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How much capital do I need to raise to start a business or invest in business? |
I currently have $10,000..... can I start a business with that or possibly invest in one that is already established? http://mydataentryjobs.blogspot.com It depends entirely on the business. With $10,000 you may be able to buy or start a hot dog stand or a small boutique in a mall, but you certainly cannot open a shoe store or clothing store. For some businesses you might need $50 million. You may be able to but an established business with the seller financing a good part of the purchase. Each situation is different and requires its own analysis. It depends on the business. You can run a pretty decent small business with $10,000 but it won't even make a dent in a big business. Do not even consider investing in anything that you don't completely understand unless you are willing to lose the money. If you don't have the skills to run a business, don't run one. If you don't have the knowledge to invest, don't invest. Put your $10K into what you do understand ... your education, existing debt, guaranteed income savings, or whatever. Never invest what you cannot afford to lose. It all depends on the type business. Go to http://www.score.org/template_gallery.ht... and download the Excel template for estimating start up costs. |
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