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INTRO Wow thinking different

reddog

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Oct 16, 2018
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Really thinking different about opening a business since reading most of the FL book.My best freind just bought a cup cake store.I think he messed up.I mean damn how many friggin cupcakes yu gonna sell to make some bank.Some business es just aint worth it.I am out of line here?
 

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reddog

reddog

New Contributor
Oct 16, 2018
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18
18
55
sparta ga.
Really thinking different about opening a business since reading most of the FL book.My best freind just bought a cup cake store.I think he messed up.I mean damn how many friggin cupcakes yu gonna sell to make some bank.Some business es just aint worth it.I am out of line here?
 

PizzaOnTheRoof

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Depends on if your friend is trapping himself into a job or not. If his long game is to franchise it out then it very well could be Fastlane.

Not to mention the margin on COGS for baked good can be insane. Just think how many $3 cupcakes you can make with 50lbs bags of flour/sugar/eggs/milk?

But all of this is for nothing if the shop is in a terrible location.

However, working 14hr days selling $3 cupcakes for 10 years is very, very NOT Fastlane.

Personally, I think the whole cupcake craze is dying out.
 
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reddog

reddog

New Contributor
Oct 16, 2018
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sparta ga.
Depends on if your friend is trapping himself into a job or not. If his long game is to franchise it out then it very well could be Fastlane.

Not to mention the margin on COGS for baked good can be insane. Just think how many $3 cupcakes you can make with 50lbs bags of flour/sugar/eggs/milk?

But all of this is for nothing if the shop is in a terrible location.

However, working 14hr days selling $3 cupcakes for 10 years is very, very NOT Fastlane.

Personally, I think the whole cupcake craze is dying out.
He does have great locations,he is a savvy person.I just dont see the volume in that product.
 

jon.M

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You could recommend him to read The E-Myth Revisited by Michael Gerber. I think the author throughout the book refers to a conversation he had with a pie bakery owner. The advice might help your friend make his venture less of a job and more of a business, at least.
 
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reddog

reddog

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Oct 16, 2018
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Hoping the bes
You could recommend him to read The E-Myth Revisited by Michael Gerber. I think the author throughout the book refers to a conversation he had with a pie bakery owner. The advice might help your friend make his venture less of a job and more of a business, at least.
Okay thanks .
 

PizzaOnTheRoof

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He does have great locations,he is a savvy person.I just dont see the volume in that product.
Fair enough, he won't know until he launches!
 

MJ DeMarco

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Some business es just aint worth it.I am out of line here?
Depends, can you ship a cupcake 1800 miles away? Also, if it's high volume and franchisable, it can be turned into a gamechanger. Also, sugar is addictive -- not a bad ingredient to have on your side if you want repeat buyers.
 

TheCj

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Replace cupcake with donut and or coffee... Doesn't sound so crazy if the owner has a vision...
 

biophase

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He needs to be on Uber eats and all the other services.
 

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B. Cole

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Really thinking different about opening a business since reading most of the FL book.My best freind just bought a cup cake store.I think he messed up.I mean damn how many friggin cupcakes yu gonna sell to make some bank.Some business es just aint worth it.I am out of line here?
Yeah but you could have asked Starbucks the same thing when they started - how many cups of overpriced coffee could they sell? One thing that will never change - people like to go to nice places and eat. Eating is the biggest habit mankind ever had, it’s one of a few things that all 7 billion of us do.

Create the value. Scale the value.

Enough about your friend. What kind of business are you going to do?
 

Jeff InfoPreneur

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If he really has the chops then you could turn this into something special. I have a half-dozen cupcake shops around my region and they are all the same, fairly limited selection - run out of supply by 2 in afternoon, employ people that really don't appear to want to work there, have very little personality to the place. Seems like there is a great opportunity for disruption either on the retail side (think making it a great environment to come and hang out at) or on the back-end where you outwork everyone else in getting orders from teams, b-days, schools, corporate events, etc... Gotta love it and gotta have a bigger vision than doing the same as everyone else
 
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reddog

reddog

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Oct 16, 2018
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sparta ga.
Yeah but you could have asked Starbucks the same thing when they started - how many cups of overpriced coffee could they sell? One thing that will never change - people like to go to nice places and eat. Eating is the biggest habit mankind ever had, it’s one of a few things that all 7 billion of us do.

Create the value. Scale the value.

Enough about your friend. What kind of business are you going to do?
Started writing my first book this morning.
 

deepestblue

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I know a dude who quit his job to start a cupcake shop and has now opened multiple locations.

I thought the same thing about profit potential etc. Turns out I was wrong.
 

lowtek

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Welcome to the forum. My neighbor is a barber with a solid game plan to churn out several more locations in the coming years. You can absolutely achieve success with well executed unsexy ideas.
 
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reddog

reddog

New Contributor
Oct 16, 2018
8
18
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55
sparta ga.
Yeah but you could have asked Starbucks the same thing when they started - how many cups of overpriced coffee could they sell? One thing that will never change - people like to go to nice places and eat. Eating is the biggest habit mankind ever had, it’s one of a few things that all 7 billion of us do.

Create the value. Scale the value.

Enough about your friend. What kind of business are you going to do?
Just got thru reading MFL.Trying to digest the information,I have started a book to see if I can do something besides my normal 9-5.
 

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