Entrepreneur

0 readers

1 users here now

Rules

No Personal Attacks - criticism of ideas is allowed, attacking people is not.
Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.

Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.

founded 10 months ago

MODERATORS

communick@indiehackers.space

How long time do I have to expect to work without profits, starting a bar? (alien.top)

submitted 10 months ago by Agresiivaiss@alien.top to c/entrepreneur@indiehackers.space

5 comments fedilink hide all child comments

I am planning on opening a bar, and I have no idea how long should I be prepared to work without profit? Nothing too big, but in great location with cheaper drinks

you are viewing a single comment's thread
view the rest of the comments

[–] conzola@alien.top 1 points 10 months ago

A bar, a pretty long time 3-5 years all going well, you can take a liveable wage whilst still paying debt down. Fist, work backwards, get you cost of doing business dialed in, rent, power, wate,r rates, licencing, wages, stock,etc etc and then at least have a monthly break even figure. Guess your average patronage and spent, adjust margins to suit your 'is it worth it?' profit margin