Hey guys, im always hopping around with different ideas and ways to make money but i have a passion for being independent, even since i was really young. I can not imagine working for someone else, i know that being on different paths is a terrible way to go about the fastlane, knowing one thing 100% is better than understanding alittle bit about everything.
Here's my question:
Im about to graduate in one semester from college, i have someone that wants to open up a taco place with me. They will fund all of it, i give them a small percentage of the business. Here is what needs to be done. I must work at a place for 6 months, find out where the food is coming from, how its cooked, evaluate the business 100%, and then open one up in a new location. Im am very good at managing things and people, I in no way have dreams to work at a taco place, but i figure if i do this and then open one up months later i could walk away after a year or 2 and manage employees. Will this hurt my fastlane or speed me into it. Remember i need a steady cash flow before i can truly be an entrepreneur, so right out of school i would start my own place, and if it does well in about 2 years things should be pretty self ran and i can invest money into new projects. I figure its this or go job hunting which i just can't do. I have alot of knowledge in business and real estate, i love both.
I am confident i can run it after learning from the other place. Also, the food is excellent, everyone talks about how good it is. Thank you guys, big decision for me, appreciate any advice. Start up will be about 75k( Have additional capital to pay bills for 12 mo. in case not profiting), a small place, in a populated area, $7-10 per person average, seating for 15, big on delivery. The business model i am looking to emulate is very successful, i know this for a fact, i feel i can do it alot better, marketing, menu, Branding especially. The food is simple, id say 80 percent is bought out of a box or bag and cooked(no difficult foods to just cook, chicken, beef, salsa, gauc, etc... The business menu and model seems so easy to emulate and improve, the rising Hispanic rate i feel this would be such a good direction for me, plus Caucasian population has fallen in love with Mexican food. I know that in the future a business will have to be faceless, demand will not be with Caucasian consumers, which means other races will not use my face to face services as much(sorry but it is true), so a faceless company would be easier to serve a larger consumer base. Thank you again everyone
Here's my question:
Im about to graduate in one semester from college, i have someone that wants to open up a taco place with me. They will fund all of it, i give them a small percentage of the business. Here is what needs to be done. I must work at a place for 6 months, find out where the food is coming from, how its cooked, evaluate the business 100%, and then open one up in a new location. Im am very good at managing things and people, I in no way have dreams to work at a taco place, but i figure if i do this and then open one up months later i could walk away after a year or 2 and manage employees. Will this hurt my fastlane or speed me into it. Remember i need a steady cash flow before i can truly be an entrepreneur, so right out of school i would start my own place, and if it does well in about 2 years things should be pretty self ran and i can invest money into new projects. I figure its this or go job hunting which i just can't do. I have alot of knowledge in business and real estate, i love both.
I am confident i can run it after learning from the other place. Also, the food is excellent, everyone talks about how good it is. Thank you guys, big decision for me, appreciate any advice. Start up will be about 75k( Have additional capital to pay bills for 12 mo. in case not profiting), a small place, in a populated area, $7-10 per person average, seating for 15, big on delivery. The business model i am looking to emulate is very successful, i know this for a fact, i feel i can do it alot better, marketing, menu, Branding especially. The food is simple, id say 80 percent is bought out of a box or bag and cooked(no difficult foods to just cook, chicken, beef, salsa, gauc, etc... The business menu and model seems so easy to emulate and improve, the rising Hispanic rate i feel this would be such a good direction for me, plus Caucasian population has fallen in love with Mexican food. I know that in the future a business will have to be faceless, demand will not be with Caucasian consumers, which means other races will not use my face to face services as much(sorry but it is true), so a faceless company would be easier to serve a larger consumer base. Thank you again everyone
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