Posts Tagged ‘small’

Small Business Investment Ideas – Starting Your Own Dollar Store

November 27th, 2018

There are many lucrative small businesses out there that are easy to start up. One of my favorite small business investment ideas is starting your own dollar store. It might seem like it would take a huge investment, but it’s not as expensive as you might think. It’s a great way to get started as your own boss and make a huge profit.

The first thing you will need to do is find a wholesale company who will sell bulk products for cheap. You will be selling everything for $1 a piece, so try and keep your costs to under $0.10 a piece for each product. There will be exceptions to this rule, as some items you’ll know will be big sellers, but it is a good general rule. Also be sure to do your research in your area to see what products you think will be in high demand.

You’ll then want to scout out a location for your store. Try to find a place in a high traffic area that has a history of a lot of foot traffic. Locations near shopping malls and groceries stores tend to be good options. When people walk by those stores, they are typically ready to buy things – so they’re a great target for your business. You might also consider areas where people might be looking to kill some time, such as near schools or movie theaters.

This small business investment idea is a great one, because you’ll be able to run your own business and make a ton of money. People are always looking for a bargain, why not be the one to provide it for them?

Small Business Investment – Knowing Which Small Businesses to Invest In

November 20th, 2018

Every business can use a helping hand financially, from the big to the small. Many investors will avoid infesting in small businesses because of the lack of security involved with them, but there can be great profits to be made with this kind of company if you know what to look for. Choosing the right business to invest in will make all the difference in determining whether your money turns to profit or not. Here are some tips that should help your small business investment go as smooth as it possibly can.

When you first get involved with small business investment, you may want to steer clear of new businesses. Even if they sound like they will be amazing to work with, there is just going to be too much risk involved with a new business for it to be worth your time. After you know your way around investing a little more, you may look into putting money into an up and coming business, but not until then. You need to be able to make wise decisions about your money, and that may only come with experience. Focus on established small businesses before you do anything.

Once you have selected an established business to invest in, you may want to have a look at their business plan to see what the goals are for the future. As an investor, you should have a say in what goes on with the financing for the business. If you feel that there would be better ways for your money to be spent, be vocal about that. Then you can make sure that the small business has a chance of succeeding beyond where they are right now. If you are not able to put forth your opinion about the business financing, then you need to go somewhere else with your money.

It is always a good idea to choose businesses in markets that are expected to grow rather than decline. While you cannot predict how the market is going, it would be illogical to invest in DVD players over Blu-Ray players nowadays based on what people are starting to buy. The same comparisons hold true in almost all markets, so just be safe about throwing money into a company that is headed down the wrong path. You can trust your instincts for a lot of this process, and ultimately you should be able to see profits from your small business investment.

How to Know If You Are Making a Good Small Business Investment

November 11th, 2018

Making an investment is a very important thing to do if you are into the home based business industry. Some people see the value in investing while others think is a waste of time. Now the funny thing is that neither opinion is wrong because you will encounter certain promotional methods that will give you good results while you will come across others that don’t produce anything at all. This article will further instruct you on the best way to determined whether your investment was a good one or not.

The best way to determine if your small business investment was a good one or not is simply to follow the ROI formula. Now you are probably wondering what those that fancy word mean, well it is quite a simple term that stands for your Return On Investment. To understand what this is you must understand a little about business math, so here is a quick example lesson.

Lets pretend that the promotional method that you chose to use cost you 50 dollars for the month of promotion and in that month because of that promotional method you were able to make 200 dollars in your business. Now in order to get the ROI of this example you take your initial investment from the total amount you gain from that promotional method. In this case is 200 dollars minus 50 dollars, which equals to 150 dollars. Now the 150 dollars is your profit and your investment was 50 dollars. So if the promotional method follows the same pattern for every 50 dollars invested your ROI will be 200 dollars, which means 150 dollars profit.

Once you get the hang of this formula you will be able to tell if the investment is a good one or not by just calculating the ROI and the profit that you make from it.

Small Business Investment Ideas – Pool Cleaning Services

October 29th, 2018

I know a lot of people are looking for the best small business investment ideas. The best rule of thumb is to take a look at your community and see what is in need. A friend of mine who lives in Southern California noted that most of the people in his neighborhood had pools, but there simply weren’t enough pool cleaning service companies to service them all. That’s when he got his bright idea.

At first, he didn’t think he’d be able to pull it off because he only had a few thousand dollars to start with. The more he thought about it though, the more he realized that most pool owners already had the basic tools and chemicals needed to clean their pools. He started out by offering very basic pool cleaning. Friends and family quickly hired him and recommended him to their neighbors. Before he knew it, he had over a dozen clients.

As the time came to close the pools for the winter, he used his profits to invest in more specialized tools for deeper cleans and pool closings. He was also able to buy a van and have it professionally painted with his business name and logo. Before he knew it, he’d hired several employees to work with him.

The most successful small business ideas always focus on finding needs that people have and filling them. My friend is an example of starting with a very small investment and building it up until you have a thriving business.