Who here has started their own business?

Lasabar

Diamondog

I've started my own business (recently) one thing I would caution you about is, the restaurant business is going to be very tough right now and probably fr the forseeable future...people are going to be extremely discretionary with their discretionary income.....I am not trying to rain on your dream but would not want to see you in a bad position because of the market....are you able to keep the job and work at the business on the side?

The Sniper

Gurkha Man!

Diamondog:

I've started my own business (recently) one thing I would caution you about is, the restaurant business is going to be very tough right now and probably fr the forseeable future...people are going to be extremely discretionary with their discretionary income.....I am not trying to rain on your dream but would not want to see you in a bad position because of the market....are you able to keep the job and work at the business on the side?

i concur with diamond but i didnt want to say anything

ScottC

Heavy

Lasabar

danielruas

Funny, I have recently been looking into purchasing an established sausage / hotdog / bar business in my area with store front with full bar, catering and carts, etc. Finding the funds is where I'm at now, should be a fun road.

BlueRings

Well for what it's worth and it isn't much. I researched the food truck business pretty heavily. I would not go permanent location because it is a crap shoot. A food truck is a better option for me cause I can set up anywhere games, beach, business row, car row, and make 1400 a day with approximately 170 sales and only work game or event weekends my choice. Use twitter and facebook and let your followers find you on certain days once you get a route. You can get in for 50-75k with new equipment, licensing, and supplies much less if you go used. You can establish yourself on the weekend or days off to get a clientele and when you start to break even then you quit the job. Let's face it B&M cost are at least 75k and upwards and if it fails you can't up and move. If you really want to go cheap get a hotdog cart and set up anywhere and be in for less than 5k. My advice is start as small and as cheap as you can without quitting you job and you will find yourself hating it or quitting your job inside of six months. Good luck!!

xmacro

Funny you mention this; I just read a few WSJ articles a few weeks back about the food industry/mobile food industry; gimme a little bit and I may be able to find them

Krieg

Don't know much about running a business, but IMO, I'd wait till our "Dear Leader" is out of the white house and there is more of a small business friendly president in the WH.

KingoftheCove

phobicsquirrel

phobicsquirrel

Krieg:

Don't know much about running a business, but IMO, I'd wait till our "Dear Leader" is out of the white house and there is more of a small business friendly president in the WH.

Really? what did he do to hurt small business? He's signed into law some good stuff for them, and tried to get more but the GOP stopped it. Most recently he's pushing a law to give business's tax credits for hiring vets, there's like a 3 tier tax credit. However I think it's crap that the vet doesn't get anything out of it, other than hopefully getting job where it pays more than min wage.

beatnic

phobicsquirrel

phobicsquirrel

I think the whole goal is to get the rest of the country like Texas, highest min wage job employed in entire country. Sort of sums it up. Hell I haven't had a decent raise since 2008, been like 2 percent since then. i use to get around 10 or so. But the VP's and Execs did, and some good ones too. It's all F'd up.

beatnic

Hey phobic, do you realize that the government earns more money on a gallon gas than the big bad oil company that produces it? Even after the fees for drilling, producing, polluting, delivery,...... I could go on forever. Quit blaming the people that work.