Jump to content

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


  • Please log in to reply
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.




1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users

 

Tot meets his heroes, falls apart with excitement

Two-year-old Quincy finished his potty training last week, and as part of his reward he was able to meet his idols.

Beautiful in our eyes: Georgia's story

I will never deny the fact that grief has a place when you give birth to a child who brings a set of circumstances very different to what you imagined. Because for nine months, I thought I knew my Georgie.

'It's been phenomenal': widower dad of quads thankful for support

There was nothing Erica and Carlos wanted more than a baby.

Vin Diesel names daughter after actor Paul Walker

The actor said there was "no other person" he was thinking about when he chose the name.

How midwives can help women who experience domestic violence

More than half of women who live with abusive partners experience violence during pregnancy.

Mum describes giving birth during Cyclone Pam

A new mother was told she must flee Port Vila hospital with her baby as Cyclone Pam bore down.

6 signs you're done having babies

There were a few signs I'm never going back to the land of maternity jeans, breast pumps and bassinets.

Marta Dusseldorp reveals breastfeeding cost her an acting job

Australian actress Marta Dusseldorp has revealed she was forced to withdraw from a Sydney Theatre Company production because a director did not approve of her breast feeding.

Female celebs (or their babies) with traditionally male names

Looking for a name that's a little bit different for a girl? Turn to names that have been traditionally used for males, as these celebs (or their parents) did.

'If you're anti-immunisation ... take a look at this picture of my son'

Greg Hughes is "an absolute shell of a man" as he and his wife Catherine struggle to come to terms with the loss of their newborn son Riley to whooping cough.

How an extrovert can raise an introvert

Introverts are often misunderstood as shy, and sometimes even rude. A timid child can be difficult to build rapport with, but it's important we nurture their sensitive natures.

Sheryl Sandberg's advice

'Choreplay': Help out at home to get more sex, Sandberg tells men

Forget foreplay. The new and improved route to intercourse is "choreplay" - it's good for your spouse, good for your house, and comes with the imprimatur of feminist du jour Sheryl Sandberg.

How to play with your baby

The first time your child learns a new skill at playtime is very exciting - for both you and your baby! Play is important to your child's development for a variety of reasons - here are some simple ideas for you to try at home.

I'm a single mother by choice

For me, being the best mother I can be means being a mum alone, at least for now. Thinking of my friends with inadequate partners, I wonder why more people don’t choose single motherhood.

Awkward wedding photos

Weird poses, surprise photobombs, bizarre editing: these are the wedding photos that should have never seen the light of day.

Four-week-old baby Riley Hughes dies of whooping cough

The mother of a four-week-old Perth baby who died after contracting whooping cough says her family has been left devastated by the loss of her "gorgeous, sweet" son.

Win a Ben & Holly's Little Kingdom prize pack

To celebrate the April 1 release of Holly's Magic Wand on DVD and Digital, we are giving away five DVD packs featuring the newest installment of Ben & Holly's Little Kingdom Holly's Magic Wand and many more hours of family entertainment! Enter Now!

Oh boy! Video shows family's reaction to baby surprise

Little Peyton Williams thought she was getting a baby sister named Charlee. But the two-year-old has had to settle for a doll dressed in pink after her baby "sister" turned out to be a boy.

How to help build up your baby's immune system

We all know that having a strong immune system is the best way to stay healthy – but what can we do to help it along?

'Nick, you need to call an ambulance': home birth mum's tragic death

A Melbourne mum who died after the home birth of her baby pleaded with her husband to call an ambulance because she felt she was going to die, the Victorian Coroners Court has heard.

When dads believe their baby doesn't 'like' them

Q: My two-month-old baby doesn't like me. He's perfectly content with my wife, but when I try to hold him, he gets upset and cries. I've backed off a little, thinking that he just needs a little time to get used to me, but that doesn't seem to be working. I'm starting to think I'm just not a very good dad. Is it too late for me to build a relationship with my baby?

When was the last time a stranger praised your parenting?

Wouldn’t it be great to get some nice feedback every now and then? After all, everyone likes to hear positive praise, particularly when it comes to parenting.

Special Ticket Offer, Save $8!

The Essential Baby & Toddler Show is back this April! Save $8 off the door price for a limited time only!

15 names on the verge of extinction

If you're looking to revive an older name, or don’t want anything near the top 1000 list, check out these rare monikers for your unique baby.

5 characteristics of great dads

It’s great to see a generation of dads who are more actively involved with caring, nurturing and loving their kids.

Why doesn't Australia have more breast milk banks?

When there’s no question that milk banks are important, why don’t we have more of them in Australia?

Carrie Bickmore announces birth of daughter

Television personality Carrie Bickmore has given birth to her second child.

 
Advertisement
 
Advertisement
 
 
 

What's hot on EB

Sign up to our 30 days of #PlayIQ challenge

Sign up to receive 30 amazing tips and ideas for play with baby during the month of April and submit a picture or tip on our social wall for a chance to win an amazing Fisher-Price prize pack.

Man faces jail after giving woman abortion pill smoothie

A Norwegian man is facing jail after putting abortion pills in his ex-girlfriend's smoothie, causing her to have a miscarriage.

'He's a blessing': family of baby born without eyes

Jordy Jackson was born without eyes. He has anophthalmia, which affects one in every 100,000 babies born.

Win one of 5 Cadbury Easter Hampers

With Easter fast approaching, Cadbury are giving away 5 Cadbury Easter Hampers. Enter Now!

Super fit model Sarah Stage defends her pregnancy body

Model Sarah Stage has defended her pregnancy body after critics claimed her slim figure at eight-and-a-half months pregnant wasn't "normal".

Win a Ben & Holly's Little Kingdom and Peppa Pig prize pack

To celebrate the April 1 release of Holly's Magic Wand on DVD and Digital, Essential Baby and Entertainment One are giving away five bumper DVD packs featuring the newest installment of Ben & Holly's Little Kingdom Holly's Magic Wand and many more hours of family entertainment! Enter Now!

Why I post breastfeeding photos online

I love to take pictures of my children. In some of the pictures, my younger son is nursing.

The day I broke my baby

There are things I wish I didn't know. I wish I didn't know that companies make tiny braces, small enough to hold necks no bigger than a wrist.

The place just for dads of multiples

When a couple discovers they're expecting multiples, the dad can sometimes be almost forgotten in all the excitement and preparation. But one group offers a space just for dads of twins and higher-order multiples.

Brave mum calls for domestic violence law reform

A brave mum of two has shared details of the harrowing attacks she suffered at the hands of her partner in a bid to help other victims of domestic violence.

Why I had the new test for Down syndrome

Early last year I turned 35, and having just found out I was pregnant, I opted to have the new test for Down syndrome.

Geeky baby gear

If your family is more into Star Wars, gaming and the periodic table than most, you might want to check out these geek-chic baby items.

2015: the year of the sheep

According to the Chinese zodiac, babies born in the year of the sheep are creative and enjoy spending quiet time with their own thoughts.

Breakthrough genetic testing now available in Australia

Pregnant women will for the first time have access to locally analysed, accurate, non-invasive pre-natal genetic testing when the first Australian clinic to offer the services opens its doors next week.

Grandbabies: the babies born looking old

Not a day under 65 and a lifetime of struggle! That's the look of these newborns, who look adorably older than their real age. Social networking site Reddit recently featured user submissions of adorable grandbabies, here are our favourites.

Family kicked off flight after toddler seatbelt drama

An entire family was kicked off a Cathay Pacific flight when a misbehaving toddler refused to put his seatbelt on.

Stolen baby found after 17 years

A baby stolen from her mother's arms shortly after birth has been found through an astonishing coincidence.

53 creative pregnancy announcements

Announcing that you're expecting can be a time to express your creativity, sense of humour and imagination. Check out how other parents and parents-to-be have broken the news to friends and family.

IKEA hacks for the nursery and kids' rooms

Are you one of those that know the whole IKEA catalogue by heart? Love their stuff but want to personalise it? Here's some inspiration to help you realise the potential of IKEA furniture and fittings.

36 baby names inspired by food and drinks

A French court may have ruled out Nutella as a baby name, but that doesn't have to stop you from taking inspiration from the supermarket (or bottle shop). See what parents in the US have chosen for their delicious little ones.

Clever breastfeeding products

Check out this range of products designed to help make your breastfeeding journey more enjoyable, manageable and convenient.

 

Sign up now!

30 days of #PlayIQ challenge

Receive a daily email from Essential Baby during April with great play tips and ideas, then submit your baby at play photos to our Playwall, Instagram or Twitter for your chance to win.

 
Advertisement
 
 
Essential Baby and Essential Kids is the place to find parenting information and parenting support relating to conception, pregnancy, birth, babies, toddlers, kids, maternity, family budgeting, family travel, nutrition and wellbeing, family entertainment, kids entertainment, tips for the family home, child-friendly recipes and parenting. Try our pregnancy due date calculator to determine your due date, or our ovulation calculator to predict ovulation and your fertile period. Our pregnancy week by week guide shows your baby's stages of development. Access our very active mum's discussion groups in the Essential Baby forums or the Essential Kids forums to talk to mums about conception, pregnancy, birth, babies, toddlers, kids and parenting lifestyle. Essential Baby also offers a baby names database of more than 22,000 baby names, popular baby names, boys' names, girls' names and baby names advice in our baby names forum. Essential Kids features a range of free printable worksheets for kids from preschool years through to primary school years. For the latest baby clothes, maternity clothes, maternity accessories, toddler products, kids toys and kids clothing, breastfeeding and other parenting resources, check out Essential Baby and Essential Kids.