Quote: (08-28-2015 10:59 PM)lavidaloca Wrote:
I think it sounds better than it really is. A lot of people imagine themselves owning the popular nightclub with attracts the high end chicks. Unfortunately 9/10 owners have a mediocre bar / night club that isn't really a huge DHV. It's a job that will have you working awful hours as well. Who really wants to work at 2am on a Saturday?
I'd love to be the owner of the nightlife hot spot in a city but I certainly wouldn't want to be the owner of Frankies Neighborhood Bar & Grill. Option 1 will give me access to local models. Option 2 will give me access to 35 year old woman with 3 kids from 3 dads.
The problem is with 30-40k I don't really see you having the investment capital to turn it into a hot spot or high end place. Although I'm guessing that isn't your goal. 30-40k also seems rather low to me to start this type of business.
Typically the best businesses are one with high barriers to entry and / or industry that aren't sexy. Bars / Nightclubs is a sexy industry with low barrier to entry. That combination screams bad investment.
The real "problem is" if you listen to advice like this you will never do anything in life.
There are always a million reasons not to do something, and only your drive and desire to solve the problems (including working around limited capital) will move you forward.
I work with a lot of entrepreneurs in many industries who are incredibly successful and most have stories like starting with nothing and overcoming problems. None of them have stories about not starting because they worried they would be in the bottom 10%. Actually its funny how that works....