What would you do with £10k

[stender]

If you were given £10k now for your business or to start one, what would you do with it?

[NetConneXions]

Hire more staff and increase marketing.

[LicensedToTrade]

Hire more staff and increase marketing.

You would either be expecting a very quick return from you new staff or you would be paying them less than the minimum age with only £10k at your disposal.

[NetConneXions]

You would either be expecting a very quick return from your new staff

that bit of it.

[LicensedToTrade]

Apologies for missing letters in some of my words, I'm using a friends macbook and the keyboard is bloody rubbish! :D

[Gillie]

If you were given £10k now for your business or to start one, what would you do with it?

£10K? That would just about pay for a stand at an exhibition!!

So stender, what would you do with £10K??

[sirearl]

Buy the wife a new broom ,the rest should just about cover me expenses.

Earl

[NetConneXions]

This isnt you is it? http://www.youtube.com/watch?v=pbha4XclSMU

Buy the wife a new broom ,the rest should just about cover me expenses.

Earl

[sirearl]

This isnt you is it? http://www.youtube.com/watch?v=pbha4XclSMU

If you are trying to imply I am a tight arse ,I buy her a complete new one every 12 years.

Mind you I was a bit shocked to find the latest one was £2.99.:eek:

But then she is worth it.:)

Earl

[Cartoon Logos]

If you were given £10k now for your business or to start one, what would you do with it?

I'd invest in

Illustrator,
an A3 scanner,
a touch screen laptop,
some type of graphic design course,
a nice drawing table with built in light box...
Lots of spare drawing pens and paper
Someone to do the bits I can't summon enthusiasm for re my website - ie ordering boxes

Is there any left?

[LicensedToTrade]

I'd invest in

Illustrator,
an A3 scanner,
a touch screen laptop,
some type of graphic design course,
a nice drawing table with built in light box...
Lots of spare drawing pens and paper
Someone to do the bits I can't summon enthusiasm for re my website - ie ordering boxes

Is there any left?

A good solid answer to the original question, the first such one on the thread.

[marlinman]

Deposit on a new car :)

[Cartoon Logos]

A good solid answer to the original question, the first such one on the thread.

I think having a clear idea what you need to improve and progress is a small step towards reaching that end goal...visualisation and all that..









....or rich benefactor who stumbles across thread....;)

[APC RoadLink]

Pay myself a decent wage

[Stretchy]

With 10 grand? You're easily pleased.:D

Pay myself a decent wage

[APC RoadLink]

With 10 grand? You're easily pleased.:D

Your not wrong lol.:D

[LicensedToTrade]

I think having a clear idea what you need to improve and progress is a small step towards reaching that end goal...visualisation and all that..

That's exactly right, £10k isn't an awful lot of money, but it can quickly amount to a £100k wasted opportunity if not spent correctly. £50k seems quite a bit more than £10k but in reality it is just 5 opportunities to waste £10k. You managed to identify things areas where spending £10k would actually add value to your operation when there a million and one other ways where it would be easier to waste £10k.

Many small businesses that have been running a few years decide they want to expand and so they decide that they need £10k to do this, they have no idea where that number came from or what they need to spend it on but they know they apparently need to expand. So they somehow convince a bank manager or private investor to give them £10k, then they waste it and now they are in a situation where they are haven't expanded the business but they have added £10k to the companies debts.

[Cartoon Logos]

Many small businesses that have been running a few years decide they want to expand and so they decide that they need £10k to do this, they have no idea where that number came from or what they need to spend it on but they know they apparently need to expand. So they somehow convince a bank manager or private investor to give them £10k, then they waste it and now they are in a situation where they are haven't expanded the business but they have added £10k to the companies debts.

That's bizarre

I find being vague with a wish list brings vague or non-existent rewards also.

[bloggingtothebank]

I have a similar situation. Can be discussed.

[Emily Quirk]

I'd buy shares in Tesco

[Emily Quirk]

only because I spent a whole year studying it

[Emily Quirk]

If you were given £10k now for your business or to start one, what would you do with it?

Well I would start a business in a niche market for odd sized shoe and socks.

[Flows]

Black 26.

Nah erm, Would Brain Storm my Ideas for a month then find something worthy.

[UCAY]

I have a very niche dietary requirement and have developed a small group of food products that is currently entirely unique in the UK. My daughter also has the same intolerance to this particular food group (along with ??? many other people around the country - small yet entirely untapped niche market). With £10k, I would convert my double garage into a small manufacturing plant - kitted out with the required plant equipment. Get it registered with Environmental Health Services. Get a nice label designed (my attempt is just too shabby). Do my HACCP and get the product verified as safe by a Public Analyst. Do a small run of say 5k units of the 3 main products, and then blits some food shows.

...Okay, so I'm probably going to need more than £10k :p

[JoyDivision]

I will buy my car of the finance company, pay of my credit card and then hire the services of a marketing company.

[Lee Jones Jnr]

£10k isn't enough to do anything significant for a lot of 'real life' businesses.

[LicensedToTrade]

£10k isn't enough to do anything significant for a lot of 'real life' businesses.

Not in itself no. But 10k is a starting point to secure further investment. It is much harder to find startup funding if you can't demonstrate a willingness to risk your own money.

[pedroTA]

How have you got on with your project? Sounds interesting.

[Clarkewoods]

I would use it too:

Pay for 5 x 3 protoypes of my invention as they are all slightly different
Pay to have the packaging designed and produced
Spend £1000 on display stands and promotional materials
£3000 on the design registration and patenting
and the rest I would order as much stock as I could and do a market test run ready to secure bigger investment if I needed :)

Although hopefully with a 300% return I would be ok to being with!

[OpenSure]

After running round the garden screeching with delight, I would look into what half of it spent on marketing could achieve for us. With the rest we'd update a few bits of hardware, and invest the rest in moving our servers into the new 100% 'green' data centre our current data centre people have created.

[DIDAMEDIA]

Hire a super sales person and maximise your ROI

[Fresco_Creative]

40% would go to marketing 40% would go to diversifying / adding a couple more services and 20% would be held in reserve for a rainy day

[CompactCleaning]

I would spend 3 grand on getting some good equipment, 2 grand on marketing, any bits and bots we need say 500, 4500 down on a brand new van.

[gouldie0]

This is an interesting thread because there haven't been that many decent replies. You'd have thought we should all have business plans and therefore know exactly where we'd put the £10k :).

- I'd spend £4k on advertising and marketing as this is an area where I've spent very little.
- I'd spend £1.5k on improving my IT equipment, new PC etc.

And the rest would be saved for a rainy day, or maybe another marketing campaign.

Kind Regards

Neil

[dedwardp]

Perhaps purchase a nice Mac and then look at ways of marketing and securing more work using some of the funds.

Wouldn't expect to spend it all and would save the rest for later uses but marketing materials would definitely be an immediate thing.

[Consistency]

If you are trying to imply I am a tight arse ,I buy her a complete new one every 12 years.

Mind you I was a bit shocked to find the latest one was £2.99.:eek:

But then she is worth it.:)

Earl

I know someone who works for the council and has had the same broom for 20 odd years. It has had 17 replacement handles and 22 replacement heads.


His name is Trigger, he told me on the telly.

[Consistency]

A van that has four cages so we can take all four dogs out at the same time.

[Scott-CopyandDesign]

Adwords...

[dots and spots Jeff]

Use it to roll out a new range of products.

We've grown from a kitchen table start up by re-investing and increasing first our range of cards, and then branching out into other products. We've got wrapping paper & gift tags coming out in May, and one or two other lines to be launched this year, but there's still lots of other things we'd like to do. We've been cautious - waiting for cash to come in before embarking on the next part of our expansion.

That 10 grand would speed up the whole process for us. Its an interesting number - now we've got lots of shops stocking us, warehousing & and the 'back end' sorted I've been thinking that that's the sort of figure we could now maybe borrow to launch another new product with a high degree of confidence, instead of waiting & saving the cash to plough back in.


Jeff

[Wendell Zuchs]

Fro what I've done with my money is setting new business that earn at least 20% profits.

[PortalMarketing]

If you were given £10k now for your business or to start one, what would you do with it?
I would start a £10,000 adwords campaign, a drop in the ocean but it would generate me business for my seo company.

[JWFX]

Ever thought about trying Forex/Stocks/CFD's/ some sort of Trading, i do it for a living can be very profitable and not as complicated as some people would think!

[B_shadnia]

I thought this thread was the perfect one for me to introduce myself because that is exactly the position that I'm in, I'm in my final year of uni and rather than try to get a job I want to start up a business with that exact budget. I've entered the flare enterprise competition at my uni and to get through to the final I have to write a business plan so this is hopefully setting me up to start up my company. I'll be launching an online business in the property field so hopefully soon I'll be able to comment on my progress

[djwellis]

I'd get the partition walls installed in our new super-huge office.

This would benefit us several ways;

1 - Immediate decrease of business rates as we would be eligable for small business relief (trust me, I'd worked it out)
2 - Creation of approximately 8 smaller offices that we would rent out as serviced offices, generating an additional income.

Estimations at present say we'd be re-paid within 4 months of fully-let premises, so £10k should take approx. 1 year to get back, generating a further £2k per month thereafter.


5 months after that I'd have another £10k - this, I would invest in chocolate.

[thecyclingartist]

Easy. I would pay 12 months of my London studio rent outright and then use the rest as a deposit/part payment on small work/live studio premises at a coastal location. This would have a big impact for my business in terms of creating and selling. Selling directly from my studio is approximately 50% of my turnover, so it would give me some financial stability in London and increase my output and potentially add a second contact point for more clients.

Tina.

[woodss]

I'd stick it in the bank and revel in the comfortable feeling it brings knowing all of my bills will be paid for the foreseable future while I work on bringing more cash in.

Simple life :)

[DeadlineData]

I would personally buy highly segmented and accurate data from a leading UK based telephone-validation firm :D

If someone offered that sum of money, I could imagine an extra pair of hands which belonged to a young college/graduate who could learn and develop within our organisation. Alternatively a bit of specialist training from an outside firm may also come in handy.

Nice post & comments guys :)

[Jheath]

Perhaps purchase a nice Mac

Good plan my friend, you never know when we might get a heavy downpour of rain, best be prepared :D:D:D

[Mick160]

I shell Enhance my military surplus store. And every Saturday I'll give big parties till last bug.:D

[Baz Watkins]

10 grand would cover my start ups marketing needs and allow me to draw a wage if the work continues to come in slowly. For me £10k would solve all my business issues in one go, including guaranteeing its future for the next 2 years and allowing me to build the business as my needs dictate.

[jezza123]

Invest it all into a motor racing car business that my brother has been dreaming about for years.

[Kyle Trump]

Invest more in advertising and hire some new staff. (also improve some of our services)

Cant go wrong with that, really.

[MichelleDancer]

10k would be a huge amount for a business like mine. Priorities would be:



Laptop (possibly a Mac for Apple development work, though I'd feel wrong inside for buying one)
Printed brochure campaign(s) sent to target customers
Pre-pay a virtual assistant enough for a year's work so I don't need to worry about my admin ever again!


That's it, that's all I need. Rest would go in savings for planned expansion in a year or two, and a little bit would end up spent on domains for future ventures since I'm addicted to buying them.

[dedwardp]

Imagine £10k worth of free Adwords...

[Marksb89]

I'd get it in £1 notes and roll about in it

[djwellis]

I'd get it in £1 notes and roll about in it

They went obsolete in the 80s you know!!!

[Marksb89]

They went obsolete in the 80s you know!!!

Still get them in circulation in Scotland :p

[bulkybo]

I would use 70% of the money in marketing&advertising.

[AP1985]

Stick it on red and double up.

[JohnD.]

Get myself £7000 worth of stock
£1500 on import duties
£1450 on advertising and a trade show.
£50 on Beer and Curry :)

[Uwe (Invoiceberry)]

Probably invest £5,000 in online marketing.
The other half would go towards marketing and branding materials for offline purposes.

Best Regards,
Uwe

[Smarter Webdesign]

I would probably invest in:


Advertising (Online and Offline)
A decent graphics tablet
A marketing drive to get the Smarter Webdesign name out there more
A new CRM system made to fit

[sirearl]

I would start a £10,000 adwords campaign, a drop in the ocean but it would generate me business for my seo company.

Why would you need adwords if you are have an SEO company.?:|;)

Earl

[MASSEY]

Why would you need adwords if you are have an SEO company.?:|;)

Earl

Because you can achieve more with adwords :|

[sirearl]

Because you can achieve more with adwords :|

That may be true for lesser mortals.:(

Earl

[Brad Haddin]

I'll invest in stock or Live Stock.. Manezil.com

[Sibkis]

10k
Subscription based website including
Home page, Landing Pages, Sales pages, Client pages, Product Pages, Social, Admin areas
and 12mths hosting and AB testing £4895.00
Pro SEO Copywriter UK based for 5 landing pages, about us etc £1500.00
Performance based Call centre 4mths outsourced various accents £1200
Contingency£2405

[ilyas115]

If any one have 10K then follow me.
For real profit able work its auto trade in eur/usd.

[kotoral125]

Hi

I read some opinions in this topic. I do not agree above ideal. We can find out some articles at about.com by using Google search.

[APC Nexday Overnite Ltd]

Is this £10k + vat or £10k inc vat if it's the latter I have infact only £8333.3 to spend. If that's the case I've worked out per employee we have per day and 52 weeks per year we'd have £2.29, i'd put this towards buying their dinner every day to make them happy(ier) - I say this but in reality I reckon I'd come to my senses and put it towards a new van haha

[chrisbarnes86]

10k would go towards paying an employee, maybe not full time but not far off, to enable me to go out and push the sales side as all my time is spent operationally on existing customers. Computer system could do with an overhaul but that's not as important.

[prince_capri]

I would take a bit more risk in a new low-cost startup.

[90DC]

If I had £10k, I'd take the family to DisneyWorld, but I don't have a spare £10k, let alone a spare 10 minutes.

[internetspaceships]

I'd buy an extra ten grandsworth of "flippable" stock, sell it for 11k the next day.

Then buy 11k worth of flippable stock, sell it for 12.1k.

Twice a week, rinse and repeat.....

[sarahessex]

Pay someone to do my admin - am drowning in it and not getting far with the real meaty business stuff!

This is a very poignant question for me actually as I'm the finals of the Barclays Take One Small Step award and have a 1 in 3 chance of winning £50k - I can't actually comprehend what that means really, it feels so shockingly abstract! but oh to have someone doing admin for me! :D

[MASSEY]

This is a very poignant question for me actually as I'm the finals of the Barclays Take One Small Step award and have a 1 in 3 chance of winning £50k -

Not bad odds, good luck.

Im not jealous.

[internetspaceships]

Massey isn't lying - I'm sure ...

[sarahessex]

Not bad odds, good luck.

Im not jealous.

LOL, I still can't get my head round it to be honest!! and I certainly don't believe we will win :eek: it's just too big to comprehend!

[sarahessex]

Massey isn't lying - I'm sure ...

of course ;)

[MASSEY]

No im not lying internetspaceships :D why would you say that lol.

[hmmm]

i,d have probably stuck it all on barcelona at the weekend

[Paul180]

New car, obviously ;)

[mbabuskov]

That really isn't much, I'd invest in marketing probably.

If you decided to start one, that would only be usable if you decide to outsource everything, but then the quality would not be great.

If that was all I had, I'd move to some East European country and start a company there ;)

[APC Nexday Overnite Ltd]

would that be equal to a 1,000,000 pence mix?

[Red Mist]

I would be tempted to get a project manager on board and put the money towards that. Maybe put half on Fed Express to win Wimbledon!?

[RBS]

I'd buy shares in Tesco

I would if I would have 150k. Food costs are rising, Tesco is expanding into another non food related areas. Its very long term investment IMO.

[RBS]

£4k would cover my costs moving to live in central London, so I`m closer to my customers and can serve more per day. 6k towards advertising/marketing would boost my customer base hugely. In 18 months I could possibly quit day job and live my dream life - be my own boss doing what I`m addicted to :)

[ViperCCTV]

£4k would cover my costs moving to live in central London, so I`m closer to my customers and can serve more per day. 6k towards advertising/marketing would boost my customer base hugely. In 18 months I could possibly quit day job and live my dream life - be my own boss doing what I`m addicted to :)

You should try a bank or an angel investor, if 10K is all that's stopping you? :D

[RBS]

You should try a bank or an angel investor, if 10K is all that's stopping you? :D

I prefer to be free from relationships with such companies or people.

[ViperCCTV]

I'd probably spend 5K in a kitty for an ambitious young go-getter to buy stock and start ebaying in a chosen field, then if all goes well add in the other 5K for good measure, if all goes "pete tong", try the same again with another young ambitious go-getter.

[Rouge]

I would pay off a couple of my business debts from when I started up. They're bugging me and I feel like the stress of having them there is holding me back on simple things (like sending my staff on training that normally I wouldn't blink an eye at)... It's not that I can't afford to pay them, it's that I need to spend the money elsewhere now and these debts seem to fall at the bottom of the list...

I owe a family member about £5k that they let me borrow to start up which I pay off monthly, but would rather just went away.
I owe suppliers about £2k from right at the very beginning which isn't a lot really but when I've got bills from here and now to pay it's hard to focus on those ones.

And the rest I'd put aside for months where we didn't break even probably. Not very exciting really! LOL

[APC Nexday Overnite Ltd]

If I just got given 10k to improve my company I'd consider giving it all to charity- the publicity of "business owner gives away £10,000 of improvement funds to a charity" would bring in a lot of new custom....Big risk though

[Flows]

It's been along time since my last post in this topic a few bio's later and my views sorta changed.

I'd invest around 3k in supplys for my business, equipment, and spend the other 7k on advertisement.

[Kimi01]

If anyone gets such huge amount then I would suggest to invest in Forex trade. It is the best platform to enjoy return of investment. But make sure that you take assistance of an experienced broker. There are also online tutorial to help the beginners.

[MASSEY]

If anyone gets such huge amount then I would suggest to invest in Forex trade. It is the best platform to enjoy return of investment. But make sure that you take assistance of an experienced broker. There are also online tutorial to help the beginners.

Yeah if you want to be robbed.

[JonnyBiz]

If you were given £10k now for your business or to start one, what would you do with it?

I would hire someone/company to develop a much better website than I have now to show and market the work I do, as well as do all the required SEO and social network (Facebook, Twitter, fanzines) to increase visibility and make money from it. There should be enough left to hire a part-time home worker to help me with the content for next season.

[bestwigs]

I will do travel China.

[prizeamonth]

i would use the money to
1. redevelop my website and move it to another server/host
2. have a new logo designed
3. advertise,advertise,advertise
:)

[nikky78]

I will make World Trip :)

[danbdex]

If your spending thousands of pounds on marketing then obviously 10k isn't going to cut it and this person needs an answer, so use your brains people and give them a productive answer they can use.

The fact is any business can be opened on any scale and be successful :)

Take your idea an place it into a market area that is small scale and has a need for it.

Have a goal and plan for the 10k

Market research before you start and you cannot I repeat cannot go wrong as long as your market research skills are up to scratch. :)

What I would do is:

I have skills in: Peoples perceptions, art, web design, any type of computer software, Sales, Customer service, Process mapping.

I would:

Open a website that matched two needs together in an easy way then make money off the needs.

Easy

:)

[internetspaceships]

Wow , open a need matching website and it's easy? That's it?

[greenshaw]

I'd probably spend 5K in a kitty for an ambitious young go-getter to buy stock and start ebaying in a chosen field, then if all goes well add in the other 5K for good measure, if all goes "pete tong", try the same again with another young ambitious go-getter.

I totally agree, nothing is out there to promote and support the young to start up or run a business :mad:

[internetspaceships]

Rubbish.

You should have started out in business in the nineties. Even your benefits were stopped the day you said you were going self employed.

No support, nothing, no grants, no loans. Nada....

[greenshaw]

Rubbish.

You should have started out in business in the nineties. Even your benefits were stopped the day you said you were going self employed.

No support, nothing, no grants, no loans. Nada....

Wear some burberry and drink stella at mid-day, that's the only way to get a grant or any benefits these days.

[AdamH_LWG]

Spend it all on SEO and advertising, setting up online store and having a pro tweek my website. I would probably run out after a day haha.

Its a shame there isn't actually anywhere to get a 10k investment.

[internetspaceships]

There is a lot more to a business than a website, SEO and advertising you know. I wouldn't blow all your money on those.

People seem to think that they can do the above and that's it. Suddenly their business will take off.

[AdamH_LWG]

There is a lot more to a business than a website, SEO and advertising you know. I wouldn't blow all your money on those.

People seem to think that they can do the above and that's it. Suddenly their business will take off.

Trust me I did the rest, the website has been redesigned and tested with groups giving feed back.

I get all my customers to give feedback also, now I have the site at a stage where I can have customers viewing I need SEO and marketing to get the customers.

I know all too well that there is more than SEO to a website.

[internetspaceships]

What I meant was that there is more to business than a website :-)

[AdamBeils]

Just increase the advertising, hire more people and make sure everything is flawless. At least when it comes to investments :)

[mike.davis]

50k and we're talking, 10k just goes in the bank.

[komank_wirya]

If you were given £10k now for your business or to start one, what would you do with it?


Why don't you try to invest in prospective and potential business like build a brokerage Agent or Company? or invest at gold who it prices is increased YoY coz of their function to be Save Heaven?

Regards,
Komank Wirya from Bali.

[mike.davis]

Why don't you try to invest in prospective and potential business like build a brokerage Agent or Company? or invest at gold who it prices is increased YoY coz of their function to be Save Heaven?

Regards,
Komank Wirya from Bali.

Well firstly, good luck starting a brokerage firm :rolleyes:

And secondly gold certainly isn't a safe heaven, it peaked in 1980 and went tumbling down, and we could be due a similar occurrence considering the extortionate price it's at now.

[tiger_greeneyes]

£4,000 - £5,000 on printing and delivering brochures, local media advertising, upgraded radio communications system, upgraded mobile phone with electronic appointments system capabilities and install a dedicated telephone line. The rest would go towards studying for more professional qualifications in the industry.

[internetspaceships]

Amazed that more people havent used the 10k to fund an extra person for however many months in a particular role and see how positively it affects their business!

[CoolCaddy]

I would invest in the following;

Finnish of the Website as it still needs a couple of modifications - £700 to £800.

Pay 50% of tooling cost of new invention

That would have been 10K, with that i could adjust the input of my business plan so the angel investors can see i have added 10K of additional fund and i would only be asking for the same amount as i have added.

[Lucan Unlordly]

I'm surprised at the number of people who would invest the money in marketing.

Whilst marketing and advertising can be hit and miss it's surely got to be an essential part of any business and using a £10k windfall smacks of a desire to gamble as opposed to a thought through plan? Easy come, easy go!

[thecyclingartist]

Who says marketing isn't a thought through plan? yes it's throwing away money to market randomly, but clever people will have a very well researched marketing plan with focused targetting that will maximise their money.

Plus marketing isn't just advertising, as I'm sure you know. Research, funding retail and trade event showing costs, promotional material that is linked to events already planned. These are things that if I have the additional funds to do have pretty much a 100% guaranteed return rate in my experience.

Tina.

[Lucan Unlordly]

Who says marketing isn't a thought through plan? yes it's throwing away money to market randomly, but clever people will have a very well researched marketing plan with focused targetting that will maximise their money.

Plus marketing isn't just advertising, as I'm sure you know. Research, funding retail and trade event showing costs, promotional material that is linked to events already planned. These are things that if I have the additional funds to do have pretty much a 100% guaranteed return rate in my experience.

Tina.

Clever people will have a very well researched marketing plan and won't therefore be waiting for a £10k windfall.

For example a business that pretty much expected a 100% guaranteed return rate would already be marketing accordingly wouldn't they?;)

[thecyclingartist]

I doubt many of us are *waiting* for a windfall, it was just a hypothetical scenario. And surely in business you need to take risks? I've only seen one comment you made (although I may have missed a previous post) where you thumbs-upped someone saying they'd bank it. £10K might last 6 months for living costs in London, with possibly £100 earned in interest in a regular bank account.

For that I could attend 2 large sales events and do promotion for them. The likely return should (yes, always a gamble) net me about £20K. Not big money to some, but it is to very small businesses like mine. So do I sit comfy for 6 months, or decide to marketing my business, take a calculated risk and push it further?

"For example a business that pretty much expected a 100% guaranteed return rate would already be marketing accordingly wouldn't they?;)"
That assumes they can afford the intial costs of things they know would give a good return. In the real world, this isn't a good assumption. I know those sales events would be good. Knowing that doesn't magically give me the money to do them to start with. So I do other things that are within my budget and work my way towards them.

[Lucan Unlordly]

I doubt many of us are *waiting* for a windfall, it was just a hypothetical scenario. And surely in business you need to take risks? I've only seen one comment you made (although I may have missed a previous post) where you thumbs-upped someone saying they'd bank it. £10K might last 6 months for living costs in London, with possibly £100 earned in interest in a regular bank account.

For that I could attend 2 large sales events and do promotion for them. The likely return should (yes, always a gamble) net me about £20K. Not big money to some, but it is to very small businesses like mine. So do I sit comfy for 6 months, or decide to marketing my business, take a calculated risk and push it further?

"For example a business that pretty much expected a 100% guaranteed return rate would already be marketing accordingly wouldn't they?;)"
That assumes they can afford the intial costs of things they know would give a good return. In the real world, this isn't a good assumption. I know those sales events would be good. Knowing that doesn't magically give me the money to do them to start with. So I do other things that are within my budget and work my way towards them.

I gave the thumbs up to the suggestion that banking the money would be a good idea as for many business people having cash behind you takes the pressure off and buys time, not to make interest. I know that the other school of thought is to borrow, take risks and put the pressure on oneself in order to achieve but each to their own.

Affording the initial costs of marketing is a bit of an irrelevance. It's all about horses for courses. The posts that I refer to say they would spend more money on advertising and marketing and no business should spend a penny without the promise of a good return be it £10k from the pot or a £10k windfall. (The OP said what would you do if somebody gave you £10k and I see that as a windfall as it hasn't happened in the course of my normal business day yet).

PS: I know what it costs to live in London and was in Greenwich Market yesterday afternoon.;)

[MASSEY]

Lucan surely you would invest it in that thing you buy and sell it again.

Working on your last figures you could use your ten grand and return 300 thousand, then 3 million then 300 million.

:D:D:D

[Lucan Unlordly]

Lucan surely you would invest it in that thing you buy and sell it again.

Working on your last figures you could use your ten grand and return 300 thousand, then 3 million then 300 million.

:D:D:D

Your referring to an online service where I buy nothing but server space.

Do you think that every business is scaleable with an injection of cash? Massey...you've just learnt a valuable lesson.:D

[MASSEY]

Your referring to an online service where I buy nothing but server space.

Do you think that every business is scaleable with an injection of cash? Massey...you've just learnt a valuable lesson.:D

I'm fully aware not everything is scaleable. I was taking the piss mr lucan sir.

[Lucan Unlordly]

I'm fully aware not everything is scaleable. I was taking the piss mr lucan sir.

I know. I used the opportunity to use one of my round door handle identification replies.;);)

[Tin]

Thread Locked. I will remove the arguments and personal comments from this thread then deal with members accordingly.

Thread now trimmed and re-opened

Ray

[LicensedToTrade]

Thread now trimmed and re-opened

Ray

And consequently four hours later nobody has bothered to reply :D

[Y.Gunay]

That is lot of money when you don't have it. i would say buy a van for 3k insurance 1.5k, install window cleaning equipment inside for 2k ,advertisement 1.5k. and start your own professional commercial window and sign cleaning company, you can do cash or account work. :)

[Y.Gunay]

10k is lot of money if you don't have it.

i would spend 4k on a van, 1.5 k on insurance , 2k on window cleaning system,1.5 k on advertising, and 1k for petrol,food,uniform. and form my own professional commercial window & sign cleaning company.

i would definitely persuade more account customers than cash for the future of my business if i want to grow.

[compaq]

10k these days won't get you much.

You only live once, go to the nearest strip joint, pub, curry house and blow it.

You can then not have to worry about marketing, website, advertising and what not!

I have a chuckle when people say employ someone, yeah right, what for 2 weeks???

Just let off some steam and enjoy.

[fwd333]

put it all into marketing

[internetspaceships]

10k these days won't get you much.

You only live once, go to the nearest strip joint, pub, curry house and blow it.

You can then not have to worry about marketing, website, advertising and what not!

I have a chuckle when people say employ someone, yeah right, what for 2 weeks???

Just let off some steam and enjoy.

5k per week? Marvellous. I have to laugh when people can't do basic division too!

[Stretchy]

If the job for 5 grand a week is part time, with paid holiday and use of the company receptionist, I mean car, ill take it.:D

[compaq]

5k per week? Marvellous. I have to laugh when people can't do basic division too!

Oh dear smart alec replies now. So how many people could you employ and for how long for 10k? No, seriously, it amounts to 200 quid a week not to mention the employer NI etc etc. Seems it's not me that needs to learn some sums.

10k is a breather, my comment was tonge in cheek witty, you can only do so much with it.

Get a life.

[Net Zoo]

take professional advice regarding online marketing

[internetspaceships]

Oh dear smart alec replies now. So how many people could you employ and for how long for 10k? No, seriously, it amounts to 200 quid a week not to mention the employer NI etc etc. Seems it's not me that needs to learn some sums.

10k is a breather, my comment was tonge in cheek witty, you can only do so much with it.

Get a life.

Seriously mate, do as you would be done by eh?

You "had a chuckle" at my remark and I returned the favour. If you dish it, then isn't it honest to be able to take it as well?

As for the ten grand thing. You could take on someone who claims to be good from references etc, for a three month priod, or even two on three month period and see what they deliver.

No staff empoyment is a guaranteed "win" we all know that but when they do win, they tend to win big.

That was my point, you missed it and had a chuckle at me. So I returned the favour. Work for you?