hire me :)

hire me too!

ive wondered myself about starting a small business (in relation to food), but I can't imagine how many lets say in your business: bubbleteas, you need to sell a month to cover rent + worker(s) + electricity + food cost etc.... like how does selling bbteas (and snacks?) cover ALL that and net profit?

If you can't figure that out then you shouldn't think about starting a business at all.

that's why I'm asking? I 'm just trying to gather knowledge, no where near an actual plan yet.

if you want to be your own boss be prepared to put in extreme amount of hours and make huge sacrifices for your business. once you start it, your life is the business.

The best way for you to learn is probably read up on Cost Control book or take classes..

BBT is pretty easy.. Lets say water/ice - 5cents, fruits - 30cents, cup - 10cents, lid 5cents, straw 10cents... Anyways your cost of making a BBT is well under 1 dollar.. while you sell it for about 3.50-5bucks.

A lot of variables in business.. such as locations, types of customers (ex. which groups of people are you mainly aiming for)

Usually your average item on the menu is 200-300% of its cost price, but this isnt for all items.. and different establishments may lower or raise prices to increase customer or profit..

For smaller businesses a lot of owners cut down cost by reducing staff, working longer hours themselves.
There are plenty of ways people try to cut cost and make ends meet or just to increase overall profits..


Anyways my best advice is to learn by working for someone before you even start to think about opening a business. Make mistakes, connections, and learn from your employer. Dont burn any bridges cause its a small world out there.

If you don't have the initiative to research it yourself and instead just ask someone- You're not gonna get very far.

I've been running my dads for the last two months and it's harder then it looks. Even though I've been working with him at least part time since I was 15 years old there is so much I didn't know. He ended up in the hospital for 7 weeks and I had no choice but to step up.

It's a lot of stress, you go home and all you think about is work. What do I have to do tomorrow, the next day? Who owes me money? Who do I owe? Did I do this or that? Although it's been hell it's made me realize that I can do this. Working for someone else and collecting a check is a lot easier but the rewards and payoffs are obviously not there as well.

There is a decent chance that I'll be starting my own thing with a good friend when he's healthy again. I noticed a lot of things my dad does poorly that I can improve on. Ideally I'd actually like my dad to sell what he has and come work for me, less stress, less work for him and better for his long term health.

not necessary true but in general there are 3 types of people
1) idealist. they are Martin L. King... "i have a dream", and all these people who started the revolutionary etc.... they have ideas, they are positive thinking and they are able to come up with ideas. bottom line, these are people that comes up with shit.

2) logistics. you are able to make things work. you throw them a business idea, they will piece it together. whether its a person with business sense, knows how to do math and calculate the rate of return, knows how to network, knows the industry...etc....;
These people are buddies of people above and makes the ball turn.

3) 9-5 workers, these are the best people to hire, they work 9-5, they listen, they are a dime a dozen and they work. period.

Of course there are many of diff types. People who are number 1 who opens a restaurant without people # 2 will fail. They think, OH, look, i'm going to open a restaurant and tons of people will come and eat will fail because they dont' realize, the overhead, the cost of running a place, the bills, the break even point, the amount of business they need to run a place etc.

anyhoo. you know what i mean.

if you are low on capital, that means you are not ready to grow.
build your capital base using ur current location, and then expand.

u want a successful base before even thinking about asking for a loan ..