Factors of Production
Sonny Patel 7/10/2013
Prof. Stenard
Factors of Production Essay
If I had a 100 000 dollars sitting in my bank account I could do a lot of things with it. I would come across so many opportunity cost to do something that were one option would be beneficial then another. With the 100000 dollars I would invest to make more money. I would take 85 percent of the amount and invest it in an apartment complex or building. To me this is smart rental units are in high demands near a college campus or in an inner city. If the price is right my mortgage after buying apartment units would be low so my expense would not be that much and it would create a good steady income for me so I could make my investment back into my hands. With the other 15 percent amount of money I would invest. I would do a different kind of investing. I would invest in high interest savings account and stocks. In stock market I would look into good companies to invest in so I would have a greater chance in my investment. Some banks offer high interest rates in savings accounts so I would shop around and see which bank is the right one to invest some of the money in.
Across HVCC there is an old building that is a banded. I would take this old a banded building and turn it into a franchise restaurant. I know I would have a lot of competitors around me. But I would serve a different kind of food then these competitors. I would open up a Five Guys Business. I would say my competitor would be Wendy s but their reputation is a fast food chain. Five Guys is not it’s more of a restaurant but for the people on a budget. People would only have to spend a dollar or less on a tastier and fresher burger then Wendy’s. I think this would have a steady business because Hudson Valley is growing every semester with students. So after class they can gather up couple of friends and come right the across the street to get a nice meal that is cheaper than Wendy’s and also the campus center.
Prof. Stenard
Factors of Production Essay
If I had a 100 000 dollars sitting in my bank account I could do a lot of things with it. I would come across so many opportunity cost to do something that were one option would be beneficial then another. With the 100000 dollars I would invest to make more money. I would take 85 percent of the amount and invest it in an apartment complex or building. To me this is smart rental units are in high demands near a college campus or in an inner city. If the price is right my mortgage after buying apartment units would be low so my expense would not be that much and it would create a good steady income for me so I could make my investment back into my hands. With the other 15 percent amount of money I would invest. I would do a different kind of investing. I would invest in high interest savings account and stocks. In stock market I would look into good companies to invest in so I would have a greater chance in my investment. Some banks offer high interest rates in savings accounts so I would shop around and see which bank is the right one to invest some of the money in.
Across HVCC there is an old building that is a banded. I would take this old a banded building and turn it into a franchise restaurant. I know I would have a lot of competitors around me. But I would serve a different kind of food then these competitors. I would open up a Five Guys Business. I would say my competitor would be Wendy s but their reputation is a fast food chain. Five Guys is not it’s more of a restaurant but for the people on a budget. People would only have to spend a dollar or less on a tastier and fresher burger then Wendy’s. I think this would have a steady business because Hudson Valley is growing every semester with students. So after class they can gather up couple of friends and come right the across the street to get a nice meal that is cheaper than Wendy’s and also the campus center.