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Business advice needed.

Zak_K Avatar
9y, 4m agoPosted 9 years, 4 months ago
OK so as a finishing student me and my brother want to start up a cyber cafe style business with some repairs and sales on the side. So I thought I'd pick your brains a bit, wanted to know what trade secrets youselot could offer me?

Goes without saying, but rep for anyone who helps. Thanks by the way.

Zak.
Zak_K Avatar
9y, 4m agoPosted 9 years, 4 months ago
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(24) Jump to unreadPost a comment
Comments/page:
#1
basically have you had a knowledge in running a business before. also you will need a key location near other shops as it will attract people.
#3


Really? You think that book has infomation that would help me, and I'm only being charged 8 quid for it? Surely if it was worth while it would be sky high..?

And no, I don't have any experience in starting a business, or any experience in any firm for that matter. I do however know my stuff when it comes to computing.. and my brother has the money to invest... so juist need a bit of direction.
1 Like #4
one piece of advice would be making sure your 4 Ps are consitent with your aims and objectives and try to think of a usp that you will be able communicate with your target audience
#5
this has been tried before
there doesnt seem t be a niche
i guess location location location
cyber cafes are so 90's i think
#6
maybe incorporate video conferencing abilitys etc for local business to use
not to try to put u down but with home internet being so cheap you really have to have an amazing usp to get people interested:thumbsup:
banned 1 Like #7
jasonrat
this has been tried before
there doesnt seem t be a niche
i guess location location location
cyber cafes are so 90's i think


True.

Most people have internet at home, at work and on the go. But I always thought there is a niche in the market for things like these on holiday caravan sites. Ok people still have the likes of WAP, but it's not really economical. But, you must remember that maybe the people that stay on these sites may not need/want an internet connection. I have known people to live on the sites whilst looking to buy property - when internet is important.
#8
jasonrat
this has been tried before
there doesnt seem t be a niche
i guess location location location
cyber cafes are so 90's i think


lol.well.. once its up and running I won't have to do much. Which is why the property we will be letting will be used for storage while we start open an ebay shop, just as an insurance policy.. and perhaps even sub-let the property out to a student (we hope to get a location near a uni).

So maybe... there will be a bit of money in it.
#9
jasonrat
this has been tried before
there doesnt seem t be a niche
i guess location location location
cyber cafes are so 90's i think


He never asked if it was worthwhile. He wanted advice from people in the know. Try to keep your remarks on topic!
#10
JDeal
True.

Most people have internet at home, at work and on the go. But I always thought there is a niche in the market for things like these on holiday caravan sites. Ok people still have the likes of WAP, but it's not really economical. But, you must remember that maybe the people that stay on these sites may not need/want an internet connection. I have known people to live on the sites whilst looking to buy property - when internet is important.

thats why i said location

lots of internet cafes have opened up and closed within a year
the biggest trde secret is do your homework
do a 12 month bsiness plan work out start up costs.
theres business link which helps you out with advice and there are business angels who might be able to finance too
#11
johnnie
He never asked if it was worthwhile. He wanted advice from people in the know. Try to keep your remarks on topic!

of course itas got to be worthwhile if hes going to invest money into a project
unless of corse he's loaded and wants a hobby or something
sorry how many on here have cybercafes?
hands up not many i think
banned#12
jasonrat
thats why i said location

lots of internet cafes have opened up and closed within a year
the biggest trde secret is do your homework
do a 12 month bsiness plan work out start up costs.
theres business link which helps you out with advice and there are business angels who might be able to finance too


I agree with you.

After rent/insurance/services/utilities/other fees have been deducted, it would most likely become a struggle.

As for an ebay shop!

If your brother has a lot to invest buy a subway franchise!
#13
JDeal
I agree with you.

After rent/insurance/services/utilities/other fees have been deducted, it would most likely become a struggle.

As for an ebay shop!

If your brother has a lot to invest buy a subway franchise!


agree with the subway franchise, looked in to that a while back, if you can get a good location, you can make a killing :thumbsup:
[admin] 1 Like #14
Emphasis on the "Repairs" & "Cafe" side of things will help- cyber cafes aren't as popular as they used to be as everyone has everything they need at home..
Funky cafe bars in the right location make a killing. Try and get a store with 3 seperate areas of interest... the cafe-bar in one room (serving tapas and sandwiches will bring in customers too..) your computers in an adjoining room, and a private function room (for parties, meetings etc.) You'll also need a room where you can carry out repairs.

You need to make sure there is a market for this kind of thing in your area... how many similar businesses are nearby? On the one hand, if there is a thriving cyber cafe, you know there is a market for it, but you face stiff competition... on the other hand if there are a few cyber cafes which are just "ticking over", you know that your business might not be super-successful and you're going to have to work really hard to get their customers off them.

Take a day to walk around a few repair shops in your local area, make up a problem with your computer and ask for advice on how long they'll take to repair it and how much they're going to charge. This way you'll be able to gauge how busy they are, and how much you can undercut their prices by :)

Having a fast turnaround for repairs is crucial to winning customers- perhaps in your advertising you should focus on that too?..

Our local paper often does features on new businesses that may be starting- it's a great way of getting word out about your work..

And choose a snappy, memorable name!! :)
#15
Zak_K
I do however know my stuff when it comes to computing.. and my brother has the money to invest...


What exactly is your field of expertise in computing? if you start up a business from home your minimising your overheads already. If you have knowledge of a specific application then contract your business out, thats what I've done, 3 years ago I was an apprentice Draughtsman learning the in's and outs of AutoCAD, as well as learning other apps in my own time such as 3D studio, photoshop and other design tools, I have my qualification in mech eng and became a contractor. since then i've started my own limited company.

Although to most it seems like im employed as i work in a design office, whereas the staff lads earn around £9ph i charge my company out at £24ph, ok its not as secure as a staff position but if you know your stuff you can work 50 hour weeks for a number of years.... dont worry too much of the higher tax threshold either, i pay myself a directors fee of 104 pw which is taxed and the rest is taken as dividends shared between me and the missus. so I use her tax allowance also (great loophole)

fact is, that apart from my acountancy fee's and corporation tax i have very little outgoings so take best part of £3750 home with me, not to mention the perks of charging for VAT but paying a flat rate of 11% to VATman, giving me an extra 6.5% of my annual income bonus at end of the tax year...

What im trying to get at is use what skills you already have and try to reduce your overheads as much as possible, despite what they say, you dont always have to spend money to make money.
#16
MinstrelMan
What exactly is your field of expertise in computing? if you start up a business from home your minimising your overheads already. If you have knowledge of a specific application then contract your business out, thats what I've done, 3 years ago I was an apprentice Draughtsman learning the in's and outs of AutoCAD, as well as learning other apps in my own time such as 3D studio, photoshop and other design tools, I have my qualification in mech eng and became a contractor. since then i've started my own limited company.

Although to most it seems like im employed as i work in a design office, whereas the staff lads earn around £9ph i charge my company out at £24ph, ok its not as secure as a staff position but if you know your stuff you can work 50 hour weeks for a number of years.... dont worry too much of the higher tax threshold either, i pay myself a directors fee of 104 pw which is taxed and the rest is taken as dividends shared between me and the missus. so I use her tax allowance also (great loophole)

fact is, that apart from my acountancy fee's and corporation tax i have very little outgoings so take best part of £3750 home with me, not to mention the perks of charging for VAT but paying a flat rate of 11% to VATman, giving me an extra 6.5% of my annual income bonus at end of the tax year...

What im trying to get at is use what skills you already have and try to reduce your overheads as much as possible, despite what they say, you dont always have to spend money to make money.


I have a vert good all round general computing skills, however my expertise lie in the software side. I'm being called out literally everyday by family and friends to sort out their computing problems. Where as my brother is much more familiar with hardware (the fact that he sees 300 odd people a day would help too) who has a bit of spare cash about and when I was sorting his computer out he came up with the idea, early days yet but like someone said in this thread market research would be invaluable to me. So for now I'm just looking into the location.. as a student I would say a uni/town centre would be ideal as there would be takeaways at an arms reach.

But anyhows thanks for the help. Much appreciated.

Zak.
#17
one big rule
The more market research you do = Less risk
so do as much as you can.......
#18
Hiya well i can kinda help out with this one, Last year I went into partnership in a cafe/shop ( im working but put in money into venture as i thought this was a good investment ) We was thinking of having a cyber cafe but there is a cyber cafe few miles from my cafe which sadly doesnt do very well. People tend to use their lap tops or wait till the go home.Most customers this particular shop gets is school kids on there lunch paying 60p for a coffee then sit there for the hour messing around on the net.
Some times it not wise to mix 2 businesses together, too many cooks and all that. There is money in food infact 70% profit however by the time you paid ALL your bills,wages, rent, stock etc believe me its no gold mine unless you IN TOWN..(my OUT of town rent is 1k per month) Terrible isnt it.
Get business advice for YOUR venture, personally id stick to the Pc repair. Running one business is hard work yet along 2 combined!
IF you need any further advice, pm me and i will see if i can help.
#19
ryancs
one piece of advice would be making sure your 4 Ps are consitent with your aims and objectives and try to think of a usp that you will be able communicate with your target audience


Blimey...did you swallow a business text book? :thinking:
#20
MonkeyHugger
Blimey...did you swallow a business text book? :thinking:


Kinda ive got A levels in business
banned#21
in my view this type of business would work best somewhere where alot of people go for business purposes so they can access the internet, I think near a popular hotel would be good :)

Im always right because im sir alan

<<<<<
#22
Just a thought check this website out i use it alot and find it very intresting

Heres another link to the food and beverage section this should give you some ideas for a unique selling point etc.
#23
An idea would be to open a cyber cafe in a buisnessy area, where lots of people are in suits, and offer wifi. People can surf the net on their own laptop or something then, which I'm sure buisnessy people like to do :)
#24
Theres a few places over here that offer free Wi-Fi, So you could buy a coffee/mars bar and spend the rest of the day surfing the internet, Doesn't always work.

Maybe you could Implement some kind of time limit, 1 hour max for everyone, Then again, They're just as likely to disappear elsewhere.

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