- Joined
- Sep 21, 2014
- Messages
- 72
Rep Bank
$405
$405
User Power: 83%
After graduation and a small vacation to my home country, I found out real quickly how useful my degree was for securing a job. I didn't land noting and put out plenty of applications and improved my application skills to the max. I ended up deciding after much talk to partner up with my aunt and open a donut shop. The total capital was 100k and I am in charge of operations and make all decisions about the direction of the business. While the responsibility is high, I always wanted to take the plunge and prove to myself that I'm not a lazy, living of my parents' gamer. Its a 7 day a week job and exactly how it sounds in MJ book.
The greatest Pro's so far
*Already established and profitable
*Have tremendous help from my aunt side of the family in terms of maintenance and any hands-on things that would have come out of pocket.
*I'm allowed to execute any ideas I have about the business as long as I communicate why.
And comes the Con's
*My aunts objective is to give her daughter in law a job so we are overstaffed and were near a break even.
*My motivation levels and execution levels are too sporadic and I have personal highs and lows .
I'm a big believer that I can do anything and in this situation, my main and frontal focus is to increase sales to a point where I can be profitable with my current overhead as well and increase compacity usage of the business.
I'm at an advantage because I come from a donut shop background growing up and most if not 99% of the other owned donut shop in my town are owned and run by my parents' generation and rarely if ever innovate anything.
I so far am just integrating into the donut shop and making my face known,
So far What I've done that has differentiated from other shops (but not yet increased sales or profit as far as I can see)
*Installed POS systems to track sales of individual items
*Introduced a new Kolache into the shop called the meat lover for a hungry class of customer (as well as a small advertising sign for it )
*Asked and listened to customers complaints and adapted some suggestions from customers
In the pipeline
*Creating business cards with free delivery into the area for order over 20(trying to make convenience to customers to overtake competitors)
*Deliver to local churches, Schools (15 just within 5 miles) , and hospitals to make my business known as well as give them freebies (or I've been thinking of giving them 20 dollar gift certificates so that why they can choose what they want and the will come to me when they are in need )
*making picture menu for easy to pick options for customers
*advertise our frappe and other drink items that we make there beyond donuts
I have to say I post because some days I'm so filled with energy to do do do , and others I just want to get home and sleep. I can do all these things its just an energy problem. Any suggestions for fixing that?
The greatest Pro's so far
*Already established and profitable
*Have tremendous help from my aunt side of the family in terms of maintenance and any hands-on things that would have come out of pocket.
*I'm allowed to execute any ideas I have about the business as long as I communicate why.
And comes the Con's
*My aunts objective is to give her daughter in law a job so we are overstaffed and were near a break even.
*My motivation levels and execution levels are too sporadic and I have personal highs and lows .
I'm a big believer that I can do anything and in this situation, my main and frontal focus is to increase sales to a point where I can be profitable with my current overhead as well and increase compacity usage of the business.
I'm at an advantage because I come from a donut shop background growing up and most if not 99% of the other owned donut shop in my town are owned and run by my parents' generation and rarely if ever innovate anything.
I so far am just integrating into the donut shop and making my face known,
So far What I've done that has differentiated from other shops (but not yet increased sales or profit as far as I can see)
*Installed POS systems to track sales of individual items
*Introduced a new Kolache into the shop called the meat lover for a hungry class of customer (as well as a small advertising sign for it )
*Asked and listened to customers complaints and adapted some suggestions from customers
In the pipeline
*Creating business cards with free delivery into the area for order over 20(trying to make convenience to customers to overtake competitors)
*Deliver to local churches, Schools (15 just within 5 miles) , and hospitals to make my business known as well as give them freebies (or I've been thinking of giving them 20 dollar gift certificates so that why they can choose what they want and the will come to me when they are in need )
*making picture menu for easy to pick options for customers
*advertise our frappe and other drink items that we make there beyond donuts
I have to say I post because some days I'm so filled with energy to do do do , and others I just want to get home and sleep. I can do all these things its just an energy problem. Any suggestions for fixing that?
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