/biz/ - Business & Finance

>>737039
If you pursue it with passion you have a fleeting chance.

If not, you're wasting your time and money.

If you truly feels it, then...

>>737280

It just seems like it would be so easy and lucrative, but now that I look into it from a owner's standpoint, everything is so expensive and complicated.

economies of scale
you shouldn't focus on just having one spot. by having multiple spots, you can set up a distribution center and buy your supplies in bulk to get a cheaper price per unit.

>>737429

Well yeah but I obviously can't just jump from zero and start 5 restaurants. Don't I have to start from somewhere?

>>737039
Restaurants have a high rate of failure unless it's a franchise. My Econ teacher in high school told me how his friend started a restaurant and literally lived inside of it because he couldn't afford anything else and was in so much debt

>>737039
Kind of surprised food trucks aren't that big in Vegas. If you do get a food truck you'll have to have some weird food that hipsters would like or try. Then you have weekly gatherings where you along with other food trucks meet up at some local spot. I would suggest going this route or maybe start catering first with or without the food truck then maybe start a restaurant

Watch every single episode of Kitchen Nightmares with Gordon Ramsay. Not only is it entertaining, in my opinion Gordon Ramsay is a superb business man in his field and the restaurants he works with are examples of how the restaurant business can go horribly, horribly wrong.

I'd recommend watching that first, then thinking about it even harder.

IF you've got the passion and experience (crucial, 6 months being a waiter in a diner won't cut it) go for it, otherwise you're better off putting that money into something better.

http://www.youtube.com/watch?v=irOBbBuQg74

First ep of Kitchennightmares. Watch them all. Yes, tv and all, but it's seriously a good idea of what you're going to be getting yourself into.

>>737522

This OP. Google "food trucks in austin, tx." They aren't just roach coaches any more.

East Side Kings
Chilantro
Guac n Roll
...

They just patrol all the software shops around town making shit tonnes of money.

>>737539
>Mentioning and advising to watch Based Ramsay

>>737543
I read Texas is horrible place to grub if you want anything besides greasy carb loaded goodness, true?

>>737544
Prove to me that watching every single episode of Kitchen Nightmares isn't a good primer for working in the hospitality world.

Protip: You can't.

>>737546
THE DRAMA IS REAL
SOURCE
I'VE WASHED A LOT OF DISHES

>>737522

That's exactly what I was thinking about. I saw an episode of bizarre foods on tv and he went to Austin, TX where there are huge food truck meets and parties. The customer base was juts a bunch of hipsters eating all sorts of weird shit from a truck with a funny, catchy name. I mean, the city's official slogan is "keep Austin weird."

This would seem like a good idea, but that just doesn't exist here in Vegas. There are 3 kinds of people here:

>Mexican families where the dad works construction, the mom works housekeeping, and the kids sell drugs at school
>Trash, Ghetto divorce families
>Upper middle class white folks huddled up in summerlin.

I'd like a food truck like the ones in Austin. The ones out here are Mexican food trucks outside of work sites.

>>737522
Probably the best bet. Make a food idea that's scalable and start small food truck, whatever so you get GTFO out of the supremely competitive food industry

>>737488
economies of scale
long-run cost averaging rates are made up of multiple short-runs, which can be seen as opening new stores in the restaurant world.
you obviously shouldn't just immediately start with a bunch of stores, though, you should be looking to expand after you have started generating profit for a while.