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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Omene Odin
Omene OdinNewcomer
Asked: July 20, 2023In: Money & Business

How to start a Car Wash Business

I have a question that I’ve been thinking over for quite some time, and I believe that Advisordia will be the ideal place for me to get an answer to it. As a result, I’m really looking forward to establishing ...Read more

I have a question that I’ve been thinking over for quite some time, and I believe that Advisordia will be the ideal place for me to get an answer to it. As a result, I’m really looking forward to establishing a connection with the community.

I am thinking about getting into the car wash business, and I was wondering if you have any suggestions or recommendations on how to get started in the car wash business. I would really appreciate it if you could assist me out if you have any advice on how to start a business washing cars, and that advice could come in the form of tips or suggestions.

Despite the fact that I have no idea where to begin, I believe that the information and guidance that can be found on this website will be valuable to me as I work to establish and grow my business.

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business ideascar wash businessinvestments
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  1. Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on August 24, 2023 at 6:59 am

    Starting a car washing business is absolutely a good business idea but one of the key factors to succeed in such business idea is the environment in which you are going to establish the car washing business. Establishing a car wash in business must be done on a major Street where cars usually pass aRead more

    Starting a car washing business is absolutely a good business idea but one of the key factors to succeed in such business idea is the environment in which you are going to establish the car washing business. Establishing a car wash in business must be done on a major Street where cars usually pass and where people can see clearly that a car wash business is available here. Establishing a car washing business in a minor road where cars usually do not pass can be a bad business starting, since you are more likely to be recognised by passing car owners. However in order to grow and develop a car washing business you must make sure to give best and good quality services.

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Crystal
CrystalKnowledge Seeker
Asked: September 17, 2023In: Money & Business

What will you gain from opening a betting office?

What will you gain from opening a betting office? Though I don’t use to bet, but I just consider what someone can get for having a betting shops or office. You have any experience?

What will you gain from opening a betting office?

Though I don’t use to bet, but I just consider what someone can get for having a betting shops or office.

You have any experience?

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businessbusiness ideas
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  1. Jewel
    Jewel Knowledge Seeker Jewel
    Added an answer on September 18, 2023 at 9:38 am

    Opening a betting shop has various benefits. Betting shops can generate income through the bets placed by customers. If managed well, they can be profitable businesses. You can build a loyal customer base of individuals interested in sports betting, horse racing, or other forms of gambling. Also depRead more

    Opening a betting shop has various benefits. Betting shops can generate income through the bets placed by customers. If managed well, they can be profitable businesses. You can build a loyal customer base of individuals interested in sports betting, horse racing, or other forms of gambling. Also depending on your location and setup, you may have flexibility in operating hours and services offered.

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spencer
spencerEnlightened Mentor
Asked: July 6, 2024In: Money & Business

How Do Business Owners Pay Themselves?

How can a business owner pay themselves out of a business profit, should it be based on sales made or percentage?

How can a business owner pay themselves out of a business profit, should it be based on sales made or percentage?

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businessbusiness ideasbusiness owner
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  1. Blessing16
    Blessing16 Blessing
    Added an answer on April 20, 2026 at 9:39 pm

    Business owners pay themselves from the profit of the business, not just sales. After covering expenses like rent, stock, and salaries, the remaining money (net profit) is what the owner can take.They can either pay themselves a fixed monthly salary or withdraw a percentage of the profit, dependingRead more

    Business owners pay themselves from the profit of the business, not just sales. After covering expenses like rent, stock, and salaries, the remaining money (net profit) is what the owner can take.

    They can either pay themselves a fixed monthly salary or withdraw a percentage of the profit, depending on how stable the business is. Many owners also reinvest part of the profit back into the business to help it grow.

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spencer
spencerEnlightened Mentor
Asked: May 8, 2024In: Money & Business

What are Some Business ideas for a Teenager?

As a teenager what are some business one can start, any ideas on business that a teenager can start and make money from?

As a teenager what are some business one can start, any ideas on business that a teenager can start and make money from?

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businessbusiness ideasteenager business ideas
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  1. Mika
    Mika Expert Mind
    Added an answer on July 6, 2025 at 2:46 pm

    Selling old items through the platforms like ebay, facebook marketplavce, mercari, etc, is the best business for teens. These businesses can be started with very small investment and does not require a lot of business management skills. Another profitable business model for teens is selling merch. TRead more

    Selling old items through the platforms like ebay, facebook marketplavce, mercari, etc, is the best business for teens. These businesses can be started with very small investment and does not require a lot of business management skills. Another profitable business model for teens is selling merch. They can sell merch for free through redbubble, amazon or zazzle.

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spencer
spencerEnlightened Mentor
Asked: June 28, 2024In: Money & Business

How To Start a Bar Business in a City?

How can I start a bar business in a bar? What are the requirements of getting started in this business?

How can I start a bar business in a bar? What are the requirements of getting started in this business?

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bar businessbusinessbusiness ideas
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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on August 14, 2025 at 3:14 pm

    To start a small cafe business is to find out all costs involved with starting a bar. You need to find out about the rent, initial inventory cost, utilities, licenses, ect. · Scope an area that you feel like you would need help You would need to obtain a Liquor License and other necessary licenses sRead more

    To start a small cafe business is to find out all costs involved with starting a bar. You need to find out about the rent, initial inventory cost, utilities, licenses, ect. · Scope an area that you feel like you would need help

    You would need to obtain a Liquor License and other necessary licenses so that you run it hitch free

    Trademark Your Name and Logo.. then choose the perfect location. Design Your care and do other renovations.

     

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spencer
spencerEnlightened Mentor
Asked: July 19, 2024In: Money & Business

What Can Small Business Learn From Established Businesses?

What can small business learn from established business in terms of getting sales, hiring productive employees and growth

What can small business learn from established business in terms of getting sales, hiring productive employees and growth

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business ideasbusiness knowledgebusiness tips
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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on May 20, 2026 at 3:23 am

    They should learn patience from other Established companies that it takes sometimes to grow your business. You should not be desperate but take time to build your business, grow it and gets rewarded through high sales and profit. They should learn that you don't only have to hire employees but get tRead more

    They should learn patience from other Established companies that it takes sometimes to grow your business. You should not be desperate but take time to build your business, grow it and gets rewarded through high sales and profit. They should learn that you don’t only have to hire employees but get the best and capable hands and train as you onboard them.

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spencer
spencerEnlightened Mentor
Asked: July 21, 2024In: Money & Business

Is A Car Wash Business Profitable to Start?

Is starting a car wash business profitable, is there any tips a prospect of such business should know, what are the things I need to get right?

Is starting a car wash business profitable, is there any tips a prospect of such business should know, what are the things I need to get right?

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businessbusiness ideasbusiness tip
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  1. Avarose
    Avarose Enlightened Mentor
    Added an answer on November 5, 2025 at 4:28 am

    A car wash business can definitely be profitable if it’s done right, but success depends on location, consistency, and customer experience. You’ll make the most money in high-traffic areas where people value convenience. Focus on using quality cleaning products, offering fast service, and keeping yoRead more

    A car wash business can definitely be profitable if it’s done right, but success depends on location, consistency, and customer experience. You’ll make the most money in high-traffic areas where people value convenience. Focus on using quality cleaning products, offering fast service, and keeping your place clean and friendly. Start small maybe with a manual or mobile setup to test demand before investing in expensive equipment. Good marketing, loyalty programs, and reliable staff also go a long way in keeping customers coming back.

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Crystal
CrystalKnowledge Seeker
Asked: September 10, 2023In: Money & Business

What type of business can I involved myself as a student?

What business can I also involved myself as a student both online and offline to make money ? Some students didn’t depends on their parents everytime, a lot of students are searching for some easy money making ways to help themselves ...Read more

What business can I also involved myself as a student both online and offline to make money ?

Some students didn’t depends on their parents everytime, a lot of students are searching for some easy money making ways to help themselves in some certain things.

What’s your advice concerning this ?

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businessbusiness ideas
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  1. eldavis
    eldavis Enlightened Mentor Graphic designer
    Added an answer on November 2, 2025 at 6:42 pm

    As a student, there are actually several businesses you can involve yourself in both offline and online that can help you bring in money. Sales of t-shirt is a very lucrative business. It does not really require much to start and the school environment is a great place to find a lot of customers asRead more

    As a student, there are actually several businesses you can involve yourself in both offline and online that can help you bring in money. Sales of t-shirt is a very lucrative business. It does not really require much to start and the school environment is a great place to find a lot of customers as well as students often buy trending T-shirts and other things.

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spencer
spencerEnlightened Mentor
Asked: April 25, 2024In: Money & Business

Can A Business be Profitable in the First Year?

Is it possible for a business to be profitable in the first year, are there some strategies that can be employed to make sure it’s achieved? Also examples of companies that have done that?

Is it possible for a business to be profitable in the first year, are there some strategies that can be employed to make sure it’s achieved? Also examples of companies that have done that?

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business ideasbusiness tipsprofitable business
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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on April 26, 2024 at 12:53 pm

    Yes, business can be profitable in the first year. There's no specific time for a profitability of a business. Everything depends on how you are acting it out. You need to offer what your target audience needs Let your price be competitive Offer incentives to your customers and don't forget to act oRead more

    Yes, business can be profitable in the first year. There’s no specific time for a profitability of a business. Everything depends on how you are acting it out.

    You need to offer what your target audience needs

    Let your price be competitive

    Offer incentives to your customers and don’t forget to act on their feedbacks.

    All of these will help you have high sales and profit in months.

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Crystal
CrystalKnowledge Seeker
Asked: September 17, 2023In: Money & Business

You have any business idea to share to our youth?

You have any business idea to share to our youth? As an Advisordia member, can you please advise our youth on a kind of business you think it will be profitable to them.! Please your contribution will highly appreciated.

You have any business idea to share to our youth?

As an Advisordia member, can you please advise our youth on a kind of business you think it will be profitable to them.!

Please your contribution will highly appreciated.

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businessbusiness ideas
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  1. Allison
    Allison Knowledge Seeker Archiever 💪🏽🔥
    Added an answer on September 17, 2023 at 7:09 pm

    Yes, i have so many business ideas to share with my fellow advisordians. If you have capital and the strategies to handle and manage a business, you can start palm oil business. Palm oil business is very profitable, that's what my mother is doing, and she makes a lot of profit each gallon of palm oiRead more

    Yes, i have so many business ideas to share with my fellow advisordians. If you have capital and the strategies to handle and manage a business, you can start palm oil business. Palm oil business is very profitable, that’s what my mother is doing, and she makes a lot of profit each gallon of palm oil she sells. So if you have enough capital, you can venture into this business and make some profit.

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