Since we have covered the questions in the e-mails that came in about our previous posts regarding the business route on how to make money, our next topic is primarily going to focus on a business venture that many decide to do and can make turn into a lucrative career with right direction and ideas. This option is deciding to open a small food stand or small food business. This idea many people think about but few actually do it. We will throw some ideas out there for you to think about when evaluating weather or not you want to explore this kind of way to make money.
People Are Hungry – The first main attraction to this idea is the fact that everyone needs to eat. People need to survive and there will always be a demand for the food service. The more and more that our culture grows, populations increase, and the world as a whole expands, the more important food will become to us. If this is not enough security I do not know what is. If you can break into the food service industry and provide good food for a reasonable price you will definitely have a business that can prosper.
Find A Specialty Niche - No matter what it is or who you are catering to it would be in your best interests if you can find a specific service in the food industry that a vast group of people are willing and can benefit from. For example many have started hotdog stands in New York to cater to the big business tycoons, or traders on Wall Street. Those people have to eat so people have seen an opportunity to provide a service for them. They are hungry and need to eat lunch, sometimes dinner, in a limited amount of time so people have recognized this and have provided a service to them.
Custom And Culture – To help with your niche maybe you want to think of that special dinner your mom or grandmother always made on certain occasions. Maybe you can make a really mean chocolate cake or cookies. Think about your favorite meal that you can make and that you have a passion for. If you can bring your passion to others, most people will pick up on that and your chances of success increase. These are perfect things to consider that are specialty services that you can provide to people.
The Basics – Some of the most successful ways that people figured out how to make money all have a rule of thumb. Some of the most thriving businesses in the food industry have followed these rules (The Basics) and they have proven trustworthy.
1. Find your niche, or specialty
2. Provide good food, good service, at a reasonable price
3. Keep it simple, do not over do it. Start slow and branch out later
With all of this information you can self evaluate whether this way of making money is a fit for you. In no ways is it going to be easy and will take some hard work and dedication but if you can follow the basics you will have a great chance at a rewarding career that could lead to the potential of opening more franchises and expanding out at your own will. We hope this gives you some ideas to think about on how to make money with a food service and helps in your future decisions.
Finally with some footwork finished and a lot of discussion that we have had in the past week or so I think we are able to share the information that we have. First off we would like to mention that we are doing our best to find a nice medium by sifting through all of the specifics that we don’t understand and yet staying away from the stuff that makes us say, “Well yeah that’s common sense”. We have scaled the list down and consolidated because surprisingly most of these cons are related and can be avoided if our advice is followed from the last post. So here is our list of cons in how to make money (business style):
One of the major cons that we have come across time in and time out is ownership or management reliance. Unfortunately the companies that are large have higher ups that seem to reap all of the benefits of our hard work. We have all been there and well in most cases this is true. It is really hard to find a company that has management and owners that are willing to act on the trickledown effect when it comes to money and securities and appreciative benefits to employees when times are good. It is interesting to note, that they are always the ones to go ahead and pass the buck onto the employee when times are difficult. You are intrusting your future to the owners and managers and if they make a bad decision you will be the first to feel it. You have invested your time and life into a company and in turn you have total dependence on what the company does. Your well being is in reliance with the owner or managements decisions.
Very similar to the previous con, a board of directors or partners can become somewhat negative. In this instance you may not have one person calling all the shots but a group that are making decisions and doing what they seem fit for the company. In this case the majority of the time they will do what is in the company’s best interest because if the company doesn’t make money they don’t make money. This does give you (the employee) some assurance but again the board will be making decisions to best fit themselves as a group.
Another con is the fact the longer you are with one company the high risk sector you are in. All of your years of investment in one company now makes you vulnerable in difficult times. If you have worked your way up the ladder and now are doing fairly well for yourself, you now are at a high risk when the company is considering cutbacks. Your success is a double edged sword and if the company needs to save money because of a tougher industry you can be at risk.
The next con that relates to the previous one is the fact that the business world is very competitive. If there is someone not only in the immediate area but in the world that can do it faster and at a cheaper rate the company will probably go that direction to keep costs down. This puts your security directly at risk.
The next con is the higher education requirements. In today’s world, 82% of all people entering the business world are employed at an entry level position and are required to have more than just a high school degree. This is a way of seeing if you have what it takes and a way to prove yourself to your future employer. For some people this can become a problem because they can still contribute to a company greatly but just haven’t had the opportunity or means to go and get a higher education. In our society today that is the driving force and society has dictated to us that higher education is essential.
The final con we have decided to bring attention to is what our consultants like to call “office politics”. This is mainly in an office situation having to deal with people. We all have come across the people that are inconsiderate and only think about themselves, and the probability you will be working with one of these people is almost certain in a business environment. This puts a strain on everyday work practices and can get exhausting to say the least when you always have to stand your ground and defend yourself to others just to be able to go to work and do your job.
So there is our basic list trying to make it as short and sweet as possible. If anyone has any comments or questions feel free to ask we will get another post up if needed. Hopefully this gives you some things to consider and think about and we hope this will help you in your decision on how to make money.
Since our last post we have been brainstorming and coming up with a list of cons that we would like people to think about when the decision comes for you on how you are going to make money. After all we have focused on bring issues to your attention with this site on. Many of our e-mails that we have received since our last post have been very thankful of the pros that we pointed out, but many still fell that the cons are more important. People have mentioned that the cons are more of the deciding factor in their current decision to further their career choices. The pros are great benefits but the cons are all of the stuff that we are going to have to live with. We took this job very seriously to make our list as affective as possible. We took our experiences and came up with a list of things to think about and we still felt like we were missing something. To do a thorough research job we decided to talk to some acquaintances of ours and discussed our list with them to see if they had anything else to add since they have walked the walk so to speak in various industries. We feel that this list is a great starting point and taking contributions of cons from people that have made their business career decisions, we can provide you with first hand ideas to help.
Before we post the list, to start off with, everyone that we talked to, as well as us, want to make sure to stress the fact that you need to know the company you are joining. Among all of the people that we consulted with the one continuing similarity was that if large business is your career choice it is imperative that you know what you are up against in terms of management and the overall future for the company. So many people have lost their jobs and so many companies have gone under due to the fact that people just were oblivious to the market and the health of the company. First bit of advice before we start with our list (which will come in another post), is to get involved and be involved in what the company is doing and futures plans for the company. You need to be an active employee, we are not saying to have a hand in every business decision that goes on, that would almost be impossible especially in a large corporation and if you are in an entry level position. All we are suggesting is to at least hear about the future of the company and maybe even do a little research in the industry so that you are in the know and can make sure your future is secured. It is not a good idea to put all your eggs in one basket, well in this case in one company you have no clue about. The company’s health will affect you directly and it is important to know and be aware of: what competitors are doing, new products your company will be using or selling, how profitable your company is, what investments the company has now and for the future, and future industries the company plans to branch into. If you are ok with all of this that is the number one important tool that employees need to make sure of. Invest yourself into a company, be an active employee and you will have a solid security with your company.