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I have 10K to invest, is there a fool-proof business idea out there? or one with very low risk? thank you!?


I have 10K to invest, is there a fool-proof business idea out there? or one with very low risk? thank you!?

Business = Risk

But you can lower your risk by proper planning, thoroughly understanding your market, learning what your competitors are doing, ensuring you have adequate resources, and taking care of possible legal ramifications that your business will entail.

The best business will depend on what you want, how you define to be interesting. A person may consider a pet sitting business to be the most exciting work in the world, while another person would rather watch TV than take care of dogs.

The key is to determine what your interests are, what you want to do, what is suitable for your lifestyle and your overall goals, and what can fit with your resources.

Dan Ramsey in his book "101 Best Home Businesses" has a chapter on how to find YOUR best home business. He suggests these 10 steps:

1. List 5 things you do best
2. List how others would benefit from what you do best
3. Find out how to give people what they want
4. Learn the value of your services to others
5. Find out who else offers similar services
6. Learn from the successes of others
7. Learn from the failures of others
8. Plan your own success
9. Make low cost mistakes
10. Enjoy what you do and how you do it

He then made suggestions on the best home businesses according to type. Here are a few of them:

Best Businesses Using Craft or Physical Skills
- antique restoration
- auto detail service
- carpet cleaning business
- errand/delivery service
- housecleaning business

Best Service Businesses
- bed and breakfast operator
- caregiver
- catering service
- senior day care center
- tutoring service

Best Professional Businesses
- desktop publisher
- magazine writer
- import/export service
- income tax preparation service
- event planner

Some other home business ideas:

Top 10 Home Businesses with Rapid Break-Even Time http://www.powerhomebiz.com/vol33/breake...
10 Profitable 鈥淕o-Out" Home Businesses http://www.powerhomebiz.com/vol31/goout....
Low Cost Startup Businesses http://www.entrepreneur.com/lowcostbusin...

You can also check out the following books:

Turn Your Talents into Profits: 100+ Terrific Ideas for Starting Your Own Home-Based Microbusiness
The Best Home Businesses for the 21st Century
121 Internet Businesses You Can Start from Home
The Best Internet Businesses You Can Start
101 Ways to Make Money at Home

http://www.powerhomebiz.com/BizIdeas/biz...

Yea, send me your money and I'll take care of the rest.

No seriously, the safest thing is a savingsaccount but I bet you don't think the return on it is high enough.

1) Yes
2) Yes

If you are surious feel free to email me and I'll show you what opportunities are out there.

There are a lot of really good business plans currently awaiting financing.

Do you want to be involved with the comapny?
What industries would you be interested in investing?
It helps if its something you either know about or enjoy.

Tags
  Capital Investment   Business Investment   Business financing   Business Invest   Business Debt   Bond Investment   Angel Funds   Alternative Investment
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