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What is a good business to start with for a 1st time buyer?

I have a partner and we have approx 50-60K to invest but there are so many businesses out there. We just want to narrow down the options. thanks.

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Answers (4)
Jon Holmquist
Edgemaster Model 400 sharpener
President
Marion County, OR

Hello John, A lot depends on what you and your partner just love to do. If you like animals, look at animal businesses. If you love people look at people businesses. I have started a number of businesses and they didn't work because I was underfunded and didn't know enough about the business I got into. Franchises help you past that hurdle in a big way. But do your homework, called due dilligence. Look at several franchises, start small, keep half your investment to cover your selves when unexpected expenses happen and you want to eat or pay rent, etc. Check my website at: Edgemaster Mobile Sharpening or the site below. But check what you want to do for the next 5 to 20 years, 24/7, if you want to be successful. Good Luck, Jon at EMS

Mar 2, 2010
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Robert Gregory Business Brokers
Travis County, TX

Take a look at www.skidmark.com. Its a great business. Best Wishes

Mar 2, 2010
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Freedom Business Brokers
Orange County, CA

Sandoval-to answer your question i would say that depends on many factors. some of them are briefly stated as follows:
Capital, expertise,cofidence, capability,hours you can devote,location (the city or state),
area (beachside,strip mall,closed mall)
Based on the capital ( that is the only known factor so far in your case) a kiosk inside a closed mall wil be ideal for you . This could be a jewelery (artifical) souvenirs, perfumes, stuffed toys, cell phones etc ,
if your interest is in service oriented business a Mail box business or Pizza store would be ideal
for you.also look into retail stores like 99cents store or candy store in a busy mall.
Sid0653@hotmail.com

Mar 2, 2010
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Mr. Sandoval, what type of industry are you currently in? Have you had any classes in business, accounting, web design? All of these classes could assist you. The SBA also has information and/or mentors who may help you in your purchase. If you are looking for something web based, you should be able to find something in your purchase range. I'd stick with something you are interested in. There are also quite a few franchises out there you'd be able to acquire, however, this means more rules, regulations and fees to consider. There are several people more experienced in franchises located on this message board. I have a couple ideas for you if you'd be interested. If so, contact me at mgoebel9@gmail.com. Either way, I wish you both success in your search.
Best Regards,
Michelle Goebel

Mar 1, 2010