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Opening a cafe
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My friend has an idea to give up his teaching job and open up a hippy cafe/art/music venue. He has no experience in business! What are the pitfalls he should look out for? What should he do first?
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For more on marking an answer as the "Best Answer", please visit our FAQ.If I were him I think I would start off by doing one of those evening courses in setting up your own business. There is alot to think of- tax implications, accountants, solicitors etc. I wouldnt want to go into it completely blind. A fair percentage of new businesses fail in the first 12 months of trading I believe these courses help you avoid pitfalls. If not an evening course, Im sure there are books he could buy. Sounds like a fun business though I wish him luck !