The 'I want to start a business' thread.

[sky86]

safe Arshy:

OK, here's what I got so far,

-I'm looking to open a place in a white dominated area, I've been there plenty of times and see they lack other culture, not 'cos they're racists but 'cos the freshies ain't made their curry shops yet.

-I want to start like a chill out place, not a bar, but y'know a muslim like kinda place but y'kno anyone's welcome, just no alcohol.

-I want a games room in there, a open mic room, a movie room, etc, snooker aswell!!

-I've got the ideas brainstormed.

-I'm committed and all that, I know I won't be raking, but rather losing in the beginning (investment right?), but if I stay determined and ambtitious like I am now, I'm sure I can succeed lol

-I'm 21 next month, so I'm sure I can get a type of loan, I've never took a loan out before, but since I have my money planned for my bike and new car and stuff I guess I'll have to.

so where can I start?

can you recommend me my next move? like who I would go to to take a loan out, I'm doing alot of reading into how to maintain a business which isn't what I should be doing, BUT, i guess im anxious to start without full knowledge, feel as if I can learn as I go along LOL

thanks, anyone else on adivce, I will appreciate it, and I will send you the sexiest girls I know LOL.

by the way I'm known VERY WELL in my area, I will have tons of people to come visit it and shit, promotions, etc, all that stuff.

[Arshy]

ok first of all do your market research, check on the the product you're thinking of supplying and whether there is a need for it in the location you choose...

secondly find your target audience, i.e age groups, gender etc etc...

then once you have done all this, move on to how you will generate business, how will you bring the crowd in, what makes you diff?

Just look at the 4 p's....

product, price, place and promotion....

that's just from the top of my head, if you want me to go more in depth, i'll do that after i've had my food

[sky86]

Just look at the 4 p's....

product, price, place and promotion....

that's just from the top of my head, if you want me to go more in depth, i'll do that after i've had my food [/quote]

cool, take your time.

-Promotion wise, I have friends who can help, I can make posters, I can put out my music which will help attract people my age and type and shit, the girlies come with the boys around here lol. I can attract the rich white boys who get £50 off there mum cos they want some takeaway and quite a lot act like eminems around here, so the open mic ting is a must!

-products I'm thinking of are, soft drinks, like that arab mango juice, I can get em cheap from markets and sell em on for a slightly higher price say 65-80p (rough guess),

another one is sandwiches cos people can come here on their breaks from work, they are IDEAL cos i go toa LOT of places that don't have sandwiches like this local sheesha place and peopel really want tuna and sweetcorn lol. the place would be good for people to relax for a while watch some footie on the TV or play some xbox lol.

-another product is, some good old mum's recipes Lol

place is perfect 'cos all these white people are in need of something different, all I see is chicken shops and pizza parlours, PATHETIC!

[AnGel_PyAr]

Originally Posted by Arshy

ok first of all do your market research, check on the the product you're thinking of supplying and whether there is a need for it in the location you choose...

secondly find your target audience, i.e age groups, gender etc etc...

then once you have done all this, move on to how you will generate business, how will you bring the crowd in, what makes you diff?

Just look at the 4 p's....

product, price, place and promotion....

that's just from the top of my head, if you want me to go more in depth, i'll do that after i've had my food

ooooh im studying that right now

[sky86]

GREAT!

you can help too

thanks mam

[Irreligious Left]

You're better off starting this in a Muslim area if the draw will be no alcohol served. What's the point of doing that in a white area?

[sky86]

believe it or not, this white area neeeds something new, no alcohol ain't a problem, simple, once the few start asking where's the booze, easy, if you wanna drink in this motherfucker you gotta pay cos i get family come visit this bitch, you stain my sofas, i'ma fucking round up the familiar convicts and fuck your face sideways...

vioence is a great advantage in thriving business.

[di vinci]

-I want a games room in there, a open mic room, a movie room, etc, snooker aswell!!

you need to be carefull with games room rules, if you mean gambling machines u need to apply for relevnt licenses, make sure its above board n age restricted.. for a movie room u need to speak to movie distributors before u can show movies to a fee paying public.

its not a laughing matter, things like these need to be full proof or they can cost u dearly. in theory u got a good idea but in practice u need alot of people investing. only tip i can think of right now if you could purchase a office block that can be easily converted into differant levels.

bottom floor chill out, upper floor for music andf gambling and thrid floor for movies. you need to to seel alchol to get teh crowds in or have shisha. at the moment shisha most propely end up banned.

make a proper plan. look at cost of builkings, how much it will cost. wat will be ur REALSITIC turn around. dont go on assumption. if ur trying to go for a specific market. think about, bus roots, trains roots, passing trade etc.

most important get ur produuct known and give ita cult following

[kiran19]

Originally Posted by Arshy

Just look at the 4 p's....

product, price, place and promotion....

that's just from the top of my head, if you want me to go more in depth, i'll do that after i've had my food

grade 10 business class

[FatGeezer]

is this serious?

[FatGeezer]

Originally Posted by kiran19

grade 10 business class

u changed your sig, the other one was better

[kiran19]

Originally Posted by FatGeezer

u changed your sig, the other one was better

this one is better than the other sig i had up X 1000 lolll... you don't like her? she's so hawtt

[Irreligious Left]

Originally Posted by sky86

believe it or not, this white area neeeds something new, no alcohol ain't a problem, simple, once the few start asking where's the booze, easy, if you wanna drink in this motherfucker you gotta pay cos i get family come visit this bitch, you stain my sofas, i'ma fucking round up the familiar convicts and fuck your face sideways...

vioence is a great advantage in thriving business.

I predict you will have no trouble finacing this start-up. You are a creditor's dream.

[di vinci]

Originally Posted by FatGeezer

is this serious?

i think it is

wat do u think feasable or not?

[FatGeezer]

Originally Posted by kiran19

this one is better than the other sig i had up X 1000 lolll... you don't like her? she's so hawtt

na, other one was better, SHE was so hawt...

[FatGeezer]

Originally Posted by di vinci

i think it is

wat do u think feasable or not?

BIIIIG risk

i think the biggest mistake that could be made is underestimating exactly how much investment is going to be needed and the the overheads. Location is a prime factor, and a prime location is going to demand prime rent. Rent aside, rates alone i imagine are gonna be 10-30k a year. Plus if he want to sell hot food he's gonna need a property with A1/A3 planning consent, thats gonna limit his choice down even further and the lease is gonna cost more. Plus with the new non-smoking legistlation coming in on 1st July its bound to have an impact on such social clubs. Loans are easy to take out, not so easy to pay back.

[kiran19]

Originally Posted by FatGeezer

na, other one was better, SHE was so hawt...

aww thannxx fatty ur so sweet

[FatGeezer]

Originally Posted by kiran19

aww thannxx fatty ur so sweet

my cheese for the night is over, now I can start with the sarcasm!

[di vinci]

Originally Posted by FatGeezer

BIIIIG risk

i think the biggest mistake that could be made is underestimating exactly how much investment is going to be needed and the the overheads. Location is a prime factor, and a prime location is going to demand prime rent. Rent aside, rates alone i imagine are gonna be 10-30k a year. Plus if he want to sell hot food he's gonna need a property with A1/A3 planning consent, thats gonna limit his choice down even further and the lease is gonna cost more. Plus with the new non-smoking legistlation coming in on 1st July its bound to have an impact on such social clubs. Loans are easy to take out, not so easy to pay back.

realsitically speaking he needs atleast 1mill to 2mil

to pull it off

thats being realsitic

prime location, with all teh differant things he wants. interior furniture etc.

one of my mates dads renovated his pud uptairs into astrip joint he already spent 200K. on teh inetrior. entertain needs to be unique n u need the same number of crowds and more week in and week out

[kiran19]

Originally Posted by FatGeezer

my cheese for the night is over, now I can start with the sarcasm!

mmm... i luvv cheese

[funky monkey]

to be honest there is major flaw in your plan from the outset. if your gonna open a place like that in a white orientated area your are going to HAVE to sell alcohol.

[funky monkey]

Originally Posted by di vinci

realsitically speaking he needs atleast 1mill to 2mil

to pull it off

thats being realsitic

prime location, with all teh differant things he wants. interior furniture etc.

one of my mates dads renovated his pud uptairs into astrip joint he already spent 200K. on teh inetrior. entertain needs to be unique n u need the same number of crowds and more week in and week out

1-2m is not realistic unless your opening up in the heart of London city center. You prob wont even get the opportunity to buy the premises seeing as the land owner would be very keen to rent only, property is big business.

[FatGeezer]

Originally Posted by di vinci

realsitically speaking he needs atleast 1mill to 2mil

to pull it off

thats being realsitic

prime location, with all teh differant things he wants. interior furniture etc.

one of my mates dads renovated his pud uptairs into astrip joint he already spent 200K. on teh inetrior. entertain needs to be unique n u need the same number of crowds and more week in and week out

even on a tight tight budget, he's gonna be scratching the 50k+ tin on refurbishments. Running over heads are gonna be MINIMUM 1k a week. Thats a LOT of arabic mangoshakes and sandwiches to sell.

[FatGeezer]

Originally Posted by kiran19

mmm... i luvv cheese

too much cheese makes me

[FatGeezer]

Originally Posted by funky monkey

1-2m is not realistic unless your opening up in the heart of London city center. You prob wont even get the opportunity to buy the premises seeing as the land owner would be very keen to rent only, property is big business.

prime properties you'll never be able to buy. They will be usually given to you on 15 or 25 year leases, and even then, you will have to pay alot of dough to BUY the lease. I sold a LEASE to a semi-prime property in manchester for 80k. That was just the LEASE, no business, no assets, no ongoing concerns. JUST A LEASE. Then the buyer had rent £25k per annum on top.