small business
By sreerajvs
@sreerajvs (8)
India
2 responses
@mokbul (616)
• Singapore
24 Nov 08
What types of business you prefer and how much you are willing to invets?
Success in business depends on many factors and I believe that her is no formula for sure profit and quick earning. I had been enaged in stock and futuer investmen for sometimes aftre retirin form my job. I tell you truly that I have lost as I was trying make quick profit.
1 person likes this
@sreerajvs (8)
• India
24 Nov 08
i only want to start a small business..my business capital is only 20000INR..i dont know more about share market..but am interested in that...thnks for your response....
1 person likes this
@mokbul (616)
• Singapore
25 Nov 08
I am not sure how to guide you. It is best you study some website - I mean genuine websites in this regard. You can check your country website for stock business i.e. sensex for ideas how to invest in fool proof manner as your capital is very less and can be lost in share market in no time.
Investing in mutual funds and similar investment, which has slow return and less risk may best suit you.
@paidreader (5143)
• United States
24 Nov 08
Any time you consider starting a business, you should be considering your own interests as well. Once you decide on the interest(s) it makes it a little easier to find something that will work for you.
I love to read, so when I found an opportunity to sell audiobooks online with very little investment it matched my interests and I decided to pursue it. Let your interests help lead you to the best business for you and you'll do better than trying to start a business that you have little to no interests in just because it doesn't cost much to start.
@Khayam (346)
• Romania
25 Nov 08
Taking into consideration the global crisis my advices would be:
- focus on agriculture - as it is less affected by the crisis
- avoid real estate since it will collapse (although it will recover after 2010)
- avoid consulting/marketing business, due to their future volatility
- focus on environmental issues, they aren't allways expensive
- avoid taking credits (and let the banks collapse) - a credit these days is like a millstone around your neck, avoid it and don't get an extra burden.
- you might try online businesses, but they aren't as cheap as you think
- focus on transportation sector - the gasoline/oil prices are going down
- focus on tourism - you can obtain finances from government/international structures, etc
I hope my 2 cents advices will help.
