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Old 06-27-2019, 10:36 AM
 
358 posts, read 599,000 times
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I would never consider opening a pizza place, restaurant or any food service facility. Too many headaches with health inspection, employee turnover, long hours, etc. Consider starting a service business as a side hustle that you can work up to full time to replace your current income.
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Old 06-27-2019, 03:26 PM
Status: "Third Year School Teacher" (set 2 days ago)
 
Location: Shreveport, LA
1,430 posts, read 1,126,162 times
Reputation: 770
Quote:
Originally Posted by sideman View Post
I would never consider opening a pizza place, restaurant or any food service facility. Too many headaches with health inspection, employee turnover, long hours, etc. Consider starting a service business as a side hustle that you can work up to full time to replace your current income.
My mother has run several of those, but always with a business partner. I’m unsure how I’d run something like that solo.
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Old 06-29-2019, 05:02 PM
 
358 posts, read 599,000 times
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Originally Posted by Magic Qwan View Post
My mother has run several of those, but always with a business partner. I’m unsure how I’d run something like that solo.
I had partners for several years and after many disagreements we finally just decided to separate the bricks and mortar locations and move on. I then soloed for over 27 years. Almost lost my shirt three times, but was determined to show that I could carry on alone. After selling out two years ago I've partnered up with one of my old employees, something I swore I'd never do again after being on my own so long. Now after a year I have my days when I think I should've listened to my gut feelings to never go into business with anyone again. But just because I haven't had the best luck doesn't mean you will too. Just make sure you go into a partnership with eyes wide open and a good lawyer to advise you.
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Old 06-29-2019, 05:06 PM
 
Location: Texas
13,008 posts, read 5,331,028 times
Reputation: 25144
Sbarro serves salads and the typical Wal Mart customer doesn't eat salad. You'd have more success opening a restaurant at Wal Mart that serves mostly fried foods.
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Old 06-29-2019, 06:41 PM
Status: "Third Year School Teacher" (set 2 days ago)
 
Location: Shreveport, LA
1,430 posts, read 1,126,162 times
Reputation: 770
Quote:
Originally Posted by sideman View Post
I had partners for several years and after many disagreements we finally just decided to separate the bricks and mortar locations and move on. I then soloed for over 27 years. Almost lost my shirt three times, but was determined to show that I could carry on alone. After selling out two years ago I've partnered up with one of my old employees, something I swore I'd never do again after being on my own so long. Now after a year I have my days when I think I should've listened to my gut feelings to never go into business with anyone again. But just because I haven't had the best luck doesn't mean you will too. Just make sure you go into a partnership with eyes wide open and a good lawyer to advise you.
It probably helped her she was married to her business partner.

Honestly, my approach to business will be getting certified in something with a high barrier to entry so I can set up a shingle in a niche that has little competition and where there is a shortage. The shortage of psychiatrists is so horrible here that that route is becoming more attractive the more I think about it. It's so bad that a psychiatrist here can charge 175 dollars a visit and still have a waiting list over a year long for people trying to get help. I'd likely adopt a concierge model where I had a number of psychiatric outpatients on retainer and I'd provide premium personalized service for those people. I'm surprised the shortage has been this bad this long. I'll still save for 4 years of living expenses so I'm not borrowing versus living expenses, but the demand for psychiatrists is so high, I could probably pay off a student loan for med school in a few years assuming I don't throw living expenses on top of the loan principle. I'm nervous to pull the trigger, though. I'd need to complete a postbaccalaureate programs and get accepted into a med school, preferably one close to my house, and saving enough to not work for 4 years will be daunting, at least saving that much within the next 8 years or so.

The funny part here is to start this business, I almost need to start another business to pay the initial overhead, but that's the point--I'm doing what nobody else wants to do and I'll be well paid for it.

I have time to think about it while I save money, at any rate.

I've heard rumors of a "pay as you go" 20 year loan that takes 10% of your pay, thus reducing the risk of default, but I'd still want to pay off my house first since I will either be living in it during med school or renting it out and putting a property manager in charge of it to produce income for other living arrangements if I don't get into the close school.

The close school doesn't offer a joint MA in counseling and MD, which is a shame, since I'm envisioning doing both psychotherapy as well as prescribing psychotropics as needed for each individual patient.





I have lots of ideas for making money, its just a matter of saving up from my 3 current jobs so I can invest in a "big idea" instead of just nickel and diming all the time.
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Old 06-30-2019, 05:52 AM
 
Location: Wartrace,TN
6,230 posts, read 9,754,625 times
Reputation: 12270
I realize the O.P. has been dissuaded from a Wal-mart based restaurant but I would like to add this. Our local Wal-mart has had three attempted restaurants and none of them made it including a McDonalds. The latest one is an overpriced burger place "Wayback burgers" and it won't be long til they close.

This is in a town of 25 thousand people and a county population of around 45 thousand. I used to go to the Wal-mart during my lunch breaks to shop for things I couldn't get at the grocery stores. I never saw many people in any of the restaurants they've had there. At best you could hope that the wal-mart employees might eat there BUT when you are making 10 bucks an hour it's hard to justify a 10 dollar lunch.

People that are stopping buy to shop have so many other choices nearby. I am amazed at the number of places to eat in this tiny town. Just a quick count on Google maps shows around 50 restaurants in this town or 1 per 500 people in town/ 1 per 900 people in the county. Way too many places for the amount of people.
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Old 02-16-2020, 10:49 AM
 
Location: PA
950 posts, read 490,363 times
Reputation: 1607
Check into to Krispy Krunchy Chicken. Low buy in good business.
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