There are so many articles online that make suggestions on the best small business ideas, and so we thought we’d publish something a little different. The concepts suggested below have the potential to make you a millionaire in only a few short years. However, they are going to require substantial initial investment, and so you will have to think long and hard about funding. For most people, it would be impossible to get the money they require to push ahead with the ideas below. Still, it’s a good idea to read about them in case your financial situation ever changes. Maybe you will get a large inheritance? Perhaps you will win the lottery? Stranger things have happened.
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Oil Drilling
Companies that go around the world drilling for oil tend to make billions in profit every single year. While their practices are a little questionable, there is no getting away from the fact they have a winning concept. Of course, anyone who wants to start a drilling business is going to need a lot of money to pay for equipment and insurance. You would have to drill in some of the most dangerous places on earth, and so it’s vital that all workers have appropriate cover. It’s certainly something to think about if you ever come into money.
Marijuana Dispensary
Marijuana is now legal in twenty-three states. Most of them simply allow medical users to consume the product, but Colorado and Washington sell it for recreational use. Pretty soon, most towns in America will have at least one dispensary serving their community. That means there will be lots of people looking for marijuana jobs. Now is the best time to invest and get involved if you want to make high profits. As with any other successful business model, you could franchise your dispensary. That would help you to make millions by replicating your success in different locations. If you do that, you will be in the perfect position to capitalize when the substance finally becomes legal in other countries too.
Foreign Property
Opting to start a business that buys and sells foreign property could be a fantastic way of making your first million. All you would have to do is arrange a trip over to your chosen locations and find out about any legal issues involved. So long as you have a lot of money to invest, you could make huge savings on the acquisition of multiple homes. You can then use savvy marketing techniques to make them seem very appealing to potential buyers. People who live in the US and want to buy property abroad are much more inclined to do so from an American business.
All of those business ideas have the potential to make you a millionaire in a very short time. You just have to create the best plan and keep pushing forward. While finding the money might be tricky, you could always try running your concept past private equity firms. You never know. Someone might be willing to take a punt.