Topic: need a real business recommendation. (Read 236 times)

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It has not been explained here why you can go bankrupt, what type of business you have done, and how long you have been doing it.
If people around you don't trust you anymore then maybe you should really start something new and then take it seriously because building a business is about building trust and relationships.
maybe you can be a Graphic Designer and Writer online. because then you can get a new identity.With the rapid development of the internet and social media, your skills in designing creative products as a writer or graphic designer are quite needed. You can offer writing products in the form of video reviews or content writing if you have expertise in the field of writing. if you really diligently it, it won't take long for you to get your popularity.

  I can not recommend you a business but all I can say is since you have an a experienced about business but you are bankrupt ,but I think there's another way you can loan or barrow money from your friends and after you've success  in you business you can pay after that all.

Are you really going to revive your failed business then how the funds you are going to collect for it? Taking loans is the only possible option from non banking side wherenthe interest rate will high so better don't do it.

Start thinking differently and find a new business which needs minimal capital and run from your place itself, drop shipping is one of the successful business at the moment so you can give a try.

I believe that this thread belongs to the "Economics" subforum. Anyway, how are you even planning on starting your own business if you're bankrupt? You'll need a decent capital to begin with. On top of that, you haven't even mentioned any of your interests, hobbies, or fields you are expert in. If you were decent with marketing and social media, for instance, you could start your own social media advertising company, which wouldn't require a large investment either.

You need to be more specific in order to receive constructive replies.

It is a good start for someone who doesn't really have anything to start with or don't know where he should start. Making a website is already a good business and there's a demand for it.
But this will require OP to spend most of his time into studying if he wants to make it as a business.

How about this, you buy a box truck to convert or buy a used food truck. Start a food truck business those are very popular in the States and elsewhere. Construct a menu that compliments your chosen snack as you had mentioned. If you make good general food and people find you snack addictive then congrats you are on you way to completing your dream. Next buy another food truck or if you want to risk it open a restaurant. Continue to sell the snack and possible other condiments unique to your restaurant.

Really your idea for a snack is a good one but you have to get it out there. A restaurant or food truck is the best way to do it. Take Ken's Steakhouse salad dressings and marinades which started out in Massachusetts  for example:

https://www.kensfoods.com/about

Or California Pizza Kitchen that sells frozen pizzas that they also make at their restaurant albeit "fresher":
https://www.cpk.com/

These two are examples where the auxiliary demand for their food product outstripped what the general restaurant environment could keep up with in terms of said demand which is a good thing to be a "victim of their own success" so to speak. This is the only victim you want to be and expand from then on.

 Recommending a business to you all depends on your locality,I might recommend a business that is of high demand here,but might not be even needed at your area or locality.In looking up to starting a business,you must consider the type of business that is of high demand in your area,but the number of persons running the business are scarce. you should also consider the gain and loss of the business before venturing into it,maintaining your integrity which is a major attribute of a good business owner.

If you are bankrupt and alone I would not advice to create your own business. Usually the first years of a new start up require a lot of capital investment and real return only comes afterwards. Why not start as an employee somewhere? Finding a normal job should be easier than creating your own business.

As far as business is concern, think of some of the things you like the most, you love to eat the most, something you knew you're good at, just thinks and examine and evaluate your next move, and if you have enough money to start with then go on, all it take it to trust in God that He will help you recover, believe in yourself and gather what you have and from then on I believe you will recover, never mind those people who leaves you just get up and try once again to build your life.

making a snack is not a cheap starter business. especially if your aim is mass production

first you end up needing a facility that is health and safety checked. mist end up using what is called a co-packer. which is an already set up busines and you just rent out slots of time for them to prep/cook/package. but setting up the legal docs and licences and pay the fee's is not as simple as just making a sandwich

yo are best doing drop shipping. and yes drop shippers are like food wholesalers. so you can find a food based drop shipper and sell their produce.
this is easy cheap and near hassle free you only have to order whatever the customer orders.and the drop shipper does the rest.

do that first. and then when popular and making money. pivot into your own brand of snack

a simple example is selling 'candy by post' or something like that. custers just order it you pass that onto the dropshipper and you take a cut.
rinse and repeat.
the only upfront cost is probably a website or advertising.

if you just want to jump straight into your own brand snack. you first need to try making some yourself and perfect the recipe. which can involve buying enough ingredients to make 100 batches with varying amounts of ingrediants until you find the best cost:quality ratio. you know something that tastes good but still cheap to be desirable.
then seek out local stores to sell it or make website to sel direct.
you cant just shake hands with a co packer and they mass produce it and hand it to a supermarket all on the credit/trust of a handshake.
it takes alot of effort to get snacks into national retailers shelves.

so again drop shipper or local farmers market are the first cheap stepping stones

No matter the business recommendation we give to you, the real question will be if you possess the passion to pursue and see it through because starting a business is easy, but to keep it going requires constant dedication, consistency, commitment and motivation.

For the purpose, it is best you vet your passion and build a business around it.

No need. Just make a meme coin in 2 hours like the doge coin creator, and then hope a billionaire latches onto the idea, posts about it on twitter, and then wait until a bunch of naive crypto investors (usually within the age range of 20-30) pour all their money into it while shouting "to the moon!"

For reference: https://www.independent.co.uk/life-style/gadgets-and-tech/dogecoin-environment-elon-musk-bitcoin-mining-climate-b1847669.html

Start an altcoin to propagandize the world about something you believe in. You can do it with your home computer. If it's good enough, and if you are smart about it, it might take off and make you into a $millionaire.

It's good to consider a lot of things before starting a business, more especially the type of business you wish to invest in. It's good to invest in things that has to do with basic necessities. our business ideal should be Channel to services or products that someone can hardly live without. Human primary needs should be considered. Such business  will generally be patronized anywhere it's been located.

Actually its the opposite, while its near zero risk as you could do it in zero capital or let say lesser costs of running the business since the only thing you will do is to find customers and promote the product which you can do by yourself. While it has disadvantages but as for the kind of OP I guess its worth to try, the only thing it will need costs is how to get customers since its competitive online but you can do some free promotions as posts in any socmed websites.

As it has lower risks, the sales or profit you can get on drop shipping is minimal, let's say low risk = low profit, not unless you have lots of customers.

You need capital to start any business so first, you need to make some money, how much you can raise to start a business?

If you don't have any then I suggest you to start working for someone and make some capital to start your business, taking a loan can be an option if you have sources but since you already failed I suggest you to work first.

This is unfortunate, bankruptcy makes a person feel frustrated and unhappy and unable to make the right decisions because all their goal is to get money out of this depressing situation, but you should not lose hope. There are always renewed opportunities and a crypto world full of good opportunities.
This forum is a good place to start making money in a good way, but you must read well, learn a lot of knowledge and gain some experience to be able to develop your account in the forum and then be able to participate in signature campaigns. Then you can get a little bit of capital to start trading, this takes some time so you have to be patient.

If you're bankrupt, I strongly recommend you look for any job you can find as a starting point. Find a friend, family member, neighbor, anyone, who can help you find work. That's where you start to be able to make your own way again.

Having a poor horse to ride is better than having no horse at all. Otherwise you will soon find yourself struggling in thick debt and having a hopeless situation. If you're not happy there, you can leave as quick as you can and try to put your life back together again.

This is more of a "plan to get back up"

1. Find a job to get your own feet back in the game, not a business, building a business requires a capital, and you don't have a capital. And I assume that banks won't let you loan cause you are bankrupt already.

2. polish your skills (your very honed skills, assuming that you are old enought to have a job before)

3. Given that you are old enough, try to learn digital equipments/devices/gadgets to be competitive in this generation.

4. DIGITAL BUSINESS is booming right now, due to the pandemic.