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Recent content by Benw523
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Lost and Tired seeking advices.
Its been 2 and half years since I made this post. I just recently checked back on this forum. It has taught me so much. I currently have my 2nd location opened and its breaking even after 3 months of opening. It took me a year to go through neighborhood association, city zoning, location...- Benw523
- Post #21
- Forum: General Business Discussion
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Lost and Tired seeking advices.
Yes, franchises is definitely the fast lane in the food business. Where you can make money with no risk involved. Franchisees provide capital and take the risk while you make money regardless of their success or failures. But one thing you need is a proven model and track record with multiple...- Benw523
- Post #14
- Forum: General Business Discussion
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Lost and Tired seeking advices.
My restaurant model requires more equipments than a food truck can provide and food trucks are mainly a one man operation that can't be scaled.- Benw523
- Post #13
- Forum: General Business Discussion
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Lost and Tired seeking advices.
Yes, thanks for the advice. I kept asking myself do I want to continue or waste all the time I put into the business. I think what you stated above is totally the correct direction that I want to focus if I shall continue with the business. But, now I am thinking I was never too passionate about...- Benw523
- Post #12
- Forum: General Business Discussion
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Lost and Tired seeking advices.
Yes, I feel the same way when my business was losing money. I knew I had no option but to make the business work. I had to find a way to make it work no matter what. I did everything I could and double the business in 4 months. I was dedicated and determined, but now the business is turning a...- Benw523
- Post #11
- Forum: General Business Discussion
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Lost and Tired seeking advices.
Yes, but I feel like I am trapped. I want to get into a business that is not as capital and labor intensive as the restaurant business. But, I feel I have no skills and mentors to get me into a new field. I know nobody can help me but myself. I am seriously thinking about moving to a new city...- Benw523
- Post #7
- Forum: General Business Discussion
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Lost and Tired seeking advices.
What you mentioned above is mostly what I did when the business was losing money. We invested more money to renovate the place and made it look hip and inviting, we bought new equipment to reduce labor cost while increasing sales, rolled out a brand new menu, automated the supply line, and then...- Benw523
- Post #5
- Forum: General Business Discussion
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Lost and Tired seeking advices.
Hey guys my name is Ben and I have been running businesses for the past 4 years. I am an entrepreneur like many of you here and want to be on the fastlane when I am young. I am starting to discover that the business I am in is not fastlane and I am starting to dislike it and losing my passion...- Benw523
- Thread
- Replies: 21
- Forum: General Business Discussion
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