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bluetrust

San Gabriel Valley

Member Since 2004

Followers 23 Following 24

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Monday Oct 31, 2005

Oct 31, 2005
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A customer of mine was wrapping up his year-end accounts and discovered that he hadn't paid me for three research studies back in Spring, so he asked for an invoice. I put it together and realized that it came out to $13,000, which is a lot of money on an individual level, but on a business level it's just enough to start thinking about re-investing it in the business and you know what? I really hate my business. So why not just do something completely different?

I've been talking about opening a bar all weekend. And I'm pretty serious about it.

In case you're interested, you may not be, that's okay -- the estimate seems to be that a small bar (starbucks-sized) would cost $50 - $75,000 to open. So we don't have near enough money to get started. But maybe, if we live like paupers, we can save over the coming year, you know -- actually prepare -- and then be ready in the winter of '06.

I'm smart enough to admit when I don't know fuck all about a topic. And about running a physical store, I don't know shit, because I've never worked retail. So my plan is to hire (or get people involved, *cough*, cosyne) who actually do know this stuff, and in the meantime, try to learn what I can through classes and books and so on, so I can at least follow along with what more knowledgeable people are saying. For instance, this morning I signed up for some extension courses at Bellevue Community College aimed at small business owners.

* Bookkeeping, payroll, taxes
* "Creative" financing for startups

And I signed up for a course on bartending that at the end, I'll be licensed to tend bar in the state of Washington. Kind of cool, no?
VIEW 7 of 7 COMMENTS
lostepoch:
Hah, never mind. I bought it and downloaded it. I have a char named Seraphym on Triumph, I hope that's where you guys are at.
Nov 1, 2005
fractured:
Are bars as risky as restaurants? What kind of atmosphere or crowd would you aim to have? Like the booze-making, it's a very cool idea for a business - and thankfully more realistic.
Nov 2, 2005

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