A Fin24 user wants to know what business he could start with his severance package. He writes:
I will be taking my voluntary severance package and would like to invest a portion, then start a business.
Where can I invest to get a good return and what business can I start?
I am a mining guy on a management level.
Business development consultant Anton Ressel responds:
You have not indicated if you want to be operationally involved in the new venture or not, so it is quite tricky to advise without that information.
However, for someone in your position I would probably recommend looking at a franchise, which generally offers solid returns and significant infrastructural and operational support.
The risks are minimal, time investment is also not too onerous and you have the option of expansion through additional franchises if things go well.
Check out www.whichfranchise.co.za for more info.
- Fin24
I will be taking my voluntary severance package and would like to invest a portion, then start a business.
Where can I invest to get a good return and what business can I start?
I am a mining guy on a management level.
Business development consultant Anton Ressel responds:
You have not indicated if you want to be operationally involved in the new venture or not, so it is quite tricky to advise without that information.
However, for someone in your position I would probably recommend looking at a franchise, which generally offers solid returns and significant infrastructural and operational support.
The risks are minimal, time investment is also not too onerous and you have the option of expansion through additional franchises if things go well.
Check out www.whichfranchise.co.za for more info.
- Fin24