Page 1 of 2 12 LastLast
Results 1 to 10 of 13

Thread: R100 000 Business idea

  1. #1
    New Member
    Join Date
    Jun 2013
    Location
    East London
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts

    R100 000 Business idea

    Im a 22 year old student who wants to open a chair and tent rental business, my startup will be R100 000 to buy everything. Can i ganerate good revenue in this business or is there another business that has good income worth R100 000 Please help

  2. #2
    Diamond Member Vanash Naick's Avatar
    Join Date
    Sep 2011
    Location
    lenasia
    Posts
    3,281
    Thanks
    849
    Thanked 693 Times in 607 Posts
    Blog Entries
    2
    Hi Cyazee,

    Welcome to TFSA

    In my opinion your business idea is sound as there is always a need for such facilities on small and large scales. I think you need to spend time identifying your target markets first and how best to reach them in terms of advertising. I also think that you need to establish if you want to offer your service nationally or to a very specific geographic area.
    Demand : Yes i.e. parties, functions, funerals, weddings and the list goes on.
    If you already have your capital, don’t be hasty to start spending merely to get things rolling, do some research first.
    “The philosophers have only interpreted the world, in various ways. The point, however, is to change it.” Karl Marx
    vanash.naick@gmail.com
    TFSA Disclaimer
    Local Music with a grassroots touch


  3. #3
    New Member
    Join Date
    Jun 2013
    Location
    East London
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Thank you ' I appreciate your help as i want to move back home and start the business there.

  4. #4
    Moderator IanF's Avatar
    Join Date
    Dec 2007
    Location
    Jhb
    Posts
    2,615
    Thanks
    191
    Thanked 520 Times in 398 Posts
    If you have never done this before try and get "job" in a similar company for a few months. Even at a low salary then try and learn the trade there eg insurance customer theft deposits breakages tent erection etc. A business always looks easy from the outside so insider knowledge helps.
    Only stress when you can change the outcome!

  5. Thank given for this post:

    Blurock (04-Jun-13), Dave A (03-Jun-13), Vanash Naick (03-Jun-13)

  6. #5
    New Member
    Join Date
    Jun 2013
    Location
    East London
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Ian Franks thank you that i will do since i want to open the business next year.

  7. #6
    Platinum Member
    Join Date
    Apr 2010
    Location
    KZN
    Posts
    1,587
    Thanks
    76
    Thanked 138 Times in 118 Posts
    Make sure you have the right contacts in the right circles, there are many "functions".

  8. #7
    Diamond Member Vanash Naick's Avatar
    Join Date
    Sep 2011
    Location
    lenasia
    Posts
    3,281
    Thanks
    849
    Thanked 693 Times in 607 Posts
    Blog Entries
    2
    Quote Originally Posted by Cyazee View Post
    Ian Franks thank you that i will do since i want to open the business next year.
    You know Cyazee, I haven't met you in person, but the splendid attitude you’ve demonstrated thus far informs me that you are going to be a very successful businessman! You willing to listen and learn! I’m by no means suggesting that many of us won’t learn from you, I’m confident I’ll learn many things from you on our journey here, but you’ve heard what Ian Franks had to say and you willing to put into practice the advice which he has given you so you will save time and money and get the knowledge you need.Ian Franks idea is actually brilliant! The rationale you don’t really want to or need to work for that individual as the ‘laborer,’ but you do need the knowledge and the skills, you also do have the capital which you don’t mention to the prospective employer, you simply market yourself as someone looking for the job. In doing so, you learn all the tricks of that trade and get to leave when you feel your internship is done
    “I love it when a plan comes together!”
    “The philosophers have only interpreted the world, in various ways. The point, however, is to change it.” Karl Marx
    vanash.naick@gmail.com
    TFSA Disclaimer
    Local Music with a grassroots touch


  9. #8
    Diamond Member Justloadit's Avatar
    Join Date
    Nov 2010
    Location
    Johannesburg
    Posts
    2,671
    Thanks
    88
    Thanked 544 Times in 460 Posts
    Blog Entries
    1
    Quote Originally Posted by Vanash Naick View Post
    The rationale you don’t really want to or need to work for that individual as the ‘laborer,’ but you do need the knowledge and the skills, you also do have the capital which you don’t mention to the prospective employer, you simply market yourself as someone looking for the job. In doing so, you learn all the tricks of that trade and get to leave when you feel your internship is done
    This is known as apprenticeship, our Education department abolished this because it supposedly was demeaning to the learners. How else is one to learn a trade, by reading a book?

    Apprenticeship to me is one of the best vehicles to learn, you learn by observing a master at his craft, and if you are one of the few, the master helps you learn your craft.
    Victor - Knowledge is a blessing or a curse, your current circumstances make you decide!
    Solar and LED lighting solutions - www.microsolve.co.za

  10. #9
    Diamond Member HR Solutions's Avatar
    Join Date
    Mar 2013
    Location
    Capetown/Jhb
    Posts
    3,327
    Thanks
    113
    Thanked 214 Times in 202 Posts
    Cyazee go for it. Admiration to any young person that is willing to go out there and Do It ! There are too many people out there that want money but are not prepared to work for it. But if I can give you any advise, do your homework properly, do a feasibility study, do some marketing and get those clients and make sure that you supply a good service. A happy customer will always come back, even if it takes a while. They will remember you, some will lose your no and other will keep your name on the fridge and tell their friends about you. They are your word of mouth customers which would be invaluable in your business.
    HR Solutions - Recruitment Specialists - Johannesburg & Capetown Tel: 0861-045-263
    Upload your CV @ www.2hrs.co.za

    Biometric Fingerprint Criminal Checks (AFIS)

  11. #10
    New Member
    Join Date
    Jun 2013
    Location
    East London
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts
    I understand a business man passion can get me so far, knowledge can get me further and if all are combined with skills the sky is the limit for me. I aspire to be a good business man first, all your input is pointing me to the right direction.

Page 1 of 2 12 LastLast

Similar Threads

  1. [Question] Would You Pay R100 For This?
    By Norri in forum Marketing Forum
    Replies: 14
    Last Post: 13-Sep-12, 02:37 PM
  2. [Question] The business Idea
    By vieome in forum General Business Forum
    Replies: 2
    Last Post: 04-Apr-12, 10:37 AM
  3. Free usable business idea!
    By Vanash Naick in forum General Business Forum
    Replies: 8
    Last Post: 11-Feb-12, 05:58 PM
  4. [Question] I have a brilliant business idea, what now?
    By Marcoh in forum Business Online Forum
    Replies: 18
    Last Post: 25-Jan-12, 11:06 AM
  5. Looking for a hot business idea? Need Help? Let your passions guide you
    By BBBEE_CompSpec in forum General Chat Forum
    Replies: 0
    Last Post: 16-Dec-09, 04:00 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •