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Catering, Vending and Cooking For The Masses. this forum is OnTopic. A resource to help with catering, vending and just cooking for large parties. Topics to include Getting Started, Ethics, Marketing, Catering resources, Formulas and recipes for cooking for large groups. |
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09-14-2010, 02:02 PM | #61 | ||
Full Fledged Farker
Join Date: 10-30-09
Location: Roxbury,NY
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My apologies, Ray. No attack was intended & I apologize for the misunderstanding. When I read your posts, it appeared to me you were advising against starting out with a small manageable business with low debt & overhead.
That's what I got when I read the following: Quote:
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Perhaps instead of a series of negative "NOPE DON'T DO IT" posts you could provide some real tangible constructive advice to the original poster in this thread. Share that 35 years of experience & knowledge to help him avoid the pitfalls. Encourage & help someone to start their own successful business - not smack'em down for trying. Way too often threads like this are dominated by negativity like yours. I say it's high time - especially in this economy - we actually try to HELP folks find some way to make a new business work. I'll work up a post on the things I did to start my small, carry out only, limited menu, limited hours joint. I challenge the Dr. & any other business owner reading this to come up with some positive advice to help MariettaSmoker. Any takers?
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Frank Davis Cha Cha Hut BBQ : 43311 Route 28 (corner of Route 28 & County Road 38: Arkville, NY : [URL="http://chachahut.com"]chachahut.com[/URL] Backwoods Pro Jr. Backwoods Competitor busted Backwoods Fatboy Weber 22.5 Kettle some stainless wood fired thing |
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09-14-2010, 02:31 PM | #62 |
is One Chatty Farker
Join Date: 05-09-07
Location: Shreveport, LA
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HERE! HERE! I'd love to read what you did. I'm not up for a career change at the moment. I love doing what I do but I always love learning something new. Can't wait to read your post.
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Checkout our Original BBQ Sauce & Cajun Pickles www.doubledsbbq.com http://www.facebook.com/pages/Double...12864168786570 Stumps Baby Gravity Feed Smoker Backwoods Patio Unit Char Griller Offset for grilling |
09-14-2010, 02:32 PM | #63 |
is One Chatty Farker
Join Date: 05-05-10
Location: Austin - TX
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Funny... when I bought my GF 4 Cooper tires this year, I did not get the babes like you did!
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Brian: Weber: OTG + Lime Performer - - Keeping the Armor On - Eph. 6:11 |
09-14-2010, 02:38 PM | #64 | |
is One Chatty Farker
Join Date: 05-05-10
Location: Austin - TX
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Quote:
Though don't forget.. there is a good deal of positive advice already in the thread too, a good part being yours I think Marietta Smoker's thread here has been helpful and appreciated my many people. Thanks MS for the original idea to ask this question!!!
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Brian: Weber: OTG + Lime Performer - - Keeping the Armor On - Eph. 6:11 |
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09-14-2010, 02:46 PM | #65 | |
is One Chatty Farker
Join Date: 10-26-04
Location: Saint Petersburg, Florida
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Quote:
I don't have time to detail all of this. I'm telling the truth as I know it but once again everybody thinks I did something wrong and it will be different for them. I wish you all lots of luck. I'll be looking for all the success stories to answer your challenge though.
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Ray Lampe Dr. BBQ The Honey Badger of BBQ. I just don't give a sh!t. |
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09-14-2010, 03:36 PM | #66 | |
is Blowin Smoke!
Join Date: 12-14-05
Location: New England
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Quote:
The restaurant I opened about 15 years ago is still running because the financial structure combined with a conservative estimate on the number of nightly covers was enough to cover the nut and drop a reasonable amount of money to the owner/operator. I said no to 4 or 5 scenarios before going with one. I'm looking at some other restaurant ideas right now. I like to start with the P&L Proforma where I simply chart out low, medium, peak number of covers and check average the restaurant could reasonably support. Extend and calculate to estimate yearly sales. Apply 10% Net Income.... long look in the mirror: 1. Can I hit those cover/check average numbers? 2. Will the net income cover my financial needs and my debt service? Strong Yes's and move onto to Cash Flow analysis. If you are not great with numbers hire a financial consultant to develop a plan. You can operate perfectly but if you have a financial boulder on your back you will fail. |
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09-14-2010, 03:47 PM | #67 | |
is One Chatty Farker
Join Date: 05-09-07
Location: Shreveport, LA
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One thing that I ensure to tell my clients is "cash is king". I don't care what a P&L looks like if that balance sheet is filled with debt that has to be serviced every month with large amounts of cash then they need to cut cost, slow down spending and get more aggressive at collecting receivables. I know receivables aren't a big part of the restaurant business but cash flow is.
Most people that venture into opening their own businesses aren't "financial" minded people. They have no clue how to read a set of financials. Yet these same people don't think it is important to spend the money for a financial advisor and never figure out before it's too late as to "where did all the money go?" Quote:
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Checkout our Original BBQ Sauce & Cajun Pickles www.doubledsbbq.com http://www.facebook.com/pages/Double...12864168786570 Stumps Baby Gravity Feed Smoker Backwoods Patio Unit Char Griller Offset for grilling |
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09-14-2010, 03:48 PM | #68 | ||
Full Fledged Farker
Join Date: 10-30-09
Location: Roxbury,NY
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Quote:
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Personally I'M hoping to hear from folks with the time to detail why they believe their business failed. One learns much more from failure than from success. Perhaps the "truth as you know it" might help me or anyone else reading this thread from hitting the same issues you did.
__________________
Frank Davis Cha Cha Hut BBQ : 43311 Route 28 (corner of Route 28 & County Road 38: Arkville, NY : [URL="http://chachahut.com"]chachahut.com[/URL] Backwoods Pro Jr. Backwoods Competitor busted Backwoods Fatboy Weber 22.5 Kettle some stainless wood fired thing |
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09-14-2010, 03:55 PM | #69 | |
is Blowin Smoke!
Join Date: 12-14-05
Location: New England
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Quote:
2. I was suggesting to spend money on a financial advisor BEFORE doing a deal, not after. |
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09-14-2010, 04:13 PM | #70 | |
Quintessential Chatty Farker
Join Date: 12-15-07
Location: England
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Quote:
A fair number of things can go away from the original plan in this sort of business and I as one can tell you if I were to sit and run through them all you would either get very board or the forum would time out on me.lol I am working with very little money, bad weather as normal, bad economy, home made cookers, a busted gazebo,people that think carbonized sausage is BBQ, borrowed tables, and people that smile and lie to your face and those are only a 1/4 of the top crust just wait till I get to the filling. lol
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www.drsweetsmoke.com Slappin that bass like some delerious funky preist!!! UDS, Half Pint (Mini UDS), Weber, ProQ 20, Kegrilla *250 gallon cooker- 'The Meat Beast!!'* British BBQ Championships Grand Champion 2008 ~~~~ British BBQ Society - Southern Championship Grand Champions 2009
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09-14-2010, 04:22 PM | #71 | |
is One Chatty Farker
Join Date: 05-09-07
Location: Shreveport, LA
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I'm not disagreeing with anything you're saying I was giving examples that I see with many of the clients I deal with. They don't understand that gauging cash flow is most important with deciding on whether or not you're going to take out a loan to buy something. I do contract accounting for several small businesses so I'm not there on a day to day basis when they decide to make financia decisions. So I try to educate them as much as I can when it comes time for me to visit them so during the interim they don't go do something that could be fatal to their business.
Quote:
__________________
Checkout our Original BBQ Sauce & Cajun Pickles www.doubledsbbq.com http://www.facebook.com/pages/Double...12864168786570 Stumps Baby Gravity Feed Smoker Backwoods Patio Unit Char Griller Offset for grilling |
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Thanks from:---> |
09-14-2010, 04:26 PM | #72 | |
is One Chatty Farker
Join Date: 05-09-07
Location: Shreveport, LA
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I think the issue is the obvious sarcastic, condescending tone the good doctor has been using. It doesn't come across as someone wanting to help but rather to tear down.
Quote:
__________________
Checkout our Original BBQ Sauce & Cajun Pickles www.doubledsbbq.com http://www.facebook.com/pages/Double...12864168786570 Stumps Baby Gravity Feed Smoker Backwoods Patio Unit Char Griller Offset for grilling |
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09-14-2010, 04:37 PM | #74 | |
is One Chatty Farker
Join Date: 10-26-04
Location: Saint Petersburg, Florida
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Quote:
__________________
Ray Lampe Dr. BBQ The Honey Badger of BBQ. I just don't give a sh!t. |
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09-14-2010, 04:40 PM | #75 |
is One Chatty Farker
Join Date: 10-26-04
Location: Saint Petersburg, Florida
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I've never been much for looking through rose color glasses.
__________________
Ray Lampe Dr. BBQ The Honey Badger of BBQ. I just don't give a sh!t. |
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