Have you ever been a waitress or a waiter? What restaurant did you work? Or maybe it was an event venue. Did you serve food and alcohol? How long did you stay there? A few months? A year? Five years? How much money did you make? A little? A lot? Were you there part-time or full-time?
Think about this. When you get a job at a restaurant serving people, for all intents and purposes you’re working for free. Yes, you get some kind of stipend for the hours that you work. And yes that puts gas in car if you drive and maybe it pays a utility bill, but what else does that money do for you? You setup your monthly budget based on the tips that you made from the previous month right?
That being said, your employer basically gives you a menu, trains you on how “they” do things, tells you the rules, and then you’re working. You now are an independent representative of that restaurant or event venue, offering products or services to the best of your ability, and with each person, you hope to earn money for that. Yes, hope, because there is no guarantee you will get any money for your efforts. You enter into the job knowing that, yet, you do it anyway. What if you have no previous experience in serving others? You have to learn, on the job, right?
Once you get the hang of it, you begin to do things a little different. You may start getting to work a little earlier. You ask the kitchen if there is anything new or specials available. You taste certain dishes to be better able to describe them to customers. You begin recommending the place you serve to friends of yours. You get better.
Now you’ve been there over 6 months. You know everything on the food and drink menu. You know the best time to order certain items based on who is in the kitchen. You know when that cool celeb is going to eat dinner. People are asking for you specifically when they walk in the door.
And why are you doing all of this? Because you are trying to please customers to the point where they leave money on that table on on the receipt to where not only are your bills paid but you have some extra left over, right? Because why else would you work double and triple shifts??????
Did you know you can write off some of the expenses incurred at your job for your taxes? If you need a license pertaining to alcohol write it off. If you have to travel to pickup items for the restaurant, track your mileage. If you travel out of town to serve at an event, track trip expenses. Uniforms, name tags, shoes, etc, write it off.
Now, all this being said, if you are willing to work long hours on the “hope” that a lot of people will tip you “properly” for your efforts, how much more so should you be willing to own and operate your own business. Nobody really knows what can happen when you start a business. Bill Gates, Steve Jobs, Mark Zuckerburg started Microsoft, Apple, and Facebook in dorm rooms and garages. They were not instant billionaires. A lot of work, risk taking, endurance went into the building of their fortunes. Are you willing to work hard to “accomplish” a goal? Financial freedom comes at a cost. But isn’t a few years of hard work worth dozens of years of freedom? I believe it is.
How do you feel about that? Would you like your efforts result in the best outcome for you? Because no matter what, until you are calling the shots, someone else dictates what happens to you every day, every week, every month and every year. Are you satisfied with that?
So how do you move forward? You can’t quit the job you have now of course. But what are you doing when you are not working? Do you have 5 to 10 hours to research, develop, train, and operate a business on your own? What if you had people to help you as you got started?
What type of business would you start? How much money do you have to get your business started? Depending on type of business you may or may not need an office. But you will need a business license. You’ll need advertising and marketing. You’ll need equipment. You’ll need inventory. You may or may not need employees and if you do, you’ll have salaries and insurance to pay. Taxes of course comes into play on everything. The typical business takes $2500 to get started properly. Some businesses take much more to get started, especially if you’re buying into a franchise. McDonald’s it takes around $750,000 to get a franchise. Subway around $15,000. Most people don’t have this kind of money. It typically takes a business of any kind a year, three years, sometimes five years to break even and actually make a profit. Again it depends on the type of business and “structure” of your business and inevitably, how hard you work.
Did this make you think for a few seconds? If so, and if you’d like to start making considerations on what you can do to add to what you have right now, call me, 7063938426 and we can talk.
Chris
Do you know you’re running your own business when you wait tables?
Have you ever been a waitress or a waiter? What restaurant did you work? Or maybe it was an event venue. Did you serve food and alcohol? How long did you stay there? A few months? A year? Five years? How much money did you make? A little? A lot? Were you there part-time or full-time?
Think about this. When you get a job at a restaurant serving people, for all intents and purposes you’re working for free. Yes, you get some kind of stipend for the hours that you work. And yes that puts gas in car if you drive and maybe it pays a utility bill, but what else does that money do for you? You setup your monthly budget based on the tips that you made from the previous month right?
That being said, your employer basically gives you a menu, trains you on how “they” do things, tells you the rules, and then you’re working. You now are an independent representative of that restaurant or event venue, offering products or services to the best of your ability, and with each person, you hope to earn money for that. Yes, hope, because there is no guarantee you will get any money for your efforts. You enter into the job knowing that, yet, you do it anyway. What if you have no previous experience in serving others? You have to learn, on the job, right?
Once you get the hang of it, you begin to do things a little different. You may start getting to work a little earlier. You ask the kitchen if there is anything new or specials available. You taste certain dishes to be better able to describe them to customers. You begin recommending the place you serve to friends of yours. You get better.
Now you’ve been there over 6 months. You know everything on the food and drink menu. You know the best time to order certain items based on who is in the kitchen. You know when that cool celeb is going to eat dinner. People are asking for you specifically when they walk in the door.
And why are you doing all of this? Because you are trying to please customers to the point where they leave money on that table on on the receipt to where not only are your bills paid but you have some extra left over, right? Because why else would you work double and triple shifts??????
Did you know you can write off some of the expenses incurred at your job for your taxes? If you need a license pertaining to alcohol write it off. If you have to travel to pickup items for the restaurant, track your mileage. If you travel out of town to serve at an event, track trip expenses. Uniforms, name tags, shoes, etc, write it off.
Now, all this being said, if you are willing to work long hours on the “hope” that a lot of people will tip you “properly” for your efforts, how much more so should you be willing to own and operate your own business. Nobody really knows what can happen when you start a business. Bill Gates, Steve Jobs, Mark Zuckerburg started Microsoft, Apple, and Facebook in dorm rooms and garages. They were not instant billionaires. A lot of work, risk taking, endurance went into the building of their fortunes. Are you willing to work hard to “accomplish” a goal? Financial freedom comes at a cost. But isn’t a few years of hard work worth dozens of years of freedom? I believe it is.
How do you feel about that? Would you like your efforts result in the best outcome for you? Because no matter what, until you are calling the shots, someone else dictates what happens to you every day, every week, every month and every year. Are you satisfied with that?
So how do you move forward? You can’t quit the job you have now of course. But what are you doing when you are not working? Do you have 5 to 10 hours to research, develop, train, and operate a business on your own? What if you had people to help you as you got started?
What type of business would you start? How much money do you have to get your business started? Depending on type of business you may or may not need an office. But you will need a business license. You’ll need advertising and marketing. You’ll need equipment. You’ll need inventory. You may or may not need employees and if you do, you’ll have salaries and insurance to pay. Taxes of course comes into play on everything. The typical business takes $2500 to get started properly. Some businesses take much more to get started, especially if you’re buying into a franchise. McDonald’s it takes around $750,000 to get a franchise. Subway around $15,000. Most people don’t have this kind of money. It typically takes a business of any kind a year, three years, sometimes five years to break even and actually make a profit. Again it depends on the type of business and “structure” of your business and inevitably, how hard you work.
Did this make you think for a few seconds? If so, and if you’d like to start making considerations on what you can do to add to what you have right now, call me, 7063938426 and we can talk.
Chris