If you have plans to start a dream business that requires a capital of $20,000 and you were able to make a savings of $15,000 which obviously isn't enough to start up the business, what would be your decision or advice?
1. Invest the $15,000 into a smaller business hoping that the returns will yield the remaining $15,000 in a short period. Note that this has the potential of failing and wasting the already-saved $15,000.
2. Keep the $15,000 while doing other work that will yield the remaining money over a long period.
Would love to see your input or a better suggestion apart from the ones I pointed out above.
N/B
This is the typical situation a friend finds himself and we are just brainstorming in what best to do.
1. Invest the $15,000 into a smaller business hoping that the returns will yield the remaining $15,000 in a short period. Note that this has the potential of failing and wasting the already-saved $15,000.
2. Keep the $15,000 while doing other work that will yield the remaining money over a long period.
Would love to see your input or a better suggestion apart from the ones I pointed out above.
N/B
This is the typical situation a friend finds himself and we are just brainstorming in what best to do.
That $15,000 is just a small business for you, here in the country I'm in, with that $15,000 I can buy a house and land, and a second hand car and a small business. In short, that kind of amount here is not a small business. I can also set aside an allocation in that amount to buy Bitcoin and other altcoins as well, actually.
If we want to grow our money, even if it's a small amount, as long as you know how to strategize to grow it, you can definitely grow it, unlike others who have a large amount of capital, but the large amount is not properly rotated, so it's just wasted. capital size, in short growing money in the business is not based on the size of the capital you have in the business you want to do.
