What business / venture have you tried that didn't work aand what have you learnt

ElementZero

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Joined
Sep 26, 2008
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342
So guys,

What business or venture have you tried that just did not work , what lessons have you learned from it for future businesses that you may want to setup.
 

^^vampire^^

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Feb 17, 2009
Messages
3,877
Selling hardware and computer games. Impossibly tough market to compete in.

Learned to get the company off the ground before wasting money on company registration etc and don't go into business with friends, especially if their skill set is similar to yours. Make sure you involve people who can make the company work.
 

minty203

Active Member
Joined
Jun 25, 2013
Messages
87
Wors rolls

Started selling wors rolls in town on Saturdays.

Did it for two weeks and then stopped because I could make more doing other things on a saturday morning. Made a loss the first week, almost broke even the second week. Too much effort for too less money. That was a year ago.

Looking back though, I should have kept it going for longer, until people in the area became regular customers, and by now, I believe it would have been worth my while.

I'm thinking of doing something like that again. Just to prove that it is possible to start something small and make a living out of it. Maybe the next time, I'll document the whole thing, figures included, and post it all online, so that others who want to start up something have a guideline of whats good and whats not, what to watch out for, whats involved.

Perhaps thereafter, start up other small ventures, and document that too. Maybe have a go-to guide for entrepreneurs who want to start up small businesses. Maybe make it a social thing where others can post about how they started up too.

Anyways.
 

HavocXphere

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Oct 19, 2007
Messages
33,155
@wors - shop close to my work place sells soup & they must be coining it. Ingredients are good quality but low quantity of meat. And yet somehow it works... People are willing to buy it despite it being a pretty easy to make and cheap thing. I guess location is important for cornering the lunch market...
 

saturnz

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Joined
May 3, 2005
Messages
19,666
I've done alot of business in my life, I had my first business when I was 13, a tuck shop that I ran in a clothing factory. That was my only "formal" business that I owned, which dissolved four years later when the factory closed.

Since then I've done alot of business with alot people, although cars is what most people know me for I've also facilitated other deals including recently the fibre optic cable that was installed in my building.

The biggest lesson I've learned is that you should never trust anyone no matter what they tell you, make sure everything is in writing and do not be afraid to spend money on a lawyer to protect your interests.

I consider myself a social entrepeneur these days, looking for opportunities that improve the plight of many without seeking financial reward for myself. I've supported a drug rehab center for the past year, approaching sponsors and assisting with there non core work.
 
Last edited:

zenmeister

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Joined
Dec 16, 2012
Messages
140
This thread came at the right time in my life I work an 8-5 job but the salary is never enough looking at a small start-up to make extra cash currently I make spare change by selling text books to university students, I order online it gets delivered at work and I take it to them cause I stay right behind the university. I'm looking at starting a weekend food stall as well in the near future. Just a quick question though regarding food stall eg selling wors rolls is there permits that need to be applied for or do I need to have a registered company?
 

zenmeister

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Joined
Dec 16, 2012
Messages
140
Started selling wors rolls in town on Saturdays.

Did it for two weeks and then stopped because I could make more doing other things on a saturday morning. Made a loss the first week, almost broke even the second week. Too much effort for too less money. That was a year ago.

Looking back though, I should have kept it going for longer, until people in the area became regular customers, and by now, I believe it would have been worth my while.

I'm thinking of doing something like that again. Just to prove that it is possible to start something small and make a living out of it. Maybe the next time, I'll document the whole thing, figures included, and post it all online, so that others who want to start up something have a guideline of whats good and whats not, what to watch out for, whats involved.

Perhaps thereafter, start up other small ventures, and document that too. Maybe have a go-to guide for entrepreneurs who want to start up small businesses. Maybe make it a social thing where others can post about how they started up too.

Anyways.

If you enjoyed it go back yo know more now than you did back then. All the best.
 

Batista

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Joined
Sep 2, 2011
Messages
7,909
I left my comfy programming job for personal training.Found out that im not a people person lol..so failed hard.Back at programming now and even started a side business doing the same thing.
 

GreyBush

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Joined
Apr 28, 2010
Messages
6,380
I left my comfy programming job for personal training.Found out that im not a people person lol..so failed hard.Back at programming now and even started a side business doing the same thing.

Did you batista bomb one of the fatties?
 

Ancalagon

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Joined
Feb 23, 2010
Messages
18,140
I left my comfy programming job for personal training.Found out that im not a people person lol..so failed hard.Back at programming now and even started a side business doing the same thing.

Did the training programs you made for your clients have control statements in them?

If Hungry Then
Eat Something Healthy
End If
 

Batista

Executive Member
Joined
Sep 2, 2011
Messages
7,909
Did you batista bomb one of the fatties?

I pushed them past what they thought they could do, then im the bad guy for trying to helping their fat arse loose weight? lol

Did the training programs you made for your clients have control statements in them?

If Hungry Then
Eat Something Healthy
End If

LOL! The gym owner and I didnt see eye to eye aswell. He was all about eating anything and working extra hard and im in the camp of eating smart and working smart(You see programming influences everything in my life!)
 

minty203

Active Member
Joined
Jun 25, 2013
Messages
87
This thread came at the right time in my life I work an 8-5 job but the salary is never enough looking at a small start-up to make extra cash currently I make spare change by selling text books to university students, I order online it gets delivered at work and I take it to them cause I stay right behind the university. I'm looking at starting a weekend food stall as well in the near future. Just a quick question though regarding food stall eg selling wors rolls is there permits that need to be applied for or do I need to have a registered company?

I dont know about the legalities of the thing.

I did it like this:
I knew the owner of the business I was selling in front of, but the pavement is the councils, so I guess the permission wasnt actually his to give. I kept the braai stand and table at his shop during the week, the tomato and mustard sauce in his fridge.
I had no company. Just bought rolls, charcoal, wors at picknpay after work on Friday, and rocked up there Saturday and did my thing. Not big money, like R300 to R500 worth of stuff in the start. If you need more, you can get.
I went to a church bazaar type thing once. Paid like R100 to sell there. That didnt work because the whole bazaar was a flop.

Advice from me to you
Go speak to a local shopping center manager/caretaker or tyre fitment place or car wash about selling there. High foot traffic places.
Get a braai stand and fold up table. As big as you can. If you have a bakkie or trailer this is perhaps easier. Otherwise just something that can fit in your car.
Find out prices of what you going to sell and do proper costing. Remember costs like charcoal, blitz, packaging or whatever you will be serving in.
Your selling price must be like under R20, so a guy doesnt have to think very hard before giving you his money. It should be like an on the go snack.
See if you can get somebody to help.
Look out in your area for local events, like car shows, bazaars, sports events and approach the managers to sell there.
And be prepared to not make money for a while. I think something like this will take at least 2 months to see you making money like a grand or two over the weekend.

For some extra mandelas on the weekend, I dont think you can go wrong with this.

If you enjoyed it go back yo know more now than you did back then. All the best.
Talking about it has made me excited about it again. In my head, I see a wors roll empire, franchises all over the world, forbes magazine, the oprah show. Okay theres no more oprah show, but you get my drift.
 

zizo911

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Dec 24, 2010
Messages
9,403
Private tuition . It's hard juggling but people are willing to pay big money for it.
 

Jozsef Borbely

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May 29, 2013
Messages
172
Talking about it has made me excited about it again. In my head, I see a wors roll empire, franchises all over the world, forbes magazine, the oprah show. Okay theres no more oprah show, but you get my drift.

lol, go big or go home
 

Batista

Executive Member
Joined
Sep 2, 2011
Messages
7,909
Why cant you do this full time? what barriers are in your way?

My lazyness..Im working with an entrepreneur and he is starting companies left right and center.SO i do his websites as well as his systems.The thing stopping me is my own time.After working a full 9-5 i have to come home, reset and then start working again.This is between all the commitments(and gaming) i have in my household.

Also I have a bond to pay and im not letting go of my secure job to try a venture full time.
 

zenmeister

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Joined
Dec 16, 2012
Messages
140
Talking about it has made me excited about it again. In my head, I see a wors roll empire, franchises all over the world, forbes magazine, the oprah show. Okay theres no more oprah show, but you get my drift.[/QUOTE]

That's the spirit go for Forbes.com here you come.
 

Alton Turner Blackwood

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Joined
Apr 30, 2010
Messages
27,483
This thread came at the right time in my life I work an 8-5 job but the salary is never enough looking at a small start-up to make extra cash currently I make spare change by selling text books to university students, I order online it gets delivered at work and I take it to them cause I stay right behind the university. I'm looking at starting a weekend food stall as well in the near future. Just a quick question though regarding food stall eg selling wors rolls is there permits that need to be applied for or do I need to have a registered company?
Think of it like this:

If you run a business on my property
a) I would like you to ask for my permission first
b) I would like to know what you are feeding people who are on my property
c) I would like to be able to contact you should people complain about the food you're feeding them
 
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