Frugal-guy

Normal guy learning the ropes about money and sharing them with everyone. As long as what I say helps one person, it is worth the time. I learned about money the hard way. By losing it. That will not happen again. I hope this helps you. Browse my archive for more useful info. All funds earned and donated from this page go directly to the literature and education of personal finance to members of Crosswalk Church http://www.crosswalkphoenix.com/ Thank you for your time and generosity.

A question…..?

I had a question asked not too long ago.

Maybe some of you can assist them as well….. Please make any productive comments that can assist in their goal.

Thank you,

Richard

I have another idea…

What if I started a small catering type business?
Put out flyers or an ad asking ppl if they need dinner made or small parties… that way I can get “established” like the bank keeps saying needs to be done… then I can reach for our true dream of owning a restaraunt. I would have to get a business license and health permit… perhaps even sherriffs card to let ppl feel a little more safe with me coming into their homes.

Let me know what you think.

My reply……….
Catering……. The main question. What do you want? If catering can answer that and your cooking is really the bomb! By all means go for it. Look at all your factors before you jump in. what will you need to start? How much will supplies cost? How can I reduce those expenses? How much should I charge? Should I cater to every order or have set menus? What should our uniforms look like?And keep asking questions to yourself. Answer everything possible on paper to see the reality of what you are getting into. And remember…… Can I make a profit and feed my family while also supplying the business? Where do I store my supplies? Catering is alot of communication. You need to learn how to sell. Reach out to where the customers needs are. How can I help you today? Listen to their stories and already have a plan of what everything you provide costs. Portfolios of your plates and what you serve will be good. add that to expenses. I can go on and on. But this should start your brainstorming. I am almost debt free and my rental business can hit it off within 6 years. If I can do it you can do it. I wish you many successes. plan plan plan. Winston Churchill I believe once said. Plans will need to change but planning is priceless.

Remember if at all possible, avoid loans. That is the curse of small business. The bank owns your business then. Not you. Taking your profit in the form of interest payments.

You can do this?

Richard
SO, If anyone can provide any vital information to assist, I know they will appreciate it. Any assistance? Please be courteous and not negative. Reply on my facebook page or my tumblr website. Have a great day!

· 20/4/12 · Reblog