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If you had $20 000 to start up a business...


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23 replies to this topic

#1 ~iMum~

Posted 22 November 2012 - 03:59 PM

...what business would it be, and do you honestly think it would generate enough income to be sustainable?



#2 Percoriel

Posted 22 November 2012 - 04:05 PM

TBH $20k isn't muich to start a business with. I would invest it and wait till I'd a bigger amount first.

(sorry if not what you wanted to hear!)

#3 ~iMum~

Posted 22 November 2012 - 04:23 PM

Well, despite that, I'd like to expand my aquaponics and find a way to generate an income from the produce. Micro greens to local restaurants perhaps?

#4 akkiandmalli

Posted 22 November 2012 - 04:32 PM

QUOTE (Percoriel @ 22/11/2012, 05:05 PM) <{POST_SNAPBACK}>
TBH $20k isn't muich to start a business with. I would invest it and wait till I'd a bigger amount first.

(sorry if not what you wanted to hear!)


I agree.. then when i had enough i would open a cafe/ wool shop complete with knitting lessons and courses...
ah the dreams..

#5 JaneLane

Posted 22 November 2012 - 04:43 PM

If I had that money to spend towards business, I would spend it photography equipment. A new DSLR, some new lenses and if there was any left after that I would get some studio equipment lighting etc.

I was watching something on TV recently OP about a farmer who provided some small specialty vegies/greens/edible flowers etc to some of Sydney's best restaurants.  They seemed hard to source so might be a good idea

#6 Three Of Hearts

Posted 22 November 2012 - 04:45 PM

on $20k it would have to be an internet based business of some sort.  Low start up costs and overheads and you could still work until it returned enough of a profit as being online you wouldn't have to worry about a shop front etc

#7 mumofenergiserbuny

Posted 22 November 2012 - 04:47 PM

cake decorating, from home, internet orders pick-up or delivery to within 1.5 hours from me.....
that 20,000 would get all the supplies i need to start and start up costs of business name, website etc

#8 niggles

Posted 22 November 2012 - 04:49 PM

It's not a lot but it is enough for some start ups. Something web based selling a service and not a product. Something you are a specialist in where you have good knowledge of the market and what it needs.

Me? I'd never do it. I don't have the entrepreneurial qualities right now.

#9 Alacritous~Andy

Posted 22 November 2012 - 04:58 PM

I'd give it to my dad for him to put towards buying the coffee/ice-cream trailer he's been dreaming of.

#10 WinterIsComing

Posted 22 November 2012 - 05:01 PM

I am hoping to start with less:-)
Customised wordpress theme website with a shopping cart developed via freelancer.com for $500
Product photographer found on gumtree for $100

Once market test is complete, hoping to bring a first shipment into the country for under $10000.

I did do an overseas sourcing trip! But that doubles as a holiday:-)

So, online niche business might be an answer, if you have patience to build it up slowly...I hope!,


#11 Tecopa

Posted 22 November 2012 - 05:05 PM

I used about half that to start my guesthouse. Not sure where you are but I rented some clapped out old boarding houses that were empty, furnished them and manage the room rents. Not for the faint hearted. $10K went on bond and rent up front, and only spent a few thousand to furnish as I got most of the stuff off gumtree to start with!

#12 bryce's-mummy

Posted 22 November 2012 - 06:00 PM

I think that food courts lack enough healthy and affordable food for kids. I don't think that $20,000 would be enough (50k-100k would be more like it) but I would start an eatery especially for kids that was affordable but tasty too. So sandwiches (for $3 or so and not $6 like at our local food court), fruit salads, yoghurts, little scones, healthy homemade muffins etc. Plus small servings of a range of hot foods. I would call it "mini mouths"  wink.gif  and I would hope it would be successful! How many times do you just give your kid the dreaded Maccas cos there's nothing else, reasonably priced, around. Even Subway for kids is a fortune!!

Edited by bryce's-mummy, 22 November 2012 - 06:01 PM.


#13 Escapin

Posted 22 November 2012 - 06:07 PM

I think that's a fabulous idea Bryce's-Mummy. Actually, I would delete the details of your post in case someone pinches your idea, especially the name...

Re the OP, with $20k? I think your aquaponics micro-herbs idea could be great original.gif You just need to do your homework to figure out if it's actually going to be profitable for you...

#14 bryce's-mummy

Posted 22 November 2012 - 11:27 PM

QUOTE (Escapin @ 22/11/2012, 06:07 PM) <{POST_SNAPBACK}>
I think that's a fabulous idea Bryce's-Mummy. Actually, I would delete the details of your post in case someone pinches your idea, especially the name...

Re the OP, with $20k? I think your aquaponics micro-herbs idea could be great original.gif You just need to do your homework to figure out if it's actually going to be profitable for you...


LOL! Perhaps but there's no way I'm ever going to be able to start a business. Though someone could start it and just give me some of the $$$!!

Or I can just keep dreaming!...

#15 Alacritous~Andy

Posted 23 November 2012 - 06:30 AM

QUOTE (bryce's-mummy @ 22/11/2012, 06:00 PM) <{POST_SNAPBACK}>
I think that food courts lack enough healthy and affordable food for kids. I don't think that $20,000 would be enough (50k-100k would be more like it) but I would start an eatery especially for kids that was affordable but tasty too. So sandwiches (for $3 or so and not $6 like at our local food court), fruit salads, yoghurts, little scones, healthy homemade muffins etc. Plus small servings of a range of hot foods. I would call it "mini mouths"  wink.gif  and I would hope it would be successful! How many times do you just give your kid the dreaded Maccas cos there's nothing else, reasonably priced, around. Even Subway for kids is a fortune!!


We have a cafe like that near me.  Actually, I am going there today. original.gif

They have babycinos for 60 cents, scones made in terracotta pots, sandwiches and toasted sandwiches for about $3.50, and a big kid's play area.  The toys could use a good sterlisating, but other than that, it is awesome.  Such a good idea.  And the flow on effect to other local stores is great too.  The hairdresser a few doors down must be reaping the benefits, as I know a group of mothers who meet at the cafe with their bubs, then take turns nipping next door to get their haircut while the kids are happy and occupied.

#16 Jekaho

Posted 23 November 2012 - 06:43 AM

I don't think $20K would be enough for start up personally, but if we had x amount that would, we would start up an eco/fairtrade retail business.

#17 teaspoon

Posted 23 November 2012 - 06:49 AM

OP - I'm reading "The $100 start up". Get hold of a copy and read it!!


#18 BJBubbles

Posted 23 November 2012 - 06:57 AM

We've started a business on close to that.  Like PP's have said, Internet based is much cheaper to get established and overheads are a LOT lower.  I work from home, storage for our goods is $120/month in specialised storage, domain hosting etc is negligible.  We spent more on our website than we had to (as PP said, you can get an online shopping cart done for $1000!), but we CHOSE to spend more on it.  And same with our first import, we could have spent less and brought in a smaller shipment, but we were willing to take the risk.

It's not profitable YET, as we only launched out website a few weeks ago, but it's not our main income, so we can afford to take our time.  We're hoping to have broken even within 2 years (1 year if we work hard, but with a baby arriving in Feb this might not happen!)  and then if I can make 20k a year from it (profit - working part time from home)  then we have succeeded in our eyes   :-)

#19 Holidayromp

Posted 23 November 2012 - 07:12 AM

I would get better returns if I invested that money in a managed fund......

Only invest that money if you have it to lose in the first place.

#20 _Alana_

Posted 23 November 2012 - 07:26 AM

Family day care original.gif

#21 Three Of Hearts

Posted 23 November 2012 - 08:20 AM

DH and I started our business 6 years ago with a part we sold on eBay for $50.  Then we used the $50 to buy 2 more products and sold them for $100 and on it went.

Today we have a profitable business with a retail store as well as a large online presence.  We started by buying products from a supplier but now import our own containers.  We both had full time employment for the first 3 years whilst we grew our business, then part time for the next 1.5 years when we started to get to busy to both work FT and run our business.  1.5 years ago we both left our jobs and never looked back.  And the best bit... because we built it up we don't owe anybody anything.

So I definitely think a business can be started on $20k.  It doesn't mean you aren't going to have to work hard and make sacrifices for those first few years, but it certainly can be done.

#22 girltribe4

Posted 23 November 2012 - 08:33 AM

QUOTE (_Alana_ @ 23/11/2012, 07:26 AM) <{POST_SNAPBACK}>
Family day care original.gif


LOL I was just going to post that $20,000 would def have helped set me up fully in Family Day Care . I am already operating but am trying to get a outside area done in our current ''wasteland'' and quotes so far have been around $11,000 .

#23 teaspoon

Posted 23 November 2012 - 09:07 AM

Allie_D - that's a great startup story!

How did you get the idea for your product line?

#24 Sweet like a lemon

Posted 23 November 2012 - 09:17 AM

So, so many things. Not sharing because I'm still convinced one of them will me millions one day Tounge1.gif

On that amount probably web design. It would be enough to cover the costs of registering a pty ltd, purchase the licensed software required and upgrade my hardware.




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