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.
There is no law that says you have to be a baker and offer customers goods you make yourself, especially if you don't know anything about baking. It might take a long time to find really good recipes and learn how to perfect them. Instead you could spend the time with a mentor who is a successful, retail business person and doesn't mind showing you how to become one yourself.
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.
One way to save money when you are just starting out, is to open a take out shop. You'll be saving money on tables and chairs, and waiters as well. If your shop takes off, you could add sidewalk dining. Renting space in malls and close to schools can be pricey, but worth it because of the high foot traffic.
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.
Unfortunately you can't just open your shop doors and wait for the customers to find you. Aggressive advertising and marketing are the only ways to get the word out about your shop and what you are offering. You will have to create a great website, preferably one that is interactive. You can offer coupons, discounts, prizes, and anything else you can think of that will get foot traffic into your shop.
Even though you're not baking the bagels from scratch yourself, you can always keep batches warming in your oven. Not only will you have a fresh product to offer your customers, the aroma will entice passers by into your shop. With a little, light background music and an easel outside the door advertising daily specials, your shop should stay busy.
It is a fact that most small businesses fail. You don't have to be part of that statistic however. Working hard, smart, and offering a unique product in the right location will give you an edge.
There is no law that says you have to be a baker and offer customers goods you make yourself, especially if you don't know anything about baking. It might take a long time to find really good recipes and learn how to perfect them. Instead you could spend the time with a mentor who is a successful, retail business person and doesn't mind showing you how to become one yourself.
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.
One way to save money when you are just starting out, is to open a take out shop. You'll be saving money on tables and chairs, and waiters as well. If your shop takes off, you could add sidewalk dining. Renting space in malls and close to schools can be pricey, but worth it because of the high foot traffic.
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.
Unfortunately you can't just open your shop doors and wait for the customers to find you. Aggressive advertising and marketing are the only ways to get the word out about your shop and what you are offering. You will have to create a great website, preferably one that is interactive. You can offer coupons, discounts, prizes, and anything else you can think of that will get foot traffic into your shop.
Even though you're not baking the bagels from scratch yourself, you can always keep batches warming in your oven. Not only will you have a fresh product to offer your customers, the aroma will entice passers by into your shop. With a little, light background music and an easel outside the door advertising daily specials, your shop should stay busy.
It is a fact that most small businesses fail. You don't have to be part of that statistic however. Working hard, smart, and offering a unique product in the right location will give you an edge.
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