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I just lost my job and I'm thinking about running some business instead of looking for job I have around 100K

what kind of business I should buy?

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Answers (13)
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Cook County, IL

Maia, did you purchase or are you pending a purchase with anyone yet? I see that you've received several offers. Was there something in particular you were looking for? How much were you hoping to make per year on your investment? Did you need some financing or is this to be a cash purchase? Let me know if there is something I can do for you at midwest54@aol.com.
Matt

Jun 1, 2010
Pat Jennings

Hello Maia:

You say you just lost your job, so I'm wondering if buying a business is something you've just now thought of or has it been a dream of yours for some time. I see a lot of owners who want to sell their business because they don't enjoy it - owning and running a business wasn't what they thought it wold be. So before you rush in to anything take some time to think about what you really want to do in your career.

Also, with a $100,000 available, that doesn't mean you can spend $100,000 buying a business. You'll need to hold some in reserve for livingg expenses and to run the business on a daily basis. I would invest no more that $60,000 in the purchase of a business if I were you.

Next, you need to consider how much you will need to live on and can the businesses that are in your price range generate enough income for you to support yourself and your family.

Jun 1, 2010
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Low investment with a newly launched direct selling company. You'll be at the top of the heap. IV7 Germ Defense just launched last week and we're looking for independent distributors. Huge income potential. Check my website for more information: http://lbardiv.iv7direct.com/

May 29, 2010
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maia:

My rules of business:

1. Don't try a start up unless you can easily afford the lost money and time. Most start ups fail - no matter how smart you are.

2. Don't buy a franchise. Most of them are sharks or thieves. A few actually care about the franchisee - but not many. If you lack business skills go to school and learn them there - don't rely on a franchise system.

3. How much money do you need to make because $100k isn't going to get you much of a business. You must keep ample money in reserve for operating capital. That means maybe $50k to purchase with and $50k in reserve.

With $100k I would recommend you look into real estate right now. If you live in a large city, find and join a real estate investment club - there is a lot of money, both long term and quick, to be made in RE right now.

May 28, 2010
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I am selling a profitable business in CT.
If interested, you may contact me at TanningForSale@aol.com

May 28, 2010
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Hello Maria, I have a solution that I recommend you look at. It does not require 100K investment. It is Medical Based, and it is very lucrative. Check out our site and feel free to call me if you would like to learn more.
Best Regards,
Eryk Bilski
USA Marketing Medical
954.654.4798
usamktgmedical@gmail.com
www.ultrasoundtrainingconsultants.com

May 16, 2010
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Fairfax County, VA

Sally,

How is it better for the first time business buyer to take the franchise route? Take the staffing business or property management business for instance. There are a number of restrictions, including limited territory. And some franchises charge a high initial fee and a high percentage of income, but don't help much with attracting customers. I have seen many furst time franchisees fail, losing 100K or more. So I would think it all depends on the individual circumstances--a blanket claim about franchising being good for the first time buyer doesn't hold.

May 13, 2010
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CLDI Corporation
Wake County, NC
Premium Broker

If you would consider moving to North Carolina, we have a variety of businesses for sale.

May 6, 2010
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Direct Sales .925 Sterling SilverCompany
Direct Sales Jewelry Company
Kane County, IL

Hello Maia,

I have a direct sales jewelry company that is national. You can work from home and continue to the grow the business. We can also remain part owners and help you develop the company. If you love sterling silver jewelry and providing income opportunities to other women, then my company might be right for you.

May 6, 2010
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Hello Maia, The same happened to my hubby and myself. We felt the same way you do "we will just buy our jobs". It has turned out to be 8 months of hell and a very expensive process. We still do not have a business or job. My advice to you is to be VERY CAREFUL with the brokers that you deal with. They work for the seller, not you, the buyer, sooo beware...

May 5, 2010
Lisa Molina
Life Beyond the Rat Race
live like a CEO, play like a kid
Los Angeles County, CA

Hi Maia,

I just saw your post. It's been nearly a month.
You can have a successful (multiple six/ seven figure) business by spending much less than 100k.

Important to note..
how many hours a week do you want to work?

We have a portable business involved with a global media and marketing company, marketing personal development - because you believe it.. it's a 3 step proven business model.
You require a laptop and a phone. No stocking product, you serve as an independent distributor.
ROI is as fast as you want it to be (I made $6k first week)
Contact me for details,
Lisa 480-575-5670 (i live in Los Angeles)

May 3, 2010
Chuck Woolweaver
FranchiseConsulting.Net
Franchise Your Business in 60 Days
Palm Beach County, FL

Maia, you don't say where (state/city) the business should be located.

What type of business you should buy is difficult to answer without knowing some details about your background and experience.

May 3, 2010
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Hello, if you are still looking for a business to buy, I have something that would be great for a person who is buying their first business. The manager and employees are willing to stay and run the business for you on a day to day business for as long as you like. They average $60-$78K per year which is a fantastic deal. Please contact me at mgoebel9@gmail.com if you would like to see financials.
Best Regards,
Michelle Goebel

Apr 16, 2010

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