- YEC Member Spotlight: Steph Beer, Chief Communications Officer, nsight2day Young Entrepreneur Council
What is the most profitable coin business I can buy?
I am in the army I am about to ETS I was wondering what would be the most profitable business I could buy I have 50k save up so far I am planing to use that money as a down payment.6 months ago - 3 answers
Wrong thinking, my friend. ANY business can be profitable, or a complete failure. It has nothing to do with the industry, but rather your abilities, connections, and determination.
What do YOU have knowledge of?
What do YOU have experience doing?
If you just approach a bank for a loan and buy some random business being sold, more than likely, you'll fail. You need to figure out what it is that YOU want to do and actually CAN do, then get experience in the industry before buying the business.
I think the penny now a daysby kelly k - 6 months ago
You are the only one that can figure that out as everyone’s situation is unique. Find an unmet need also something you like to do. Complete a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis www.businessballs.com/swotanalysisf... and write a business plan to prove that the business idea is workable. Go to sba.gov/smallbusinessplanner/plan/w... www.bplans.com/ or www.score.org/template_gallery.html... for instructions on how to write a business plan and sample business plans.by Henry - 6 months ago