I have the equivalent of £200k available in cash. What is a good business idea to earn £5k profit in a month?
Question by MELVERN: I have the equivalent of £200k available in cash. What is a good business idea to earn £5k profit in a month?
Recently moved to Poland from South Africa. We bought a small holiday resort and spend some money on revamping it. We have it up for sale now and want to use the profit to start something new. The holiday business is just to seasonal and we are looking to something new/eunique.
Best answer:
Answer by muaythaiguy
Well… it doesn’t seem like money is an issue.
You can do lots of things with that. Personally, I would start my own company with that money. You can also invest it in the stock market, you can keep doing what you were doing and buy real estate.
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You are the only one that can figure that out as every situation is unique. You need to find an unmet need that is also something you like to do. Complete a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and write a business plan to prove that the business idea is workable. Go to http://sba.gov/smallbusinessplanner/plan/writeabusinessplan/index.html or http://www.score.org/template_gallery.html for instructions on how to write a business plan and sample business plans.