Quote from: kingvirtus09 on November 22, 2023, 01:44:42 PM

Quote from: armanda90 on November 22, 2023, 12:09:29 PM

Quote from: Hewlet on October 01, 2023, 05:05:13 AM

If you have plans to start a dream business that requires a capital of $20,000 and you were able to make a savings of $15,000 which obviously isn't enough to start up the business, what would be your decision or advice?

1. Invest the $15,000 into a smaller business hoping that the returns will yield the remaining $15,000 in a short period. Note that this has the potential of failing and wasting the already-saved $15,000.

2. Keep the $15,000 while doing other work that will yield the remaining money over a long period.

Would love to see your input or a better suggestion apart from the ones I pointed out above.

N/B
This is the typical situation a friend finds himself and we are just brainstorming in what best to do.

In my country, have $15k is huge amount and you can start many business worth much profitable in the yearly such as investment in palm oil or any agricultural kinds. But depend on your skill are understanding with build up real business or likely you want to invest in bitcoin, regarding bitcoin price up every day its worth with that amount and possibility earn much profitable in the future more than $15,000.
Regarding with my fund hold on some altcoin, I prefer for investing your money in bitcoin and make good plan as long or short term trading, you can earn around 4% to 10% in daily regarding investing on the top coins such as Bitcoin or Ethereum, I believe have much profitable in the future than holding in the bank with small profitable earning and keep lower values due inflation.

That's a really big amount. Well, in fact, I can buy a rental house for that amount, or a row house, and then I can build a small business and also buy a brand new motorcycle for 15,000 dollars.

But if all of that is allocated to a traditional business, it would be nice to have an eat all you can that is very affordable to the people, but it comes with a class that even students can afford, right? The buffet business is still a trend today; it is becoming a trending business in this era here in our place.

Buffet business success would really be still varying considering that there would really be factors on which you would really be needing to have for you to succeed into this kind of venture.
Like location, the food taste, ambiance, sanitary aspect etc... Success couldn't really be assured when running up a business but well it is really just that normal to risks out and as long
it is something that would really be getting in line with your own interest then it should really be just that fine. There are really just those people who cant really be able to take more risks
just because they are afraid of failure.

If we do speak on whats the answer on OP about on a situation on lacking up the amount then it would really be depending on risk taking whether he should be making some investment or business
but since he do have plans on having one but lacking capital or amount then its not ideal to run a business on which it isnt really that in line with your plan or passion. You would just simply fail.
The thing here is that if he do able to save up that big for a period of time then saving up more would be his best choice but if he's eager to start one already then
taking up some loan or borrowing would be his last option or resort.