Starting my own business

• eagle

  29 Sep 08, 11:40

  Originally posted by charlize:

  Damn, beggers cannot be choosers, I guess.

   

  Need to rack my brains hard.

   

  What can I do to make good money these days?

  Before earning the money, one needs to watch how one spends his/her money.

  It seems like many spend almost as much as they earn; when they get a pay raise, somehow their monthly expenditure will rise and in the end, they dun have any extra savings.

• RedizAlertz

  29 Sep 08, 11:45

  Originally posted by charlize:

  Damn, beggers cannot be choosers, I guess.

   

  Need to rack my brains hard.

   

  What can I do to make good money these days?

  
  Making good money is exploring where "normal" pple choose to avoid. 

  As for where...think abt it urself. 

• Realazy Spaz

  30 Sep 08, 14:14

  So have you already thought of what you are going to do already?

• mistyblue

  30 Sep 08, 14:18

  sell your arse?

• BrUtUs

  30 Sep 08, 15:03

  since R_M is law student then provide 1st level legal helpdesk... clue: odex...

• RETARDED_MORON

  1 Oct 08, 17:12

  Originally posted by Realazy Spaz:

  So have you already thought of what you are going to do already?

  
  Armed with my 30-page business plan, I've begun to woo potential investors.

• Parka

  10 Oct 08, 22:56

  Originally posted by RETARDED_MORON:

  
  Armed with my 30-page business plan, I've begun to woo potential investors.

  Investors typically want to see that you already have something in play already. Ideas are worthless if not executed well.

  So if I'm an investor, why should I invest in you? Especially when you have nothing concrete to show? No ROI. No history or background on your partners and most importantly yourself.

  
  Remember, to get something in value (investment in this case), you must give something of equal value (something concrete).

• Parka

  10 Oct 08, 22:58

  Originally posted by RETARDED_MORON:

  I'm a first-year law school undergraduate and I look forward to opening my first business by year two the latest. I have several ideas already, and once I consult my professors, I will start writing my business plan.
  
  My question: what are businesses with low start-up capital and low operating costs, apart from internet businesses? And preferably ones with no need for retail/office space?
  
  Thanks in advance. :)

  I've read countless startup stories and almost every single one says this, "Find out what you're passionate about and do it."

  All kinds of business can make money. The amount depends on the individual.

• RETARDED_MORON

  12 Oct 08, 12:31

  Originally posted by Parka:

  Investors typically want to see that you already have something in play already. Ideas are worthless if not executed well.

  So if I'm an investor, why should I invest in you? Especially when you have nothing concrete to show? No ROI. No history or background on your partners and most importantly yourself.

  
  Remember, to get something in value (investment in this case), you must give something of equal value (something concrete).

  Thanks for the advice.

  First of all, I would turn to my school for consultancy and initial support (as well as venture capital) to at least get incorporated and have my first sales. The university is fairly supportive of student enterprises. Then, depending on the growth of my business, I'll have subsequent rounds of investment from angel investors and possibly the government.

  Would that be viable?

• charlize

  12 Oct 08, 15:07

  I suspect the entrepeneur bug will bite again as this recession becomes worse in the next year or two.

   

  People who are laid off and can't find another job will have to think of alternatives to make a living.

   

  More people will be starting up new and interesting ventures soon.