can I open my own busines with no experience and be successful?

Question

I want to open a blues bar, but have no experience running one. I have bartended in the past, but that is about it... no managment experience. Currently, I work in radio. Can it work? Does anyone have any stories or experiences you'd like to share about starting a small business?

Answer 1

Many people have successfully opened a business with little or no experience. However, you need to do a lot of research before starting out. There are so many considerations including finances, products supplies, legal matters, rents, staffing etc, etc.

Costs or cash flow can be prohibitive in some cases, no matter how good you are unless you can find a person to provide you with financial backing.

Perhaps you could consider internet marketing. This is something that you can ease into gradually by working at couple of hours or more per week instead of watching television. You could be holding down a day job and generating income to provide you with the necessities of life whilst building a business at night.

This presents excellent opportunities for people with little money to build passive income in their spare time. Eventually you could reach the stage where you can rely entirely on income from internet marketing. Many people have. This includes professionals such as some doctors who make more money via the internet than from their practices.

Answer 2

If you took a few piano lessons when you were growing up, would it qualify you to start a recording company, or manufacture piano's?

Knowing how to open a beer or mix vodka and orange juice does not make you a business manager.

But if you have enough interest in something based on past experience, at least you have some idea of what you like about it and that may give you the lift you need to get the other qualifications you will need. Perhaps having a partner who knows the business management part, combined with your ability to contact customers and entertain them and provide them the atmosphere they are looking for, could be the answer.

Or it could just end up one more failure on your resume, I have a few and frankly, failure sucks. But then again, I always believed that if you are not willing to stand before the world and swing the bat, you have no chance of ever hitting one out of the park. Just don't gamble more than you are willing to lose.

Personally, I think the bar business sucks and I would never consider it myself. A guy has 1 too many and you end up with a lawyer bill because he died or killed/hurt someone.

Answer 3

The most important advice that I can give you is never give up. If you have a dream, go for it. Plan your work and work your plan. You need to set up a business plan and outline all the details of your business (costs, advertising, targeted customer base-marketing, demographics, location, man power, resources, circle of influence (players involved) etc.

It might seem like a lot of work. But if you take it one bite at a time, you will eventually meet your goals. Set up a mission statement and put down all your goals that you want to reach. And do a business outline and get all the pieces in place.

I help businesses grow and give lots of good suggestions on where to start. if you are interested contact me and we will go over some ideas and i will be able to get you in the right direction.

Jim

Answer 4

Get an experienced partner or go down in a blaze of glory.

Making a bar work isn't the problem. Getting licenses, visitors, delivery contracts at good prices, fire-safety-clearance however is. Somebody that knows the drill will save you (and a lot of money).

Answer 5

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Answer 6

some people have natural talent for running businesses with little or no experience... if you're not sure that you're one of them... I would do some reading / research before spending any $ on a start-up...

Answer 7

YES. IF YOU REALLY WANT TO BECOME A SUCCESSFUL BUSINESSMAN / WOMAN. WHY NOT?