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.
That being said, this business is very likely to fail even if you work hard at it. Deepak Chopra "If I will it I'll be successful" bullshit aside, most small service-based businesses fail in the first few years. Even if you had the history here to make people trust you with this kind of money, this would be a fairly high risk investment. You need to get a much more solid plan than a spreadsheet that say X people * $Y/person - rent = profit! if you actually want to start getting a real feel for the business and have them invest. If you're serious, you need to put in some serious legwork before coming around asking for investors. Thinking about what kinds of tips you'll use isn't part of a real business plan.
Good luck with this.
That's how I've always felt, if you want to learn how to do something, you don't watch other people do it, you do it yourself.That being said, this business is very likely to fail even if you work hard at it. Deepak Chopra "If I will it I'll be successful" bullshit aside, most small service-based businesses fail in the first few years. Even if you had the history here to make people trust you with this kind of money, this would be a fairly high risk investment. You need to get a much more solid plan than a spreadsheet that say X people * $Y/person - rent = profit! if you actually want to start getting a real feel for the business and have them invest. If you're serious, you need to put in some serious legwork before coming around asking for investors. Thinking about what kinds of tips you'll use isn't part of a real business plan.
Good luck with this.
The spreadsheet's a little more complex than that, it's 40 lines long so far. Once I talk to my lawyer and get an idea of regulations, licenses and taxes involved, they'll be added to the spreadsheet. I'll probably take business counseling at a local college in the next week or two, as well. Unfortunately, most everything I've ever planned in my life was planned in my head, I'll work to transfer it into a business plan over the next week.
I'm quite confident in this business and don't like waiting when I could be starting it, I hope an investor sees the potential I do.
Thank you.
@RodeoX Awesome.
