The Aussie Pinball Arcade
Aussie Pinball Forums => General Chat - Non Pinball/coin-opp Discussion => Topic started by: mildflame on December 31, 2011, 08:19:51 PM
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What's required to open a small business
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Eg pizza pinball bar
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There are a number of issues. Here is a start.
http://www.business.gov.au/Howtoguides/Startingabusiness/Pages/default.aspx
There maybe government funding available, depending on the circumstances
http://www.deewr.gov.au/Employment/JSA/EmploymentServices/Pages/NEIS.aspx
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Nice idea.. but need cash and plenty of it for a pizza bar.. youll also need a food licence thats above sandwiches,
But if you go ahead with it.. let me know, ill neon it up for you
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Haha thanks Gavin. I'll look into it but at the moment it's just a dream
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Personally, I would say wait until you are 35yo
Running a business is a more than full time job, for the first few years you will have zero income but have to work 80 hours a week
You should be going out, enjoying life, making mistakes, meeting people
THEN, when you have some ‘life experiences’ behind you, you can think about starting your own bussiness
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If ya dont mind mildflame, I will give u a few tips on running your own business. What i have written needs to be looked at in a fun and light hearted way. Keep it fun so to speak. Petes advice is good in todays economy and for most unless u are a risk taker ?. Are u a risk taker ? hopefully. If you are only 14 or 15 yrs old, save the advice i have jotted down for when ya turn 18 etc. But, if u see yourself as a risk taker, then read on.
I decided about 20 yrs ago to bet on myself rather than working for people who had half the brains and paid themselves twice as much. We have all met people whilst being employed and thought the management/boss's were a joke, hence I became self employed just after i turned 20 ish and have never looked back.
a few simple steps for anyone young to follow if you want to live ya dream.
1. believe in yourself.dont listen to the majority.the majority will tell u that u will fail. if u listen to them, u will. Only seek advice from people who want to help you.
Be careful of people who will shoot down every idea you come up with. 99 percent of people will discourage every idea you come up with. some people will give u every chance and wish you luck. go with the later. Some people will bend over backwards to see u get ahead.older people will always give a younger bloke a hand.
2. dont even try n start a business today that requires weekly rent, wages and outgoings. These businesses mostly fail because the running costs are too big.
3. start small, start partime. you can be employed to bring in the income u need to live, but work on your business ideas after work and on weekends. if u are to be employed, get a job where there is a base salary plus commission. commission jobs that pay bonuses on performance can pay a young bloke Alot of $. ALOT $.
4. pick a trade or profession where u see people making lots $. copy them. ask those people for a start or for some advice.
5. have fun doing what u do. if you hate it, dont do it. its likely u will succeed at something u enjoy.
6. treat people in business how u like to be treated. be the boss u always wanted so to speak.
7. dont be greedy and share in your success.
8. starting out today, definately make the internet part of your business.
9. be wary of partnerships in business. 99percent fail.dont make ya wife ya business partner either.divorce takes half ya business. work n play dont mix. mostly.
10. save and be frugal with ya money. saving is as important as earning. and be patient. being patient is the spice of life with being self employed.
These ofcourse are general ideas i have found have worked for me over the last 20 years. I started with $50 worth of business cards and some sweat. Make family n friends your first priority, not $. Have fun along the way and meet as many people along the way as u can. People make businesses work, not always ideas ^^^ ^^^
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Personally, I would say wait until you are 35yo
Running a business is a more than full time job, for the first few years you will have zero income but have to work 80 hours a week
You should be going out, enjoying life, making mistakes, meeting people
THEN, when you have some ‘life experiences’ behind you, you can think about starting your own bussiness
im 29 and me and the missus have a small buis, lots and lots and lots of work, but the work isnt the problem, its dealing with the general public, to put it nicely they are f**k wits lol.
Our biggest killer is wages, electricity and gas, and you will need to employ people, also three rules i live by, never employ family or friends, never steal form your own buisness, always pay for everything you use personally, know that it doesnt matter how much money is in the buisnesses bank, it is not your money to spend. every buisness operator i know who spends buisness money for their personal use, always ends up going broke, and last of all pay cash for as much as possible
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Wow! Thanks for the responses guys. It's sorta a dream me and my dad have had for over a year now. Just open the doors on a Saturday night and put out a sign to play pinball and eat pizza. The "business" would only be open... Say 2 nights a week... If that. I guess it wouldn't exactly be called a business but I'm not too sure what else I can call it.
Would something as small as that affect things like centrelink payments?
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I imagine that any income would be looked at by Centerlink? Ask them....or better still, maybe make yourself a job and then you won't need to rely on handouts?
There is no way you could cover the rent if you are only open a few hours here and there....do the sums.
Good luck with it if you proceed.
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I do not know the differnces between VIC and SA, but if you are planning on selling food, there is a LOT more to it than you realize
First up, you are planning on serving food, you need to do a food handlers course
Someone on the premises needs to be in charge, they will then have to do the food supervisors course
How is your kitchen? Everything tiled and sealed?
I hope you do not have pets, any hint that they have been in the food prep area is a no-no
You will need to contact your local council to get their guidelines on operating a food premises
How are the pinball machines? You will need to get an electrical safety inspection done on them (every 6 or 12 months)
How is your insurance? You will need public liability insurance if you have paying customers
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My advise would be to speak to an accountant who will advise you on the planning and running of the Business.
From what I've experienced watching others start up small business, you need to plan ahead, budget and work long hours before you reap any benefits.
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If ya dont mind mildflame, I will give u a few tips on running your own business. What i have written needs to be looked at in a fun and light hearted way. Keep it fun so to speak. Petes advice is good in todays economy and for most unless u are a risk taker ?. Are u a risk taker ? hopefully. If you are only 14 or 15 yrs old, save the advice i have jotted down for when ya turn 18 etc. But, if u see yourself as a risk taker, then read on.
I decided about 20 yrs ago to bet on myself rather than working for people who had half the brains and paid themselves twice as much. We have all met people whilst being employed and thought the management/boss's were a joke, hence I became self employed just after i turned 20 ish and have never looked back.
a few simple steps for anyone young to follow if you want to live ya dream.
1. believe in yourself.dont listen to the majority.the majority will tell u that u will fail. if u listen to them, u will. Only seek advice from people who want to help you.
Be careful of people who will shoot down every idea you come up with. 99 percent of people will discourage every idea you come up with. some people will give u every chance and wish you luck. go with the later. Some people will bend over backwards to see u get ahead.older people will always give a younger bloke a hand.
2. dont even try n start a business today that requires weekly rent, wages and outgoings. These businesses mostly fail because the running costs are too big.
3. start small, start partime. you can be employed to bring in the income u need to live, but work on your business ideas after work and on weekends. if u are to be employed, get a job where there is a base salary plus commission. commission jobs that pay bonuses on performance can pay a young bloke Alot of $. ALOT $.
4. pick a trade or profession where u see people making lots $. copy them. ask those people for a start or for some advice.
5. have fun doing what u do. if you hate it, dont do it. its likely u will succeed at something u enjoy.
6. treat people in business how u like to be treated. be the boss u always wanted so to speak.
7. dont be greedy and share in your success.
8. starting out today, definately make the internet part of your business.
9. be wary of partnerships in business. 99percent fail.dont make ya wife ya business partner either.divorce takes half ya business. work n play dont mix. mostly.
10. save and be frugal with ya money. saving is as important as earning. and be patient. being patient is the spice of life with being self employed.
These ofcourse are general ideas i have found have worked for me over the last 20 years. I started with $50 worth of business cards and some sweat. Make family n friends your first priority, not $. Have fun along the way and meet as many people along the way as u can. People make businesses work, not always ideas ^^^ ^^^
All Great advice that myself and my housemate will definitely both take on board, as we have each started our own small businesses *%* *%* She has started a small animal (rabbits, guinea pigs etc) grooming business called Superklean Critters, and me.. well.. see my avatar pic #@#
After i read your post i got her to read your advice you gave mildflame, and she said to tell you she agrees 100% with everything you said as this is stuff she learnt in her Small Business Management course. ^^^ ^^^ ^^^
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That is all very sound advice IMHO.
I'm retired now, but owned & operated a small retail biz for 10 years.
Just remember the old adage "No business plans to fail - they fail to plan"
Take heed from what our members have said, do your research, do the numbers, develop a business plan, raise the seed capital, get totally committed then implement YOUR imagination.
And most importantly, remeber to offer all of us a free pizza & games!
Best of luck
PP
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My advise would be to speak to an accountant who will advise you on the planning and running of the Business.
From what I've experienced watching others start up small business, you need to plan ahead, budget and work long hours before you reap any benefits.
when we were inquiring about thsi sort of thing that is the first thing we did.
also you would take a myob course unless you can afford to pay an book keeper every week to come do the masses of paper work,
you would struglle to make ends meet at opening one or two days a week,
to give you an idea of over heads to run a cafe, ours costs about $400 grand a year to run and we are a small one.
you would have to talk to your council about town planing scheme to see if you can settup the style shop you talk about, it would be best to buy an already established cafe like we did, starting new with commercial equipment is very very expensive to get shop fitted out. but that isnt the best benefit of buying a cafe already there, the best part is it has already been settup with council for food, and so you already bypass allot of redtape. a business in town here where i live, wanted to setup a sandwich shop that sells other things, they paid $120grand to buy the existing takeaway shop just to close it down and too use the shop and lease, they didnt buy the building they bought the buisness so they could rent it, they could have rented the empty shop next to it, but it wasnt setup for food and would have been allot of red tape, so they paid big money just to close a shop down and reopen it as another shop. so your best bet is look for a business selling up and in the climate it is atm it shouldn't be too hard to find one.
you could not just start a dodgy shop and try and avoid the above, you will be shut down and serious fines.
we have $80million dollars worth of public liability which is what council has dictated us to have, we must have that sort of liability or council will not let us operate. they made us double that from the precious year which was $40mill. its allot of work to settup, but i dont want to talk you out of doing it because i love the idea of a person going out and doing this, im just giving you a bit of info. so first step i would take is, take a business course, learn myob, do a food safety course which isnt that hard, find a place or business you are interested in, tlak to accountant, talk to the bank, talk to real-estate who is selling the business, then talk to lawyers, then talk to council, then you work out where you are at. i was a bit lucky as i have always worked for small business, had good idea what to do, and also i had family who were real-estate people so i knew what i had to do with buying a business. our cafe has the same food safety standards you would use if a full blown restaurant, but i help settup our junoirs to learn this stuff, they are on hospitality trainee ships, and business and retail trainee ships. i was put on these sort of things by my employers when a junior and helped me out to know all this sort of stuff,
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one modification to my earlier advice, successfully married poeople with kids can run a business together very well. that advice about the wife not being a great business partner was really aimed at say newly weds who were say 18 yrs of age. new marriages are hard enough without massive business pressure. but husband wife combos can work extremely well. i wanted to put that in context.
..and the food industry, would have to be one of the hardest businesses/trades of them all to make a dollar. so dam expensive to operate with small profit margins. I remember when i was a 12 yr old kid, and a oldman wheeler dealer gave me some advice about being an Entrepreneur. He said the following >
"you can sell one thousand ice creams and make a dollar a icecream, but you have to buy the stock, keep them refrigerated, find somewhere to sell them from, pay a person to stand behind the counter, and u can then make some money but it will be slow, hard work with lots of hassles, or u can just sell the icecream making machine to someone and make a thousand dollars on the sale and not have all the hassles and make the money in a ten minute period".
I decided to sell ice cream machines all my life ,so to speak. Being a salesperson paid on performance, or a buyer and reseller, or a wheeler dealer, whatever u want to call it, is the way to make money today if u want to be your own boss ^^^
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!*!and the food industry, would have to be one of the hardest businesses/trades of them all to make a dollar. so dam expensive to operate with small profit margins. I remember when i was a 12 yr old kid, and a oldman wheeler dealer gave me some advice about being an Entrepreneur. He said the following >
"you can sell one thousand ice creams and make a dollar a icecream, but you have to buy the stock, keep them refrigerated, find somewhere to sell them from, pay a person to stand behind the counter, and u can then make some money but it will be slow, hard work with lots of hassles, or u can just sell the icecream making machine to someone and make a thousand dollars on the sale and not have all the hassles and make the money in a ten minute period".
I decided to sell ice cream machines all my life ,so to speak. Being a salesperson paid on performance, or a buyer and reseller, or a wheeler dealer, whatever u want to call it, is the way to make money today if u want to be your own boss ^^^
Gonna get even harder to be in the food industry once July comes and the carbon tax hits... pre cooked food will be expensive to cook and expensive to buy