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Re: Can anyone with money start a business?

Postby XileBlane » 04 Aug 2015, 18:25

If someone knows what to do then of course they can run a good business with enough money. Hell... just leave all that money in a trusted bank and you'll earn interest. Banks in my country offer upto 12% interest per year (Requires a lot of money, but OP did ask what to do if you win a lottery).
Lets say if I keep 1 million in the bank for a year. With 12% interest I should get 100,000 next year without doing anything at all. ;)
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Re: Can anyone with money start a business?

Postby helpinghand » 04 Aug 2015, 20:09

Yes, anybody can start a business but running it successfully is a challenge that needs a lot of insight and experience. In today's world there is stiff competition everywhere and you need to stand out to win. It is rightly said that to win competition you need not do different things, but do things differently. For winning your main focus area should be customers. :)
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Re: Can anyone with money start a business?

Postby Aian » 04 Aug 2015, 20:14

If they have a good knowledge and a clear, planned idea of what they can/want to do then it's definitely possible.
I like passive income (Earn without much/no work) and arbitrary stuff (Buy for less and sell for more, But i like to buy things I can sell quickly).
i don't think like this because I'm lazy or something, because I'm not. i just like to find the most efficient work while not over working. I'm a hard worker but I like to have my results satisfying according to my work
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Re: Can anyone with money start a business?

Postby blair » 05 Aug 2015, 01:01

You will be surprised to know that there are successful business people who did not even went to college. Some big business started out of an experiment made in a kitchen or student's dorm and so on. Your lack of skills, your lack of money, or whatever situation you are in does not have to hinder you from being successful in business.
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Re: Can anyone with money start a business?

Postby mimi88jade » 05 Aug 2015, 04:12

Good that you guys are business minded. I like to put up a business too maybe after my boyfriends struggle now. I would love to have that kind of earning that I can say that this is really is it. :lol:
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Re: Can anyone with money start a business?

Postby Doby » 05 Aug 2015, 12:20

Anyone can create a successful business especially if he likes the genre of the business. However, you could also pay for a Chief Executive Officer who will be managing the company for you. :D
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Re: Can anyone with money start a business?

Postby Allius » 05 Aug 2015, 14:22

I think that anyone with money can start a business, but I have my doubts that everyone has success with the business in which invested. Managing a business is not an easy task ...
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Re: Can anyone with money start a business?

Postby shahzebayub » 05 Aug 2015, 17:00

Investment is sometimes very necessary for the online business without invest your success chances will not increase
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Re: Can anyone with money start a business?

Postby freelancermariagrace » 19 Sep 2018, 14:54

Definitely. All you need is some attitude (perseverance, strong will, determination) to run a business. You can start running your online business (sell apparels, gadgets, makeups, beauty products, etc).
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Re: Can anyone with money start a business?

Postby ahmedo24 » 19 Sep 2018, 19:38

Yes, anyone with money can start business but certainly not every body that starts business are able to sustain it, it is very important to know the business want to invest in, it opportunities and challenges
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Re: Can anyone with money start a business?

Postby darrensurrey » 19 Sep 2018, 21:17

lludawg wrote:Many of my friends are going to business school. However, I am wondering if you won the lottery, would you be able to start a successful business without having any business schooling?


You don't need a business degree to start a business although it can be useful and provide inspiration plus get you understanding the finance side of things a bit better.
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Re: Can anyone with money start a business?

Postby augusta » 20 Sep 2018, 01:10

This is a tricky question because sometimes money isn't just enough. Every other things must into play to succeed or else it will all go down the drain. I think we need expertise than even the money.
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Re: Can anyone with money start a business?

Postby riddy09 » 20 Sep 2018, 05:30

augusta wrote:This is a tricky question because sometimes money isn't just enough. Every other things must into play to succeed or else it will all go down the drain. I think we need expertise than even the money.


It is not. A businessman must know or have knowledge in the financial field or businesses. You can't start without any plan or strategy for your business. There are many things to do and consider before starting a business.
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Re: Can anyone with money start a business?

Postby anorona » 20 Sep 2018, 05:33

If you won a lottery and want to start big business, then it is much better to take propper schooling, traning, seminars and advise from those who have the knowledge running a big business. This will teach you the proper ways of managing your business.
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Re: Can anyone with money start a business?

Postby junrose123 » 20 Sep 2018, 06:01

Yes of course because we really need money to start a certain business. Without money to be used for capital then we cannot have a business.
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