I`m a new reader/poster. I am a 32 y.o. Ph.D. student and I`ll be graduating this year, hopefully in August. This experience made me realize that I don`t want to "just work" in the area that I`m studying, Pharmaceutical Sciences. However, the past year has revived a childhood dream of working for myself. I have several business ideas, but I don`t know what`s more important "startability" or earning potential. I`ve listed them in order of startup capital needed.
- An employment preparation consulting service
- Manufacture or License an invention - in prototype stage now
- Hot Sauce - Sell several different (family recipe) hot sauces
- Open a franchise of a local restaurant
- Entertainment e-commerce
- Premium alcoholic beverages
- Pharmaceutical drug company
I do not want to be a person with regrets about not pursuing their dreams, but I`m a little scared of choosing the wrong idea to pursue. Should I gain capital from the "cheapest" business and use it to fund the businesses that may be more lucrative?