Hi all, I am a student at the University of Ottawa (Canada), and currently studying Human Kinetics (B.Sc.). Me and a few buddies from school have accumulated savings, and are looking to open a small business that we could start during or after our studies, either as a hobby, or as a full-time career. We have come accross a few good ideas, but nothing great. Something in the health field would be perfect, and because this website is so health oriented, I would love your ideas. Give me all you have!
Keep in mind that we are a group of 4. We all have near perfect great point averages, and train everyday while working a part time job and being full time students. In other words, no challenge is too big for us. Our back up plan is Med school.
Well you should probably go with that back up plan since you will make significantly more money, or do you lack the volunteer work to back up the 'perfect GPAs'. Also mildly disturbing that the four of you apparently tackle every venture in life together.
In Canada, doctors do not make ridiculous amounts of money. In fact, the pay-off is mediocre when you consider the studies, and the ridiculous hours that have to be put in. Let's not forget about the stress that comes with it. I'm not saying starting a business is a piece of cake; in fact, we are looking for a challenge, that's all.
I live in Canada I am aware. That is why you get your M.D. here for cheaper than in the states and then go to practice down there and make large sums of money. If you are looking for a challenge then you should still probably go with med school if that is legitimately a viable option. If you think starting a business is less of challenge you are wrong, however it is much more of a risk.
As I was growing up I watched my dad build a very profitable business, he is currently shopping for a ferrari which should say enough since I don't want to talk numbers. He is a smart dude and a hard worker, he still has the highest marks anyone has ever received for their MBA for the university he studied at (not naming institution as this is something you can look up). However, while he is making large sums of money in the time it took him to build this business post MBA if he had gone to med school and moved down south he'd be making similar pay with fewer hours per week.
That is anecdotal however I just want to point out that starting a business, if you want to do it right, is by no means easier than med school but is more risky. If you want to call my response 'semi-intelligent' I suggest responding in a similar manner minus the condescending tone.
Start a gourmet pastries/chocolatier shop with half, down the road start a dialysis clinic with the other half.
The sweets shop doesn't have to even turn a profit. Just keep pumping that shit out to the public. You'll get it back on the flipside when your customers become diabetic and their kidneys start failing. When that happens, start a secondary services division that installs fistulas and stuff.