Im going to be getting a modest amount of money in the next couple of months...sum of about $30K - $35K.
Any ideas on how to maximize it?
My dream has been to open up a private boutique offering some very unique clothes and services to discriminating clients.
I just want to know if this is the right time to do this? Should I wait? Is there a better opportunity out there I should be looking at?
PS - I would wait. I would take the money and invest in the stock market or real estate.
With the limitation in credit now you will see a sharp increase in renters. (my predications)
Buy a one bed condo or something near a college/metro area and rent it out. Which could give you a monthly income to support you business.
Boutiques are great but you need clients first. You can easily do that without adding cost to your business from home or private consultations.