Business ideas

[Maximusn]

Hi i am maximus am new here, I need some help with figuring out what business will be best to do with a bank loan money amount £5k to £10k max any ideas will be appriciated in advance and thank you.

 

[JEREMY HAWKE]

Pay the bank loan off

You dont start a business because you are credit worthy
You start because you have a viable idea .
I would say that this is an early warning sign that you maybe too reckless in business as you have such as relaxed attitude to easy money

 

[Maximusn]

Hey, thank you for your advice. I appreciate your advice. I had a business partner lined up to do food business but he pulled out last mine so i don't have enough fund to start it on my own.I am hard worker, consistent and honest I just need an idea.

 

[Bluejen84]

Most people build businesses from the following:

Skills
Experience
Interest
Ambition

It's not a lucky dip out the hat (someone else's hat).

No one can pick a business idea for you...though I suspect there is short term success in hand sanitiser

 

[Mr D]

Hey, thank you for your advice. I appreciate your advice. I had a business partner lined up to do food business but he pulled out last mine so i don't have enough fund to start it on my own.I am hard worker, consistent and honest I just need an idea.

Often we post ideas. People rarely appear to want to do them.

Bucket, sponge, water. Washing windows, washing cars.
Lawnmower and a couple of tools - gardening.

Put together £100. Buy some stock and sell it in the internet.

There is no need for a bank loan. Finance has to be paid whether you make any money or not.
Take on debt at the wrong time and it can cripple your business growth for years.

 

[Maximusn]

Thanks thats realy helpful

 

[The Byre]

Hey, thank you for your advice. I appreciate your advice. I had a business partner lined up to do food business but he pulled out last mine so i don't have enough fund to start it on my own.I am hard worker, consistent and honest I just need an idea.

1. Partnerships nearly always become a battle and fail miserably.

2. Businesses start with a need that you can fulfil better than the next guy.

3. You don't need gobs of money to start a business. You need to identify that need. Usually, it is a need that you have come across. "I wish I knew where in the sewage pipe that blockage was!" said one guy to himself - and then he realised that pressure sensors on the pipe could be a business.

 

[Steve B69]

Hi. There are loads & loads of businesses for sale in the UK, have a look through listings & see what appeals to you. But personally I believe you should work in a field you find interesting.

 

[Maximusn]

Hi. There are loads & loads of businesses for sale in the UK, have a look through listings & see what appeals to you. But personally I believe you should work in a field you find interesting.

Thank you so much I will have a look at listings

 

[The Byre]

Don't! Create your own. Small businesses are too high risk. The smaller the business, the higher the risk.

Also, small businesses are nearly always just jobs made to look like businesses. If you want a job, get a job - or create your own. But I would not buy someone else's job!

 

[mattk]

Write a piece of software which detects car with no number plates, broken headlights, driver on the phone or foglights on when it's not foggy.

Sell to local constabularies and charge for support and processing of tickets. Retire to private island.

 

[Mr D]

Write a piece of software which detects car with no number plates, broken headlights, driver on the phone or foglights on when it's not foggy.

Sell to local constabularies and charge for support and processing of tickets. Retire to private island.

Heh - car with no number plates easy to spot. Plod then doing nothing about them.

 

[mattk]

Heh - car with no number plates easy to spot. Plod then doing nothing about them.

But this system would automatically issue a fine. Ker-ching.

 

[Mr D]

But this system would automatically issue a fine. Ker-ching.

To the car identified as 'no licence plate'.
How are automatic camera fines currently done on such vehicles?

 

[mattk]

To the car identified as 'no licence plate'.
How are automatic camera fines currently done on such vehicles?

The chavs only remove the front plates to look Fast and Furious, therefore you have a camera facing the opposite direction to capture the rear number plate

 

[ExoPaul]

Buy a catering van
Cook up meals that only have to be reheated.
Offer to deliver meals to elderly people self-isolating for a small fee.
Deliver the meals.

Meals on Wheels may sound a niche market but right now with Coronavirus, it could be a massive business venture for a cheap budget and by the time this blows over in a years time, you could have earned enough to pay off the bank loan, sell the van and walk away from it with a nice £10,000 of capital to start a new business without the need of a loan.

 

[Alexander Denholm]

As long as it's profitable and you can scale, it doesn't matter what the business is. Carpet cleaning, skip hire, they're all after the same thing.

 

[David Nosiri]

I recommend you take a training on digital marketing. When you get the knowledge, then you can scale your business into different modules within the digital space. Digital marketing saves you lots of time to do other things that matter to you and it gives you location freedom

 

[John Charles]

You can find a lot of business ideas online. However, I doubt that any of those is gonna help you. In general, I see that entrepreneurs get their business ideas from their own problems.