maybe you just need to get one of those food trucks that are in these days. 1 man operation, food speaks for itself.

2/7/2011 7:10:14 PM

Quote :

"You said you enjoy the cooking. You obviously are damn talented at making pizza. So why not focus on that and let someone else focus on the rest? This kind of shit is how EVERY FUCKING BUSINESS IN THE WORLD OPERATES. Look up CFO, COO. You need operations people and you need financial people. You're OBVIOUSLY not a financials guy in either interests or abilities, but it sounds like you are a picture perfect operations leader. But this still boils down to a very simple principle: If you can't trust anyone else, you WILL NOT succeed in business, or in life. You must be able to share and delegate responsibility AND reward to be successful in the long term."

Money, Boss. It comes down to MONEY. You know how money plays a part in the size of a business right? You know how money buys players in the game, right? You can't be that ignorant.

You can't just go out and buy an elite team of workers with income so small you can't even pay yourself what you're worth.

[Edited on February 7, 2011 at 7:19 PM. Reason : .]

2/7/2011 7:19:04 PM

You want me to buy a fucking BMW with enough money to buy a Used Honda.

2/7/2011 7:20:36 PM

Quote :

"Look up CFO, COO. You need operations people and you need financial people."

Hahaha what one-shop pizza joint has a CFO and a COO?

2/7/2011 7:20:44 PM

you're getting hung up on the title, it's good advice. don't be obtuse.

2/7/2011 7:21:53 PM

Quote :

"I haven't read all the shit in this thread, but honestly, what do you expect?"

Then shut the fuck up.

2/7/2011 7:27:41 PM

The owner needs to know how to do that stuff. You're just pissing money away if you're hiring finance and operations people, unless they don't mind working the oven/phones and don't mind getting paid under what they are worth.

2/7/2011 7:27:43 PM

Quote :

"Norfolk bookkeeper charged with stealing $2.3M Leslie M. Coffman, 60, of Norfolk had been a bookkeeper for Ballard Fish & Oyster Co. for nearly 20 years. She is accused of writing checks totaling almost $2.3 million to five credit card companies between 2005 and 2010. She has agreed to plead guilty to one count of mail fraud on March 1, court papers say. By Tim McGlone The Virginian-Pilot © February 5, 2011 http://dev.hamptonroads.com/2011/02/norfolk-bookkeeper-charged-stealing-23m "

Paying professional people does not mean you're immune to getting embezzled.

20 years of trust does not mean that in 20 years + 1 day, you're immune to getting embezzled.


Shit. happens. every. day.

2/7/2011 7:30:16 PM

1 front-house manager, 1 back-house manager.

Front house handles customers, customer orders, equipment, repairs.
Back house handles making the food, food orders, and inventory.

Both work together on product offerings and price points.

This is such fucking BASIC shit in the restaurant industry I can't believe I'm even having to spell it out multiple times. And if you can't generate enough revenue to support TWO full time, reasonably paid people at a restaurant, it's not a viable business model. You don't have to hire a fucking 200k a year executive. Jesus Christ you people are obtuse.

----------------

Well you can either live in fear like a schizophrenic or you can live in the world with the rest of us where we have to trust people to do a fair and decent job every day. I'm not saying you should be BLIND to the world around you. There's a difference between being aware of your surroundings, and being a complete nutjob who thinks everyone is out to get you.



[Edited on February 7, 2011 at 7:34 PM. Reason : .]

2/7/2011 7:32:43 PM

hiring someone to run shit is like entrepreneurship 101. it's incredibly common that the type of person that does well as an entrepreneur isn't always the best person to run things or sometimes even to grow things. it's incredible common for people to hire someone to help manage the business side of things, in fact some of the best entrepreneur will tell you that their success comes from their ability to let go and some things to people better than them. and even if you don't do that you have to delegate or you are going to get bogged down in little things and miss the big decisions that you need to be making.

2/7/2011 7:32:48 PM

Quote :

"This is such fucking BASIC shit in the restaurant industry I can't believe I'm even having to spell it out multiple times. And if you can't generate enough revenue to support TWO full time, reasonably paid people at a restaurant, it's not a viable business model. You don't have to hire a fucking 200k a year executive. Jesus Christ you people are obtuse."

If it's so basic, what is your plan on paying this second person? You have to double your business.

Double the business = same amount of work per person. Nobody is saving time.


You got served.

[Edited on February 7, 2011 at 7:36 PM. Reason : .]

2/7/2011 7:36:07 PM

the restaurant owners i know didn't pay themselves a salary for the first year so they could hire the right people :shrug:

2/7/2011 7:38:13 PM

this ^

2/7/2011 7:40:12 PM

Quote :

"in fact some of the best entrepreneur will tell you that their success comes from their ability to let go and some things to people better than them"

After they work their asses off so that they have the business to hire those people.

2/7/2011 7:46:22 PM

You guys are missing the point.

You have $9000 worth of bills to pay every month without labor.
ONE employee at minimum wage for each hour I'm open costs $2,392.50.
I'd have to bring in $7000 extra PER MONTH to break even on labor.


How many pizzas do you have to make to get $7000 extra a month?

2/7/2011 7:49:04 PM

Maybe 10 or 15 of us could volunteer our time to help out.

We could have a sign up sheet to take a shift, morning, evening, or even an entire day where we could work for GeniuSxBoY's restaurant.

2/7/2011 7:50:28 PM

I liked the idea that a group of you guys come out and support me... or at least try my food before telling me it sucks

2/7/2011 7:52:02 PM

^^^According to my calculations ten $700 pizzas.

2/7/2011 7:53:58 PM

maybe instead of trying to sell a ton of $5 pizzas

you could try to sell just a few $5000 pizzas

2/7/2011 7:54:06 PM

yeah, so maybe we could all do that.

we could rent a church van, or three. we could have a little caravan going to Va Beach.

2/7/2011 7:54:08 PM

how about you sell 1 pizza for $7k

2/7/2011 7:55:12 PM

you should sell one pizza for $14000 but then have a groupon for 50% off

2/7/2011 7:57:07 PM

I think you just opened in a shitty location. Maybe if you tried again in another location you would have a better chance at success. And then you could hire your executive c-suite and you could sit on the board of directors.

2/7/2011 7:57:12 PM

they DO have a 1K pizza in NY... has caviar and truffles and stuff on it

2/7/2011 7:59:45 PM

Oh fuck you guys.

[Edited on February 7, 2011 at 8:00 PM. Reason : .]

2/7/2011 8:00:16 PM

Can someone link to the groupon thread? Thx

2/7/2011 8:01:29 PM

50% off 14k groupon buy for a pizza with diamonds?!?!?! hell yah! Sounds crunchy and teeth shattering.

But seriously, you do not have family members or some friends to use as free labor when you started off? Seriously, if my Dad started a pizza joint, I'd help out for some free pizza. Look at Aviators, the beer brewery down in Fuquay-Varina. The guy only started in 2008, the first few employees were volunteers and were paid in beer. He's self funded and completely in the red; will be for the first 5 years after he just invested 250k on other startup costs this past month.

2/7/2011 8:30:19 PM

Quote :

"You guys are missing the point. You have $9000 worth of bills to pay every month without labor. ONE employee at minimum wage for each hour I'm open costs $2,392.50. I'd have to bring in $7000 extra PER MONTH to break even on labor. How many pizzas do you have to make to get $7000 extra a month?"

#1, if you didn't have the liquid capital to open the business and pay operating expenses for AT LEAST two years, you should never have started. Never. 24 months of capital is absolutely bare minimum to have enough cash flow to sustain a company.

#2, how many minimum wage employees do/did you have? If you worked the kitchen, I'd be willing to bet you can do the job of 2-3 minimum wage grunts. Which you can redirect into hiring ONE person to handle the front.

So. Either you didn't have the investment capital to run the business in the first place, you don't actually make enough money to support the minimum staff to keep the business running, or you're bullshitting something to avoid admitting that maybe there's another way to do things besides your twisted way of thinking.

2/7/2011 8:42:22 PM

^that's true, people seem to overlook the fact that you will be in the red for the first two years at least. Cash flow is definitely important and the reason why so many small business fail.

2/7/2011 8:47:17 PM

every single page of this is fail


Tyler, you're just wasting your time on this dude because he's too fucking dumb to comprehend the absolute basics.



"Genius"xboy, I'd advise you to find yourself a career in perhaps the custodial services - that way when you blame any and everyone else for your problems, you'll be 100% right.



I mean, that's all you really seem to fucking want out of this anyway.

2/7/2011 8:53:27 PM

They call that sanitation engineering

2/7/2011 8:54:18 PM

I'd work for Noen.

Probably kiljadn too. But as a sexual associate, not necessarily anything food related.

2/7/2011 9:07:46 PM

uhhhh..... k

2/7/2011 9:10:46 PM

Shit I should have saved that for the job interview.

2/7/2011 9:13:06 PM

icecream pizza?

2/7/2011 9:15:34 PM

I would move to VA Beach and manage the front of your operation in exchange for equity in your business

2/7/2011 11:08:56 PM

The burns are really an issue of prolonged exppsure to the hot liquid. If you can't take your jeans off you're gonna get more burned than if you get some on your hand and go, "Aaaah! This sucks!" and shake it off.

What I have learned from this thread:

1. Opening restaurants is hard
2. It sucks to make waitress wage
3. You shouldn't drink McDonald's coffee with your pants on

2/7/2011 11:36:44 PM

2/7/2011 11:39:35 PM

Quote :

"#1, if you didn't have the liquid capital to open the business and pay operating expenses for AT LEAST two years, you should never have started. Never. 24 months of capital is absolutely bare minimum to have enough cash flow to sustain a company. ."

Yeh, I'm pretty sure startup liquid assets has nothing to do with my situation, lol. I've been in business for 4 years, started with only $10,000 in liquid assets. that's 1/250th of what you expect people to have to last 2 years. lmao


You don't know anything about rags-to-riches bitches.

2/7/2011 11:45:07 PM

And apparently neither do you

Just sayin

2/7/2011 11:45:56 PM

rags- to -making other people riches bitches

2/7/2011 11:47:02 PM

This thread is hilarious.

2/7/2011 11:51:56 PM

pretty hard to understand why you're "lmao"-ing when you're going out of business




pretty hard to figure out why you think going into business with 1/250th of what you really needed and are paying the ultimate price on now is funny



you managed to last 4 years



yet you're still going out of business because you ran out of money



because you didnt start with the right amount of money




actually, yeah



that's pretty goddamned lmao-worthy. but for us. not for you.

2/7/2011 11:57:03 PM

Seriously man. I feel like I'm having a conversation with a light saber. Just deflect, deflect, deflect.

I've started a couple of business ventures with little to no capital, but I also had zero expenses. I'm done with this thread. It's obvious you've ignored common sense, good judgement, and the advice of people who truly want you to succeed. Have fun spending the next 4 years digging yourself out of the shithole of debt you built yourself.

2/8/2011 12:09:03 AM

Quote :

"started with only $10,000 in liquid assets. that's 1/250th of what you expect people to have to last 2 years."

that can't be right. 1/25th maybe for 2 years?

2/8/2011 12:10:55 AM

It's not right. The kid can't even do basic math, much less understand what liquid assets even means.

2/8/2011 12:14:37 AM

hyperbole, dumbasses.

2/8/2011 1:04:19 AM

failed business owner calling people dumbasses ITT

2/8/2011 1:50:08 AM

who me?

2/8/2011 1:59:25 AM

Comon' guys, GenuineSFXBoat knows his shit.

[Edited on February 8, 2011 at 2:07 AM. Reason : g]

2/8/2011 2:07:31 AM