The main obstacle I see in my dream to open a hot dog stand is the fact that I cannot afford to run it myself.
Our current business is a full time job for both myself and my wife, and quite frankly for either one of us to quit or cut back in order to operate a hot dog stand would mean a substantial cut in income. That just wouldn’t make any sense.
So my only choice would seem to be to hire someone to run the hot dog business. But who? Where do you find a competent and trustworthy individual willing to work at a wage you can afford to pay at a hot dog stand?
I’ve thought of maybe a partnership with someone who could run it, but I’ve had partnerships in the and they always seems to go sour after awhile.
So why bother with a hot dog stand at all? I dunno. Ego, maybe? It’s just always been a dream of mine (along with owning a restaurant/bar, a coffee shop, a live-music club, an independent record label, a bed & breakfast, and a number of other things). I guess I’m just an entrepreneurial type who loves the process and challenge of the start up. I’ve started a number of varied business’s in the past – an entertainment paper, a classified auto magazine, an advertising agency, a cartoon map company, an airbrush t-shirt business – all with varying degrees of success. But as soon as it’s off and running and has proven somewhat successful, I tend to get bored and want to move on to a new challenge.
However, my current business is too lucrative to leave, so I can only realistically look at this hot-dog stand as a hobby that can possibly turn a profit.