I am just starting up my own business and its hard, there is alot of risk that im taking and im putting my family at a huge financial risk if things dont work out. Im up until late most nights working on it, But i get to be there for my daughter as well. Ours is run through our home so again bonus for tax.. Im starting a clothing store and alot of work goes behind it.
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16-08-2012 13:41 #11
The Following User Says Thank You to Tahlsandbubs For This Useful Post:
16-08-2012 13:53 #12
Thanks for all the replies girls.
I just woke up from night shift so will reply when I get a chance.
DH and I worked 5 years together in a restaurant while we studies. I was staff supervisor (like a floor manager/coordinator) and DH was the kitchen manager. So it helps that we have that to background and could actually work and contribute to the restaurants running.
Very much agree on the importance of good staff.
16-08-2012 15:54 #13
What's it like to own your own business? Great, now that we are in expansion phase- it was hard work and we made a lot of mistakes during the setup phase.
What is your business? Is it a franchise? we run a hire car company we started ourselves with no experience.
How old we're you when you opened it ? I was 29, DH was 37
Do you own it with your DH/DP?How is your work/life balance ? Yes, we work as a team which has taken some co-ordinating but after nearly four years it works well. Sometimes we can't do kids parties but we have seasonal business so have asjuted our "down"time" to suit the business.
DH and I would love to own our own business. We have a restaurant idea which would be years off as we'd need to borrow a lot of money to start it. But I also have thought about buying a franchise. E.g a Muzz Buzz.
We looked into buying franchises and set up businesses, I would never buy a franchise, the startup costs and ongoing (unnecessary) franchise fees are something we couldn't accept. I also like to have total creative control. Others choose a franchise as the boxes have been ticked for them and the like the support. I would want to have some more experiences in business owning before going hospitality due to the perishable nature of the product, dependency on staff and suppliers and the highly competitive market and current economic climate. I am a real foodie and have worked in hospitality a fair bit but the idea of running a food based business give me the willies right now- but that's me!
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