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KOTEX GOD OF BLOOD posted:why not lease the real estate to someone else who can take these risks instead of you This. Or take someone on as a business partner who has run a food business before. There is a huge huge learning curve and 75k isn't enough of a runway for you to learn everything yourself.
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Oct 3, 2022 19:03
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| # ¿ May 10, 2024 16:56 |
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Rationale posted:Worst-case scenario I’m right back where I am now. How certain are you this is the worst case scenario? Do you have an IRL friend(not your wife) you can tell all this to and get an honest opinion?
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Oct 10, 2022 16:59
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Rationale posted:If I open and operate with cash money then yeah, the worst that can happen is it fails and I close and take donuts to every party I attend for the rest of my life. The dire warnings I’ve been getting are like “it’s a lot of work” and “you have to use commercial equipment “ which both go without saying really. I posted this and forgot about it, 33 pages later and good lord this thread is good. Thank you for your updates OP, don't stop! Let me rephrase the question. Once you open and are maybe two weeks in and run out of cash, what are you going to do? Close after just two weeks? Or will you convince yourself to maybe dig into your savings "just for a bit" in order to "give the business a chance"? What is the hard line where you will agree to abandon the donut idea and move onto something else? Are you emotionally/mentally capable of walking away once you run out of cash in the short term? I also noticed you are doing this to "spend more time with your kids" What would enable you to have more family time: A food business which requires someone(you mostly) to be there 12-18 hours a day for the first 2-6 months(incredibly optimistic here, most likely much longer) OR passive income from a rental property? GoodluckJonathan fucked around with this message at 19:07 on Nov 21, 2022 |
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Nov 21, 2022 18:44
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Still waiting to hear what is the plan for when you run out of cash a month or two in. Is the odyssey over? What is the "fail state" of the concern?
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Nov 26, 2022 18:41
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Giraffe posted:Sweet Pea is a terrible name. Luckily, I don’t think it will decrease your chances for success, as they are already quite firmly at zero. The donuts matter, the service matters, the efficiency & consistency of the business and who you hire matters. Call yourself sweet pea, asparagus, or The Planet Uranus it wont make a difference.
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Dec 5, 2022 19:52
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CarForumPoster posted:It makes a huge difference for helping people discover your business. Word of mouth is important but so is showing up when people search yelp or Google for donuts or coffee. If your business account is tagged as a cafe youll show up.
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Dec 5, 2022 22:01
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Its a shame OP went from posting actual updates to just shitposting 
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Dec 15, 2022 21:56
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The plumbing thing sounds good OP.
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Dec 17, 2022 23:09
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Why you wanna be rich so bad? Anyway, coffee and donuts ain't gonna do it.
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Apr 3, 2023 01:50
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Rating this thread get help/5
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May 30, 2023 13:28
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| # ¿ May 10, 2024 16:56 |
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Rationale posted:Simple isn’t always easy Fair enough. So you'll be making donuts every day?
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Jun 2, 2023 01:51
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