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

 

What you need to know about pregnancy and health insurance

It's not just waiting periods that couples need to consider - there are other factors to consider when thinking about health insurance.

Yummy mummy

Nicole Trunfio breastfeeds baby on Elle magazine cover

Australian model Nicole Trunfio has taken the concept of multitasking to a fashionable new level for Elle Australia.

Warnings after baby girl died while sleeping in bouncer

Parents have been warned about the dangers of letting babies sleep in bouncers and swings following the death of a three-month-old girl.

Coping with fatigue as a parent

Sleep deprivation is a real hazard of caring for a baby. But there are ways to manage the challenges of fatigue better.

A very 21st century issue: parents, parks and smart phones

It's not all the parents, and it's not all the time, but there is often at least one doing it. And sometimes, that 'one' is me.

Appliances

Faulty washing machines linked to house fires

More than 80,000 faulty Samsung washing machines pose a fire threat in homes throughout Australia despite a nationwide recall of the machines.

'I had a lotus birth and I loved it'

Lotus birthing is not all that common, but for a number of women it feels like the most natural thing to do.

7 things you might not know about postnatal depression

Despite its widespread nature, there is still a great amount of mystery surrounding PND - and it's important to try unravelling as much of that as we can.

Is your family's car part of the world's biggest safety recall?

More than 50 million vehicles recalled for potentially lethal airbag fault - is your car affected?

Why drinking water can be deadly for babies

H2O is one of the necessities of life, but for babies a seemingly harmless amount of water can be fatal.

Mother-in-law faceplants during proposal

He had it all planned: a romantic proposal on a windswept beach. The whole family would be there so they'd all be able to celebrate the joyous moment together.

A preschooler suddenly goes mute - and it's not just shyness

When our son stopped talking, our sense of loss was painful and acute.

The mums who ask for a 'wife bonus'

They run their homes like domestic CEOs and work tirelessly to improve their family's social standing. And now, according to a new book, they want an annual perk from their husbands.

Woman shares photo of dimple on breast to warn others of cancer risk

A widely-shared Facebook photograph of a British woman's breast has raised awareness of a more subtle breast cancer symptom.

Starting a family despite a low sperm count

"I'd never really failed a test - how could I fail this particularly manly test?"

It's official: we must better protect our kids from toxic lead exposure

New guidelines have been released, aimed at reducing children's harmful exposure to lead. But they still don't go far enough.

Trouble-shooting toddler social skills

Chances are your toddler's behaviour is all completely normal - but here's how to tackle some common social problems.

Helping your first-born welcome a sibling

We did sigh with joy at the arrival of a royal princess - but, mostly, we sighed with pity at the sight of Prince George being taken to meet her.

Farewell, daytime nap

I've been in denial and I'm not too proud to beg, but it appears I must accept the fact that you have gone. I need to let you go.

The identical triplets who are one in 50 million

The father of identical triplets born in a Texas hospital says his three daughters, including conjoined twins, are "a miracle" sent by God.

Seven questions you should be asking about your health cover

If the last time you assessed your health cover was five years ago, there?s a chance it may no longer suit your needs. To ensure it?s still right for your family, click here for seven questions to ask.

 
Advertisement
 
Advertisement
 
 
 

What's hot on EB

How to use gas effectively in labour

Many women in labour don't use gas effectively and suffer more side effects than benefits. Here's how to get the most out of this pain relief option.

'He has gastro but that's okay, right?': sick kid etiquette

We cannot place all children who are sick in a bubble till they recover, but we can give other parents a choice about exposing their kids to them.

Ada Nicodemou: 'I can never be completely happy again'

Home and Away actress Ada Nicodemou has opened up about the loss of her stillborn baby.

10 things to consider when you're thinking about trying for a baby

Before you start tracking your menstrual cycle and reading up on the best positions to get pregnant, there are a few other things you may want to consider.

How special surgery and IVF can create a post-vasectomy baby

Cricket legend Glenn McGrath and his second wife Sara are expecting their first child together, thanks to IVF and a delicate surgical sperm retrieval process that helped the couple to conceive.

Belle Gibson's mother 'disgusted and embarrassed'

The mother of disgraced wellness blogger Belle Gibson has accused her daughter of lying about her childhood in an attempt to garner public sympathy.

Doctor's mobile phone 'left inside c-section mum'

A new mum claims a doctor left his mobile phone inside her after delivering her baby via caesarean section.

I'm a mum and I'm following my dreams

I want my kids to know that no matter what happens in life, you can still be who it is that you've always wanted to be.

Those first daycare days

I had this innate 'mum' moment the other day.

'If one person had listened, my life would have been so different'

Katherine's father will die in prison for the horrifying sexual abuse of his daughter. Yet she is the one with the true life sentence.

This new plan undermines breastfeeding and baby health at everyone's expense

Mothers, babies, the health system and the wider society are going to pay the price of this new budget.

Couple to celebrate terminally ill baby's birthday in unique way

Baby Jai Bishop has lived at Starship Hospital for the past seven months, with his parents flying back and forth from Hokitika, 1100km away, to be by his side.

Life On Mars

It's men who need 'retraining', not women

We are all responsible for our own behaviour. Telling victims to harden up is wrong.

Baby Gammy's dad tries to claim charity money

The biological father of baby Gammy has reportedly tried to access charity money raised for the little boy's medical costs.

Where are the childcare places?

It?s all very well to encourage women to work if they choose to, but how can the measures lead to increased workforce participation when women are once again left holding the baby?

The pain of not having babies and not knowing why

After seven years of wishing, hoping, crying, punching pillows and shouting "why me?!", the end result is more than I ever thought possible.

Getting your family finances in order

Whether you're after a new car for a growing family, a bigger house, or are just fixing up your finances, here are the basics on borrowing.

Mum shares graphic selfie to warn against tanning

A mum has shared a graphic photo of her skin cancer treatment as a warning to others.

Does parenthood make us happier?

We can certainly gain higher levels of happiness when we become parents, but the trick is to not get overwhelmed by the pressures of raising our kids.

No, having a dog is not like having a human child

It's obvious these people dote on their pets, but they're barking up the wrong tree.

 

Top baby names

Baby Names

The numbers are in and we can now bring you the 2014 top baby name list for Australia.

 
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.