I want to start a business and have about 25k give or take to start it, and I want to do so ASAP. The problem is I don’t have any ideas for a business or any experience. Anyone got any ideas?

funnylikehelpful
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Yea I have this incredible idea. Luckily it only costs 25k to start which is obviously not much capital to start a company and I’ve been waiting to give the idea away to a random person on fishbowl. You’re in luck my friend.

likefunny

Does it involve sending the 25k in bitcoin to a random wallet and waiting it to be returned 100x?

likefunny

Find an industry you’re interested and learn everything about it.

Read the strategies of major players and understand what issues they’re trying to address.

Pick an issue your passionate about and identify a product/service to alleviate/eliminate the issue.

This may get you started but then the hard work of iterating to find product-market fit and monetize begins

smart
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If anyone here has an actionable idea, I highly doubt it’ll be shared here.

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As someone who started from scratch, I'll suggest you take a look at theFutur channel on YouTube. Great ideas there and it won't cost you a penny.

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Do some research on a product or service that hasn't been fulfilled or you simply love. Connect with a mentor from your local SCORE or SBA branch.

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Create a vertical software for summer camps that does counselor verification, scheduling, photo sharing, etc

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I’ll help you write a business plan, financial projections, and design a fundraising strategy for $25K!

funny

How in God’s name do you call yourself a consultant

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Trying every day… easier if I don’t go online :(

Gain experience. Most businesses are created from people with years of knowledge in an industry and realizing there’s a gap where a business is needed.

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@HC1, would it be better than building a business that already exists? Like a consulting business for example.

Go start an Amazon DSP

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I made a tongue in cheek comment about CFA. So you don’t start a CFA, you just operate it. CFA corporate will set everything up for you, including the location they want their CFA at, you just operate it and the application process for that is very hard to clear and only requires you to cough up $10k. At min, operators make 400k at a CFA with no cap on pay based on how that location performs. Amazon will actually cap DSP earnings at that number for high volume, well established routes. Actual earnings are half that, even lower on newer routes. Neither is a side hustle and will require full time focus.

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25K?
YouTube Channel? Can you deal with uploading 30 plus videos if any stupid thing?

OR If you can get involved in weekly operations, start ATM or vending machines business.

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Checkout this channel called Startup on IG. If U had $25K to invest, I’d personally be putting it into real estate. However, you should get a business started and leverage business credit instead of all of your liquidity.

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I would invest in residential or commercial real estate

likehelpful

Hey Op! I like to design apps in my free time and I have a nice partially functioning prototype I’ve built (non-coding) with a presentation deck and I’ve gotten great feedback every time I talk to someone about it, but I have no idea what my next steps would be. Let’s talk about it more if you’re interested

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i have an actionable idea start an amazon fba business start with OA (online arbitrage). Then transition to wholesale on refillable items. Worked really well for me

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I have the opposite issue. My partner wants to get his company up and running, but no capital. Maybe reach out in your community and see if you can partner with someone? Small businesses are always looking for a money guy.

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Lol

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Start a franchise. If you have no experience, they will teach you the basics and then it’s all day-to-day management. I recommend a commercial cleaning company https://www.entrepreneur.com/slideshow/415931

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There’s a guy from BCG with an MVP looking for funding right there 👆🏼

You want to invest fine. I'll take it for 1.5% equity.

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Curious how other people’s brains work.
When you get an activation brief, what’s your process for coming up with a solid idea?

Look for cultural moments that you can adapt? Look through award show books? Scroll YouTube videos until 3am?

I know that every brief and every idea is different, but I’m more interested in the process and what you’re creative routine is to get the wheels turning.

Thanks.

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Smart: Single founder funded startups
Uplifting: Multiple founder bootstrapped startups
Funny: This poll is dumb.

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funnyhelpfulupliftingsmartlike

I firmly believe leadership makes the difference.

Not only, it highlins each one's value, but especially spreads this value among others.
I'm speaking about life, in a broad sense, which also include work life, but it is not limited to that.

Looking for any kind of suggestion to improve my leadership: books, experiences, attitudes, daily-routine, ...

Thank you!

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