It's not unusual for employees to daydream about owning their own businesses. They imagine they could make their own hours and have the chance to earn some serious cash. The reality is that business owners put in more hours than almost anyone else. Some do eventually earn substantial sums, but not at first. If you are serious about becoming an entrepreneur and love people, you might consider opening a small shop, buying wholesale bagels, and selling them at retail prices.
If you aren't a baker, you might have to spend a lot of time testing recipes and learning the techniques necessary to become proficient in the kitchen. You avoid that step when you decide to purchase goods ready made. You could spend that time working in the shop of a mentor, who has become successful in the small business world, and is willing to share with you what he or she has learned.
Ideas are great, but you need to have some capital to start your business. Family and friends are often the best possibilities. You could approach them with the idea of making them silent partners in the venture if they aren't interested in becoming active partners. Failing that, you may have to take your business plan to a lender, make a compelling presentation, and hope you can get a loan.
If money is tight, you might consider opening a take out shop instead of an eat in restaurant. That way you can save a lot of money on decor and furniture. You won't need as many employees either. The rent will be more expensive, but it might be worth if you set up shop in a mall, near a school, or in some other high traffic area. You'll get noticed and have more potential customers.
Opening a specialty shop is fine, but if bagels are all you're going to offer, your focus is probably too narrow. Coffee, tea, juice, and even smoothies, are natural accompaniments to bagels and should sell well. You could even buy a vintage refrigerator cheaply and stock it with hard to find varieties of jams, jellies, and other toppings.
It would be nice if you didn't have to spend money on advertising and marketing, but you will so you might as well do it right. Your website should go up before you open the shop doors for the first time. Advertising a grand opening with discounts, door prizes, and coupons will get people in the door. Enticing them with specials on a regular basis is one way to develop a loyal customer base.
Hungry people are attracted to the smell of fresh baked goods, so you need to keep your warming oven working all the time. This way you will always have fresh food for your customers, and the odor coming from your open door will be irresistible to passers by. Light background music and a daily specials board outside your door are also inviting.
Starting a business isn't easy. Staying in business and making a success of it is even harder. To have a chance, you have to be prepared to work harder, longer, and smarter than your competition.
If you aren't a baker, you might have to spend a lot of time testing recipes and learning the techniques necessary to become proficient in the kitchen. You avoid that step when you decide to purchase goods ready made. You could spend that time working in the shop of a mentor, who has become successful in the small business world, and is willing to share with you what he or she has learned.
Ideas are great, but you need to have some capital to start your business. Family and friends are often the best possibilities. You could approach them with the idea of making them silent partners in the venture if they aren't interested in becoming active partners. Failing that, you may have to take your business plan to a lender, make a compelling presentation, and hope you can get a loan.
If money is tight, you might consider opening a take out shop instead of an eat in restaurant. That way you can save a lot of money on decor and furniture. You won't need as many employees either. The rent will be more expensive, but it might be worth if you set up shop in a mall, near a school, or in some other high traffic area. You'll get noticed and have more potential customers.
Opening a specialty shop is fine, but if bagels are all you're going to offer, your focus is probably too narrow. Coffee, tea, juice, and even smoothies, are natural accompaniments to bagels and should sell well. You could even buy a vintage refrigerator cheaply and stock it with hard to find varieties of jams, jellies, and other toppings.
It would be nice if you didn't have to spend money on advertising and marketing, but you will so you might as well do it right. Your website should go up before you open the shop doors for the first time. Advertising a grand opening with discounts, door prizes, and coupons will get people in the door. Enticing them with specials on a regular basis is one way to develop a loyal customer base.
Hungry people are attracted to the smell of fresh baked goods, so you need to keep your warming oven working all the time. This way you will always have fresh food for your customers, and the odor coming from your open door will be irresistible to passers by. Light background music and a daily specials board outside your door are also inviting.
Starting a business isn't easy. Staying in business and making a success of it is even harder. To have a chance, you have to be prepared to work harder, longer, and smarter than your competition.
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