ByTheBeach
PARKED
<div class="bbWrapper"><span style="font-size: 12px"><span style="font-family: 'Arial'">OK, so. <br />
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Being bored of city living I’ve decided to relocate to a seaside resort (in Europe) for the summer. <br />
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During this time I have to write a book .. not related to the sea, beaches or anything remotely close.<br />
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I figure it is a good opportunity to try and develop a business while there.<br />
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Over the last 10 years I’ve stared maybe half a dozen successful (and about four dozen unsuccessful) business concepts but I want to do this differently.<br />
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I’d like to go and start from scratch.<br />
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Here’s the <b>scenario</b><br />
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<b>Resources:</b><br />
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$2000ish but that has to cover living costs (except rent)<br />
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Reasonably good local contacts with bar/restaurant owners, galleries etc. <br />
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Cheap staff, if needed (around $20-$30/day for English-speaking.. attractive, staff)<br />
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<b>Costs:</b><br />
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Few – no rent, just food and entertainment<br />
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<b>Setting:</b><br />
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A very popular resort with around 2.5million visitors over the summer period.<br />
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Visitors are mainly a mix of British, German, Russian and Swedish.<br />
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It is a budget –to-mid-market resort with 8 miles of beach in the modern <br />
resort area which consists of around 150 hotels, 100 restaurants and 100 bars/clubs <br />
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And next door, a historic old town which used to be a separate island but has long been connected to the mainland.<br />
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It has smaller, more boutique hotels, bars and restaurants.<br />
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In both cases, the hotels and bars struggle to make huge revenues as many tourists come on an all-inclusive basis and so just get wasted in their hotels. At the same time few hotels are huge.<br />
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From a business perspective, there are few barriers to entry in pretty much every genre of enterprise you can think of.<br />
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<b>My Challenge:</b><br />
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To set up a business using the resources available able to draw revenue pretty much from the start.<br />
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Here are my thoughts on the business:<br />
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- It must be fun! I’m reasonably young (mid-20’s) so I want to enjoy it<br />
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- It should have a high margin. I’m thinking something with a high value-added element<br />
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- The business should not simply re-sell other products. I don’t see the value in setting up a coke stand<br />
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- The concept should be entirely funded by this small pot<br />
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- There should be a real growth potential and an opportunity to make <br />
a significant amount of revenue while I’m there (around 10-12 weeks in total start to finish)<br />
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- Ideally would like the concept to somehow develop or promote local businesses<br />
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- Alternatively I’m thinking something targeting the hotels would be good<br />
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- Practicality has to be a consideration. A wholesale boulder business is unlikely to be a winner<br />
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<b>Your Challenge (if you care):</b><br />
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To help me make the concept before I get there (June 5th). This could be an interesting collaborative thing bringing a lot of different ideas and experiences together.<br />
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Then, when we decide on a solid concept I will go for it and try to make it a reality.<br />
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All along I will keep you updated on the progress and look at more ideas for expanding and growing. <br />
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So that’s pretty much it. Perhaps the best way to start is by you all asking any questions you may have, maybe to see more specifically what I would like to do or the setting etc. <br />
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I leave it to you to see if this has legs<br />
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<span style="font-family: 'Arial Black'">BTB</span></span></span></div>
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