Business for Bayview

There is a place up the road from my parents house. They import Christmas decorations probably from China. They must import about 10x containers a year (maybe more). The store opens in about October and they have a post Christmas sale about the 15Jan.
If it is not turning $500k a year I would be surprised and I dare say the margins would be generous.

Again not bad for 3or4months work (although I dare say a fair bit of planning goes into it throughout the year).

Blacky

 

http://zerotolaunchsystem.com/my-checklist-for-finding-a-profitable-business-idea/

Started using this checklist and it's been indispensable.

 

OK - this is fun !

For Bayview I'd be thinking of something that leverages off the existing business.
This would be by using the existing facilities and/or selling to the same customers.
There was a heap of these ideas in the "Keeping the business afloat" thread on SS
At that time the lack of funds was the main reason they were a "no" - so it would be worth revisiting that thread to see if any of them work now.

For businesses in general there has already been a lot of good ideas - personally I'd be thinking about businesses that will benefit from the lower AUD. The high AUD of the past closed down a lot of businesses that would be viable now - even more so when the competition has left it.

Some small scale manufacturing - even mechanics as the price of new cars increases.

 

Golf like lawn bowls is in decline. Not the best option imo.

 

Install a Dyno in your workshop, http://mainlinedyno.com.au/

The young blokes flock to them, toon 'em up this week and sell 'em rubber next week!

 

Sponsor a race day / track day.
They'll need spare parts and tyres afterwards

 

Not cheap and you'd have to do quite a few runs at $80-100 per run to make it worthwhile...

 

Not specifically for Bayview, but I listened to a podcast a few months ago where a guy was interviewed, who drives for Uber and sells jewellery to people in his car. He makes six figures a year from the jewellery sales.

Apparently he makes the jewellery himself, but I imagine it wouldn't be hard to contract with a wholesaler to buy from them and onsell? If I had a car, I'd seriously consider doing this myself.

 

Not specifically for Bayview, but what about 3D printing business. I heard that 3D printing will be a new way of manufacturing.

 

I really like the ideas of aged "day care" without the overnight hassles ... or long hours child daycare as lots of parents work strange hours and find it very hard to get help.

I know when I lived in central Newcastle there was a desperate shortage of day care - with waiting lists up to 4 yrs ... but the problem was the cost of land to build any new centres.

 

When you talk to people that own not manage these parks most within 300klm radius of Brisbane are always booked out for powered campervan-large motor-home sites,and above 35$ dollars pre night then you still pay one dollar per 4 minute showers,and some coastal beachfront sites are booked out for years ,a massive amount of people and not only over 50's,i see a lot in their 30's living like this..

 

Lizzie...following on from your idea...what about Aged Day Care for the elderly. I know of many friends with very elderly parents or parents with early dementia, who want them to live with them but have to work. One friend is working 3 days per week and takes her mother to an elderly people's home on those days where she gets to participate in the daily recreation programs. She looks forward to mixing with people her age

 

If anyone can come up with a cost effective option to those bloody nespresso pods I reckon your on a winner.

 

Wylie just posted a new thread on coffee.

But I like my nespresso machine.

Please post what you recommend in terms of pods etc

MTR

 

I often do, but only because in comparison to this industry I'm currently in; golf retail etc was a doddle....far less stress and less customer headaches.

But golf is in a decline (player and Membership wise) as was mentioned, and the retail side of it is stuffed for most Golf Proshops and off-course retail stores - at least until they start to impose the <$1000 GST rule on O/S internet sales.

My mate now manages 5 Proshops, and his focus is on players (greenfee commissions), carts and accessory sales. The "hardware" aspect of it he has pretty much given up on..only things like logoed apparel, balls tees, shoes, food and drinks, gloves, hats etc. One proshop he runs has not a single golf club in it; only 4 golf bags - for decoration. That's how bad "hardware" retail is.

He now tries to get management rights contracts for golf facilities; that's where the money is, unless you are a top 100 in the world player, or an extremely high-profile Coach..

The only good thing is I don't have to work weekends at the workshop. Golf however; like being in real estate....no weekends free.

The problem as well with getting back into golf for me at my age is I'm too old.

Noone is keen to hire 54 year olds any more, and even if they were, the income potential is pretty dismal - only part-time or shop assistant roles, with a bit of teaching in your spare time maybe. It's not very well paid; I've been there and done that too many times already.

Starting up an online retail business?...a million folks are doing it; hence the plunge in local shop sales.

I enjoy teaching/coaching, but unless I was in a position of no debt (will be soon), and didn't have the obligation of the workshop, it'd be a nice lifestyle position for a bit of pin money...if you could get one somewhere...maybe sell the workshop at a massive loss just to be rid of the thing, and then do it.

But no; our plan is to keep the workshop, try to cut down my hours, pull out a decent wage, and we will have the cash from our PPoR sale to put into a few JV projects with the SIL and BIL. The potential there is to earn 50-100% or possibly more on your money in a year. Projects are typically approx $100k-$150k for the bigger ones.

They have already done two smaller house projects and achieved these results, and are currently doing another with some other family members...a 6 villa unit holiday rental.

We will be able to make probably $100k passive income per year just off each of these projects...do one a year; the BIL ans SIL coordinate and project manage from there, pull out a project manager fee plus profit on the projects. Everyone wins. No need to be greedy and bust a gut.

**** that. No more weekends for me....unless it's getting on a plane to fly to Bali to check out the latest project site.

 

I was reading earlier that most of Donald Trumps wealth is in golf courses so there must be some money to be made at some point . The problem I see with many of these small businesses is that it's really just a job and a pig in a poke as well .