Alexandoy
VIP Contributor
When you are choosing a business that means you are in the preliminary step of the business plan. That may also mean that you still do not have the capital at hand. The idea is still playing on your mind and to make it easier to decide is to focus on the capitalization that you can raise.
If you have assets to sell to augment your savings then make computation that will include all the funds that you can get whether investment or simply donation. When you arrive at the estimated funds for the capital you can work from there. The capital will dictate the size of the business, the location and not to forget the type of business that your capital can handle. Do not be too ambitious by raising your capital via borrowings. That will not do you good.
If you have assets to sell to augment your savings then make computation that will include all the funds that you can get whether investment or simply donation. When you arrive at the estimated funds for the capital you can work from there. The capital will dictate the size of the business, the location and not to forget the type of business that your capital can handle. Do not be too ambitious by raising your capital via borrowings. That will not do you good.