What would you do in this situation? Invest or save?

[BigBos]

1. Invest the $15,000 into a smaller business hoping that the returns will yield the remaining $15,000 in a short period. Note that this has the potential of failing and wasting the already-saved  $15,000.

2. Keep the $15,000 while doing other work that will yield the remaining money over a long period.

There is no good business if we ourselves do not fully understand the purpose of building a business. Talking about capital no matter how big or small, you can still start by mastering the business you are working on. Profit is only the final result and to achieve it you need to ensure that the business you are working on has value.

Failure is a condition that will always be found, depending on the overall level of failure or whether it can still be repaired. Say I think $15K is a lot of capital and it can be broken down into several types of businesses. So that generating different profits, putting $15K in one basket is not a good solution.

[1714297619]

1714297619

[Fiatless]

If you have plans to start a dream business that requires a capital of  $20,000 and you were able to make a savings of $15,000 which obviously isn't enough to start up the business, what would be your decision or advice?

1. Invest the $15,000 into a smaller business hoping that the returns will yield the remaining $15,000 in a short period. Note that this has the potential of failing and wasting the already-saved  $15,000.

2. Keep the $15,000 while doing other work that will yield the remaining money over a long period.

Would love to see your input or a better suggestion apart from the ones I pointed out above.

N/B
This is the typical situation a friend finds himself and we are just brainstorming in what best to do.

If your friend has been able to be patient and saved $15,000, why is he now rushing?  He is almost close to achieving his dream, let him be patient. If he is passionate about the business he wants to establish, let him focus on raising the money and avoid any form of distraction. There is no guarantee that if he invests in another business to raise funds faster, it will be successful. But if he wants to take some level of risk, he can buy Bitcoin, now that the price is somehow low, and hope that next year will be favorable.  He can make some profit from Bitcoin which will make his dream. But he needs to know that nothing is certain.

[Learn Bitcoin]

It exclusively depends on what business you are going to start. I am not in your position. I can advise whatever I think, but it might not match your business plan. You should not consider people's plans in your business. You are the one who knows what you should do. I don't know what business you are planning for. If you can start the business with the $15K, you can go for it. If not, wait a little more.

For example, if you are planning for a restaurant business where most expenses are on buying furniture, decorations and other things, the food does not cost that much. You cannot start without a proper decoration. Otherwise, it will create a bad image of your business. So, as I said, it depends on what business you are planning.

[Miles2006]

I will rather start the little business with the $15,000, firstly, before investing on a business, the person must consider some terms and conditions, conditions like If I start this little business can this business bring profit and where to start a business matters a lot for example a busy street. Also starting a business requires consistence.
  I choose to start up the business with the $15,000 because if I cannot hold a $15,000 business to stand very strong I cannot do same to the $20,000.one thing I know is no matter the little capital you use in starting a business, small or big if there is no propal care for the business the business will still fall. Most supermarket, boutique shops we see today, they all started with little capital. So you can equally start a business with $15,000 and make 10× profit from what you're looking for if you invest wisely

[fuguebtc]

It's up to you, if you are willing to take risks for a chance to earn double or more profits then you should start with the business. But if you are not ready to take risks and do not want to lose the money you have saved, you should choose the second option. Everything is proportional to each other, if you choose option 2 you will be safer but it will take longer to achieve the expected results.
We are not you and we are not in your situation so it is difficult to give you the best advice. You should know what you need, what you want and should make all your decisions yourself.

[CarnagexD]

Im torn to be honest. Pratctically, I would suggest option 2. Keeping the $15,000 and working on other things to slowly gather the remaining money gives you a more secure fund. It might take longer, but it minimizes the risk of losing your savings. However, neither option guarantee success, and both option can be difficult to establish.

But if you relly love the business, I think this would be my case, you’ll just hve to start right? I’d rather consider exploring ways to start my dream business on a smaller scale with the available funds, and then continue working and saving. It will give me the opportunity to grow steadily while I gather more resources. It's about finding a middle ground that allows you to pursue your passion while managing the associated risks wisely. I’ll also be enjoying the process in this option.

It exclusively depends on what business you are going to start.

Right. It depends on the type of business. Also the 5000 difference is a factor haha pike if it is just the difference, you can just start right? But if there is a huge gap in fund, I think you’ll have to save first before acutally staring the business.

[Wapfika]

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Get 5000$ loan to start your real dream business and pay the interest slowly until you can fully paid the loan using your business profit. Some bank offer a business loan which let you pay in long terms with fair interest rate so that you can have time to get profit for your business.

Starting different business or wait until you complete the funds is just a waste of time while there’s a financial instrument available to let you start immediately. It’s important to stick to your original plan since you already study how to run your business compared to running a compromised business that you didn’t really like.

[Ultegra134]

Without knowing the nature of the commercial activity, the work is a feasibility study for it, there is no need to give you advice, and that the commercial business varies according to the market, legislation and taxes, your experience in the market and the extent of your relationships and activities, distinct from investment and profits after deducting taxes, but in general, if Bitcoin is legal in your country, the tax specialties are lower. You can wait for two years to start your project, as investing in Bitcoin will be positive, as as a result, the price rose to more than 70k within the next 24 months, with the possibility that the price will decrease.

This is not investment advice, DYOR

To be honest, this is quite decent advice and probably an option the OP hasn't taken into account. Bitcoin is expected to boom in the next one or two years due to the upcoming halving cycle. We can't know for sure, but there's a decent chance it will. However, as @hugeblack mentioned, without knowing the nature of the business you're interested in starting, it's quite difficult to recommend something, and even if we do, you know your condition better than us.

Starting a business is a type of investment, but personally, I'd go for the second option because I wouldn't want to risk the capital I've already acquired, unless you're willing to look into acquiring Bitcoin and postponing your business for a while.

[Joshapat]

I will keep the $15,000 while doing other work that will yield the remaining money over a long period. Sometimes we are tempted to start a business without sufficient preparation so that when financial problems arise we will panic and stop the business at a loss. Waiting for sufficient funds is better than starting a business on a small scale.

[Honyek]

It depends on the type of business, how reliable, and how profit yielding that the dream business is. It also depends on how certain it is to work and get the remaining $5000 within the expected period. l can wait to make up to $20000, if the dream  business is completely reliable, the profit yielding capacity is very reasonable, and the work that l can do and get the remaining $5000 is certain, and within the expected period.

[Negotiation]

These will generally depend on the type of business but I think starting with a small amount to start a dream business is a good business to scale up. And investing $15,000 would be the right decision investing in personal finance is very important. By investing a person can increase various measures investing is a step closer to making dreams come true investing in cryptos like bitcoin is the right decision. Get good returns in the long term and there is no way to lose as time passes its value will increase.

[Issa56]

2. Keep the $15,000 while doing other work that will yield the remaining money over a long period.

Would love to see your input or a better suggestion apart from the ones I pointed out above.

N/B
This is the typical situation a friend finds himself and we are just brainstorming in what best to do.

I don't have any suggestion rather than the second suggestion which you just made, your friend has been able to make $15,000, so he needs just $5,000, if your friend is in rush, he might just end up losing the amount which he has been able to accumulate already. Since he knows the means which he was able to accumulate $15,000, then your friend should just continue working and saving, when your friend gets a required amount of money which he needs to start a business, then he can just start. Looking for easy way to get money might end up causing him to lose the amount which he has struggled to accumulate, its always better we have patience.

[pixie85]

One of the things I've learned is that you shouldn't accept half measures. If you want to eat pizza, but all you're able to buy is a hot dog, don't buy it. Find a friend who can share a meal with you and get a large pizza together. Think, don't give up!

I'd never choose to start some other business with 15k but try to make the remaining 5 somehow and invest in that dream business that I've always wanted.

Investing is another option. At this point it's almost 100% certain that next year bitcoin will be worth more than it is today. You can't lose money here' unless you get robbed, hacked, make a mistake in storing your coins or something like that. The price will be higher but it doesn't mean you'll have any bitcoin to spend by then, so there's always that little bit of risk.

[Dimitri94]

If you have plans to start a dream business that requires a capital of  $20,000 and you were able to make a savings of $15,000 which obviously isn't enough to start up the business, what would be your decision or advice?

If it is my dream business, I would definitely try to manage that money. If I don't have it, I'll borrow it. If I don't get loan from anyone then I will try to loan from bank if not then I will try to make up in 15000 thousand in that business. I know one of the  way will open for me. But if the gap is big like I need 20000 but I have 10000 then I will do it if there is any other option trade within my limit. And if not, of course I'll try to wait until I get the money I need. In this concern Different people will have different opinions.

[yudi09]

-snip-

Depends on the conditions prevailing in the field. If half or more of the capital needed to run the dream business can be used to run a second business or side business with the consideration of being able to quickly meet the remaining capital needed to run the dream business, I will use that amount to run a second/side business instead Instead, the money is stored or left to sit there without any turnover.

[TheSpiral]

You will look towards business and will first investigate that will this business give you profit or will ruin all your savings. If you are putting money without investigation then you will loss your whole money so it does not matter that you are Initiating a small business or dream business.

You can easily double the small sum if your selected business is advantageous and i think a person should take decision based on the amount with him. if a person has little sum then this little sum is enough but type of business will have impact on your profit

[red4slash]

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Get 5000$ loan to start your real dream business and pay the interest slowly until you can fully paid the loan using your business profit. Some bank offer a business loan which let you pay in long terms with fair interest rate so that you can have time to get profit for your business.

Starting different business or wait until you complete the funds is just a waste of time while there’s a financial instrument available to let you start immediately. It’s important to stick to your original plan since you already study how to run your business compared to running a compromised business that you didn’t really like.

I didn't think it would come to that, especially since what the OP was talking about was building a business. By taking a loan, the burden will increase because we have to think about the loan that we have to pay. Whereas in a newly built business we can't see the profits and losses yet. It's good luck if we can get a profit, if not, the loss we get will be a double blow. First we have to lose money because the business is not according to plan, second we have to keep paying the loan.
That is the last option I would take, and if possible, taking a loan is something that should be avoided.

[South Park]

If you have plans to start a dream business that requires a capital of  $20,000 and you were able to make a savings of $15,000 which obviously isn't enough to start up the business, what would be your decision or advice?

1. Invest the $15,000 into a smaller business hoping that the returns will yield the remaining $15,000 in a short period. Note that this has the potential of failing and wasting the already-saved  $15,000.

2. Keep the $15,000 while doing other work that will yield the remaining money over a long period.

Would love to see your input or a better suggestion apart from the ones I pointed out above.

N/B
This is the typical situation a friend finds himself and we are just brainstorming in what best to do.

Does your friend know anything about this other small business and how it is supposed to run? Is he expected to just invest the money and shut up or will he actually get a say on how the business is run? Will the owner of the business be willing to put up with someone else telling them what to do? All of those are relevant questions that needs to be answered, but being realistic I would prefer to simply keep the money and work until I have enough of it to start my own business instead of investing in the business of someone else.

[Sanugarid]

I think it would be best for you to come up with 2 plans so you can really reach your dream business.
If I were you, this is what I would do.

Plan A. If you have the option to invest, invest but don't spend it all, just a small amount and then while you invest, do another job so that somehow you have extra funds to reach your goal of $20,000 for in your dream business.

Plan B. If your investment fails , at least it won't hurt too much because you didn't spend it all, and that's where your extra funds will come in to start over. Always be ready for what happens

And I think don't stay at $20,000. Increase your budget because this is your dream.
It is always better to have spare funds

[Faisal2202]

1. Invest the $15,000 into a smaller business hoping that the returns will yield the remaining $15,000 in a short period. Note that this has the potential of failing and wasting the already-saved  $15,000.

2. Keep the $15,000 while doing other work that will yield the remaining money over a long period.

Would love to see your input or a better suggestion apart from the ones I pointed out above.

N/B
This is the typical situation a friend finds himself and we are just brainstorming in what best to do.

This situation is not that difficult to tackle, all you need is confidence. If I were at your place, then I would prefer to do the work while saving the $10,000 in my savings and will use the $5k for other investing purposes, like investing in BTC or investing in some small business, which would also generate me some good money. Then I will not hesitate to book the profit whenever I have one. I will try to use $5k with as low a risk as I can.

And once I make enough money I will start my dream job, but a dream business or job, does not mean you are going to be successful so, so don't only make $20k to start a dream job, try to save a little more like maybe $25k. Or more. But I think it is hard for you to save $5k only then it would be too late to make another $5k on your desired savings.

Try not to spend all of your money on a dream business, because they can flop too. All you need is analysis and hard work then leave everything to luck. But please do not do the last thing first (means leave everything on luck), try to do analysis and hard work first then leave everything on Luck (gosh I am repeating and also saying that It would be hard to make $5k for you, like it is not for me hehe.)