Starting a business

After a pretty long gap in work experience looking to possibly start my own thing. Any ideas or areas that people have experience or familiarity with. Don't know much about tech even though that would probably be a great place to pick up some skills. I have some capital so getting by for the time being or investing in something wouldn't be an issue. 

What would yall do in this spot?

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Comments (27)

Jun 9, 2021 - 1:00pm

1. Start with a good business idea

2. ...

3. Profit 

"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

  • 2
Jun 10, 2021 - 2:02pm

so what have you been doing for the past few years and where'd you get the capital? what country you in?

I will probably be franchising a fast food restaurant 

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Jun 10, 2021 - 4:09pm

Pizz I'm convinced you have a spreadsheet with every WSO user's relationship status. 

  • 2
Jun 10, 2021 - 2:08pm

You could rent out houses and then AirBnb each room. 

"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

Jun 11, 2021 - 10:51am

If you want to venture into tech, learn the basics. Well that holds true of any industry actually. Maybe you don't know how to design a full blown event driven microservice architecture that's highly available in multiple regions, but knowing how to build a simple blog page would do wonders. Even if you're angel investing, it helps you weed out some of the bs. 
 

I'd say the same for restaurants- understand the basics of logistics/ ordering food so it doesn't expire/ etc. Real estate you should understand how to do a very basic market analysis. Whatever it is that you do, learn first and then invest. 

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
Jun 11, 2021 - 12:58pm

Crypto mining 

"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

Jun 11, 2021 - 2:02pm

Yeah my friend is an executive coach. She recommends this degree from Penn: Masters in Applied Positive Psychology. It's always good to have an Ivy degree by your name in executive coaching.

https://www.lps.upenn.edu/degree-programs/mapp

"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

Jun 11, 2021 - 2:31pm

"tech" is such a broad term its essentially meaningless btw. I have an idea for "tech" that buy side firms can use, as it would solve a problem ive seen at my last 2/3 shops. and a major issue at that. there are external solutions for this issue but they are pricey and there are conflicts of interest. I also worked closely with developers who built software for asset management houses in one of my last jobs, we bought the software and used it and agreed to test it for a reduced yearly fee. all I would need to do is hire some developer dweeb to build something similar to solve the problem I'm talking about.

Jun 14, 2021 - 2:44pm

"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

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