Hey everyone, looking for advice if you had 70k to start a business what would it be and why? I know it’s not a crazy amount but it’s what I’m working with. Looking for something profitable, I also already know it’s not gonna happen over night.
I was already working on a plan to open a smoke shop but I keep getting let down by not getting the locations I want. It was either they didn’t want that type of business in that location or someone already beat me to it. I still have hopes but I’m starting to lose faith.
Edit: Grand Rapids, Michigan
If you had 70k to start a business
byu/Jazzlike_Cup1012 inEntrepreneur
Posted by Jazzlike_Cup1012
15 Comments
Look into acquiring an existing business.
I would acquire an established insurance agency. It can absolutely be overnight. You can make around 150k net a month within a year.
It depends on a number of factors. For people to give you advice try to be more specific. Try to include location, what businesses are you keen on opening and in what businesses are there to much competition for you to try.
Do you have experience with content creation?
if so, consider flippa dot com for buying a digital business
i haven’t bought any, because I lack the capital, but there are some nice YouTube channels / websites that will pay you back within a year, at the latest
Hello. Start a business where? In the USA? In Europe? Elsewhere? What country?
Boba.
I would use it as a down payment on a west coast commercial fishing vessel. Preferably from an old guy retiring who took good care of his boat and is willing to teach some things to the next generation
I suggest you to buy a running business from flippa or empireflippers. You will start making money from day one.
You can buy services business as well. Products businesses are quite hectic.
Buy or build a laundry mat. you may need a small loan in addition to your 75K but you will make that every year with little of your own time invested. Doubling your money every year is a great investment.
In today’s world, it’s all about working smart rather than just working hard. I have a promising plan for you. If you invest just $30K, you could be looking at $400K to $600K in three months. I have a friend who started a crypto challenge with $20K and has already reached $198K within just a month. He previously completed a challenge where he grew $100K to $1M, and I believe he will reach $1M again within a few months.
If you’re interested, send me a message, and I’ll provide you with his public copy trading account. You can see his balance, the positions he’s holding, and how he started with just $20K. I truly believe that by following his trading strategy, you could also achieve $1M or at least $400K to $600K, as he is currently targeting $1M. Many people are finding success by working smart, and I’m confident you can do the same
Personally I’d hire more people to help finish the video game I been working on since 2017
How about a car wash, or vending business? Auto washing machine business? Boring businesses are the most profitable and consistent
I own a smoke shop. Don’t lose faith if you need any help dm me! Shrimps smoke shop is my smoke shop if you want to vet me.
Grab a chil fil a
There’s a couple of car accessory designs I have that Id invest in the tooling for.