Just Curious: What Would You Do With...

Updated on August 15, 2011
L.E. asks from Los Angeles, CA
21 answers

$100,000? Here's the catch: it HAS to be a business investment. Can't pay off your mortgage, can't buy stuff, can't send your kids to school. If someone gave you $100,000 and said the only string attached was that it had to go towards a new business venture, what would you do? Start a company? invest in the market? open up a cafe? Would you quit your job and take a leap of faith with a new business idea? Would you continue working but start an internet business on the side? Would you buy a piece of land and sell it for more, later on?

I realize this is a pretty unlikely scenario, but I'm just curious what you would do....

EDIT:
Great Ideas! I'm aware that it takes far more to get a business (a sizable one at least) up and running and through its first year, but that's part of the fun. You have to make a good investment with JUST 100k. Also, to the mckinny poster about micro-finance... check out Opportunity International and Hope International. you may already be familiar, but just in case...

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K.L.

answers from Medford on

30 years ago I would have bought a duplex and rented it out as an investment and had it for my M. and then my kids to use at some point.
15 years ago I would have started a craft store with my own hand made things and sewing. Id have given lessons and had classes and carried fabric for sale.
Now, Id buy a small house for an investment and give my daughter and grand daughter a newer nicer place to live.
So Ive come full circle to some degree. Wish wed bought property for renting out long ago. It would be paid for by now and we would have a nice profit.

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L.F.

answers from San Francisco on

I would start a home for mothers and infants with drug addictions. Help them with getting back on their feet, taking care of their babies while they found a job, and helping them become the women they want to be. I think it would be really wonderful to do this and help the mothers and babies in this way.

M

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J.H.

answers from San Antonio on

I'd start my restaurant. I have everything to start a restaurant except for the money. I have the name. I have the menu. I have the general area where the restaurant will be. The only thing I'm missing is the money to do it.

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S.H.

answers from St. Louis on

I would buy rental property...going for the long-term profit.

OR I would flip a house.

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S.F.

answers from Reno on

Oooh...this is easy. I would take $75K of it and invest it. With all the turmoil in the market, stocks are at nice lows and I love a good sale! <wink>

Then, I would give my husband $25K as seed money for his DJ business. He currently works for another DJ and, with the cash, could buy his own console, a bar of lights and maybe a tow hitch and trailer. I know he could do a lot if we had the cash. Sadly, we don't.

<sigh> It's a fun dream! Maybe someday...

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V.C.

answers from Dallas on

I would do micro loans to women in other countries to start their own businesses.

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A.G.

answers from Houston on

id buy a few town houses with barely any yards. real estate is usually a good marketable investment.

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B.B.

answers from Dallas on

I'd open a restaurant... A BBQ restaurant... We don't have very many real ones in Dallas.(weird, I know), we have alot of commercialized ones, and their not good to me.., or a diner

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T.F.

answers from Dallas on

I would put it in our personal company. We run a raw materials brokerage/consulting company with sales currently at 3 million + per year.

$100,000 is not enough to take a leap of faith, quit a regular job, etc.

Running a business takes a lot of $ and $ 100,000 does not go far. It looks great on paper but when you pay vendors, pay taxes, pay payroll,expense reports, insurance... That $$ is gone in a heartbeat here. Some of the prime products we purchase ( all by truckload) runs upwards of $60,000 and I choose to pay in 10 days vs 30 in order to take advantage of tge discount offered for 10 day payment. Keeping our credit impeccable is a priority here.

So... I'd invest in my current company and build equity.

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L.N.

answers from New York on

I would buy farm land, hire farmers to plant stuff. I want our produce to be US made, no hormones, no pesticides, no nothing.

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D.K.

answers from Sioux City on

I know I would purchase land with it. I would have someone custom farm it.

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M.J.

answers from Dover on

Like a lot of the other answers, I would do something food related. I may start out by investing in myself to go to culinary school for 6 months just to round out my skills a bit & I'm still on the fence as to whether I want to open an actual sit-down type restaurant, a bakery type place, or do more of a catering thing.

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C.O.

answers from Washington DC on

$100K as a business investment?

I would open up my own recruiting firm with resume writing assistance...

I would ensure that I had my ducks in a row in regards to my networks (check), my possible candidates (check) and a reliable recruiter (check) and a business developer that I trusted to help the company grow.

I would ensure that with that money I would be able to get a Security Manager and a my office had a clearance....that would probably be more than $100K....

If not that - then I would invest in a flip for a house - renovate it and sell it for more...

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M.C.

answers from Washington DC on

I would start up the wedding business that I've been dreaming, planning for years. I have it all mapped out. Have/had the perfect location in mind, just need the money!

Or

I would flip houses. I LOVE that kind of stuff!

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D.P.

answers from Pittsburgh on

Real estate--it's a buyer's market, for sure!

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S.W.

answers from Minneapolis on

I'd invest it. Prices are low right now.

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K..

answers from Phoenix on

Most likely to start a business. DH has wanted to own a business for as long as I can remember. He has a few ideas, one with a business plan & website already created. I would be the business person, he would be the creative person.

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M.R.

answers from Rochester on

I'd probably open up a used and rare book shop, which would, of course, have to rely heavily on internet sales (unfortunately). If it seemed like a good location and atmosphere, I might have a small coffee and tea shop on the side, but only "if." My husband, however, would open up a music store specializing in metal and hard-to-find, rare, eclectic styles (they'd sell some popular junk just to make sales) and probably have an adjascent stage and show area for local bands and the occassional tour that might perform there. (That is an old dream of his and a friend.) :)

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J.L.

answers from San Diego on

Commerical Real Estate

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N.M.

answers from Los Angeles on

I think I'd spread it around a bit. I've been wishing I had some money to put in one of those green investment things, so I could support companies working on alternative energy, eco-building, etc., and make some money myself.

Also I'd possibly look for a group to invest in a franchise with. A money counselor recently told me that specifically the Subway chain is a terrific money-maker and that it can take a relatively small amount for someone to get started if they come in with a group. Unfortunately, I can't remember the amount because I don't have any money to invest. That sort of thing depends on the number of people involved.

I do think that the land or real estate buying idea is very good. I'd maybe put $50K into that and then $25K each into the first two.

Definitely fun to think about.

F.H.

answers from Phoenix on

I already own an insurance agency so I guess I would just put the money into it. Probably hire 5 more agents and get a bigger office for all of us. Oh, and a corvette...I'll use it to advertise my business... =)

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