
Tomasod2
New Member
Hello,
Before I go into further detail, I want to give a few disclaimers:
My employment background is predominately in Manufacturing. Nonetheless, I do not have broad expertise in the industry as I find my work to be both boring and tedious. I only have Level 1/2 Diploma qualifications in subjects in English Language, Maths, Media and Management. The business doesn't have to theme these topics; the most crucial aspect for me is that the concept is a proven and legitimate model.
Until I eventually sell my freehold (which could be a while),I want to work towards a practical plan for my own online business. Again, £70k is a guesstimate budget that depends on the potential sale success. This adventure is going to be something that I will make into my main focus and objective. I appreciate that the process will require diligence and contingency. Thankfully, I have reliable people to assist me in the marketing and finance side of things. So, my main questions are:
Thank you for taking the time to read my questions.
Before I go into further detail, I want to give a few disclaimers:
- I am not looking for a quick and easy get rich scheme (i.e. raucous millionaires who appear on YouTube commercials trying to convince people that affiliate marketing will buy them a Lamborghini).
- I am a complete rookie, but, I know if something sounds too good to be true—it probably is ('The Richest Man in Babylon' was a useful read).
- I have inherited a freehold, which I plan to sell. The £70k mark derives from part of the estimate provided by a property surveyor. However, the estimation was given before the Covid-19 pandemic, and it doesn't take a magnate to know that the current markets are unstable. So, my question is hypothetical until it is a better climate to sell (business suggestions involving the importation of Bat Soup are not welcome).
My employment background is predominately in Manufacturing. Nonetheless, I do not have broad expertise in the industry as I find my work to be both boring and tedious. I only have Level 1/2 Diploma qualifications in subjects in English Language, Maths, Media and Management. The business doesn't have to theme these topics; the most crucial aspect for me is that the concept is a proven and legitimate model.
Until I eventually sell my freehold (which could be a while),I want to work towards a practical plan for my own online business. Again, £70k is a guesstimate budget that depends on the potential sale success. This adventure is going to be something that I will make into my main focus and objective. I appreciate that the process will require diligence and contingency. Thankfully, I have reliable people to assist me in the marketing and finance side of things. So, my main questions are:
- What online business suggestions do you have for a newbie such as myself?
- Do you recommend any courses or programmes with companies that can get me on the right track?
- What type of rhetoric or charlatans should I try to avoid?
- What bumps in the road should I aspect?
- Is it better to buy a pre-made start-up, or is it more beneficial to start your own?
Thank you for taking the time to read my questions.