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.
There is no law that says you have to be a baker and offer customers goods you make yourself, especially if you don't know anything about baking. It might take a long time to find really good recipes and learn how to perfect them. Instead you could spend the time with a mentor who is a successful, retail business person and doesn't mind showing you how to become one yourself.
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.
One way to save money when you are just starting out, is to open a take out shop. You'll be saving money on tables and chairs, and waiters as well. If your shop takes off, you could add sidewalk dining. Renting space in malls and close to schools can be pricey, but worth it because of the high foot traffic.
If all you plan on is offering bagels, you are missing a great opportunity. Selling different varieties of coffees, teas, and juices will add revenue, and these items just naturally go along with other breakfast items. Jellies, jams, cream cheese, and maybe some chocolate in refrigerated units are worth trying.
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.
Just because you're not baking from scratch doesn't mean you should let your oven sit idle. You need to have warm goods available for your customers whenever they walk in. If your door is open, the smell of fresh food will bring people just passing by into your shop. A big chalkboard outside your door advertising specials will slow down passers by.
It is a fact that most small businesses fail. You don't have to be part of that statistic however. Working hard, smart, and offering a unique product in the right location will give you an edge.
There is no law that says you have to be a baker and offer customers goods you make yourself, especially if you don't know anything about baking. It might take a long time to find really good recipes and learn how to perfect them. Instead you could spend the time with a mentor who is a successful, retail business person and doesn't mind showing you how to become one yourself.
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.
One way to save money when you are just starting out, is to open a take out shop. You'll be saving money on tables and chairs, and waiters as well. If your shop takes off, you could add sidewalk dining. Renting space in malls and close to schools can be pricey, but worth it because of the high foot traffic.
If all you plan on is offering bagels, you are missing a great opportunity. Selling different varieties of coffees, teas, and juices will add revenue, and these items just naturally go along with other breakfast items. Jellies, jams, cream cheese, and maybe some chocolate in refrigerated units are worth trying.
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.
Just because you're not baking from scratch doesn't mean you should let your oven sit idle. You need to have warm goods available for your customers whenever they walk in. If your door is open, the smell of fresh food will bring people just passing by into your shop. A big chalkboard outside your door advertising specials will slow down passers by.
It is a fact that most small businesses fail. You don't have to be part of that statistic however. Working hard, smart, and offering a unique product in the right location will give you an edge.
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