£20 to start a business

Mercutio

Mercutio

Mercutio

Soldato
Joined
11 Jun 2003
Posts
5,229
Location
Sheffield, UK
Assuming you had £20, no other investment money but the tools needed to start your idea what would you do to make it grow?

Was just an interesting idea I saw suggested. Any profits from the initial £20 can be put back into the business of course but no other external funding is available. Only spend what's in the company balance.

I do a bit of woodwork (pub benches etc) and could probably scrounge enough wood from a scrap merchants to build a fairly basic bench. Not sure if it would be worth much more.

Lets have some other suggestions. There's the obvious like "stick it all on red" etc but i'm sure there's a few can come up with better ideas.
 
Yup, buying and selling is a good starter at very least. I think it depends on your market and time. If it was that easy everyone would be rich ;)
 
well seeing as i'm a taxi driver i'd stick £20 in the tank and go to work :) turn that £20 into £100-150 then crack on from there
 
It's possible .... me and my brother started with next to zero money .... just our woodwork tools, took on every job we could ... put loads of hours in, got a reputation for reliability and quality work.

In the first week of being self employed I fitted a toilet seat for the local MP .... not the best job in the world but it paid .... lots of little jobs add up ....excuse the pun :P

I still talk to joiners who say they won't work for less than £X a day .... that's great when times are good but if you don't work a day you never get that day back .... just keep going, it'll come.
 
I have a mate that is very rich and he arrived from Jamaica with just 3 pounds to his name

It was bloody good stuff though :p
 
I would go onto eBay, try to get some cheap computers, then sell them for profit, keep on doing that. Then buy OcUK!
 
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