I've Been Downsized - want to invest in a business

C

Calicoro

Guest
Hi folks.

I was made redundant a few months ago. Still no joy in finding a job. I want a major change in my life. I can afford to live (frugally) until maybe late Summer 2009. Also I'm studying but don't expect to make much money in my new profession. Have always wanted to be involved in a shop or small business. I've a small amount of capital and would love to find one of these small businesses who are crying out for cash but who can't extract cash from the banks. I would want to invest some cash and maybe work there 3 days a week. This might not be the most sensible thing to do but it seems ideal to me. My course is demanding so I need the 2 days to study.

My query is, where do I find a little business or shop that I might be interested in and who might be interested in my input (cash and 3 days work weekly). Any guidance or ideas would be welcomed.

Thanks, regards
 
Re: Help! I've Been Downsized

There was a lady in today's I.Independent, who has a teashop in Powerscourt, and has been turned down by her bank for E5000. She needs it to buy Christmas stock.
 
Re: Help! I've Been Downsized

Thank you so much Bluebell!!
 
Re: Help! I've Been Downsized

I think I saw that on the tv too, might be worth a shot
 
Re: Help! I've Been Downsized

Bear in mind that any business that might be in danger of collapse over a relatively small sum like €5K is arguably not viable anyway so be wary of putting your own money and time into such a venture.
 
Re: Help! I've Been Downsized

ClubMan said:
Bear in mind that any business that might be in danger of collapse over a relatively small sum like €5K is arguably not viable anyway so be wary of putting your own money and time into such a venture.
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I agree and if you are the sort of person that can’t figure that out on your own then maybe you shouldn’t be investing in a business...
 
Re: Help! I've Been Downsized

Purple said:
I agree and if you are the sort of person that can’t figure that out on your own then maybe you shouldn’t be investing in a business...
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Purple - I don't see why you think I'm the sort of person that can't figure it out on my own. You're jumping to conclusions.
 
Re: Help! I've Been Downsized

Why put your capital at risk while you learn a new business? Keep your capital, look for a part-time that meets your needs, and you can invest later, when you know a bit more about the business in question.
 
Re: Help! I've Been Downsized

Complainer said:
Why put your capital at risk while you learn a new business? Keep your capital, look for a part-time that meets your needs, and you can invest later, when you know a bit more about the business in question.
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Hi Complainer. That's a very good point. I spotted a little retail business a few weeks ago that I'd love to be involved in. I've done nothing about it yet. There is nobody else in Dublin in this business so nowhere else to learn it. But it's something I'm very interested in. Very out of fashion for years but there seems to be a growing interest. How the credit crunch will affect this business (2 years old) I can't imagine. It's the sort of thing a smallish number of people would be very interested in. I'd imagine the average spend would be €5 to €100.

I have a profession which, if necessary, I could continue 2/3 days a week (if I really had to!) and if I can get a job. This new proposition would be a completely and utterly new departure for me. I've never been involved in retail. I've lots of ideas on how the business could be run but I'm aware that I have no experience and my ideas could be rubbish. I suppose I could approach them and ask them for a job in their shop....... The other advantage of this of course is that I would get to see what the current owners are like.

As I said, this is a new departure for me and I'd really welcome any input from anyone.

Thanks
 
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