Realise it is not alot but many small businesses have started with much less some just on £25 so it can be done. This won't come round again so need to think/use it wisely. With credit Crunch many gadgets etc and frivolous items I see as being a no go area. People will always want to eat but again this may be considered a risk area. Spoke to bank but they want a full business plan and as I don't know what to do yet can't submit one and I'd rather not borrow in case it doesn't work. I do have a great idea (child safety connected) and if I could get a lead into garages/kwik fit then know it would just take off. It is both exciting and scarey as I want to make the most of this small legacy and not let their memory down in a way. It must succeed. Am willing to keep P/T eve job to help so don't have to take income for first year. Am I being naive thinking this could work ? What business would you set up with £2,500 and why ?
Additional Details
Have a good retail idea but research shows any lease requires 3 months in advance, some are 5yrs some are much longer and I wouldn't want to commit to say 20yrs in one place - 2 reasons. 1) may take off and need bigger premises in 2yrs 2) may need to draw line underneath and just get out but would I be liable for any outstanding lease? Is there any way to put down say just one month in advance to get started ? The stock would be on a pre-owned agency system so no real stock to purchase.