- 2,590
- 36
- Joined
- Nov 20, 2009
250k to start any business. What would you do?
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: this_feature_currently_requires_accessing_site_using_safari
Originally Posted by Mr718
250k to start any business. What would you do?
Originally Posted by Mr718
250k to start any business. What would you do?
Actually, I have $500k to invest, however I want to keep some more cushion money. The money won't be available for about 2 months tho, but I'm just brainstorming now. You make a valid point, any business needs credit.Originally Posted by Toy Collector123
Do you really have 250k to start a business?
Anyways, that's a fools mistake to start with such a large amount. Get business loans and leverage your experiences.
Purchase a few bonds in your company name, wait for those bonds to mature, open a credit card in your business (Amex, Visa) and pay those off with the 250k then you should have business credit to leverage when registering your duns#, bbb etc.
You will only need 50k for an eatery unless you purchase the real-estate etc.
Actually, I have $500k to invest, however I want to keep some more cushion money. The money won't be available for about 2 months tho, but I'm just brainstorming now. You make a valid point, any business needs credit.Originally Posted by Toy Collector123
Do you really have 250k to start a business?
Anyways, that's a fools mistake to start with such a large amount. Get business loans and leverage your experiences.
Purchase a few bonds in your company name, wait for those bonds to mature, open a credit card in your business (Amex, Visa) and pay those off with the 250k then you should have business credit to leverage when registering your duns#, bbb etc.
You will only need 50k for an eatery unless you purchase the real-estate etc.