$50,000 what business would you start?

Hi WSO,

I summon your collective minds to brainstorm on this idea!!

If you have $50,000 and you can start any business what business would you start and why?

-$500 monthly stipend for food/gas/cell phone
-couch is free (parents/gf/friends)

Present your business case and I will shower you with SB's like I shower supermodels with Cristal

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Comments (77)

Jun 10, 2013

a way to instantly download a pizza I can eat.

    • 1
Jun 10, 2013
couchy:

a way to instantly download a pizza I can eat.

R&D cost would run in millions but thanks for the input!

Jun 10, 2013
couchy:

a way to instantly download a pizza I can eat.

dude, a 3d printing oven would be pretty f'ing sweet

If the glove don't fit, you must acquit!

Jun 10, 2013
couchy:

a way to instantly download a pizza I can eat.

Sorry, someone has already invented that. (Sorta)

Jul 22, 2016

Really evil: offer a subscription to a weight loss program along with that pizza machine.

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Jun 10, 2013

You can franchise a carpet cleaning business for that much, and as long as you have a good personality and can hire cheap labor it would be a pretty easy to make some money.

50k really isnt enough to start business. You could also buy some foreclosed properties in the ghetto and flip them/rent them, but most people don't have the thick skin for the job.

Jun 10, 2013
Ruskii:

You can franchise a carpet cleaning business for that much, and as long as you have a good personality and can hire cheap labor it would be a pretty easy to make some money.

50k really isnt enough to start business. You could also buy some foreclosed properties in the ghetto and flip them/rent them, but most people don't have the thick skin for the job.

A friend of mine did that and it works pretty well. Methodology is:
1 - Go to a ghetto city/neighborhood (hint: harlem is not what you're looking for... Soothie? Philly?)
2 - Befriend one of these guys who buy foreclosed units by the dozen. No way you can directly compete with him, so buy a unit from him. Make sure it's in a poor neighborhood where people can't quite afford to move away and definitely can't buy. Pay say $30k.
3 - Never set foot in the actual property
4 - Hire a house renovator, fix what has to be fixed, clean the place. Spend 5 to 10k
5 - Have the property appraised. Value appraised? ~$60k, no joke
6 - Rent it with a broker who'll also be in charge of collecting rents. Don't shoot too high, but $800 is doable. The trick? Those people likely receive some kind of federal pension/benefits and you can grab them if they stop paying.
7 - Borrow $50k from a bank, bringing your first, appraised and wonderful, property as collateral. Repeat.

Does work but yeah, you've got to have a thick skin for that. Payback periods are incredibly shorts (most likely because it's your only way to actually recover your principal)...

    • 2
Jun 11, 2013
nonos:
Ruskii:

You can franchise a carpet cleaning business for that much, and as long as you have a good personality and can hire cheap labor it would be a pretty easy to make some money.
50k really isnt enough to start business. You could also buy some foreclosed properties in the ghetto and flip them/rent them, but most people don't have the thick skin for the job.

A friend of mine did that and it works pretty well. Methodology is:
1 - Go to a ghetto city/neighborhood (hint: harlem is not what you're looking for... Soothie? Philly?)
2 - Befriend one of these guys who buy foreclosed units by the dozen. No way you can directly compete with him, so buy a unit from him. Make sure it's in a poor neighborhood where people can't quite afford to move away and definitely can't buy. Pay say $30k.
3 - Never set foot in the actual property
4 - Hire a house renovator, fix what has to be fixed, clean the place. Spend 5 to 10k
5 - Have the property appraised. Value appraised? ~$60k, no joke
6 - Rent it with a broker who'll also be in charge of collecting rents. Don't shoot too high, but $800 is doable. The trick? Those people likely receive some kind of federal pension/benefits and you can grab them if they stop paying.
7 - Borrow $50k from a bank, bringing your first, appraised and wonderful, property as collateral. Repeat.

Does work but yeah, you've got to have a thick skin for that. Payback periods are incredibly shorts (most likely because it's your only way to actually recover your principal)...

i have never fucking heard of a home that cheap, even if the ghetto. what teh fuck

Jun 11, 2013
AnalystMonkey2769:
nonos:

Ruskii:
You can franchise a carpet cleaning business for that much, and as long as you have a good personality and can hire cheap labor it would be a pretty easy to make some money.
50k really isnt enough to start business. You could also buy some foreclosed properties in the ghetto and flip them/rent them, but most people don't have the thick skin for the job.

A friend of mine did that and it works pretty well. Methodology is:
1 - Go to a ghetto city/neighborhood (hint: harlem is not what you're looking for... Soothie? Philly?)
2 - Befriend one of these guys who buy foreclosed units by the dozen. No way you can directly compete with him, so buy a unit from him. Make sure it's in a poor neighborhood where people can't quite afford to move away and definitely can't buy. Pay say $30k.
3 - Never set foot in the actual property
4 - Hire a house renovator, fix what has to be fixed, clean the place. Spend 5 to 10k
5 - Have the property appraised. Value appraised? ~$60k, no joke
6 - Rent it with a broker who'll also be in charge of collecting rents. Don't shoot too high, but $800 is doable. The trick? Those people likely receive some kind of federal pension/benefits and you can grab them if they stop paying.
7 - Borrow $50k from a bank, bringing your first, appraised and wonderful, property as collateral. Repeat.
Does work but yeah, you've got to have a thick skin for that. Payback periods are incredibly shorts (most likely because it's your only way to actually recover your principal)...

i have never fucking heard of a home that cheap, even if the ghetto. what teh fuck

Quite common actually, in areas where things are much cheaper you have had families that have owned homes for decades have little left on their mortgage go into foreclosure due to job loss or other factors. However the rent rates suggested are quite high for an area where 50k homes are the norm, you would be looking at closer to 500/month.

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

Jun 11, 2013
AnalystMonkey2769:
nonos:

Ruskii:
You can franchise a carpet cleaning business for that much, and as long as you have a good personality and can hire cheap labor it would be a pretty easy to make some money.
50k really isnt enough to start business. You could also buy some foreclosed properties in the ghetto and flip them/rent them, but most people don't have the thick skin for the job.

A friend of mine did that and it works pretty well. Methodology is:
1 - Go to a ghetto city/neighborhood (hint: harlem is not what you're looking for... Soothie? Philly?)
2 - Befriend one of these guys who buy foreclosed units by the dozen. No way you can directly compete with him, so buy a unit from him. Make sure it's in a poor neighborhood where people can't quite afford to move away and definitely can't buy. Pay say $30k.
3 - Never set foot in the actual property
4 - Hire a house renovator, fix what has to be fixed, clean the place. Spend 5 to 10k
5 - Have the property appraised. Value appraised? ~$60k, no joke
6 - Rent it with a broker who'll also be in charge of collecting rents. Don't shoot too high, but $800 is doable. The trick? Those people likely receive some kind of federal pension/benefits and you can grab them if they stop paying.
7 - Borrow $50k from a bank, bringing your first, appraised and wonderful, property as collateral. Repeat.
Does work but yeah, you've got to have a thick skin for that. Payback periods are incredibly shorts (most likely because it's your only way to actually recover your principal)...

i have never fucking heard of a home that cheap, even if the ghetto. what teh fuck

Then you've never been to some of the finer neighborhoods in New Orleans. I almost bought a duplex for $7,500 on my Mastercard once. There's parts of Detroit where you could buy two houses for that.

Jun 11, 2013
Edmundo Braverman:
AnalystMonkey2769:

nonos:

Ruskii:
You can franchise a carpet cleaning business for that much, and as long as you have a good personality and can hire cheap labor it would be a pretty easy to make some money.
50k really isnt enough to start business. You could also buy some foreclosed properties in the ghetto and flip them/rent them, but most people don't have the thick skin for the job.
A friend of mine did that and it works pretty well. Methodology is:
1 - Go to a ghetto city/neighborhood (hint: harlem is not what you're looking for... Soothie? Philly?)
2 - Befriend one of these guys who buy foreclosed units by the dozen. No way you can directly compete with him, so buy a unit from him. Make sure it's in a poor neighborhood where people can't quite afford to move away and definitely can't buy. Pay say $30k.
3 - Never set foot in the actual property
4 - Hire a house renovator, fix what has to be fixed, clean the place. Spend 5 to 10k
5 - Have the property appraised. Value appraised? ~$60k, no joke
6 - Rent it with a broker who'll also be in charge of collecting rents. Don't shoot too high, but $800 is doable. The trick? Those people likely receive some kind of federal pension/benefits and you can grab them if they stop paying.
7 - Borrow $50k from a bank, bringing your first, appraised and wonderful, property as collateral. Repeat.
Does work but yeah, you've got to have a thick skin for that. Payback periods are incredibly shorts (most likely because it's your only way to actually recover your principal)...

i have never fucking heard of a home that cheap, even if the ghetto. what teh fuck

Then you've never been to some of the finer neighborhoods in New Orleans. I almost bought a duplex for $7,500 on my Mastercard once. There's parts of Detroit where you could buy two houses for that.

Holy crap. I would love to pour my bonus money into purchasing that when I start working. only problem is, finding homes that cheap in LA are a) either non-existent, or b) in such run down areas in downtown los angeles that it really isn't worth dealing with the tenants or trying to clean up a home that will probably be vandalized/destroyed within 6 months of renovations

but im LOLing at how people I know own expensive watches and could turn it in for a duplex or two in the right area hahah

Sep 19, 2017

i have never fucking heard of a home that cheap, even if the ghetto. what teh fuck

There are homes that cheap in the ghetto (I've bought some). What the hypo is omitting are a bunch of potential pitfalls:

  • These aren't fix uppers that can be done for a measly $5K. Sometimes they need more work than they actually cost.
  • These areas tend to have a shit ton of foreclosures and abandoned homes and the tenant market is absolute garbage so you go Section 8 or bust.
  • These areas also tend not to be in the path of growth so you can forget about appreciation
  • With SFH, the appraisal methodology generally tends to be "like comps" which means if you're in a neighborhood with low sales comps, it doesn't matter what the rental income is. If other homes are selling for $30K, and you bought a piece of shit for $15K that needed $15k worth of work - then your piece of shit is still worth $30K.

My 2 cents.

    • 2
Feb 15, 2019

Yup - it's common in Philly for the row houses. I absolutely agree with this. Kudos. My ex's uncle was doing this and made a killing and still is. He's a piece of shit manipulating the prices but I'll give it to him, he's a good business man.

Jun 10, 2013
Ruskii:

You can franchise a carpet cleaning business for that much, and as long as you have a good personality and can hire cheap labor it would be a pretty easy to make some money.

50k really isnt enough to start business. You could also buy some foreclosed properties in the ghetto and flip them/rent them, but most people don't have the thick skin for the job.

Thanks for the imput. Carpet cleaning, painting businesses are good I know some people who own them in Canada. I wouldn't want to leave my $60k job for that though

Jun 11, 2013

I can think of more fun ways of wasting $50,000. I know you are looking for ideas but a few more details of what you are looking to get out of it would be helpful.

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

Jun 10, 2013
heister:

I can think of more fun ways of wasting $50,000. I know you are looking for ideas but a few more details of what you are looking to get out of it would be helpful.

Lol I can think of some ways too...buying AAPL June 13 calls, getting escorts, balling to vegas for the weekend to drown in pussy etc. But this is my hard earned money. I saved it and didnt buy the rolex, bimmer my friends were buying. Im stuck in a $60k job and after paying $33k in taxes...i feel poor. I am introverted and even though I am good at sales I don't prefer it as it saps away my energy. Thanks for the input sir!!

Jun 10, 2013
go.with.the.flow:
heister:

I can think of more fun ways of wasting $50,000. I know you are looking for ideas but a few more details of what you are looking to get out of it would be helpful.

Lol I can think of some ways too...buying AAPL June 13 calls, getting escorts, balling to vegas for the weekend to drown in pussy etc. But this is my hard earned money. I saved it and didnt buy the rolex, bimmer my friends were buying. Im stuck in a $60k job and after paying $33k in taxes...i feel poor. I am introverted and even though I am good at sales I don't prefer it as it saps away my energy. Thanks for the input sir!!

I know a guy who bought a street sweeping business and has generated enough cash from that to move onto looking for another small business. His goal (after starting with ~$40k) is to own a few businesses that he doesn't have to manage that will bring in a few hundred thousand a year. In 15 years, he'll probably sell some/all of them and retire.

I know another guy who started with a roofing business and now has his own little conglomerate or service and real estate businesses. I'm sure it was a ton of work, but now he's living well.

If you find something truly legit and pretty safe, I could be convinced to throw another $50k in if it didn't require me to leave my day job or travel. $100k cash plus some debt can get you a decent business at times.

The advice I've heard over and over again is don't rush and don't buy a restaurant or bar. There will be good deals due to retirement, health of the owner, economy, etc... But you'll have to work to find them.

twitter: @CorpFin_Guy

Jun 10, 2013
accountingbyday:
go.with.the.flow:

heister:
I can think of more fun ways of wasting $50,000. I know you are looking for ideas but a few more details of what you are looking to get out of it would be helpful.

Lol I can think of some ways too...buying AAPL June 13 calls, getting escorts, balling to vegas for the weekend to drown in pussy etc. But this is my hard earned money. I saved it and didnt buy the rolex, bimmer my friends were buying. Im stuck in a $60k job and after paying $33k in taxes...i feel poor. I am introverted and even though I am good at sales I don't prefer it as it saps away my energy. Thanks for the input sir!!

I know a guy who bought a street sweeping business and has generated enough cash from that to move onto looking for another small business. His goal (after starting with ~$40k) is to own a few businesses that he doesn't have to manage that will bring in a few hundred thousand a year. In 15 years, he'll probably sell some/all of them and retire.

I know another guy who started with a roofing business and now has his own little conglomerate or service and real estate businesses. I'm sure it was a ton of work, but now he's living well.

If you find something truly legit and pretty safe, I could be convinced to throw another $50k in if it didn't require me to leave my day job or travel. $100k cash plus some debt can get you a decent business at times.

The advice I've heard over and over again is don't rush and don't buy a restaurant or bar. There will be good deals due to retirement, health of the owner, economy, etc... But you'll have to work to find them.

Thanks for the input sir. Sadly I am an introvert and cant see myself being a bounty hunter chasing drug fiends for money. But in all seriousness legit idea, I'd rather be the one selling the shovels as people flip properties.

Jun 10, 2013
accountingbyday:
go.with.the.flow:

heister:
I can think of more fun ways of wasting $50,000. I know you are looking for ideas but a few more details of what you are looking to get out of it would be helpful.

Lol I can think of some ways too...buying AAPL June 13 calls, getting escorts, balling to vegas for the weekend to drown in pussy etc. But this is my hard earned money. I saved it and didnt buy the rolex, bimmer my friends were buying. Im stuck in a $60k job and after paying $33k in taxes...i feel poor. I am introverted and even though I am good at sales I don't prefer it as it saps away my energy. Thanks for the input sir!!

I know a guy who bought a street sweeping business and has generated enough cash from that to move onto looking for another small business. His goal (after starting with ~$40k) is to own a few businesses that he doesn't have to manage that will bring in a few hundred thousand a year. In 15 years, he'll probably sell some/all of them and retire.

I know another guy who started with a roofing business and now has his own little conglomerate or service and real estate businesses. I'm sure it was a ton of work, but now he's living well.

If you find something truly legit and pretty safe, I could be convinced to throw another $50k in if it didn't require me to leave my day job or travel. $100k cash plus some debt can get you a decent business at times.

The advice I've heard over and over again is don't rush and don't buy a restaurant or bar. There will be good deals due to retirement, health of the owner, economy, etc... But you'll have to work to find them.

Just by reading about this guy..seems like a real hustler. I came looking for e-commerce advice as i thought WSO tech savvy members could chime in. But thanks for the input sir!!

Jun 10, 2013
go.with.the.flow:
accountingbyday:

go.with.the.flow:

heister:
I can think of more fun ways of wasting $50,000. I know you are looking for ideas but a few more details of what you are looking to get out of it would be helpful.
Lol I can think of some ways too...buying AAPL June 13 calls, getting escorts, balling to vegas for the weekend to drown in pussy etc. But this is my hard earned money. I saved it and didnt buy the rolex, bimmer my friends were buying. Im stuck in a $60k job and after paying $33k in taxes...i feel poor. I am introverted and even though I am good at sales I don't prefer it as it saps away my energy. Thanks for the input sir!!

I know a guy who bought a street sweeping business and has generated enough cash from that to move onto looking for another small business. His goal (after starting with ~$40k) is to own a few businesses that he doesn't have to manage that will bring in a few hundred thousand a year. In 15 years, he'll probably sell some/all of them and retire.
I know another guy who started with a roofing business and now has his own little conglomerate or service and real estate businesses. I'm sure it was a ton of work, but now he's living well.
If you find something truly legit and pretty safe, I could be convinced to throw another $50k in if it didn't require me to leave my day job or travel. $100k cash plus some debt can get you a decent business at times.
The advice I've heard over and over again is don't rush and don't buy a restaurant or bar. There will be good deals due to retirement, health of the owner, economy, etc... But you'll have to work to find them.

Just by reading about this guy..seems like a real hustler. I came looking for e-commerce advice as i thought WSO tech savvy members could chime in. But thanks for the input sir!!

I'm on the same page - I'd love to get a profitable e-commerce site. I was just giving examples of people I know who have made it on a similar path.

I wish I knew Internet entrepreneurs because I'd be trying to learn everything I could from them.

twitter: @CorpFin_Guy

Jul 25, 2016

well you guys know me...ask away! ;)

Jun 10, 2013
accountingbyday:

The advice I've heard over and over again is don't rush and don't buy a restaurant or bar. There will be good deals due to retirement, health of the owner, economy, etc... But you'll have to work to find them.

Definitely, it really is a case by case basis, even celebrities routinely get hosed in the restaurant game. Best with restaurants is to be a part owner and have a good handle on who's actually running the show. With $50K I'd join a group financing a restaurant, if done right that will have a very high return after the main expenses are paid off (new stoves, etc etc etc)....bars are even higher margin but more headache unless you really know what you're doing and have a good group of people running things

Jun 11, 2013
UFOinsider:
accountingbyday:

The advice I've heard over and over again is don't rush and don't buy a restaurant or bar. There will be good deals due to retirement, health of the owner, economy, etc... But you'll have to work to find them.

Definitely, it really is a case by case basis, even celebrities routinely get hosed in the restaurant game. Best with restaurants is to be a part owner and have a good handle on who's actually running the show. With $50K I'd join a group financing a restaurant, if done right that will have a very high return after the main expenses are paid off (new stoves, etc etc etc)....bars are even higher margin but more headache unless you really know what you're doing and have a good group of people running things

Location Location Location.

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

Jun 10, 2013
heister:
UFOinsider:

accountingbyday:
The advice I've heard over and over again is don't rush and don't buy a restaurant or bar. There will be good deals due to retirement, health of the owner, economy, etc... But you'll have to work to find them.

Definitely, it really is a case by case basis, even celebrities routinely get hosed in the restaurant game. Best with restaurants is to be a part owner and have a good handle on who's actually running the show. With $50K I'd join a group financing a restaurant, if done right that will have a very high return after the main expenses are paid off (new stoves, etc etc etc)....bars are even higher margin but more headache unless you really know what you're doing and have a good group of people running things

Location Location Location.

Definitely true, much more important is the people you go in with...

Jun 11, 2013
UFOinsider:
heister:

UFOinsider:

accountingbyday:
The advice I've heard over and over again is don't rush and don't buy a restaurant or bar. There will be good deals due to retirement, health of the owner, economy, etc... But you'll have to work to find them.
Definitely, it really is a case by case basis, even celebrities routinely get hosed in the restaurant game. Best with restaurants is to be a part owner and have a good handle on who's actually running the show. With $50K I'd join a group financing a restaurant, if done right that will have a very high return after the main expenses are paid off (new stoves, etc etc etc)....bars are even higher margin but more headache unless you really know what you're doing and have a good group of people running things

Location Location Location.

Definitely true, much more important is the people you go in with...

Not exactly, while yes it is helpful if a partner has experience. What matters most is honest active management that has experience. The day to day manager needs to know his stuff and have a strong will to keep the staff in line.

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

Jun 10, 2013
heister:
UFOinsider:

heister:

UFOinsider:
accountingbyday:
The advice I've heard over and over again is don't rush and don't buy a restaurant or bar. There will be good deals due to retirement, health of the owner, economy, etc... But you'll have to work to find them.
Definitely, it really is a case by case basis, even celebrities routinely get hosed in the restaurant game. Best with restaurants is to be a part owner and have a good handle on who's actually running the show. With $50K I'd join a group financing a restaurant, if done right that will have a very high return after the main expenses are paid off (new stoves, etc etc etc)....bars are even higher margin but more headache unless you really know what you're doing and have a good group of people running things
Location Location Location.

Definitely true, much more important is the people you go in with...

Not exactly, while yes it is helpful if a partner has experience. What matters most is honest active management that has experience. The day to day manager needs to know his stuff and have a strong will to keep the staff in line.

Do you have first hand experience in this?

Jun 11, 2013
UFOinsider:
heister:

UFOinsider:

heister:
UFOinsider:
accountingbyday:
The advice I've heard over and over again is don't rush and don't buy a restaurant or bar. There will be good deals due to retirement, health of the owner, economy, etc... But you'll have to work to find them.
Definitely, it really is a case by case basis, even celebrities routinely get hosed in the restaurant game. Best with restaurants is to be a part owner and have a good handle on who's actually running the show. With $50K I'd join a group financing a restaurant, if done right that will have a very high return after the main expenses are paid off (new stoves, etc etc etc)....bars are even higher margin but more headache unless you really know what you're doing and have a good group of people running things
Location Location Location.
Definitely true, much more important is the people you go in with...

Not exactly, while yes it is helpful if a partner has experience. What matters most is honest active management that has experience. The day to day manager needs to know his stuff and have a strong will to keep the staff in line.

Do you have first hand experience in this?

Indirect. Family friends own many restaurants. The most successful restaurants are not the ones the owner is at every day micro managing everything but rather the ones where an experienced management team keeps everything on the rails and the quality up.

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

Jun 10, 2013
heister:
UFOinsider:

heister:

UFOinsider:
heister:
UFOinsider:
accountingbyday:
The advice I've heard over and over again is don't rush and don't buy a restaurant or bar. There will be good deals due to retirement, health of the owner, economy, etc... But you'll have to work to find them.
Definitely, it really is a case by case basis, even celebrities routinely get hosed in the restaurant game. Best with restaurants is to be a part owner and have a good handle on who's actually running the show. With $50K I'd join a group financing a restaurant, if done right that will have a very high return after the main expenses are paid off (new stoves, etc etc etc)....bars are even higher margin but more headache unless you really know what you're doing and have a good group of people running things
Location Location Location.
Definitely true, much more important is the people you go in with...
Not exactly, while yes it is helpful if a partner has experience. What matters most is honest active management that has experience. The day to day manager needs to know his stuff and have a strong will to keep the staff in line.

Do you have first hand experience in this?

Indirect. Family friends own many restaurants. The most successful restaurants are not the ones the owner is at every day micro managing everything but rather the ones where an experienced management team keeps everything on the rails and the quality up.

Yes, definitely

Jun 11, 2013
accountingbyday:
go.with.the.flow:

heister:
I can think of more fun ways of wasting $50,000. I know you are looking for ideas but a few more details of what you are looking to get out of it would be helpful.

Lol I can think of some ways too...buying AAPL June 13 calls, getting escorts, balling to vegas for the weekend to drown in pussy etc. But this is my hard earned money. I saved it and didnt buy the rolex, bimmer my friends were buying. Im stuck in a $60k job and after paying $33k in taxes...i feel poor. I am introverted and even though I am good at sales I don't prefer it as it saps away my energy. Thanks for the input sir!!

I know a guy who bought a street sweeping business and has generated enough cash from that to move onto looking for another small business. His goal (after starting with ~$40k) is to own a few businesses that he doesn't have to manage that will bring in a few hundred thousand a year. In 15 years, he'll probably sell some/all of them and retire.

I am in the course of selling a business that I do not actively manage on a day to day basis. Let me tell you that if you are looking for a business that you do not have to actively manage you will need a company that is doing 10s of millions if not hundreds of millions in business every year. Having a full management team on the payroll is very expensive. A business is not really a true business until you can walk away from it and it can manage to run itself with just a little personal oversight. A lot of people get grand ideas that they want to be their own boss, have their own company. You need to be realistic in what you trying to do. Do you want to be self employed and replace your income with something that you started? Do you want to have a company that will run itself and leave you free to explore other opportunities and life? Those are two very different things and need to be approached that way. If you want an idea that you can do both you need to look at ideas that are franchise-able. The idea has to not only be easily replicated with training but also an idea that the quality can be maintained with each additional franchise.

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

  • Anonymous Monkey
  •  Apr 18, 2016

Re-read his question. What business would you start for $50,000...period. There are no other details necessary. If you don't know the answer, don't respond.

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Jun 10, 2013

This is how I would do it:
- Do I want to do something local (1) or global(2)?
(1) If it is local, I'd wonder what is missing in my town/area? A tutoring company/website to link students who are offering their services and kids/parents who are looking for a private tutor?
(2) Can I sell something on the internet that has demand or that would be successful?

Website costs + a little marketing wouldn't cost much.

Of course, there's many more things you could do or start with but honestly, I don't have any ideas right at the moment (and if I did, I'd probably do it myself).

My 0.02$

Jun 10, 2013
MEvolutionToday:

This is how I would do it:
- Do I want to do something local (1) or global(2)?
(1) If it is local, I'd wonder what is missing in my town/area? A tutoring company/website to link students who are offering their services and kids/parents who are looking for a private tutor?
(2) Can I sell something on the internet that has demand or that would be successful?

Website costs + a little marketing wouldn't cost much.

Of course, there's many more things you could do or start with but honestly, I don't have any ideas right at the moment (and if I did, I'd probably do it myself).

My 0.02$

Friends started tutoring business in school. It was a pain in ass, student flaked on appointments etc.

Jun 10, 2013
go.with.the.flow:
MEvolutionToday:

This is how I would do it:
- Do I want to do something local (1) or global(2)?
(1) If it is local, I'd wonder what is missing in my town/area? A tutoring company/website to link students who are offering their services and kids/parents who are looking for a private tutor?
(2) Can I sell something on the internet that has demand or that would be successful?
Website costs + a little marketing wouldn't cost much.
Of course, there's many more things you could do or start with but honestly, I don't have any ideas right at the moment (and if I did, I'd probably do it myself).
My 0.02$

Friends started tutoring business in school. It was a pain in ass, student flaked on appointments etc.

As someone that worked frequently as a tutor, a pre-payment system needs to be put in place to avoid these kinds of things. To make money off a tutoring business is tough. I have started a nonprofit but its too difficult getting it off the ground

Jun 11, 2013

thanks to your opinion.
how much would you have to invest for website + marketing?
and how long would it take to reach breakeven point?

Prospective Asian Market Specialist

Jun 10, 2013
go.with.the.flow:

Present your business case and I will shower you with SB's like I shower supermodels with Cristal

So basically no SB's for anyone :(

In all seriousness, probably invest in some start-ups.

Jun 10, 2013
DaisukiDaYo:
go.with.the.flow:

Present your business case and I will shower you with SB's like I shower supermodels with Cristal

So basically no SB's for anyone :(

In all seriousness, probably invest in some start-ups.

Waiting for Congress to pass the JOBS act later this year or early next year. Then I can invest into companies I think have potential. Right now you have to be a HNWI to invest in start ups.

Jul 25, 2016
go.with.the.flow:
DaisukiDaYo:

go.with.the.flow:
Present your business case and I will shower you with SB's like I shower supermodels with Cristal

So basically no SB's for anyone :(
In all seriousness, probably invest in some start-ups.

Waiting for Congress to pass the JOBS act later this year or early next year. Then I can invest into companies I think have potential. Right now you have to be a HNWI to invest in start ups.

Also waiting...would like to invest in some start ups but also give the opportunity for some WSO members to have an interest in WSO.

Jun 11, 2013
WallStreetOasis.com:
go.with.the.flow:

DaisukiDaYo:

go.with.the.flow:
Present your business case and I will shower you with SB's like I shower supermodels with Cristal
So basically no SB's for anyone :(
In all seriousness, probably invest in some start-ups.

Waiting for Congress to pass the JOBS act later this year or early next year. Then I can invest into companies I think have potential. Right now you have to be a HNWI to invest in start ups.

Also waiting...would like to invest in some start ups but also give the opportunity for some WSO members to have an interest in WSO.

You can get investors even the non HNWI investors. You can even form a syndicate and accept investments from a large number of people. There are just a few conditions you have to meet. There is a limit on the amount of money non accredited investors are allowed to put in, and you have to be "personal friends or family". Assuming that everyone can stick to the same story that second part is easy enough.

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

Jun 10, 2013
WallStreetOasis.com:
go.with.the.flow:

DaisukiDaYo:

go.with.the.flow:
Present your business case and I will shower you with SB's like I shower supermodels with Cristal
So basically no SB's for anyone :(
In all seriousness, probably invest in some start-ups.

Waiting for Congress to pass the JOBS act later this year or early next year. Then I can invest into companies I think have potential. Right now you have to be a HNWI to invest in start ups.

Also waiting...would like to invest in some start ups but also give the opportunity for some WSO members to have an interest in WSO.

I'm sure there are many on here that know better than I do, but I thought this was possible now. Not all-out crowd sourcing, but investments from non-high net worth individuals.

I'd definitely be interested in getting a stake in WSO. My preference would be in a more traditional investment or partnership than getting 2% through crowd sourcing.

twitter: @CorpFin_Guy

Jun 10, 2013

You looking for ideas to start a business?

Jun 10, 2013

Rent a food truck and serve English muffin pizzas. Cheap, delicious, and you will have flexible hours and locations.

Jun 10, 2013
TheMonkeysUncle:

Rent a food truck and serve English muffin pizzas. Cheap, delicious, and you will have flexible hours and locations.

Or better yet, open a store that only sells muffin tops and call it "Top of the Muffin to You!"

Jun 10, 2013

We started Jet Cigs with a $50K investment. I think you'd be crazy to start an ecig company at this stage of the game but just fyi that you can start a real business for ~$50K. Obviously we've seen more investment since then but that was to fund growth.

There's a ton of OEM in China that you could buy stuff from, put a logo on it, and sell it here for a nice markup. Alibaba can make you rich.

    • 1
Jun 10, 2013
alexpasch:

We started Jet Cigs with a $50K investment. I think you'd be crazy to start an ecig company at this stage of the game but just fyi that you can start a real business for ~$50K. Obviously we've seen more investment since then but that was to fund growth.

There's a ton of OEM in China that you could buy stuff from, put a logo on it, and sell it here for a nice markup. Alibaba can make you rich.

Thanks thats a really cool idea!!! If you don't mind can you PM me your overheard costs, ROR, competition etc? I would assume you are doing this FT?

    • 1
Jun 10, 2013

Import/Export to/from Mexico.

Jun 10, 2013

I'd start a low-cost 3D printing foundry immediately adjacent to one of the major engineering/startup schools. Think Kinkos for product prototypes (or just for basic goods) that Stanford, Berkeley, MIT, etc. students have easy and affordable access to. Franchise that shit, build up the number of stores, then sell it to a MM PE firm before in-home 3D printers become ubiquitous. BOOM.

Edit: This could also work well (perhaps better?) with Art School students.

    • 1
Jun 10, 2013
Nouveau Richie:

I'd start a low-cost 3D printing foundry immediately adjacent to one of the major engineering/startup schools. Think Kinkos for product prototypes (or just for basic goods) that Stanford, Berkeley, MIT, etc. students have easy and affordable access to. Franchise that shit, build up the number of stores, then sell it to a MM PE firm before in-home 3D printers become ubiquitous. BOOM.

Edit: This could also work well (perhaps better?) with Art School students.

that actually sounds like a good idea. y u no do dis?

Jun 10, 2013
Nouveau Richie:

I'd start a low-cost 3D printing foundry immediately adjacent to one of the major engineering/startup schools. Think Kinkos for product prototypes (or just for basic goods) that Stanford, Berkeley, MIT, etc. students have easy and affordable access to. Franchise that shit, build up the number of stores, then sell it to a MM PE firm before in-home 3D printers become ubiquitous. BOOM.

Edit: This could also work well (perhaps better?) with Art School students.


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    • 1
Jun 10, 2013

Well to be most profitable it would have to be something with low capex, low working capital, and low labor requirements, so that eliminates most things. So you're basically left with some sort of tech company that either involves some software or some sort of technological service. Of course lots of people are going down this route so not going to be easy coming up with an original idea, though simple is better here and then all about execution. Think of a problem you have and then come up with a technological solution, then hire some programmers in India/China/Russia to build it for cheap. For example, what about a program that scours through millions of twitter posts and aggregates an up-to-date news/event summary based on twitter feeds, possibly confined to a given region or topic. Or what about a simple program that somehow integrates all your dozens of online passwords together so you only enter one password and it just works. Maybe those already exist or don't make sense, I don't really know, that's why I'm a chump and not an entrepreneur.

Jun 11, 2013
Going Concern:

Well to be most profitable it would have to be something with low capex, low working capital, and low labor requirements, so that eliminates most things. So you're basically left with some sort of tech company that either involves some software or some sort of technological service. Of course lots of people are going down this route so not going to be easy coming up with an original idea, though simple is better here and then all about execution. Think of a problem you have and then come up with a technological solution, then hire some programmers in India/China/Russia to build it for cheap. For example, what about a program that scours through millions of twitter posts and aggregates an up-to-date news/event summary based on twitter feeds, possibly confined to a given region or topic. Or what about a simple program that somehow integrates all your dozens of online passwords together so you only enter one password and it just works. Maybe those already exist or don't make sense, I don't really know, that's why I'm a chump and not an entrepreneur.

They both exist, in many formats

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

Jun 10, 2013

I would start Rickshaw. I did start Rickshaw :-)
A mobile app enabling a community market for transport.

Quit dreaming and go for it!

    • 1
  • Anonymous Monkey
  •  May 3, 2016

I realize this posting is a bit older, sounds like you had Uber's idea before it went big :)

Best Response
Jun 10, 2013

Steps to become an "independent trader"... similar to operating your own business

1. Open 2 currency brokerage accounts
2. Buy $25,000 worth of the Yen/USD in Account 1 & Short $25,000 worth of the Yen/USD in Account 2
3. Do mirror trades in each account to show activity for about 6 -12 months or until generating nice % return in 1 account (ideally 6+ months)
4. Have an accountant audit the profitable account
5. Find low tier HF/prop desk that is looking for a PM and doesn't do extensive due diligence.
7. Market your returns on the profitable account and provide complex explanations combining statistical analysis along with fundamental analysis of macroeconomic variables to rationalize your entries/exists (mention it is proprietary to avoid scrutiny)
6. Receive $10,000,000 in buying power
7. Trade the markets (preferably on one side in an asset that traditionally trends and limit numbers of trades).
8. Hope for the best (increase in BP & Bonus)

(of course this is all sarcasm)

    • 3
Jun 11, 2013
mb666:

Steps to become an "independent trader"... similar to operating your own business

1. Open 2 currency brokerage accounts
2. Buy $25,000 worth of the Yen/USD in Account 1 & Short $25,000 worth of the Yen/USD in Account 2
3. Do mirror trades in each account to show activity for about 6 -12 months or until generating nice % return in 1 account (ideally 6+ months)
4. Have an accountant audit the profitable account
5. Find low tier HF/prop desk that is looking for a PM and doesn't do extensive due diligence.
7. Market your returns on the profitable account and provide complex explanations combining statistical analysis along with fundamental analysis of macroeconomic variables to rationalize your entries/exists (mention it is proprietary to avoid scrutiny)
6. Receive $10,000,000 in buying power
7. Trade the markets (preferably on one side in an asset that traditionally trends and limit numbers of trades).
8. Hope for the best (increase in BP & Bonus)

(of course this is all sarcasm)

Pure gold. Definitely doing this at some point. +1

Jun 11, 2013
cthorm:

Repackage public information into presentable, organized reports. Sell them via adWords and email marketing. Keep the overhead low and just write a script to scrape data from Census, Fed etc. Realistically I could do this for $5-10k.

This was actually already done. Its called the EconApp you can find it here: www.econapp.com
Here is the creators website: www.pentrellis.com

If you can't kill them with kindness, just kill them.

Jun 11, 2013

Step 3 is the biggest issue. If both accounts have a good mix of bad and good trades - then neither are really marketable.
with that being said - I really wanna try it hahah :)

  • Anonymous Monkey
  •  Apr 20, 2016

Commissions will eat you.

Jun 11, 2013

Open a pizza shop in the Midwest but not in Chicago that actually has good pizza.

    • 1
Jun 11, 2013

Some kind of recruiting on campus system in the Netherlands I think.

Jun 11, 2013

I would start a porn studio. Specializing in white guy on asian girl.

Jun 11, 2013

Repackage public information into presentable, organized reports. Sell them via adWords and email marketing. Keep the overhead low and just write a script to scrape data from Census, Fed etc. Realistically I could do this for $5-10k.

Jun 11, 2013

Good stuff, Heister.

Not that you asked me OP, but from time to time I get web-based business ideas that I'm not in the position to start right now. For me, I'd use 50k to take a skill I already have (7+ yrs accounting) and start my own CPA firm. It's not sexy but it's very doable and could give me the ability down the road to pursue other things.

Patrick - when The SEC gets off its ass you should have equity crowd funding for WSO, would love to see what some of these guys come up with.

Jun 11, 2013

Build an application where you can open/close/split tabs with your phone (Tabbedout copy) connected to Subledata API which integrates your software with most major POS systems except Aloha. Go to big college campuses and sell your software to popular bars. Give free stuff to fraternities and hire unpaid college ambassadors. Keep growing across college bars. Once you have usage and your app is working well..approach VCs. Then move on to bigger cities and sell to "college/intern" bars. You got buzz in the city, partner with POS sellers.

When in doubt...Dick Pick

Jun 11, 2013

1. Find a niche that doesn't have a lot of info about it or the info isn't consolidated. Or maybe the topic is obscure but might be useful to other people (e.g. quant finance for proles).
2. Hire a freelance writer to write an ebook.
3. Create a website
4. Profit?

http://www.cringely.com/2009/03/14/parrot-secrets

Would cost way less than 50k but you will fail a bunch of times which will burn through the money. It's borderline equivalent to being a blogger but more legit because you have a book

Jun 11, 2013
mojo12:

It's borderline equivalent to being a blogger but more legit because you have a book

Hey, wait a minute...

Jun 11, 2013

Second the food truck idea. Pick your favorite food or homemade dish your mom/grandma used to make when you were young. Learn how to make it... good. Buy used equipment. Go sell food! That's what I would do.

Jun 11, 2013

two kis of blow

Jun 10, 2013

Great ideas everyone, thanks for spending time and commenting. I am going to write a post shortly for budding entrepreneurs!!!!

Apr 21, 2016

I would open up a modern designed marijuana coffee shop in Denver. I noticed most coffee shops are ghetto. I will have the shop designed with Scandinavian interiors and have some open space smoke down session area separated by glass walls just like coffee shops in Korea (so the non smokers dont have to complain). The coffee shops will also sell various strains of weed with deserts like cakes/scones/and shit. and of course high quality coffee.

Jul 22, 2016

So as I read this feeding hit me that no one here knows what most businesses start with. So just so we can clear the air 50K would get you a great business. most start with as little as 5k mine I did with 15K. But the most important thing to starting a business is you must find what you are good at and what you love. Because any one can buy a franchise but to start a business is hard and takes lots of work. For me it easy I love to create and after that I keep on moving. This is my 3rd business and that's what I do start business and keep moving. So to answer your question of what business to start with 50K. It don't matter any of them could be your from Amazon to Apple. But what ever it is you must love what you do and believe in it or others will not. But if I was going open a new business I would create a food brand. Can you do it with 50K yeah but it's a hard business but as anything everything is hard it's life

Sep 18, 2017

The best option is to develop a cashback or coupon e-commerce website. With right promotion you can get a huge profit.
One of the media examples is Ebates - they were bought by Japanese investors for $1 billion a few years ago. But I am sure that biggest companies in this industry earn the same.

Anyway, this industry is quite empty yet and you can earn tens or even hundreds thousands dollars in a few years. All you need to do is to build a website and develop browser extension for desktop users and mobile apps for mobile users. You even don't need a full custom website in this case - only a lending page for search engines with links to mobile and extension stores.
And the best thing is that you don't need to have your own goods or build a new marketplace. You just need to use affiliate networks - using them you will earn on commission.
I worked in such company and helped on development side so I know the figures and how the business works. Very simple. You don't need to be a geek - it is not harder than online shop.

Promotion can be started through social networks to gather audience from people you know and other subscribers. Also, it is good to geolocate your service to a certain place in order to target audience that still doesn't use such services.

Everybody will use cashback and coupons in a few years later. And this niche is still open.

Also it might be very wise to start such business in other countries, because this services are not such popular yet as in US or UK.

Sep 18, 2017

Foodtrucks are $50K

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Feb 10, 2019

Hi, just curious what business did you end up doing?

Feb 11, 2019

thots and prayers

Feb 14, 2019
Feb 16, 2019
Feb 18, 2019