There are many options for a business owner with a hundred thousand dollars, but not all of them are feasible. While real estate can be very lucrative, the initial investment required is usually not too high. In the United States, real estate is one of the top five industries for business. Some other good ideas for businesses with a hundred thousand dollar budget are auto repair and motorcycle repair. These types of businesses require constant maintenance and repair.
If you have a flair for baking, a business in this field may be a great idea. You may have the necessary equipment and experience to bake delicious treats, and you can sell them locally or online, and you don’t even have to leave your house. You can also offer your baked goods to people who don’t live nearby, through delivery services. Besides, a home-based bakery can be very profitable, and you can get plenty of experience by organizing events for friends, relatives, and acquaintances.
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Another small business with a small startup cost can be a hotdog stand. This is a very cozy business that can be started with a hundred dollars. However, before you open your business, it’s important to understand the market, determine the potential for competition, and consider the cost of hiring a staff. People are generally lazy and don’t want to pay for food that is not delicious, but can be inexpensive and fun.
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