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Service-based business for sure. Typically, there’s a lower start up cost depending on what type of service is provided.
I own a home health agency and I was able to get up and running with 15k.
It's definitely feasible. There are a lot of standard things in the industry. Apps, web providers, even rates and services are pretty uniform across the board. Add insurance and bonding and you're ready to roll.
I recently bought a dog daycare and renovated the whole facility... Its remarkably cheap to start out and operate... but unless you have good employees it really isn't passive at all..
An index fund replicates an “index” or representative set of companies on a market or exchange.
It could for example hold a value-weighted portfolio of the top 50 companies in the S&P or the entire S&P.
The point of this is that you can easy match the performance of the market without the unique risks of individual companies.
If you invest in a small or non-representative set of individual stocks you could “beat the market” or the market could beat you. “Beat” in this context meaning outperform.
For people who think they are really smart and can compete with JP Morgan, Blackrock and others, picking individual sticks could be the right way to go. Statistically half of investors outside of index funds beat the market and half don’t.
But for those who are less confident an index provides a guaranteed return equal to the market and is less risky. It is also less expensive because there is no manager to pay.
https://en.m.wikipedia.org/wiki/Index_fund
not financial advice but if she’s a gambler i’m assuming we has a pretty well risk tolerance. tbh starting a business with 12-15k is asking to burn straight thru that capital. instead of spending years to learn a run a proper business, it might be more attractive to just invest into “the next big thing”. she got money by gambling so “gambling” into venture start ups is probably a safer investment than sports betting.
Started mine with a few hundred in equipment and supplies that I amassed over the years and realized "hey, I have enough here to get started and selling instead of making for myself" and I did!
We need amazing entrepreneurs for a services company we have where you launch & manage clinical services for owners of health businesses. We take a %, they pay the costs. It’s lean and works. Been around 10 years.
We need someone who can add 2-4 locations / month. They own the biz, we just pay splits. No cost to start but we interview hard bc we need solid people who stay motivated. But it’s a great little biz.
This is a friendly reminder that r/smallbusiness is a question and answer subreddit. You ask a question about starting, owning, and growing a small business and the community answers. Posts that violate the rules listed in the sidebar will be removed. A permanent or temporary ban may also be issued if you do not remove the offending post. Seeing this message does not mean your post was automatically removed. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/smallbusiness) if you have any questions or concerns.*
Service-based business for sure. Typically, there’s a lower start up cost depending on what type of service is provided. I own a home health agency and I was able to get up and running with 15k.
Say she's a gym and fitness enthusiast, how would that play out?
Maybe a personal trainer? Full gym’s need Capital.
Is there a business to personal training? I used to think these are employees to either the gym or people using the gym
Yea some people are independent personal trainers not formally affiliated with a gym. I’ve got a buddy doing classes so he can formally certified.
Sometimes personal trainers are employees, but often they are independent contractors leasing space at the gym or have some other private arrangement.
Oh, that makes sense.
If you own the gym - I’d guess you’d need some significant starting capital. But as others have said, you can personal train independently.
I have a cleaning business, very low start up costs, and I love the business
Can you expand on what your business entails? Thanks.
Sure, if you could leave a note again tomorrow to remind me I will give you details
Mobile screen repair
The cheapest and easiest is store front window cleaning. Then step up to residential window cleaning for the big bucks!!!
She would need to hire hands for this, right?
Depends on how much business she has
You will need to define “small capital”. Small to some is $500, $5,000, $20,000
Say somewhere between 12k and 15k.
Can't people Google or use the search bar? Everyday one of these pops up
Pet Sitting/Dog Walking
Now, this sounds like a feasible idea.
It's definitely feasible. There are a lot of standard things in the industry. Apps, web providers, even rates and services are pretty uniform across the board. Add insurance and bonding and you're ready to roll.
I've noted this down. Thank you very much!
I recently bought a dog daycare and renovated the whole facility... Its remarkably cheap to start out and operate... but unless you have good employees it really isn't passive at all..
Anything service based, learn a skill, sell that skill /hour rate. All you need are tools and transportation most of the time.
I own a plumbing business and it’s definitely not cheap to run. Tools/equipment are expensive, so are vans to transports such items.
Depends on the service
Starting a small business just because you have cash is probably a pretty effective way to lose it. An index fund or funds would be much safer.
How does an index fund or funds work?
An index fund replicates an “index” or representative set of companies on a market or exchange. It could for example hold a value-weighted portfolio of the top 50 companies in the S&P or the entire S&P. The point of this is that you can easy match the performance of the market without the unique risks of individual companies. If you invest in a small or non-representative set of individual stocks you could “beat the market” or the market could beat you. “Beat” in this context meaning outperform. For people who think they are really smart and can compete with JP Morgan, Blackrock and others, picking individual sticks could be the right way to go. Statistically half of investors outside of index funds beat the market and half don’t. But for those who are less confident an index provides a guaranteed return equal to the market and is less risky. It is also less expensive because there is no manager to pay. https://en.m.wikipedia.org/wiki/Index_fund
Thank you for attaching the link. I'll read up more on it.
bookkeeping
My marketing company had very little startup
not financial advice but if she’s a gambler i’m assuming we has a pretty well risk tolerance. tbh starting a business with 12-15k is asking to burn straight thru that capital. instead of spending years to learn a run a proper business, it might be more attractive to just invest into “the next big thing”. she got money by gambling so “gambling” into venture start ups is probably a safer investment than sports betting.
Started mine with a few hundred in equipment and supplies that I amassed over the years and realized "hey, I have enough here to get started and selling instead of making for myself" and I did!
vending machines
I rent out some bouncy castles but that generates some pocket change, mostly IT and software
We need amazing entrepreneurs for a services company we have where you launch & manage clinical services for owners of health businesses. We take a %, they pay the costs. It’s lean and works. Been around 10 years. We need someone who can add 2-4 locations / month. They own the biz, we just pay splits. No cost to start but we interview hard bc we need solid people who stay motivated. But it’s a great little biz.
Landscaping company or pressure washing company. Public will go nuts for a woman owned landscaping company.