ByTheBeach
PARKED
OK, so.
Being bored of city living I’ve decided to relocate to a seaside resort (in Europe) for the summer.
During this time I have to write a book .. not related to the sea, beaches or anything remotely close.
I figure it is a good opportunity to try and develop a business while there.
Over the last 10 years I’ve stared maybe half a dozen successful (and about four dozen unsuccessful) business concepts but I want to do this differently.
I’d like to go and start from scratch.
Here’s the scenario
Resources:
$2000ish but that has to cover living costs (except rent)
Reasonably good local contacts with bar/restaurant owners, galleries etc.
Cheap staff, if needed (around $20-$30/day for English-speaking.. attractive, staff)
Costs:
Few – no rent, just food and entertainment
Setting:
A very popular resort with around 2.5million visitors over the summer period.
Visitors are mainly a mix of British, German, Russian and Swedish.
It is a budget –to-mid-market resort with 8 miles of beach in the modern
resort area which consists of around 150 hotels, 100 restaurants and 100 bars/clubs
And next door, a historic old town which used to be a separate island but has long been connected to the mainland.
It has smaller, more boutique hotels, bars and restaurants.
In both cases, the hotels and bars struggle to make huge revenues as many tourists come on an all-inclusive basis and so just get wasted in their hotels. At the same time few hotels are huge.
From a business perspective, there are few barriers to entry in pretty much every genre of enterprise you can think of.
My Challenge:
To set up a business using the resources available able to draw revenue pretty much from the start.
Here are my thoughts on the business:
- It must be fun! I’m reasonably young (mid-20’s) so I want to enjoy it
- It should have a high margin. I’m thinking something with a high value-added element
- The business should not simply re-sell other products. I don’t see the value in setting up a coke stand
- The concept should be entirely funded by this small pot
- There should be a real growth potential and an opportunity to make
a significant amount of revenue while I’m there (around 10-12 weeks in total start to finish)
- Ideally would like the concept to somehow develop or promote local businesses
- Alternatively I’m thinking something targeting the hotels would be good
- Practicality has to be a consideration. A wholesale boulder business is unlikely to be a winner
Your Challenge (if you care):
To help me make the concept before I get there (June 5th). This could be an interesting collaborative thing bringing a lot of different ideas and experiences together.
Then, when we decide on a solid concept I will go for it and try to make it a reality.
All along I will keep you updated on the progress and look at more ideas for expanding and growing.
So that’s pretty much it. Perhaps the best way to start is by you all asking any questions you may have, maybe to see more specifically what I would like to do or the setting etc.
I leave it to you to see if this has legs
BTB
Being bored of city living I’ve decided to relocate to a seaside resort (in Europe) for the summer.
During this time I have to write a book .. not related to the sea, beaches or anything remotely close.
I figure it is a good opportunity to try and develop a business while there.
Over the last 10 years I’ve stared maybe half a dozen successful (and about four dozen unsuccessful) business concepts but I want to do this differently.
I’d like to go and start from scratch.
Here’s the scenario
Resources:
$2000ish but that has to cover living costs (except rent)
Reasonably good local contacts with bar/restaurant owners, galleries etc.
Cheap staff, if needed (around $20-$30/day for English-speaking.. attractive, staff)
Costs:
Few – no rent, just food and entertainment
Setting:
A very popular resort with around 2.5million visitors over the summer period.
Visitors are mainly a mix of British, German, Russian and Swedish.
It is a budget –to-mid-market resort with 8 miles of beach in the modern
resort area which consists of around 150 hotels, 100 restaurants and 100 bars/clubs
And next door, a historic old town which used to be a separate island but has long been connected to the mainland.
It has smaller, more boutique hotels, bars and restaurants.
In both cases, the hotels and bars struggle to make huge revenues as many tourists come on an all-inclusive basis and so just get wasted in their hotels. At the same time few hotels are huge.
From a business perspective, there are few barriers to entry in pretty much every genre of enterprise you can think of.
My Challenge:
To set up a business using the resources available able to draw revenue pretty much from the start.
Here are my thoughts on the business:
- It must be fun! I’m reasonably young (mid-20’s) so I want to enjoy it
- It should have a high margin. I’m thinking something with a high value-added element
- The business should not simply re-sell other products. I don’t see the value in setting up a coke stand
- The concept should be entirely funded by this small pot
- There should be a real growth potential and an opportunity to make
a significant amount of revenue while I’m there (around 10-12 weeks in total start to finish)
- Ideally would like the concept to somehow develop or promote local businesses
- Alternatively I’m thinking something targeting the hotels would be good
- Practicality has to be a consideration. A wholesale boulder business is unlikely to be a winner
Your Challenge (if you care):
To help me make the concept before I get there (June 5th). This could be an interesting collaborative thing bringing a lot of different ideas and experiences together.
Then, when we decide on a solid concept I will go for it and try to make it a reality.
All along I will keep you updated on the progress and look at more ideas for expanding and growing.
So that’s pretty much it. Perhaps the best way to start is by you all asking any questions you may have, maybe to see more specifically what I would like to do or the setting etc.
I leave it to you to see if this has legs
BTB
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