regan | | Daniella, I posted the message to Brian instead it was for you! check out this huge business opportunity for under $200.00. I am one of the leaders of the company so I fo alot of 3-way calling helping others make money and get what they want. I bet you know at least 2 prople that want more energy, money or need to lose weight right? Have you ever been first? I am! You can be too. "Just ask this quedtion "If there was a great tasting gourment lollipop that would give you energy and help you lose weight if you needed to would you use it or don"t you know someone who would?" INvest an additonal $304.95 and you will receive 21 bags of "Power-POPs. Your profit at $1.00 per pop is $325.00. Where can you spend $304.95 and make $325.00 profit? NOWHERE!!! I love this tool to keep in conatct with my associates and family BY STREAMING VIDEO E-MAILS . go to www.myvideotalk.com/11504 both are non fushing binaries. Sherry Regan "Queen Of the Power POPS"! P.S By the way these a re both MLM and life is MLM. Everyone is always making money off you. Gas,Groceries,bank ETC. Private Reply to Sherry Regan | | Apr 02, 2005 1:28 pm | | re: Any bus ideas of what I can do with $ 2000 | # | 
Caroline Jordan | | Daniella,
Lots of business owners start with less than $2000. My suggestion is to go to Brian Stauff's post, print it off, and start brain storming ideas and following his pointers--his advice is solid.
You want to have first, foremost, and most critcally a hungry market. Don't waste your money on trying to sell winter gloves to people in Tahiti. That will eat up your money faster than a pie at a pie eating contest.
You have $2000. You'll need to budget that very carefully. Are you able to do this business on the side? If so, $2000 can go a long way. If you need this business to provide you an immediate income for groceries, $2000 will disappear very quickly. You'd be better off investing that money in a CD. A little return on investment is better than losing it all on the gamble of self employment.
If you want to move forward with using the money for creating a business, plan out what you want to achieve before you spend a dime. Getting the internal stuff straight saves you A LOT of wasted time and money. Developing a successful business takes a great deal of time, thought, and effort. Be sure to learn everything you can about finances and marketing. You can't build a business without them.
If you want help brainstorming business ideas, get Paul & Sarah Edwards book "The Best Home Businesses for the 21st Century." They give great tips and pointers for choosing a business and the basic "stuff" you'll need to get started in those businesses.
Best regards,
Caroline Jordan
Small business mentor & consultant
Cash Flow Headaches? We've got the cure.
www.TheJordanResult.com/mastering.html
Caroline Jordan MBA
Get Knowledge. Get Focus. Get Results.
The Jordan Result
www.TheJordanResult.com Private Reply to Caroline Jordan | | |
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