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Old 18th February 2015, 05:16 PM   #1
MoneyMike_111
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Default I Want To Own My Own Business And Make 100k A Year+ But...

I have no idea what to open!!!

I used to think a gym would be great but with all these low priced chain gyms around I doubt I would succeed....


I really just don't know what to attempt to open. My dream would be to run a NFL franchise but something like that is never going to happen! lol

So on a small business level, what kind of business could I get started that would gross over 100k a year???

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Old 19th February 2015, 01:23 PM   #2
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I'm sure people would be glad to offer suggestions, but we need more information to go on.

For instance:
  • What sorts of things are you interested in? Any hobbies, for instance?
  • What is your work experience?
  • What skills or experience do you have outside of work?
  • How much money do you have available to invest in the business? (There are lots of things I could suggest that are pretty much guaranteed to make over $100K a year right from the get-go, but many of them require an investment of much more than that to build a factory and/or purchase raw materials... )
  • What sort of resources do you have to sustain yourself while you're building up the business? Will you be able to jump in full time or do you need something you can work on part time while you keep body and soul together with a day job?

There's nothing at all wrong with wanting to make money! Ultimately, that's why most people go into business. But starting a business requires a lot of hard work and will take you many long hours. You're much more likely to invest the time and energy needed to make the business a success if it involves things you like to do and are good at. (I hope you weren't expecting us to come up with some magical "system" that would allow you to make six figures without any hard work. If such a "system" actually existed, we'd all already be retired and living in the tropics, and none of us would be here to post an answer for you. )

A huge percentage of startup businesses fail within their first five years. There are many reasons why, but one of them is that the owners underestimated how much work it is to get a business off the ground, got into something they didn't enjoy and ended up walking away. Making money is wonderful, but money alone isn't going to sustain you if you're faced with spending 10-12 hours a day doing something you hate. Every. Single. Day. Over and over.

As someone who has been in the position of working at something I didn't like to do, I can tell you there's not enough money in the world to make up for the dread you'll feel every day at the thought of going in to work if you're in that situation.

So, tell us some more about yourself and what interests, skills and resources you bring to the table and we'll see what we can come up with.

--Torka

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Old 19th February 2015, 05:58 PM   #3
MoneyMike_111
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Unfortunatly im 27 years old and have no skillls or talents.

I have no hobbies besides working out and going down the shore in the summer time.

My past jobs were customer service oreinted (Casino's and Retail) aswell as Transportation (Delivering stuff- I have a CDL but HATE driving)

I also have no startup...my idea was to drop school and to get 2 jobs which wouldnt pay anymore than $10-$12 an hour at each because i have no skills or education or talents.


In short...im screwed.

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Old 19th February 2015, 07:38 PM   #4
Spider
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You're asking the wrong question, Mike.

But I'm going to wait to see if you answer Torka before I spend any time to help you figure out what is the right question.

Let's see how serious you are.

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Old 19th February 2015, 07:52 PM   #5
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Mike's post was in the moderation queue before you posted spider.

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Old 19th February 2015, 09:51 PM   #6
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Okay, Mike - seems our messages crossed in the mail.

Let's see what we can do for you - or rather, what YOU can do for you.

First suggestion - change your vocabulary. Let's imagine for the moment that all you need is a solution to your problem. Actually, that IS all you need, right?

Do you think you will be more or less resourceful by telling yourself that you can't do this and you can't do that and that you're screwed?
___More resourceful ___Less resourceful

Are you more likely or less likely to find a solution if you tell yourself, I can do this, I can solve this, I can find a way out of this crap?
___More likely ___Less likely

Do you feel better or worse when you say, I'm screwed? ___Better ___Worse

Are you more likely to find an answer when you feel worse or when you feel better?
___When I feel better ___When I feel worse

Now, here's the big question -- Are you more likely to find someone who can help you when you act miserable, defeated and beaten down or when you have a positive, lively, can-do attitude?
___ When I am miserable ___When I am positive.

Let's see what you do with answering these questions.


Last edited by Spider; 19th February 2015 at 10:08 PM.
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Old 19th February 2015, 09:58 PM   #7
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I know where ur coming from. Its just hard to tell myself these things and be posotive when ive been doijg it for so long now and it just never gets better.

But i willl try to change my thoughts...again...

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Old 20th February 2015, 03:39 AM   #8
John Murphy
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Well Mike, before you start a business, I would like to tell you something. Whatever business you focus on, you wouyld definitely like to reach the top of it. I just came across this post that tells you about what to do in order to be successful. Take a look, I think it'll be of help.


Last edited by torka; 20th February 2015 at 11:44 AM. Reason: fixed broken link
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Old 20th February 2015, 08:09 AM   #9
DeniseTaylor
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To be perfectly honest, it's not that easy to make $100K for yourself, just as it's not easy to get a job earning $100K. If there were something like that, everyone would be doing it (then the market would become overly competitive), or it would cost a lot to get started.

I agree with Torka. Find something you like to do, then learn everything you can about it. You may have to find a special spin on your love in order to make it profitable or brainstorm several things you like.

And don't forget, there's always online business you can do based upon the things you know and love. But you won't make $100K in the first year or five and you'll probably need to moonlight while you get it off the ground. Just being realistic.

Good luck to you!

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Old 20th February 2015, 11:16 AM   #10
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Mike, Wrong answer!

You wouldn't believe the number of people that tell me, "Oh, I know about that. I know where you're coming from. I'll try to change my thinking...blah, blah, blah!"

Obviously, you don't know where I'm coming from or you would have answered my questions.

If you really knew this stuff, you'd know that is it not at all hard to be positive. You can be positive in a heartbeat. Your problem is that you are telling yourself to be negative. and you are doing very well at it. In fact, in the short exchange we have had so far, I can see you are a great expert in being negative. You've learned how to do this and you are fabulous at it.

I'm ready to help you become just as expert at being positive. But you have to take the first step. I have discovered in my long career, that people who refuse to take the first step never take the second step.

Now. Cut out the bullshit, Mike, and answer my questions.

One more refusal to answer them (You did just refuse to answer them, you know!) Refuse again, and I am done with you.

This might be the only opportunity you get to turn your sorry life around.

Step up, man!


Last edited by Spider; 20th February 2015 at 11:20 AM.
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