I have yet to see anyone chime in on this thread except for Don that actually has started/ran a business… so I wouldn’t take too much of the responses to heart. My response included.
Two words of advice I guess from my point of view - I have worked at a “start up company” for the past few years, and it is really fun, most of the time. However I think if I were to start up a business I would have a business plan that involved staying small, and doing something I truely enjoyed or I would NEVER want to own my own business. More people, more money, more problems, less enjoyment. End of the day it is all about being happy, it is not just the money.
Running a timmy ho’s franchise would likely be one of the most boring, shitty things to do… if you’re serious, think about what you have skills in/care about and start talking to people that have done those types of businesses.
I’d stay away from restaurants as they are one of the hardest to start up (non franchises)
edit: all though I did think of a business idea semi-recently that I thought was mildly plausible. It is kind of like those companies that ran in larger cities where people would pay a monthly fee to have access to a car when they needed it. This would be a higher end company though, and would take a fairly large amount of capital investment. Basically you’d have a stable of cars that range from mild to wild, from sports car to 3/4 ton trucks etc. People would pay a monthly fee that would be slightly higher than that of a decent monthly car payment, but they would have the option to take different types of cars as needed.
Basically have tiers of vehicles, like say this:
$400/mo tier, gets you access to $25-30K cost vehicles like maybe a WRX, s2k, Camry, Rav4, some kind of 1/4 ton pickup.
$500/mo tier, gets you access to 30-35K cost vehicles like evo/sti, bmw z4, lexus sedan, infinity fx45 or whatever the suv is, 1/2 ton pickup etc.
etc. etc. through different dollar levels
All though I think this is better suited for places like Miami, San Diego, LA, higher class areas… I figure you charge about 50-100 more per month than what the cars cost you, people would pay for the convience/novelty to have different types of vehicles when needed.
Dunno, sounds cool to me but I am a car person, and most people probably couldn’t care less.
