what business could i start with £3000/£5000 pound

24

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  • naijapower
    naijapower Posts: 1,393 Forumite
    Yeah ...drug dealing is an option especially in my area as the Police are turning a blind to drug dealers that have been reported (even with video evidence). At least you can be assured you will get away scott free...no joke
  • dave0000
    dave0000 Posts: 63 Forumite
    drug dealing is ILLEGAL
  • RisingJoe
    RisingJoe Posts: 92 Forumite
    well when faced with this criterai and the current market situation you need ot ensurethat you have a target audience.

    Take Oven cleaning for example... when times are hard who would pay for someone else to clean it? its a tertiary service so its one of the first to go with tightenning the belt.

    you need to look at a service / product that is less likely to be chopped out when saving money. for example maintainence work for a care home or Leasing agent. becasue they will recieve a regular income they will have a regular pot for works.

    try not to put yourself into a small market sector or you may struggle to keep at it.

    Like most careers, if you are good at it and can maintain good standards you will be remembered and reccommended.
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  • Idiophreak
    Idiophreak Posts: 12,024 Forumite
    Combo Breaker First Post
    dave0000 wrote: »
    drug dealing is ILLEGAL

    eh? since when?
  • ILW
    ILW Posts: 18,333 Forumite
    dave0000 wrote: »
    drug dealing is ILLEGAL
    Didn't appear to be when I lived in Lewisham.
  • DropBeat
    DropBeat Posts: 5 Forumite
    It is a bit of an open ended question, but assuming you are being geniune and not having any clue at all about what your skill sets are, here are some suggestions:

    1) Web development and/or hosting for SME (see recent issue of PCPro for info on how to set up and run this business - probably on their website, or newsagent)

    2) Creative enterprise that can sell things at a market / fair. Ideas include: local cupcakes, jams, pickles, decorated cardboard shields and swords for kids, etc...

    3) Man-and-a-van: pick up, drop off, odd jobs, etc.

    4) Luxury car valeting (drive to their house, clean car inside and out)

    5) Programming the next big hit on the iTunes App Store

    6) UK distributor for something that you are passionate about. My mate did this after college for a few years importing upgrade parts for Japanese sports cars. Small community that he served and built a good reputation among.

    7) Gardening

    8) Childrens entertainer (avoid being a clown, though, as a lot of kids are scared), or party equipment supplier (bouncy castles, etc.) Watch out though, as the insurance may well be massive (no idea).

    That is all I can think of, but if you can suggest some of your skills then it would certainly make things easier (and make suggestions more relevant).

    Good luck!
  • chickmug
    chickmug Posts: 3,279 Forumite
    dave0000 wrote: »
    hi im starting to save up so i can start a business and was wondering what small business i could start with around 3000 to 5000 pound that will pay 10,000+ a year minimun


    http://www.daltonsbusiness.com/

    http://uk.businessesforsale.com/

    I am not sure if the businesses or franchises on these web sites go down to your figure but it may be worth a look. They are the two biggest web sites for selling UK businesses. The business equivalent of Rightmove for houses.

    There may be some useful info on them?
    A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.
  • lincroft1710
    lincroft1710 Posts: 17,623 Forumite
    Photogenic Name Dropper First Anniversary First Post
    The most important factor of any business is the person running it. So it's what you yourself are capable of, what training/skills you have. You should be thinking alomg the lines of "what would I like/be able to do". Search Amazon/eBay/ bookshops/library for books on setting up and running small businesses. On downside many new businesses fail within first 2 yrs and often don't pay salary for 1st yr.
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
  • mikee_j
    mikee_j Posts: 35 Forumite
    Freelance photographer?
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    What I'd love to do - but I'm not sure how recession proof it is... is to have a van and go round selling wild bird seed etc. I think it'd be really fun and people who feed the birds are nice. ;)

    There's a man who sells very expensive biscuits in a van and he's still doing the rounds.
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