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Topic: 2000-4000 BTC loan - Hookah Lounge - page 4. (Read 29061 times)

legendary
Activity: 1134
Merit: 1002
You cannot kill love
September 11, 2012, 12:28:48 AM
So what are the local regulations?  Are you allowed to expand into food or beverages if you so desire or not?  Is there any talk in your state of increasing regulations?  Is a new smoking regulation why the other hookah lounge went to food service only?
Yes, we can serve food and drinks if we choose to.  The other hookah lounge is taking a temporary break from hookah, they operated with both before and probably will in the future.
full member
Activity: 182
Merit: 100
Look upon me, BitcoinTalk, for I...am...Rarity!
September 10, 2012, 11:57:41 PM
So what are the local regulations?  Are you allowed to expand into food or beverages if you so desire or not?  Is there any talk in your state of increasing regulations?  Is a new smoking regulation why the other hookah lounge went to food service only?
legendary
Activity: 1134
Merit: 1002
You cannot kill love
September 10, 2012, 11:06:58 PM
I don't think a state, for instance, is overly specific.  It determines a lot about the form and viability of the business.  Take a look at all the different laws out there:

http://en.wikipedia.org/wiki/List_of_smoking_bans_in_the_United_States

In a state like North Carolina you could open a hookah lounge but not be able to serve food.

Quote
Statewide ban on smoking in bars, restaurants, and some other workplaces: On January 2, 2010, after being signed into law by Governor Bev Perdue on May 19, 2009, North Carolina Session Law 2009-27 went into effect, banning smoking statewide in all bars and restaurants in North Carolina, as well as in government buildings and vehicles.[271] The law exempts cigar bars, private clubs that are not-for-profit (including country clubs), designated hotel/motel smoking areas, and medical research facilities studying tobacco.[271] The law generally allows local governments to regulate smoking more strictly beginning July 5, 2009 (as long as it is approved by the county, too), but preempts local governments from regulating smoking in cigar bars, retail tobacco shops, tobacco manufacturer facilities, designated hotel/motel smoking rooms, private clubs (including country clubs), theatrical productions involving smoking, private residences, or private vehicles.[271]

In a state like Wyoming it would be no problem.

Quote
No statewide smoking ban. Instead, Wyoming state law only prohibits smoking where it could cause an explosion[380][381][382] and in underground mines.[383] Wyoming has no state laws concerning indoor smoking in general, and thus local governments can regulate general indoor smoking as they see fit. As of April 2009, five cities in Wyoming have enacted local smoking bans, all covering all bars and restaurants, but varying otherwise.[4] In February 2009, a bill before the Wyoming Legislature that would have enacted a statewide ban on smoking in all enclosed workplaces, except in private offices and in bars and restaurants serving only patrons over 21 years of age (and except in any local community that chose to opt out) failed when it was passed by the Wyoming House of Representatives in a vote of 31–29 but then was denied a committee hearing in the Wyoming Senate.[384]

Whereas in a state like Wisconsin you would not be able to do it at all.

Quote
Statewide smoking ban: On July 5, 2010, after being signed into law by Governor Jim Doyle on May 18, 2009, S.B. 181 (2009 Wisconsin Act 12) took effect, banning smoking statewide in all enclosed workplaces in Wisconsin, including all bars, restaurants, lodging establishments, and private clubs, as well as within a "reasonable distance" outdoors from any such place, except in bar/restaurant outdoor patios.[378] The Act exempts only cigar bars or retail tobacco stores already in existence, private residences, and rooms in nursing homes in which the occupants agree to allow smoking;[378] it does not cover casinos run by Native American tribes, as those casinos are in the tribes' sovereign territory. Local governments are preempted from regulating smoking more strictly than the Act.[378] Prior to this law taking effect, several localities in Wisconsin had local smoking bans in effect.

And of course any local area may have their own regulations as well.  Hard to determine a level of interest without some general location information.

He didn't ask for a state, he asked for a city.  I'm aware of these regulations and that's why there won't be a problem starting up.
full member
Activity: 182
Merit: 100
Look upon me, BitcoinTalk, for I...am...Rarity!
September 10, 2012, 10:42:38 PM
I don't think a state, for instance, is overly specific.  It determines a lot about the form and viability of the business.  Take a look at all the different laws out there:

http://en.wikipedia.org/wiki/List_of_smoking_bans_in_the_United_States

In a state like North Carolina you could open a hookah lounge but not be able to serve food.

Quote
Statewide ban on smoking in bars, restaurants, and some other workplaces: On January 2, 2010, after being signed into law by Governor Bev Perdue on May 19, 2009, North Carolina Session Law 2009-27 went into effect, banning smoking statewide in all bars and restaurants in North Carolina, as well as in government buildings and vehicles.[271] The law exempts cigar bars, private clubs that are not-for-profit (including country clubs), designated hotel/motel smoking areas, and medical research facilities studying tobacco.[271] The law generally allows local governments to regulate smoking more strictly beginning July 5, 2009 (as long as it is approved by the county, too), but preempts local governments from regulating smoking in cigar bars, retail tobacco shops, tobacco manufacturer facilities, designated hotel/motel smoking rooms, private clubs (including country clubs), theatrical productions involving smoking, private residences, or private vehicles.[271]

In a state like Wyoming it would be no problem.

Quote
No statewide smoking ban. Instead, Wyoming state law only prohibits smoking where it could cause an explosion[380][381][382] and in underground mines.[383] Wyoming has no state laws concerning indoor smoking in general, and thus local governments can regulate general indoor smoking as they see fit. As of April 2009, five cities in Wyoming have enacted local smoking bans, all covering all bars and restaurants, but varying otherwise.[4] In February 2009, a bill before the Wyoming Legislature that would have enacted a statewide ban on smoking in all enclosed workplaces, except in private offices and in bars and restaurants serving only patrons over 21 years of age (and except in any local community that chose to opt out) failed when it was passed by the Wyoming House of Representatives in a vote of 31–29 but then was denied a committee hearing in the Wyoming Senate.[384]

Whereas in a state like Wisconsin you would not be able to do it at all.

Quote
Statewide smoking ban: On July 5, 2010, after being signed into law by Governor Jim Doyle on May 18, 2009, S.B. 181 (2009 Wisconsin Act 12) took effect, banning smoking statewide in all enclosed workplaces in Wisconsin, including all bars, restaurants, lodging establishments, and private clubs, as well as within a "reasonable distance" outdoors from any such place, except in bar/restaurant outdoor patios.[378] The Act exempts only cigar bars or retail tobacco stores already in existence, private residences, and rooms in nursing homes in which the occupants agree to allow smoking;[378] it does not cover casinos run by Native American tribes, as those casinos are in the tribes' sovereign territory. Local governments are preempted from regulating smoking more strictly than the Act.[378] Prior to this law taking effect, several localities in Wisconsin had local smoking bans in effect.

And of course any local area may have their own regulations as well.  Hard to determine a level of interest without some general location information.
legendary
Activity: 1134
Merit: 1002
You cannot kill love
September 10, 2012, 09:20:44 PM
I'm taking it bitcoinbear is not interested in investing, so why would I share that with him?  I have no problem talking details with people who are really interested.

Presumably, anybody who would invest is reading this thread. I assume this information would be useful to them. Therefore, I asked you so you could disclose it so they could see it. Plus I was curious.
I prefer to talk about specifics off a public forum.  The Internet's a scary place.
hero member
Activity: 518
Merit: 500
September 10, 2012, 09:06:41 PM
I'm taking it bitcoinbear is not interested in investing, so why would I share that with him?  I have no problem talking details with people who are really interested.

Presumably, anybody who would invest is reading this thread. I assume this information would be useful to them. Therefore, I asked you so you could disclose it so they could see it. Plus I was curious.
legendary
Activity: 1134
Merit: 1002
You cannot kill love
September 10, 2012, 09:02:58 PM
Quote
Making up numbers?  Would you like to review my spreadsheet and tell me what's made up about it?


Yes, I would.  Post or PM a dropbox or google docs link. 
Will PM.

Out of curiosity, which city are you setting this up in?
I'd prefer not to disclose to non-investors at this time.

Seems like information anyone will be asking for before investing.
I'm taking it bitcoinbear is not interested in investing, so why would I share that with him?  I have no problem talking details with people who are really interested.

Out of curiosity, which city are you setting this up in?
I'd prefer not to disclose to non-investors at this time.

Seems like information anyone will be asking for before investing.

Right. How is anybody going to invest if you will not even share simple things like where it is, let alone important information like your identity?
See comment to Rarity.
hero member
Activity: 518
Merit: 500
September 10, 2012, 08:57:34 PM
Out of curiosity, which city are you setting this up in?
I'd prefer not to disclose to non-investors at this time.

Seems like information anyone will be asking for before investing.

Right. How is anybody going to invest if you will not even share simple things like where it is, let alone important information like your identity?
full member
Activity: 182
Merit: 100
Look upon me, BitcoinTalk, for I...am...Rarity!
September 10, 2012, 08:51:39 PM
Out of curiosity, which city are you setting this up in?
I'd prefer not to disclose to non-investors at this time.

Seems like information anyone will be asking for before investing.
sr. member
Activity: 275
Merit: 250
September 10, 2012, 08:45:36 PM
Quote
Making up numbers?  Would you like to review my spreadsheet and tell me what's made up about it?


Yes, I would.  Post or PM a dropbox or google docs link. 
legendary
Activity: 1134
Merit: 1002
You cannot kill love
September 10, 2012, 08:38:56 PM
Out of curiosity, which city are you setting this up in?
I'd prefer not to disclose to non-investors at this time.
hero member
Activity: 518
Merit: 500
September 10, 2012, 08:29:44 PM
Out of curiosity, which city are you setting this up in?
legendary
Activity: 1134
Merit: 1002
You cannot kill love
September 10, 2012, 08:24:41 PM
Hey Dank, you should shadow some Hookah bar owners/managers in nearby towns and buddy up to them. 

He would, but he's busy not having a job, making up numbers for spreadsheets, and asking for handouts.  Plus, he'd probably have to ask his folks for a ride.  There's really no sense in doing something that would give him real world knowledge of the business that he wants to start. 
Making up numbers?  Would you like to review my spreadsheet and tell me what's made up about it?

I have real world knowledge regarding hookah.  I've smoked at hookah bars, I have a hookah sitting right in front of me.

I've run plenty of web based businesses, I know how it works, don't tell me I'm incompetent because I haven't done it the way you want.

There's no sense in waiting around when I have the opportunity to maximize profit now.  You're missing that part.
hero member
Activity: 518
Merit: 500
September 10, 2012, 08:22:23 PM
Why not get the loan from the Bank of Dank? Do they think it is too high risk?
sr. member
Activity: 275
Merit: 250
September 10, 2012, 08:13:10 PM
Hey Dank, you should shadow some Hookah bar owners/managers in nearby towns and buddy up to them. 

He would, but he's busy not having a job, making up numbers for spreadsheets, and asking for handouts.  Plus, he'd probably have to ask his folks for a ride.  There's really no sense in doing something that would give him real world knowledge of the business that he wants to start. 
legendary
Activity: 1134
Merit: 1002
You cannot kill love
September 10, 2012, 04:38:58 PM
Hey Dank, you should shadow some Hookah bar owners/managers in nearby towns and buddy up to them.  
I would but I don't really have time for that, I'm more of the learn as you go kind of person, anyways.  I'm gonna have this thing up and running this year one way or another.
sr. member
Activity: 457
Merit: 250
Look for the bear necessities!!
September 10, 2012, 04:24:54 PM
Hey Dank, you should shadow some Hookah bar owners/managers in nearby towns and buddy up to them. 
legendary
Activity: 1274
Merit: 1004
September 10, 2012, 11:52:58 AM
Dank, don't listen to people saying that you need to go out and work in the industry before actually starting a business. If this is something you want, go ahead and do it.



Yeah, why on Earth would anyone need any experience in the industry in which they want to start a new business? The thing is, he is not doing anything.  He is asking for a handout.  He believes that his 7th grade business education and a few hours spent making up numbers on a spreadsheet based on nothing but his own intuition is worth someone forking over $40k.  No one with that sort of money invests in delusional children.  Well, he actually might find an investor a mark on this forum seeing as how there are many fools here asking to be departed from their coin.

I never said he was. I was merely refuting the conjecture that he should go get some shitty job in the industry the earn his dues before opening a business. It seems you might have missed the rest of my post where I said that his current prep work is inadequate, that he needs to put serious work into a real business plan, and that even then this is likely to fail.

I like the Dank show even for all the shit I give him for his crazy ideas. It would shock me if actually succeeded in his goals, but I'd be happy to see it if he did. Sure no one here's going to give him $50k, but if he can get enough together to start this up it would be a great learning experience for him.
legendary
Activity: 1134
Merit: 1002
You cannot kill love
September 10, 2012, 11:40:41 AM
Dank, don't listen to people saying that you need to go out and work in the industry before actually starting a business. If this is something you want, go ahead and do it.



Yeah, why on Earth would anyone need any experience in the industry in which they want to start a new business? The thing is, he is not doing anything.  He is asking for a handout.  He believes that his 7th grade business education and a few hours spent making up numbers on a spreadsheet based on nothing but his own intuition is worth someone forking over $40k.  No one with that sort of money invests in delusional children.  Well, he actually might find an investor a mark on this forum seeing as how there are many fools here asking to be departed from their coin.
I'm asking for a loan which I'll pay back at a fairly high interest rate, you call that a handout?  It's really not that complicated, you start the business and you run it.  Can I tell you what I'll be doing at this time each day when I have the hookah lounge running?  No, because I live in the moment and that's how you get shit done.

Also, this is an opportuity I have now.  There are no hookah bars in my city, now.  If I sit around for two years, guess what, there might be another hookah bar.  If I take this opportunity I have now, I will be able to establish myself with the entire city as they will have nowhere else to go.  I'll be most successful if this happens now.

By the way, I've spent over 24 hours gathering info and developing that spreadsheet, I've been working on it most of each day over the weekend.

I'm not a child, I'm a young adult becoming a man and if I've learned anything, the most important part of becoming a man is to get shit done, which I've been doing a lot of.  Where is the delusion in this?  Is it because my spreadsheet doesn't really exist?  Or do you really think no 18 year old has ever manifested creative business ideas into reality, successfully?
sr. member
Activity: 275
Merit: 250
September 10, 2012, 11:06:11 AM
Dank, don't listen to people saying that you need to go out and work in the industry before actually starting a business. If this is something you want, go ahead and do it.



Yeah, why on Earth would anyone need any experience in the industry in which they want to start a new business? The thing is, he is not doing anything.  He is asking for a handout.  He believes that his 7th grade business education and a few hours spent making up numbers on a spreadsheet based on nothing but his own intuition is worth someone forking over $40k.  No one with that sort of money invests in delusional children.  Well, he actually might find an investor a mark on this forum seeing as how there are many fools here asking to be departed from their coin.
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