Yes.
this post was submitted on 30 Oct 2023
1 points (100.0% liked)
Entrepreneur
0 readers
1 users here now
Rules
- No Personal Attacks - criticism of ideas is allowed, attacking people is not.
- Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
- No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
- Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.
Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.
founded 10 months ago
MODERATORS
Jeff Bezos started Amazon with $300k.
If you‘ve made $500k from real estate why not just learn how to make $5m from real estate?
Anything in the wellness industry is skyrocketing in market space and opportunity.
Just buy $500 k worth of gold
With that kind of money you can buy a business that's already established, thus helps you get off the ground much quicker, if you put down 500k and do some seller financing you might be able to buy something worth about 1m. If your struggling to choose an industry, maybe just look for a business you think you can turn around. Sell once you've increased the value, repeat.
Echoing this - research entrepreneurship thru acquisition and read plenty about it
You can buy my tech startup for less than 5% of that, spend another 10% of that on marketing and the remaining 85% can be invested elsewhere.
Contapp (my app) is an established brand, trusted and we've featured across many PR platforms (Australian News & Google Play Store 'success stories')
Only a handful of premium users are required to make a profit, however I don't have the time or sales knowledge do scale right now - monthly spend is only £20.
Looking to exit due to another venture that requires my full attention (real estate in the UK).
Feel free to connect with me on LinkedIn (Giuseppe Milazzo or Contapp Ltd) for more info, happy to share my pitch deck.
-
Solve an actual problem, in an industry you already know about.
-
Don't start adding money to the plan unless and until you are confident that you can solve the problem you identified.
-
Stay the course.
Businesses fail, even the best intended ones.
You're better off putting the 500k in a 5% account and earn $25k/year profit.
Invest in startups
If you’re serious about staffing lmk