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Oct 23, 2012
In what time frame? And what industry?
We've managed to turn $200 to $20,000 in 6 months; but it all depends...
There is no one answer for all ... it depends on the market, US or abroad, industry, time frame, and target market, plus many many other factors.
Oct 10, 2012
Heard of capital budgeting? http://www.utsc.utoronto.ca/~wei/teaching/mgtc03/capital_budget.pdf If not, find an mba to dedicate some time to help you figure out which project will bring the greater financial rewards. Next, calculate how long it will take you to execute each project, and the resources you'll need in order to give them wings. Focus on those things where you have the resources, resources that cost you little to no money to execute. If I can help further, please be in touch at info@consultflt.com. Good luck!!
Sep 30, 2012
If you figure this one out, you will be revered by all!
I have done it twice,. seriously. So has many an entrepreneur. I did it in publishing and again in the medical equipment space.
this list is not necessarily in sequential order.
1. Have an idea that will work.
2. Do as much as you can yourself, initially as you have limited resources.
3. No rent or low rent. Work out of your residence, initially, or sub lease a room or to from a friend or someone.
4. Hire part time when u have to (outsource as much as u can initially).
5. Make few mistakes.
6. Lean and mean.
7. Learn to say NO.
8. Establish a small banking relationship with someone who can say YES.
9. Hire the best people and keep them motivated.
10. Don't run out of CASH it is the life blood of any business
11. Grow sensibly (not too quick) or you will out grow your cash
12. Collect what you sell (no to low Accounts Receivable)
13. Do without the fancy cars initially, as you grow
14. A little good luck never hurts
15. Know what the numbers should look like for this type of business. (ratios)
16. Know when to sell (cash out) too soon is better than too late.
17. Buy and use a crystal ball!
That's a start.
Good success to you.
Sep 29, 2012
I don't think this question will be taken seriously in this forum. It is the wrong forum!
Sep 28, 2012
There is no quick easy answer to your question. My contribution is to Join a Mastermind Group and get the help of motivated people who understand and will contribute with ideas and keep you on track to move your business to where you want it to be . It does not happen on its own, it takes hard work and dedication.
Sep 28, 2012
The best investments deliver the highest returns. What's the best investment you can make with total confidence? - you. Invest in you. If that means you want to invest $10,000 to start or grow your own business, what you invest in depends on your stage of development. If you have just an idea, you will need to spend time/money on market research, competitive research, R&D, branding. If you are beyond that stage, you will want to stretch your $10,000 creatively to maximize your marketing to get the visibility, credibility, prospects and customers to deliver a 10x return.
If you can show investors how they'll get back 10 times their investment in you/your business, you'll have qualified investors seeking you out.
Sep 28, 2012
LEVERAGE. Invest $10,000 and borrow say $40,000 (you have 20% invested) for a total of $50,000 to invest in a project or young company. If you invest into a young company with strong growth potential, it's not hard to double or triple you revenues early on in the company lifecycle. Let the company valuation take off and your $50,000 investment turns into a $150,000 valuation after a few of years. Pay back your $40,000 plus interest and you are left with your $100,000+.
This approach does have risk with it (if comany goes broke, you still owe the $40K) and picking the winning investment is key! Easier said than done.
Not always that easy to get the $40k when you are only willing or able to put in $10k!