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Title: Which start up businesses should be avoided?
Post by: Pepper on September 16, 2007, 01:34:51 AM
Today people are trying to start their own business, but they are unsure of the type of business to open up.  Are there certain start up businesses to avoid? What is the probability these businesses will fail?  I think one of the most difficult businesses to start up is a restaurant.  does anyone agree with me?


Title: Re: Which start up businesses should be avoided?
Post by: lava on November 30, 2007, 05:39:25 PM
The restaurant business is one of the most common businesses that fail.  Where I live there have been several restaurants that opened up near the mall and shopping centers.  Logically, you would think any restaurant that opens up near this location will be successful.  Unfortunately, this is not the case.  I can name several restaurant that have come and gone throughout the years.  The reason for their failure can't be location.  What else could be the reason for their failure?  Any suggestions?


Title: Re: Which start up businesses should be avoided?
Post by: ktweeden on June 04, 2009, 11:44:48 AM
I think that a lot of new restaurants fail because the people opening them don't have enough experience in the industry. The ones that have failed in my area were ran either by a business person, who could handle the finance etc. but was inexperienced in the physical running of the restaurant, or the other way around, where a chef or waiter opens up, but has little knowledge of actually running a business. There are so many aspects of this type of business that I think you need a lot of experience (and quite a lot of luck) to succeed.


Title: Re: Which start up businesses should be avoided?
Post by: Robin Tetley on June 05, 2009, 02:38:43 PM
Restaurants must be so hard to get right. To be a success I mean. Talk about a lot of competition.


Title: Re: Which start up businesses should be avoided?
Post by: Bob on June 10, 2009, 11:01:20 AM
I saw a film a few years ago where somebody tells somebody else something like 80% of new restaurants fail within the first year. I might have the figure wrong but it was a very high percentage.


Title: Re: Which start up businesses should be avoided?
Post by: ktweeden on June 10, 2009, 12:45:55 PM
I've heard something along those lines. Has anyone seen Ramsey's Kitchen Nightmares? That's put me off ever wanting to open a restaurant!


Title: Re: Which start up businesses should be avoided?
Post by: Tomtom on June 11, 2009, 03:45:56 PM
Restaurants are a very tricky business to operate.  It takes a lot of money to operate and there are a lot of overhead expenses that need to be paid. 

If you were to open a restaurant, you might be better off opening a franchise.  They seem easier to run and many people are familiar with the name, prices, and food.


Title: Re: Which start up businesses should be avoided?
Post by: Timber on June 11, 2009, 03:49:21 PM
I have heard when opening a franchise, you get help on how to run the business and get it started.   They provide you with help if anything goes wrong.  However, keep in mind that when you open a franchise, you must pay the owner of the franchise name, such as the founder of Burger King, a certain percentage of your sales.  That's the only down side I can see.


Title: Re: Which start up businesses should be avoided?
Post by: Bob on June 13, 2009, 04:01:17 PM
A franchise is a strange one to me. Personally I wouldn't want to and if I was going into the restaurant business I'd like something a bit more unique.

I guess with a franchise though you get support as you just mentioned. Doing it by yourself would be much harder but much more rewarding if it succeeds.


Title: Re: Which start up businesses should be avoided?
Post by: Robin Tetley on June 15, 2009, 12:06:49 PM
There's an old Odeon Cinema in Nottingham that's been closed for years. It really was a part of my childhood growing up. My idea of a perfect business if I won the lottery (which I don't play) would be to re-open that and show old movies. Though I doubt it would make a profit.


Title: Re: Which start up businesses should be avoided?
Post by: ktweeden on June 15, 2009, 03:17:38 PM
That sounds like a really cool idea! I wish cinemas would play old movies, even if it was just once a week, because there are so many films that I either missed at the cinema or wasn't alive at the time that I'd love to see on the big screen.


Title: Re: Which start up businesses should be avoided?
Post by: Spinner on June 15, 2009, 05:05:50 PM
I have a friend that opened a theater.  They perform plays, such as Hamlet and Romeo & Juliet.  He really enjoys it, but he's not making a lot of money.  I think he took a second job to help pay for the expenses.


Title: Re: Which start up businesses should be avoided?
Post by: Robin Tetley on June 17, 2009, 12:54:08 PM
Something like this would certainly be a thing of passion rather than a thing of profit. If only I could afford it. I show a variety of movies and on a Sunday double and triple bill specials. Happy dreams.


Title: Re: Which start up businesses should be avoided?
Post by: Bob on June 23, 2009, 12:57:45 PM
Sounds good. An old school cinema theatre would be great. Especially in these days of loads of films and many of them not being any good. I'm sure they make lots more movies than they used to when I was a kid.


Title: Re: Which start up businesses should be avoided?
Post by: Robin Tetley on June 24, 2009, 05:25:56 PM
I agree when I was young films seemed to be on at the cinema for weeks. Now if you don't catch it within a week or many of them are gone.


Title: Re: Which start up businesses should be avoided?
Post by: ktweeden on June 26, 2009, 12:20:46 AM
I know what you mean. The other month I saw an advert for a film that was coming out that I wanted to see and then what seemed like a couple of weeks later it was in the DVD shop. Maybe it just didn't do well at its opening, but even the good ones seem to come out on dvd so quickly. Maybe it's because of a drop in the amount of people going to the cinemas or something.


Title: Re: Which start up businesses should be avoided?
Post by: Robin Tetley on June 26, 2009, 05:47:13 PM
Yeh perhaps. Also maybe DVD sales are actually projected and included in the process of making a movie. Of course this must be the case but most people don't think about that. Plus TV channels like Sky Box Office or whatever. They must have to pay a wedge to the studios.


Title: Re: Which start up businesses should be avoided?
Post by: Malcolm on June 30, 2009, 05:49:09 PM
I think TV viewing costs would be included in the overall profitability of a movie. DVD sales too.


Title: Re: Which start up businesses should be avoided?
Post by: Bob on July 03, 2009, 07:34:41 PM
Has anybody here seen Entourage?


Title: Re: Which start up businesses should be avoided?
Post by: Malcolm on July 04, 2009, 06:39:54 PM
Great show.


Title: Re: Which start up businesses should be avoided?
Post by: Robin Tetley on July 07, 2009, 02:43:18 PM
Obama said recently on the NBC special from inside the White House that this was his favourite show. That's an endorsement.


Title: Re: Which start up businesses should be avoided?
Post by: Bob on July 08, 2009, 02:32:36 PM
It's a great show. I'd rec it to everyone here.