Originally Posted by gnatty8
Pio, why would you do this, personal fulfillment (i.e., are you a hobbyist and the outlet you plan on opening would scratch that itch), or the expectation of earning a good living? I am just curious. I've always thought it'd be cool to open a small business that related somehow to something I enjoyed doing anyway, like a small cigar bar, or something like that. I've always immediately filed that one away in the not friggin' likely area of my brain, since my assumption is that I'd be tied to the place, and hobby or not, I couldn't stand that sort of commitment.
A combo of personal fulfillment, further exposure to wine (and funding that at least partially through the business, i.e. trip to Burgundy now = business expense), I enjoy being a host, and the thought of an eventual non-salary cash flow. While my personal retirement is still at least 16 years away I am investigating and reality testing things to do and even modest cash flow avenues.
Originally Posted by JhwkMac
I've worked as a restaurant chef for 4 years. on the Catering side of things now. I'm currently in talks with a couple business partners about launching a restaurant. Luckily one of them is an economist and I've got a business degree also, so we can make sure our numbers are rock solid before we take one little step. It's a tough tough business.
Good luck to you and keep us posted of your progress.
I have absolutely zero illusions about the amount of work ownership requires and the likelihood of failure. It's why I'll probably just enjoy kicking this idea around for ten years before I actually try it.