Ok Veeky Forums. Let's see if anyone has some Veeky Forums experience.
I have three options/potential investment careers. Two friends of mine said they wish to start a mechanic shop. We would focus on general repairs and services. I've looked at a few business plans, ran some numbers and although I have enough money to start it, I'm not sure I have enough money to stay afloat for more than 6 months in the event we are unsuccessful. I could always take out a business loan to ease the burden on my own finances. But I would still be in debt at that point and am always concerned about that route. There is more to option one, here, but I'm going to tell you about option 2 first.
The second idea was actually mine. I've been wanting to import cars from other countries and sell them here for two years now. There are some laws but I’ve read up on it and know what I can and can't import. We would focus on European and Japanese imports. A later goal would also to focus on importing Domestic muscle out of the US as I've found a market for this, too. Importing to the US, I would bring them in, stick a price tag on them, and flip them in as-is condition. I have found a few reputable dealers across the waters to start with, but eventually the goal would be for me to station myself or a couple guys in each country and save myself some additional fees by doing the initial finding work myself. I've crunched the numbers and incorporated a huge loss margin in case I missed something (which I may have since I've not done this before, only extensively read up on it). I would still be making a huge profit on each sell, even if I missed some major fees or got my cars held up in customs.