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Old 01-12-2010, 11:21 AM   #1
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start your own business

If you were going to start your own business, what would it be? Or, if you already have a business, what is it exactly?
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Old 01-12-2010, 11:26 AM   #2
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Re: start your own business

A car wash supposedly has the quickest up start, meaning ROI is fast.


My dad is kicking around the idea of being a car broker, help folks buy a car at a good price. Seems to be a niche right now.
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Old 01-12-2010, 11:28 AM   #3
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Re: start your own business

Maybe you could start a "Dupe Thread Detector" business (If you could start any business, what would you start?)...that is, if your ego would allow it
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Old 01-12-2010, 11:31 AM   #4
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Re: start your own business

Like most know I have my own Ins. Agency and right now we are doing pretty good. If I was going to start a new business I would probably look into opening a Chick-Fil-A as I know two people who own locations and both do very well. They are rated as one of the best franchises to own and I don't think I have ever seen one that went out of business.
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Old 01-12-2010, 11:31 AM   #5
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Re: start your own business

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Maybe you could start a "Dupe Thread Detector" business (If you could start any business, what would you start?)...that is, if your ego would allow it
ahhh good idea, nobody would use it though, that's been proven.
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Old 01-12-2010, 11:34 AM   #6
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Re: start your own business

I want to start my own Bar/Restaraunt. It's a lot of work and most of them fail in the first couple of years, but if you can get it going they are recession proof.
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Old 01-12-2010, 11:39 AM   #7
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Re: start your own business

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I want to start my own Bar/Restaraunt. It's a lot of work and most of them fail in the first couple of years, but if you can get it going they are recession proof.
I would love to go that route too, but it's definitely a tough biz to break in to.
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Old 01-12-2010, 11:55 AM   #8
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Re: start your own business

I would love to have a sandwich shop along the lines of Potbelly's or Jimmy John's, except not necessarily a franchise, in either a beach or college town.
My buddy and I were talking about this one day and he came up with a great name and slogan for it. I don't want to share it in case any of you vultures try to steal the idea but I will say that we would make a killing on marketing.
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Old 01-12-2010, 11:57 AM   #9
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Re: start your own business

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I would love to go that route too, but it's definitely a tough biz to break in to.
I worked in the Hospitality Industry and even have a degree from Cornell in Hotel Management; let me tell you it is a tough tough business. I worked for Marriott for ten plus years from the kitchen to Revenue Mgmt. When I worked in operations in a slow week I worked 50 hours (all salary employees for Marriott must work a min. of 50 hours) and in a busy week close to 85-90 hours a week. It was pure hell.


Revenue Management saved me and got me into the regular business world, thank god!

Cornell School of Hotel Administration
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Old 01-12-2010, 12:07 PM   #10
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Re: start your own business

My wife's parents were in the restaurant business for several years and my wife has talked about wanting to start her own at some point. But she knows firsthand the challenges involved.
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Old 01-12-2010, 12:09 PM   #11
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Re: start your own business

It all comes down to food cost. Wonder why so many Pizza joints? Easiest start up and the cost of making a pizza is very low. So you can absorb a lot of hits like mistakes, spoilage, folks stealing etc...

If you have a steak house food cost is very high doesn't take much from the above pitfalls to put you in the red really fast.

I think someone on here owns a Pizza type restaurent, I forget who.
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Old 01-12-2010, 12:13 PM   #12
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Re: start your own business

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Originally Posted by SmootSmack View Post
My wife's parents were in the restaurant business for several years and my wife has talked about wanting to start her own at some point. But she knows firsthand the challenges involved.

I still have buddies working in the hotel/restaurent business and you know what seperates them from me. PASSION you must have a passion for this business if you don't yo uwill be miserable really fast!

I had passion in college and when I first started but after about 5 years of it my passion dimmed and it became a job.

Also,you better be a people person becasue you will be dealing with a lot of them.
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Old 01-12-2010, 12:17 PM   #13
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Re: start your own business

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Originally Posted by mredskins View Post
It all comes down to food cost. Wonder why so many Pizza joints? Easiest start up and the cost of making a pizza is very low. So you can absorb a lot of hits like mistakes, spoilage, folks stealing etc...

If you have a steak house food cost is very high doesn't take much from the above pitfalls to put you in the red really fast.

I think someone on here owns a Pizza type restaurent, I forget who.
Slingin Sammy 33 has a place in Va Beach but I don't think its his primary income. I've been wantin to check it out one day for lunch but it seems anytime I'm in that area I'm in a rush.
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Old 01-12-2010, 12:18 PM   #14
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Re: start your own business

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Slingin Sammy 33 has a place in Va Beach but I don't think its his primary income. I've been wantin to check it out one day for lunch but it seems anytime I'm in that area I'm in a rush.

Okay you are right.
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Old 01-12-2010, 12:32 PM   #15
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Re: start your own business

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Originally Posted by ArtMonkDrillz View Post
I would love to have a sandwich shop along the lines of Potbelly's or Jimmy John's, except not necessarily a franchise, in either a beach or college town.
My buddy and I were talking about this one day and he came up with a great name and slogan for it. I don't want to share it in case any of you vultures try to steal the idea but I will say that we would make a killing on marketing.
Hey, we're getting a Jimmy John's right down the road from my house. I had never even heard of it. Is it pretty good?
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