What Business to start that give handsome Income with Small Investment

Czech Republic
July 19, 2008 11:46am CST
Can anybody suggest what Business to start with Small Investment that can give handsome income . I am unemployed person looking forward to start a business.I have only 5000 dollar . I am thinking to start business on Small Machine Shop or to start a Brick Factory . I am staying in Europe . How to approach the bank for Loan . Will they ask to show Capital . Please can you guide or give advice or suggestion . Wish Success to all of you .
1 response
• Philippines
21 Jul 08
Going for a business is a great idea! To start, check the location of the planned business and identify what will be the best product based on the market or the neighborhood. If there are a lot of students, sell a good or a service that will cater to the needs of the students. If it is a neighborhood wherein the nearest supermarket is not so near, then a convenience store is good. Once your market is identified, make an analysis on the things that you would like to do and see some external factors that will make your business fail and that will make it successful. Write everything down. Make sure you have all bases covered. You can go to the bank and apply for the needed capital. Good luck!
• Czech Republic
21 Jul 08
Friend ,That is really a great Support from your side . Your Suggestion had really some base and i will try to Follow them. Yes it is in Remote Village . Here the Supermarket is not Near . But I am thinking will the Village People have enough money to shop there . Or what to do ? What Percentage of Profit I can keep . My location in Central Europe . Please can you give some Guidance . Which thing will be better to stock if I start a Shop . I will highly debted if you give some idea.