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TheFungle
Original Poster
2,842 posts
76 months
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I've had an idea brewing in my head for a while now, to open up a business based on several of my passions and combine them all into one concern, the research I've done so far would suggest that the concept is fairly unique, I guess that means it's either a fantastic idea or a ridiculous one  Where do I go from here? Do I keep it as a daydream or do I actively start to seek financial backing, suppliers, premises etc? I feel like I should at least get as far as finding out it's an impossible dream, would certainly hate to look back in years to come with the 'what if' question.
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TheEnd
12,285 posts
58 months
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Firstly have you got enough experience to run any one of the passion based businesses? Secondly, does it have any similar examples that work?
For all I know, it could be a hand car wash and pasty cafe, or archery and antiques shop, but can you distance yourself away from it enough to see a general appeal?
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TheFungle
Original Poster
2,842 posts
76 months
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TheEnd said: Firstly have you got enough experience to run any one of the passion based businesses? Secondly, does it have any similar examples that work?
For all I know, it could be a hand car wash and pasty cafe, or archery and antiques shop, but can you distance yourself away from it enough to see a general appeal? Hello to a fellow night owl  As far as I can see, there are no other real examples of the mash up I would be planning, although individually there is a distinct link, I believe with some clever marketing/branding all three elements could come together very well providing a client base that the one element alone could not provide. The experience question is a tougher one to answer, yes I know 'what I'm on about' but would that translate to a successful business? I'm fortunate in that being in the RAF before I leave I have access to (free) courses which could set me up very well, I would have to choose them carefully though.
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TheEnd
12,285 posts
58 months
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Just checking you aren't falling into the "buy a pub" trap, as things are different on each side of the bar.
If there are contingency plans, it wouldn't be too bad, ie. no one likes pasties, so a chain of "Suddy Ginsters" theme bars wouldn't take off, but you'd still get by on the car washing side.
Think of it like Timpsons, they only do keys and shoe repairs as each side isn't big enough to support itself, and they don't need a lot of room, so two average halves make an average whole.
If they are complimentary, they could add together to give you an edge. If they all depend on each other, then you have multiple ways for your empire to crash down before you even get to have a BBC show where you pretend to be short staffed.
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mrmr96
12,047 posts
74 months
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OP, what's the idea? I won't steal it (probably) but wondered if we'd be able to help more if we knew what you're planning.
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Shuvi McTupya
17,760 posts
117 months
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mrmr96 said: OP, what's the idea? I won't steal it (probably) but wondered if we'd be able to help more if we knew what you're planning. Its a combination of Liquor store/Poker room. All it needs is a catchy slogan..
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Cheib
6,503 posts
45 months
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Do these different business lines have good synergies operationally ? i.e. will the staff of this business be able to multi-task across the different products offering or will you need seperate staff for each one. If it's the latter that might mean you have horrendous start up costs/cash burn in the first couple of years.
Without revealign the concept some vague information might help people give you decent advice.......
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rich1231
16,636 posts
130 months
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A business does not have to be unique to be a success, in fact you are better off copying someone else's business model that is a success already.
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Carsie
624 posts
74 months
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There's a lot of experience on here and some wise heads so I don't really think you should have any fear of discussing it here unless it's a real barnstormer. Comments tend to oscillate between harsh and sarcastic but rather the truth on here than a comment from your bank manager at a later date. Always happy to help if you want to float your ideas across here. I can always send you a non-disclosure if it makes you more comfortable. p.s As Jaguar used to say " What are dreams for if not to come true?" http://www.youtube.com/watch?v=gXPti8ppl5U&fea...
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Simpo Two
54,618 posts
135 months
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TheFungle said: I've had an idea brewing in my head for a while now, to open up a business based on several of my passions and combine them all into one concern, the research I've done so far would suggest that the concept is fairly unique, I guess that means it's either a fantastic idea or a ridiculous one  This happened to me in 1991. Write it all down quickly then spend the next few evenings refining it as the extra details come to you. When the vision is complete and polished and rotating slowly in front of you glowing in all its shiny loveliness, throw lots of big rocks at it and see if it cracks. Dreams are one thing, making a living from them is quite another. Don't let starry-eyedness blank out thorny questions like 'What if I get no customers for six months?' Because at the end of the day, money and profit are what matters. Hope it stands the test!
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xr287
826 posts
50 months
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rich1231 said: A business does not have to be unique to be a success, in fact you are better off copying someone else's business model that is a success already. Exactly. Many many people have become very wealthy by copying existing businesses but doing things in just a slightly better way.
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TheFungle
Original Poster
2,842 posts
76 months
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Cheib said: Do these different business lines have good synergies operationally ? i.e. will the staff of this business be able to multi-task across the different products offering or will you need seperate staff for each one. If it's the latter that might mean you have horrendous start up costs/cash burn in the first couple of years.
Without revealign the concept some vague information might help people give you decent advice....... Without wishing to give away exactly what I'm thinking it's a cafe cum deli with a shop attached, the cafe/deli taking inspiration from the products that the shop will sell and the whole history and lifestyle behind that. What I can see being the major issue is potential customers not understanding the concept, to them it may be just another cafe and just another 'shop', combining them will either alienate them altogether or be a stroke of genius. I suppose it could be compared to a garden centre, plenty of people go there for just a quick bite to eat at lunchtime as much as plenty of them go there go there to buy a bag of compost, however the best ones IME manage to create a link between the two without directly forcing the issue. Having just read that back it sounds a bit flaky, I'm just awake after a rough nightshift so I shall blame the explanation on that!
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V8mate
35,312 posts
59 months
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TheFungle said: Without wishing to give away exactly what I'm thinking it's a cafe cum deli with a shop attached, the cafe/deli taking inspiration from the products that the shop will sell and the whole history and lifestyle behind that. I spend all day every day dreaming up business ideas. I had a very similar idea to yours in 1988. Conran realised the most high profile example with Bluebird in London's King's Road (1997?). It remains an excellent idea to this day; executed well it should be a good earner but is one of those businesses which crucially requires the location, location, location to be perfectly researched. Good luck to you if you give it a go 
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tomash
148 posts
150 months
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Similar kind of idea opened up in my home town 2 maybe 3 years ago and they seem to have gone from strength to strength. But they have a good location in a market town in the south. http://www.rowansdeli.co.uk/
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sinizter
3,348 posts
56 months
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tomash said: Similar kind of idea opened up in my home town 2 maybe 3 years ago and they seem to have gone from strength to strength. But they have a good location in a market town in the south. http://www.rowansdeli.co.uk/Nice website and very readable.
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rog007
3,064 posts
94 months
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V8mate said: ... location, location, location... Regardless of having the perfect product, perfect plan, sufficient business acumen, sufficient finance and correctly skilled staff, if it's in the wrong place, it's sunk. The trick is not to look for a location where there is a gap (because if there's a gap, there's probably a good reason), it's to identify the opportunity that is yet to exist; new developments, new parts of the countryside about to open, up and coming areas etc, etc. good luck!
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alock
1,724 posts
81 months
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TheFungle said: the research I've done so far would suggest that the concept is fairly unique More research needed http://www.caracoli.co.uk/
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The Don of Croy
1,127 posts
29 months
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alock said: Last time I was in Carluccios in T Wells it had all the hallmarks of a deli with a cafe / restaurant attached. Is that the sort of thing you had in mind?
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Podie
38,595 posts
145 months
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tomash said: Similar kind of idea opened up in my home town 2 maybe 3 years ago and they seem to have gone from strength to strength. But they have a good location in a market town in the south. http://www.rowansdeli.co.uk/We had one in our local town. Lasted a year. There is one near my parents, and it continues to expand and go from strength to strength. Not exactly a new or unique idea...
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jaedba2604
718 posts
17 months
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i've had an ongoing idea for some time that i keep considering.
my issue with starting a business is that i'm a firm believer in making your assets work; and that for me would mean, if it's a shop, it's open as much as possible...if it's an expensive manufacturing machine, get the volumes through it.
my idea sounds similar to yours - and i think, in the right location, it'd work. it wouldn't make a fortune i doubt, but it'd give a lifestyle that may please you.
i guess the point i'm trying to make is, start ups are f*cking hard work, you need to consider the spectre of low margin / high volume to get the cogs of your operation starting, and are you happy with that demand on your life?
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