Entrepreneurship & Small Business

I have moeny but no business idea

  • Last Updated:
  • Feb 5th, 2019 9:10 am
[OP]
Newbie
Jan 26, 2019
1 posts
1 upvote

I have moeny but no business idea

I know this look strange , but I have money to start a business but have no business idea . Where can I find people who want to start business and want to partner with someone who have the money they are looking for in Toronto Area ?
I tried meetups but they are useless .
any suggestions ?
19 replies
Deal Addict
Aug 10, 2013
1368 posts
268 upvotes
Toronto
And I have tons of business ideas and no money fml
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Deal Expert
Aug 2, 2004
29836 posts
4625 upvotes
East Gwillimbury
What kind of business are you interested in? I have some investment money but I have bigger dreams
Member
User avatar
Jul 25, 2015
245 posts
82 upvotes
Burnaby, BC
If you have money why would you struggle and start something from scratch. You can just buy a established business and start making money right away. Just do your homework before you buy it.
Deal Addict
Jul 3, 2017
3564 posts
2422 upvotes
Isn't that what franchises are for? They have franchise expos a couple of times a year in most major cities where you could go wander around and see if anything fits your budget and comfort zone.
Deal Addict
Jul 3, 2017
3564 posts
2422 upvotes
tebore wrote:
Jan 29th, 2019 8:59 am
Open a McDonalds near a school problem solved.
Most people have no idea what would be involved in that, for example:

- You put up a huge investment
- You go on a waiting list
- They tell you where your McDonald's is going to be - you don't get to choose
- They tell you how to build it and how to operate it
- They take a huge percentage of the profits and none of the risk

Are you sure you still want to try that? :)

Fortunately there are a wide variety of franchises at every level.
Deal Fanatic
User avatar
Mar 23, 2008
7997 posts
4729 upvotes
Edmonton
Look into SkipTheDishes/UberEats ghost restaurants... This is an up and coming thing.

C
Deal Addict
Nov 14, 2006
1217 posts
459 upvotes
GTA
Exp315 wrote:
Jan 29th, 2019 9:33 am
Most people have no idea what would be involved in that, for example:

- You put up a huge investment
- You go on a waiting list
- They tell you where your McDonald's is going to be - you don't get to choose
- They tell you how to build it and how to operate it
- They take a huge percentage of the profits and none of the risk

Are you sure you still want to try that? :)

Fortunately there are a wide variety of franchises at every level.
This, then it all depends how busy you are to pay off your startup costs , could be 10+ years to start making a profit.
Deal Addict
Aug 10, 2013
1368 posts
268 upvotes
Toronto
tebore wrote:
Jan 29th, 2019 8:59 am
Open a McDonalds near a school problem solved.
A McDonald’s franchise is like 2 million minimum lol
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Deal Fanatic
Feb 9, 2006
9753 posts
3837 upvotes
Brampton
Exp315 wrote:
Jan 29th, 2019 9:33 am
Most people have no idea what would be involved in that, for example:

- You put up a huge investment
- You go on a waiting list
- They tell you where your McDonald's is going to be - you don't get to choose
- They tell you how to build it and how to operate it
- They take a huge percentage of the profits and none of the risk

Are you sure you still want to try that? :)

Fortunately there are a wide variety of franchises at every level.
If you can afford it and the time. It's pretty solid investment. As you usually don't just own one you own a couple In a given area. A McD oligopoly if you will

Plus dude said he had money no ideas so a McD is a solid investment as they guide you A-Z
Heavenleigh85 wrote:
Jan 29th, 2019 2:07 pm
A McDonald’s franchise is like 2 million minimum lol
Dude said he had money.
I assume when you say something like that You got 8 figure assets sitting around.
Member
Apr 23, 2010
209 posts
89 upvotes
Ontario
tebore wrote:
Jan 29th, 2019 3:23 pm
If you can afford it and the time. It's pretty solid investment. As you usually don't just own one you own a couple In a given area. A McD oligopoly if you will

Plus dude said he had money no ideas so a McD is a solid investment as they guide you A-Z


Dude said he had money.
I assume when you say something like that You got 8 figure assets sitting around.
8 figures is instant retirement money for 99.9% of the population. Highly doubtful most would consider potentially risky ventures with this much money in the bank. My bet is < 500k.
Deal Fanatic
Feb 9, 2006
9753 posts
3837 upvotes
Brampton
Pterion wrote:
Jan 29th, 2019 7:24 pm
8 figures is instant retirement money for 99.9% of the population. Highly doubtful most would consider potentially risky ventures with this much money in the bank. My bet is < 500k.
Well you got a guy sitting around complaining(trolling) he has too much money so he better have 8-9 figures in liquid assets.

People I know with 7 figures sure don't complain about having too much money

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