Chosen by Asker

I would start a home based business. Look 40k isn't really that much so you do not want to use up all that startup capital on overhead, retail space, inventory etc... Nothing wrong with a conventional business if you are adequately capitalized. Listen, you will make some mistakes along the way so you will need some room to mess up. Why a turnkey home/internet type of business? -low overhead -low startup -large income potential -turnkey product delivery -usually no employee needed at the start -quick startup -room to make mistakes Start a turnkey home based / internet business make money and then later move into conventional types of business models with more knowledge and capital, if you want. I know many who make multiple 6 and 7 figures from a home based business or internet business. So, your next step would be finding these businesses and doing your research. To get you started and give you a reference point, below are links to a couple of resources. Use them as a reference points in your search. Good luck..

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by BizManRob

1 year ago

Asker's Rating: 

Own business defiantly but do your research first don't rush things

by JAY- 1 year ago

Own Buisness. ..Yeah. That's what I'd Do (:

by WackySmacky- 1 year ago

own business, importing and exporting that kind of thing

by Laughing Out Loud- 1 year ago

own green grocer bussines there is always a market out there for fruit and veg

by LAUREN K- 1 year ago

You own business, started in your garage or study room. And before going wild because I have this 40K, I'd invest it first, keep my job for a while and try to get a clear idea of what I want to do, get a business plan (maybe take one of those short courses about business budgeting and all that's involved) and proceed cautiously. It might be easier to start with this part-time, because a bank will be ready to lend you "start-up" money if you have a steady income. They will not lend you money just because you have that 40K - which you can withdraw anytime anywyay.

by robert43041- 1 year ago

I would set up my own business, you don't need anywhere near 40K to do that though. 5k would give you a good start.

by bambam- 1 year ago