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.
If you aren't a baker, you might have to spend a lot of time testing recipes and learning the techniques necessary to become proficient in the kitchen. You avoid that step when you decide to purchase goods ready made. You could spend that time working in the shop of a mentor, who has become successful in the small business world, and is willing to share with you what he or she has learned.
It is unrealistic to think you can go into business without any capital. You will have to find money somewhere and friends and family are usually a good place to start looking. You could offer them the opportunity to become an active partner or remain a silent one. Your other option is to go to the bank with a realistic business plan and fill out a loan application.
If money is tight, you might consider opening a take out shop instead of an eat in restaurant. That way you can save a lot of money on decor and furniture. You won't need as many employees either. The rent will be more expensive, but it might be worth if you set up shop in a mall, near a school, or in some other high traffic area. You'll get noticed and have more potential customers.
You have to consider offering more than just bagels in your shop. Customers will buy coffee, tea, and juice to wash their breakfasts down, and you will make more money. A vintage cooler or refrigerator filled with jellies, jams, cream cheese, and other sweets will probably be a hit with customers as well.
It would be nice if you could just open your doors and stand back and let the customers stream in, but things don't usually happen that way. You might hate to spend the money, but you will need an aggressive marketing campaign to get out the word that you are in business. A fantastic website is essential. Offering discounts, coupons, door prizes, and anything else that gets people in the door are investments you will have to make.
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 isn't easy to start a small business. It's even harder to make a success of it. The willingness to work hard and long every day and having a great product, smart marketing, a prime location, and lots of luck are all you need.
If you aren't a baker, you might have to spend a lot of time testing recipes and learning the techniques necessary to become proficient in the kitchen. You avoid that step when you decide to purchase goods ready made. You could spend that time working in the shop of a mentor, who has become successful in the small business world, and is willing to share with you what he or she has learned.
It is unrealistic to think you can go into business without any capital. You will have to find money somewhere and friends and family are usually a good place to start looking. You could offer them the opportunity to become an active partner or remain a silent one. Your other option is to go to the bank with a realistic business plan and fill out a loan application.
If money is tight, you might consider opening a take out shop instead of an eat in restaurant. That way you can save a lot of money on decor and furniture. You won't need as many employees either. The rent will be more expensive, but it might be worth if you set up shop in a mall, near a school, or in some other high traffic area. You'll get noticed and have more potential customers.
You have to consider offering more than just bagels in your shop. Customers will buy coffee, tea, and juice to wash their breakfasts down, and you will make more money. A vintage cooler or refrigerator filled with jellies, jams, cream cheese, and other sweets will probably be a hit with customers as well.
It would be nice if you could just open your doors and stand back and let the customers stream in, but things don't usually happen that way. You might hate to spend the money, but you will need an aggressive marketing campaign to get out the word that you are in business. A fantastic website is essential. Offering discounts, coupons, door prizes, and anything else that gets people in the door are investments you will have to make.
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 isn't easy to start a small business. It's even harder to make a success of it. The willingness to work hard and long every day and having a great product, smart marketing, a prime location, and lots of luck are all you need.
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