Dare to Dream …..
An inheritance of this value is not unheard of these days – or a win on the lottery!
Here are 7 business suggestions to consider.
- Buy and run (as sole trader) an existing business that’s either currently up for sale or find an existing business and make them an offer.
- Set up a new business from scratch (self or in partnership).
- Research private limited companies and become a shareholder in a company (but not actually work there).
- Buy a selection of FTSE stocks to the value of £500,000 and then use the dividends received for income purposes (buy privately or through a stock broker)
- Buy property on a buy-to-let basis and self-manage.
- Expand your existing business with a major injection of new equipment/premises or expand into new markets (possibly overseas) .
- Invest all the funds in a bank or building society.
Each one of these options has different risk outcomes.
Your decision will be based on whether you are risk averse, or a risk taker. Item 7 would be good for the first category, Item 2 for the more adventurous, especially if you would also want to work in conjunction with a business angel.
With the exception of item 7 on the list, all the other options demand a excellent knowledge of finance and some good spreadsheet skills if they are to be done successfully.
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http://businessfinancecoaching.co.uk/blog/?page_id=256
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Thanks for this. I’m loving this new toy!
Have you tried to do the Price/Profit challenge on the free download page
http://businessfinancecoaching.co.uk/blog/?page_id=256
Have a go and you can always Skype me for some extra hints if needed. I’d really appreciate any feedback – including suggestions for improvement.
Skype address is: ianlinnegan
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Thanks for this. I’m loving this new toy!
Have you tried to do the Price/Profit challenge on the free download page
http://businessfinancecoaching.co.uk/blog/?page_id=256
Have a go and you can always Skype me for some extra hints if needed. I’d really appreciate any feedback – including suggestions for improvement.
Skype address is: ianlinnegan
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