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08-28-2010, 12:59 AM
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#26 | | I AM
Join Date: Apr 2009 Location: Vancouver
Posts: 1,466
Thanked 1,329 Times in 294 Posts
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Originally Posted by TRD Rs200  thx, haha, I have started my own business in import and export and a entertainment business. its not as easy as it seems, really. there are so much to consider, there are so much to calculate, sometimes I think back and I think that I should just get a job~ haha. But then, when the hard works pays off, its all worth it. | hire me  | 
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08-28-2010, 01:00 PM
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#27 | | NOOB, Not Quite a Regular!
Join Date: Jan 2009 Location: coquitlam
Posts: 45
Thanked 28 Times in 7 Posts
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hire me too!
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09-16-2010, 08:45 PM
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#28 | | Wunder? Wonder?? Wander???
Join Date: Aug 2007 Location: vancouver
Posts: 202
Thanked 9 Times in 6 Posts
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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?
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09-16-2010, 08:57 PM
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#29 | | Need to Seek Professional Help
Join Date: Mar 2007 Location: Richmond
Posts: 1,098
Thanked 206 Times in 71 Posts
Failed 68 Times in 16 Posts
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Originally Posted by dhawes 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.
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:o
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09-16-2010, 11:19 PM
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#30 | | Wunder? Wonder?? Wander???
Join Date: Aug 2007 Location: vancouver
Posts: 202
Thanked 9 Times in 6 Posts
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that's why I'm asking? I 'm just trying to gather knowledge, no where near an actual plan yet.
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09-18-2010, 12:57 PM
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#31 | | Willing to sell a family member for a few minutes on RS
Join Date: Feb 2002 Location: Richmond
Posts: 13,420
Thanked 1,421 Times in 273 Posts
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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.
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Acura Integra Type R 00-1004 - It's back
223whp 161ft tq 2.0L ITR My Feedback | |
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09-19-2010, 02:49 AM
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#32 | | My homepage has been set to RS
Join Date: Oct 2005 Location: Vancouver
Posts: 2,146
Thanked 276 Times in 108 Posts
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Originally Posted by dhawes 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? | 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.
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Originally Posted by getalove i took a shit in the shower and i tried to use my heel to push it down the drain | | |
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09-19-2010, 08:49 AM
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#33 | | Need to Seek Professional Help
Join Date: Mar 2007 Location: Richmond
Posts: 1,098
Thanked 206 Times in 71 Posts
Failed 68 Times in 16 Posts
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Originally Posted by dhawes that's why I'm asking? I 'm just trying to gather knowledge, no where near an actual plan yet. | If you don't have the initiative to research it yourself and instead just ask someone- You're not gonna get very far.
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:o
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09-21-2010, 08:36 AM
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#34 | | Willing to sell body for a few minutes on RS
Join Date: Jul 2001 Location: Cloverdale
Posts: 11,613
Thanked 3,853 Times in 1,367 Posts
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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.
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The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I donīt care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. Thatīs how winning is done. Now, if you know what you worth, go out and get what you worth. - Rocky Balboa | |
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09-22-2010, 10:51 AM
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#35 | | I answer every Emotion with an emoticon
Join Date: Apr 2004 Location: GTA, BC, HK
Posts: 7,972
Thanked 2,733 Times in 1,173 Posts
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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.
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09-22-2010, 12:15 PM
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#36 | | MiX iT Up!
Join Date: May 2006 Location: vancouver
Posts: 8,150
Thanked 2,075 Times in 871 Posts
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Originally Posted by chupowei to be honest ive already had a chance to have my own business
i had a beverage shop selling bubble tea for about a year and 8 months
and all of the above.... working conditions did apply.
im ready for another one, but im low on capital
i do understand that there are many many reasons to why people would want to sell their business..
i kinda typed that without thinking too much and/or maybe in more general terms? |
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 ..
__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt | |
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