Carmel, Indiana (Noblesville, Plainfield, Westfield: subdivisions, to live, price)

[nebulous1]

I'mGibby, so what's a winning business idea? I am sitting here with wondering what would be lucrative to go into business with, that would turn me a profit the first year and support me and my kids? What would be a surefire product to manufacture and sell?

I am familiar with what the SBA is...but I do know you have to have more than a good attitude, you need a real product or service that will be feasible to put into business and one people want to buy or spend money on. I might think Pink Elephant cookies are cute, but will they make me a living?

You have to have some suggestions or are you just talking with no idea in mind?
I think a lot of people do not go into business for themselves, not because they didnt sell a bank on lending them money, but because they didn't have an idea or a product that was going to be new and capture a market.
To me, there are 3 things...

1-You have to know the product or service you are trying to go into business with. It is like sales, you have to know it and the market inside and out.
2-You have to have a product or service you can manufacture or really put out there. I can say I have an idea about an assembly line for GM, but can I really come up with it?
3-You have to have someone to support you for the time you are putting this business into action. Anyone I know who ever started a business had someone else supporting them while they did it.
4-You have to have an idea for a product or service that is competitive enough to enter that market. If not, you are going to go belly up.

[nebulous1]

Originally Posted by sandrewk

Just registered - hope I'm doing it right.

I was raised very poor and worked my way up the ladder in the warehouse. When I moved to Carmel 2 years ago I was scared to death that the neighbors would be pompous because of the rumors. When I got here my basement flooded and my neighbors came over with dry-vacs and carpet cleaners to help me. One guy got out of his suit into shorts, put it back on and went to a meeting, and came back to help later.

I have received similar kindness from most of the native "Carmelites" and feel bad that I judged them without really knowing. The people here treat others much better than the 20+ places I have lived in Indianapolis.

Originally named Bethlehem, the people really embrace caring like the original Carmelites. Glad to be a part of it.

I agree, I think a lot of areas envy Carmel. It's mayor has a good business development plan for the city.

[ImGibby]

Originally Posted by nebulous1

I'mGibby, so what's a winning business idea? I am sitting here with wondering what would be lucrative to go into business with, that would turn me a profit the first year and support me and my kids? What would be a surefire product to manufacture and sell?

I am familiar with what the SBA is...but I do know you have to have more than a good attitude, you need a real product or service that will be feasible to put into business and one people want to buy or spend money on. I might think Pink Elephant cookies are cute, but will they make me a living?

You have to have some suggestions or are you just talking with no idea in mind?

Well Neb, I was just responding to your comment "If I had the money I would start my own business"...I guess I took that to literally.

As for suggestions, I don't know you, I don't know what your strengths / weakness are, I don't know your likes / dislikes, education, experience.....I could go on, but surely you get the point....only you can decide what is a good business idea for yourself...I doubt there are many successful companies out there that were started as the recomendation of some random forum poster.

And I already mentioned earlier that you need a Business Plan...not a good attitude or what YOU think is a good idea....A business plan is a written proposal that consists of research and documented scenarios, diagrams, charts, statistical data, feasibility studies, income / revenue forecasts, geographical needs assesment, trends and analysis, etc. etc. etc...If you can't put together a solid Business Plan, your idea probably sucks...a good idea will make it easy to put the Business Plan together.

[nebulous1]

Originally Posted by ImGibby

Well Neb, I was just responding to your comment "If I had the money I would start my own business"...I guess I took that to literally.

As for suggestions, I don't know you, I don't know what your strengths / weakness are, I don't know your likes / dislikes, education, experience.....I could go on, but surely you get the point....only you can decide what is a good business idea for yourself...I doubt there are many successful companies out there that were started as the recomendation of some random forum poster.

And I already mentioned earlier that you need a Business Plan...not a good attitude or what YOU think is a good idea....A business plan is a written proposal that consists of research and documented scenarios, diagrams, charts, statistical data, feasibility studies, income / revenue forecasts, geographical needs assesment, trends and analysis, etc. etc. etc...If you can't put together a solid Business Plan, your idea probably sucks...a good idea will make it easy to put the Business Plan together.

It would make sense, that before one could even draft a Business Plan, one would need an idea for a product or service for a business. And you're right, it cannot be what I think is a good idea, it has to be something people want and will pay more for.
It seems all bases are covered. I can't think of anything new to invent or make that could generate an income.
I literally have no idea for a business.

[domergurl]

Alright neb, move to Columbus and open up a Culvers or a Dunkin Donuts ... you'd make me happy at least, and I'd be a loyal customer!

[ImGibby]

Originally Posted by nebulous1

It would make sense, that before one could even draft a Business Plan, one would need an idea for a product or service for a business. And you're right, it cannot be what I think is a good idea, it has to be something people want and will pay more for.
It seems all bases are covered. I can't think of anything new to invent or make that could generate an income.
I literally have no idea for a business.

Most new start ups are sevice based rather than product based. There is typically a lot less overhead and startup expenses with a service based business as well...figure out what is that you like to do and what you are good at doing and figure out a way to make money at it

[ImGibby]

Originally Posted by domergurl

Alright neb, move to Columbus and open up a Culvers or a Dunkin Donuts ... you'd make me happy at least, and I'd be a loyal customer!

Good suggetions. Although now we have breeched into the Franchising aspect of becoming self employed. The franchise fees are going to add signifigantly to your startup costs, and the anual royalty fees are going to add to your overhead expenses. This can be in the tune of 100's of thousands of dollars if not millions. I've never been a big fan of franchise opportunities, unless you got that kind of cash laying around to invest into something. Obviously it works for some people or you would not see so many chain restaraunts everywhere.

[esantaro]

Carmel is by far the best city to live in central Indiana. Carmel has a good community, nationally ranked schools, and athletics. The city has many different qualities than other places in Indiana and is a quick commute to the Down town Indy area. People like to poke fun at Carmel because they can't say anything good about their own community. Carmel is one of the biggest edge cites of Indianapolis so naturally there is everything: poor people, rich people, middle class, etc. Property taxes are low and to clear everything up its Carmelayan.

[jrod2828]

Westfield is better than Carmel. Your kid isn't just a number there.

[X-Greensboro Resident]

Originally Posted by jrod2828

Westfield is better than Carmel. Your kid isn't just a number there.

I live in Westfield, just north of 146th street and I must agree with you. Westfield is a great community!