Kerry
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Registered: 5th Oct 01
Location: Norwich
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I have some money i would like to do something with rather than blow it but i am struggling to think what i can do. I
want to do something that will get me some return for the future so either a good investment or my own business.
I have already bought some shares in RBS who i work for as i saw thier year end figures and they made something like 13 billion profit last year 
Any ideas please
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AK
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Registered: 5th Jul 00
Location: Aberdeen City
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what would you like a business to do? i.e what interests you?
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Corsa Boy19
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Registered: 13th Jun 03
Location: Rotherham Drives:1.4 16v Sport
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Go 4it start your own business 
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Kerry
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Registered: 5th Oct 01
Location: Norwich
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My interests are cars and animals and short of having a few of both subjects i cant see how i can make any money on them 
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arf_SRi
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Registered: 25th Oct 04
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it depends how much return you want on ur money and how much risk you're willing to take. high risk is invest it in shares and u will hopefully see a bigger return quite quickly, if not go for low risk bonds or summin.
sounds to me like u dont know much about starting up a business (no offence intended) so if u wanna do that go to some seminars to get some ideas and stuff.
finally the last thing i can think of is investing it in property, buy a small flat and rent it to students, gets u a steady monthly income and u know ur moneys workin! hope this helps
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Kerry
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Registered: 5th Oct 01
Location: Norwich
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you are right i know nothing about new business and to be honest there isnt really enough to actually buy a property
i could do with someone that wants to start a business and has good ideas but needs the capital 
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stubs
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Registered: 30th Jun 02
Location: Bolton
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I want to start my own business!
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Skipz
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Registered: 23rd Aug 03
Location: Falkirk: Drives:nothing but gettin another Corsa
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Kerry if your serious about starting a business you could..
there is multiple ways to get started money wise you have
Government grants, bank loans these can help with the initial settin up of the company.. property,stock...
your bank will ask for a business plan and stuff but a pack is available from the Business gateway i believe to help you with that!
as for how you go about it there's business management courses you could go on..
all you really need is some collateral 
[Edited on 09-01-2005 by h18_oab]
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Kerry
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Registered: 5th Oct 01
Location: Norwich
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i have the money just not the idea !!!!!
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stubs
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Registered: 30th Jun 02
Location: Bolton
User status: Offline
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Invest in me
I want to start a business selling & fitting car alarms & entertainment.. I just don't have the balls to go for it 
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Skipz
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Registered: 23rd Aug 03
Location: Falkirk: Drives:nothing but gettin another Corsa
User status: Offline
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do you think the folk that started up their businesses had a clue how to to start of with??
Learn.. try the Business gateway on an advice pack that will give you a start on how to Start up your own business..
also do a Business management course which will help you with managing the business once it's up and running!
and personally i'd keep that money as capital.. use the bank loans and government grants to fund the business and if it all goes pear shaped you have the capital to fall back on
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Skipz
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Registered: 23rd Aug 03
Location: Falkirk: Drives:nothing but gettin another Corsa
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business gateway... dont just dream about it
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stubs
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Registered: 30th Jun 02
Location: Bolton
User status: Offline
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quote:
Originally posted by h18_oab
business gateway... dont just dream about it
Thanks for that!.. I'll have a proper read tomorrow when i'm not tired 
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Kerry
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Registered: 5th Oct 01
Location: Norwich
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i have management courses already as part of my full time job just need ideas what sort of business really
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Skipz
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Registered: 23rd Aug 03
Location: Falkirk: Drives:nothing but gettin another Corsa
User status: Offline
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no problem Stubs..
Kerry that you cant be helped with gotta be something you enjoy!
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ed
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Registered: 10th Sep 03
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How much you got? You can't go wrong buying property these days
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ed
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Registered: 10th Sep 03
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quote:
Originally posted by stubs
Invest in me
I want to start a business selling & fitting car alarms & entertainment.. I just don't have the balls to go for it
That industry is already flooded with people doing hte same thing. Good luck.
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Kerry
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Registered: 5th Oct 01
Location: Norwich
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the amount i want to invest is 10k i have a bit more but want to do something else with that
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ed
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Registered: 10th Sep 03
User status: Offline
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Enough to put a deposit down on a house.....
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Kerry
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Registered: 5th Oct 01
Location: Norwich
User status: Offline
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and then what?
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stubs
Member
Registered: 30th Jun 02
Location: Bolton
User status: Offline
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quote:
Originally posted by 1800ed
That industry is already flooded with people doing hte same thing. Good luck.
...hence the reason i've not gone rushing headlong into it
Its ok saying the industry is flooded.. but if you make a good name for yourself, and the work is of a high quality, you can't go far wrong.
My mate's cousin owns Xtreme Audio in Radcliffe, Bury.. he's constantly fully booked with jobs, and they don't even advertise!
Thanks for wishing me good luck, but I don't need it just yet, as I've got a lot of planning & research to do.
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ed
Member
Registered: 10th Sep 03
User status: Offline
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Then you own property... It is the best thing, in my opinion, to be spending money on... If you are renting where is the come back from that? You get somewhere to liv, but when you move on you get nothing back out of it. Especially as at the moment you are unlikely to loose money owning property... If you have a specific idea for a business that is in a niche of a market you think you can take over then it is a good idea to take the risk.... But otherwise you could end up loosing the lot. Investing the money in savings accounts is also a good idea too, depending on if you want to risk the money or not, you could buy shares e.t.c... Or make use of high interest long ter savings accounts. Just got to remember that the profit you should make is a fair way off...
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
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quote:
Originally posted by Kerry
and then what?
Pay the mortgage and offset that with rental income. £10k is enough to put you in profit (not much though) month on month, and you have a nest-egg.
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ed
Member
Registered: 10th Sep 03
User status: Offline
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quote:
Originally posted by stubs
quote:
Originally posted by 1800ed
That industry is already flooded with people doing hte same thing. Good luck.
...hence the reason i've not gone rushing headlong into it
Its ok saying the industry is flooded.. but if you make a good name for yourself, and the work is of a high quality, you can't go far wrong.
My mate's cousin owns Xtreme Audio in Radcliffe, Bury.. he's constantly fully booked with jobs, and they don't even advertise!
Thanks for wishing me good luck, but I don't need it just yet, as I've got a lot of planning & research to do.
Just a risky area, like you say you need a good name for yourself, if you are a reputable company then your laughing - can take business away from the cowboys out there  Like you say, needs a lot of research, need to do things slightly differently to get attention to yourself over other businesses
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Kerry
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Registered: 5th Oct 01
Location: Norwich
User status: Offline
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I really dont want another mortgage i just got rid of one
besides buying a property at the moment is a seperate entity between me and luke
this is my money 
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