If you had $30k to start a business WWYD?

Discussion in 'Community Discussion' started by jfremani, Jan 17, 2012.

  1. jfremani macrumors regular

    Joined:
    Jan 17, 2008
    #1
    Given your interests, strengths, and opportunities given in your local economy.. what would YOU do, if you had to?
     
  2. Smileyboy macrumors 65816

    Smileyboy

    Joined:
    Aug 6, 2008
  3. Koodauw macrumors 68040

    Koodauw

    Joined:
    Nov 17, 2003
    Location:
    Madison
  4. lbro macrumors 6502a

    lbro

    Joined:
    Jan 22, 2009
    #4
    Would it have to be a business? Otherwise I would use it as a downpayment to buy a house.
     
  5. Caliber26 macrumors 68000

    Caliber26

    Joined:
    Sep 25, 2009
    Location:
    Orlando, FL
    #5
    A liquor store. No matter where you live or how bad the recession may be, drinking ain't goin outta style anytime soon. I go about four times a week and there's always a line. ;)
     
  6. jav6454 macrumors P6

    jav6454

    Joined:
    Nov 14, 2007
    Location:
    1 Geostationary Tower Plaza
    #6
    I support this.
     
  7. dontwalkhand macrumors 601

    dontwalkhand

    Joined:
    Jul 5, 2007
    Location:
    Phoenix, AZ
    #7
    Maybe an "upper class" liquor store...modeled after an Apple store ;). Most Liquor stores I have seen unfortunately have that ratty tatty look to them, like that look of "hey don't rob me," and owners plaster the windows full of ads "LOW PRICE!" so nobody can see inside...., time to "reinvent" liquor stores ;)


    Maybe iMacs as POS terminals?
    Stainless steel beer coolers?


    A random Fish tank? ;-)
     
  8. Smileyboy macrumors 65816

    Smileyboy

    Joined:
    Aug 6, 2008
    #8
    I like the way u think!
     
  9. Caliber26 macrumors 68000

    Caliber26

    Joined:
    Sep 25, 2009
    Location:
    Orlando, FL
    #9
    For sure. :D

    It would have to be in a very good part of town (preferably near a university), and its overall look would be very inviting. A lot of chrome, black, and glass. And many LED displays, showcasing nonstop liquor advertisements.
     
  10. maflynn Moderator

    maflynn

    Staff Member

    Joined:
    May 3, 2009
    Location:
    Boston
    #10
    This, I used to work at a computer store back in the day, selling and repairing computers. I'd go and do that again as my own business.
     
  11. rocknblogger macrumors 68020

    rocknblogger

    Joined:
    Apr 2, 2011
    Location:
    New Jersey
    #11
    $30K isn't nearly enough to open liquor store. The license alone can cost well over $100K. Stock would be in excess of $300K if you're looking upscale and premium wines/liquor/beer. And another $50 to $100k for store design and construction.

    Even if you have triple A rated credit $30 may not be enough. Rule of thumb is you have to have at least 25% of your own money to get financing.

    Also it's not true that a liquor store will always succeed because people will always want it. I've seen plenty of nice liquor stores come and go. There is no sure shot in business, period.
     
  12. firestarter macrumors 603

    firestarter

    Joined:
    Dec 31, 2002
    Location:
    Green and pleasant land
    #12
    You could buy a fur coat, shades, a phone and a used mercedes for £30k - and then you're good to go with an escort agency.
     
  13. Smileyboy macrumors 65816

    Smileyboy

    Joined:
    Aug 6, 2008
    #13
    :eek: OK? Is this the British version of Super FLy?
     
  14. robvas macrumors 68020

    Joined:
    Mar 29, 2009
    Location:
    USA
    #14
    A couple iMacs, get a couple people together and try to write a couple games/apps and hope you get lucky!
     
  15. rick snagwell macrumors 68040

    rick snagwell

    Joined:
    Feb 12, 2011
    Location:
    oceanside, ca
    #15
    same, and at the same time this would be a fun hobby.
     
  16. ender land macrumors 6502a

    Joined:
    Oct 26, 2010
    #16
    30k seems really low to start a business in the sense we all think of business. For sure a low amount for a brick/mortar store.

    I'd think the most optimal strategy would be to get a very technical/computer type degree and then do consulting/start your own business that way.
     
  17. Hellhammer Moderator

    Hellhammer

    Staff Member

    Joined:
    Dec 10, 2008
    Location:
    Finland
    #17
    Very true. A fine store should also have fine products, not just the cheapest beer and wine that's available. Plus you would most likely have to charge a premium because the cost of running the store is higher. In the end, I doubt people care that much about the look of the store. You will only be there for a few minutes - grab the bottles and go. I wouldn't pay more for the "experience", I just want my booze for as few $ as possible.
     
  18. NutsNGum macrumors 68030

    NutsNGum

    Joined:
    Jul 30, 2010
    Location:
    Glasgow, Scotland
  19. RawBert macrumors 68000

    RawBert

    Joined:
    Jan 19, 2010
    Location:
    North Hollywood, CA
    #19
    Starting a business on $30k would be very difficult. But if that's all I had, I'd probably use my current computer equipment. I have an 06 Mac Pro I rarely use anymore. I'd buy a new Artec MHT 3D Scanner/software (about $15-20k). I'd get a small studio and advertise with the rest. ...and cross my fingers.
     
  20. acidfast7 macrumors 65816

    acidfast7

    Joined:
    Nov 22, 2008
    Location:
    EU
    #20
    30k is nothing.

    i would start a thinktank/consultancy and then network like a champ.

    that's the only reasonable option for that little money.
     
  21. Mousse macrumors 68000

    Mousse

    Joined:
    Apr 7, 2008
    Location:
    Flea Bottom, King's Landing
    #21
    Build "antique" furniture. 30K will be enough to build a decent woodworking workshop. Turn a few hundred dollars worth of oak and mahogany into thousands of dollars worth. Modern day alchemy, I tells ya--turning wood into gold.

    Well, not everybody is a master carpenter.
     
  22. Demosthenes X macrumors 68000

    Demosthenes X

    Joined:
    Oct 21, 2008
    #22
    $30k isn't enough for this, but I'd love to open a computer store that sells all kinds of computers, but modelled after the Apple Store.

    Yes, I know that's basically the Microsoft Store, but there isn't one of those anywhere near here. :)

    There's no reason buying a Windows computer has to suck, though. And Apple does retail very, very well. PC vendors could learn from them.

    Depends on your target market and cliental. In the right neighbourhood, a high-end liquor store could probably do well by focusing on expensive wines and high-end brands, and by having really knowledgable staff (maybe even a proper sommelier).

    That sort of store would charge a lot more, but for wealthy clients having someone working there who actually knows something about wine might be enough to make it worthwhile. :)
     
  23. lewis82 macrumors 68000

    lewis82

    Joined:
    Aug 26, 2009
    Location:
    Totalitarian Republic of Northlandia
    #23
    I would most likely invest in a good desk, office chair and triple screen setup and then develop iOS apps or whatever ;)
     

Share This Page