Any $100k recession-proof business startup ideas?
October 14, 2009 10:50 PM Subscribe
My buddy just landed $100k and we both want to start a business...Any recession-proof business startup suggestions?
posted by schindyguy to work & money (25 answers total) 5 users marked this as a favorite
He's got a little time to work, but I have a lot more time.
I work as a tech consultant for startups so you would think I would have a great idea for us to invest in. But I dont...I am good at starting businesses from an administrative standpoint (state filings, accounting, technical setup, websites, emails etc), but don't have actionable ideas with a lump sum of money.
I have considered buying established business (searching places like bizbuysell) as well as online businesses through flippa.com, but have a problem with the real valuation of a company. Plus from what I have seen on flippa, if a site is netting 10k/month, they want at least 120k/year...and its hard to judge the validity of their numbers and growth potential.
And we dont care about the stigma of the industry (ie adult).