Forums: Discussions for entrepreneurs and small business.

Hello,

So I've saved a small bit of money and want to either start a business or invest in one. The thing is I don't want to do stocks, gold or anything with bank interest.

If you were me, what would you put the money to?

Thanks,

Briton

If i have some money then i invest it in real state it is very good investment.

thats a good idea, but I have no where near that much money to invest.

You have to decide whether you are looking for a safe investment or looking at being self employed in your own business.  An investment assuming it is in a bond or savings account is the most secure. A business is the least secure.  You have to ask yourself how willing you are to take risks.

If you are used to a weekly paycheck then realize there are times in self employment when you will be living off of your savings because your cash flow will be erratic. As a self employed professional I can remember times when the cash flow did not cover my salary so I had to do without.  But...if you are willing to take the risk and go for it the rewards can be wonderful.

You have to remember one thing as you operate your business. You are the owner and will be juggling, bookkeeping, marketing, advertising, sales and human relations. You have to remember you are not just an employee making or selling widgets. You are in charge of everything and have to learn how to use other peoples expertise for your benefit.

Food for thought.

All the best,

Mike Crosa Send Out Cards Distributor

Helping my clients increase their bottom line, one card at a time.

www.sendoutcards.com/cardcoach

352-854-8943

Hi if your looking to buy an online business for $1k or less take a look at flippa.com I have not yet bought anything from them, still not sure what kind of business I want. But from what I see they have the best listings. there are tons of sites there selling for way under $1k some already making money.

You can probably buy an OK domain name and start something.

You could probably put it into some mutual funds that invest in stocks but spread the risk around. As your bank or look online. Many banks offer mutual funds checking accounts that you can use as well as earn interest with.

You won't make many as quickly as stocks, but you'll see a steady growth.

you can start online business ,and i prefer selling information products , it cost you less to start , and big return , i can guide you

I think you should start a business based on your expertise. Have a website and start promoting your services but do some thing regarding which you have prior knowledge or have done thorough research.

If you haven't got sufficient funds yet then go for free lancing and take different projects. That way you can make a saving and at the same time will have the experience of doing work online.

Don't put it all in one basket.

Take a portion (i.e. $100) and earn over 9% via LendingClub.com

and place another $250 in forex - See 3 Steps to Forex Millions

Perhaps another $100 or so in Index Funds. (See Morningstar)

That would leave you with $550.

Watch the above over a 3 month period. If your money grows, pay yourself and reinvest the rest.

Don't plunk all your money down on any one thing unless you own the company.

Take your time. Don't be greedy. Steady growth is key.

Good Luck!