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what kind of small business would be good to invest in if you won a jackpot (IYO)

Topic closed. 53 replies. Last post 3 years ago by billionaire2bee.

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RL-RANDOMLOGIC's avatar - usafce

United States
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March 13, 2008
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Posted: September 18, 2013, 9:21 pm - IP Logged

The best business to invest in would be your own, don't have one, create one.

RLPost Reply

Working on my Ph.D.  "University of hard Knocks"

I will consider the opinion that my winnings are a product of chance if you are willing to consider

they are not.  Many great discoveries come while searching for something else

USAF https://en.wikipedia.org/wiki/Prime_Base_Engineer_Emergency_Force

  US Flag Trump / 2016 & 2020  

    rdgrnr's avatar - walt
    Way back up in them dadgum hills, son!
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    April 28, 2009
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    Posted: September 18, 2013, 9:44 pm - IP Logged

    What financial people?  Are you talking about mutual funds where some fund trader has the right to trade you in and out of stocks and bonds for losses?  I'm confused why anyone would want to do that.  In anything never let anyone have control of your checkbook or accounts for any reason. period.  Open individual accounts and purchase the direct stocks and bonds you want and they just sit there.  I would go with large commercial firms like citi, wells fargo, jp morgan, or goldman sachs for all accounts.  Why?  Because if anyone inside the firm were to defraud a lottery winner or someone online did compromise the accounts in anyway id feel comfortable that they would make it up quick.  Can you imagine the havoc to the bottom line you could bring in a public lawsuit to a bank like this after you have won the lottery billionaire2bee if they jipped you?

    Most people have never run a business and it is hard even if you know what your doing.  Also money management is key.  If you go for it just make sure you do what you know.  If you know toothpicks make toothpicks.  If your a farmer stay farming.  If your a bartender then try a bar.  If your a dough maker then maybe start a bakery.  I would say 90%+ lose their shirt going into a business they nothing about.  Can you see a hair dresser winning a lottery and then deciding to open up a big used car dealership? LOL  Good luck. 

    You think a BIG lottery winner couldnt find plenty to do?  How about travel to all the worlds beaches judging bikini contests and living it up in Las Vegas?Naughty  You could live in Las Vegas 20 years alone and not see everything haha!  Now your going to win tonight right?

    cheersBig Grin

    "Can you see a hair dresser winning a lottery and then deciding to open up a big used car dealership?" 

    I think you should open up your own Hair Salon. Stick with what you know.

    Good luck! 

      veganlife125's avatar - Lottery-061.jpg

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      May 18, 2013
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      Posted: September 18, 2013, 9:48 pm - IP Logged

      "Can you see a hair dresser winning a lottery and then deciding to open up a big used car dealership?" 

      I think you should open up your own Hair Salon. Stick with what you know.

      Good luck! 

      Ahh Ha!  Let me guess.  SugarBritches coming home later that usual lately and its got you upset?

      CheersBig Grin

      Don't forget to visit the Lottery Post Gift Shop!

        Nikkicute's avatar - nnjx1k
        Wisconsin
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        February 17, 2012
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        Posted: September 18, 2013, 9:49 pm - IP Logged

        tattoo removal businessThumbs Up

        ...the secret to Luck is never to trust it...

        2012 wins:$20 loss:$200  2013 wins:$100 loss:$270  2014 wins:$360 loss:$273 

        2015 wins:$0 loss:$53  2016 Jan $0/$15.00 Feb $0/$2.50 Mar $0/$4.00 April $0/$0 May $0/$0

        June $0/$0 July $0/$0 Aug $0/$0 Sep $0/$0 Oct $0/$0 Nov $0/$0

          mikeintexas's avatar - tx avatar-1.gif
          Texas Panhandle
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          December 20, 2012
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          Posted: September 18, 2013, 9:55 pm - IP Logged

          I think owning a bar would be like being married to a nymphomaniac.  It'd be fun for a little while....

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            CST
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            March 23, 2013
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            Posted: September 18, 2013, 11:46 pm - IP Logged

            I'd be in the business of being a venture capitalist.

            Helping others create businesses would create many more jobs than my one or two businesses could. 

            And I could still live like I was on "permanent vacation" as well as have much availability for volunteer work, which is what any obscenely weathly person should be doing.


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              March 26, 2012
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              Posted: September 18, 2013, 11:59 pm - IP Logged

              I would love to have some kind of business if I won the lottery, mainly to keep me busy working and not busy spending up all my money, but I don't know what kind I'd like to invest in...I have a couple in mind but I don't have any experience in the area and I wonder if if would be a good thin to invest in....Anyways these are a couple I was thinking of

              1. Chik'fil'A  I like their business model and their ethics, well other than the homo thing Im more of an equal rights person what you do and who in your own bed is none of my business

              2. A self-storage business....They pretty much take care of themselves I think and all your paying someone to do is write new contracts and take monthly payments. They seem to be popping up everywhere but especially here because of the huge military base here

              3. A small radio station...this one is mor of a lark mainly Id want to own one just to limit the number of commercials played per hour, cause everytime I turn on the radio it seems all the stations are on commercials

              So these are a couple of mine, but in your opinion what are some good small businesses to invest in if you won the jackpot...that is if you'd want to even have a business after becoming financially secure faster than you'd ever be able to earn that much money LOL

              I think you have it right on eliminating the commercials-over-the air thing.

              But, I would be looking into some valuable land - maybe invest in gold.

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                August 28, 2004
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                Posted: September 19, 2013, 3:45 am - IP Logged

                A Hotel Resort in Vegas would be the best business to own period.

                 

                Take the Hard Rock for instance:

                 

                9 restaurants

                4 concert venues

                A world class fitness center

                Spa and Salon

                tons of pools with cabanas equiped with everything, even a TV.

                You would imagine the top managers there have meet every celeb that stayed there and were backstage at all those concerts


                  United States
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                  July 25, 2012
                  1636 Posts
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                  Posted: September 19, 2013, 7:58 am - IP Logged

                  What financial people?  Are you talking about mutual funds where some fund trader has the right to trade you in and out of stocks and bonds for losses?  I'm confused why anyone would want to do that.  In anything never let anyone have control of your checkbook or accounts for any reason. period.  Open individual accounts and purchase the direct stocks and bonds you want and they just sit there.  I would go with large commercial firms like citi, wells fargo, jp morgan, or goldman sachs for all accounts.  Why?  Because if anyone inside the firm were to defraud a lottery winner or someone online did compromise the accounts in anyway id feel comfortable that they would make it up quick.  Can you imagine the havoc to the bottom line you could bring in a public lawsuit to a bank like this after you have won the lottery billionaire2bee if they jipped you?

                  Most people have never run a business and it is hard even if you know what your doing.  Also money management is key.  If you go for it just make sure you do what you know.  If you know toothpicks make toothpicks.  If your a farmer stay farming.  If your a bartender then try a bar.  If your a dough maker then maybe start a bakery.  I would say 90%+ lose their shirt going into a business they nothing about.  Can you see a hair dresser winning a lottery and then deciding to open up a big used car dealership? LOL  Good luck. 

                  You think a BIG lottery winner couldnt find plenty to do?  How about travel to all the worlds beaches judging bikini contests and living it up in Las Vegas?Naughty  You could live in Las Vegas 20 years alone and not see everything haha!  Now your going to win tonight right?

                  cheersBig Grin

                  LOL cause large firms don't jip people right? C'mon didnt we the American people bailout some big banks because they made some bad decisions? You got to watch everybody when you're dealing with money ESPECIALLY white collar cause they're a little slicker about how they do it...You think Bernie Madoff stole 50 billion on his looks? and yeah you could sue and you could spend the rest of your life and fortune fighting it out in court Also why if you were a hair dresser would you think or even want to have a car dealership??? You know hair you would stick with hair....also of course a big jackpot winner could find plenty to do, but spending you money like you'll never go broke is the fastest way to bankruptcy...I dont think me running a few successful Chick' fil'A restaurants will break me Im pretty sure I could make some money there and just keep busy, like I said I love my down time but I dont like too much of it...I'd just go crazy....but this is all a theory wish I'd won last night so I coulda put it to the test LOL...Oh well maybe next time