Blazin Bill's

Pineedles · 08-01-2011, 07:27 PM

As a small business owner may I say it is all about, "do I have enough cash to survive with a negative balance for 2 years? And BTW that includes not paying myself for anything concerning the time I put in, for at least that time period." Too bad, if this is the story. Everyone thinks they can run a restaurant. It's one of the toughest businesses to be in!

brk-lnt · 08-01-2011, 08:32 PM

Quote:

Originally Posted by Pineedles

As a small business owner may I say it is all about, "do I have enough cash to survive with a negative balance for 2 years? And BTW that includes not paying myself for anything concerning the time I put in, for at least that time period." Too bad, if this is the story. Everyone thinks they can run a restaurant. It's one of the toughest businesses to be in!

You are totally correct. My "core competency" is starting businesses, mostly in technology-related sectors, but I've advised people on starting and raising funding for ice-hockey rinks, paving companies, commercial real-estate, and a dozen other random things.

Very frequently everyone only assumes best-case scenarios and never accounts for all the random overhead, unexpected expenses, price increases, lack of product availability and so on. So often people are caught off-guard for very predictable common problems.

Belmont Resident · 08-02-2011, 01:46 PM

The guy down the street from us who built a 350k house in a 200k area. No market survey just went to town and originally priced it close to 500k.
The house has been on the market for something like 6-7 years and he’s stuck living in it.

jetskier · 08-02-2011, 07:00 PM

This economy will part a fool and his/her money very quickly.

Jetskier

sa meredith · 08-02-2011, 07:03 PM

Quote:

Originally Posted by jetskier

This economy will part a fool and his/her money very quickly.

Jetskier

...as will gambling, drugs, booze, women....

Mr. V · 08-03-2011, 11:02 AM

Quote:

Originally Posted by sa meredith

...as will gambling, drugs, booze, women....

... as will raising children, hobbies, church ...

gonetoolong · 08-04-2011, 09:18 AM

Outta the last 3 post's, I'd have to vote for SA's methods.....

guyfromMA · 08-06-2011, 01:25 PM

Did not get a chance to eat at Blazin' Bills, but every time I drove by during my weeks vacation (at least once a day-at different times) the parking lot was always full. It appears to be extremely popular, and it has a great location.

Overlake97 · 08-07-2011, 07:49 AM

Quote:

Originally Posted by guyfromMA

Did not get a chance to eat at Blazin' Bills, but every time I drove by during my weeks vacation (at least once a day-at different times) the parking lot was always full. It appears to be extremely popular, and it has a great location.

Guy from MA: Are you sure you're thinking of the right place?

Most of the earlier posts refer to the emptiness of the parking lot, and that's also been my experience.

jrc · 08-07-2011, 09:23 AM

There seems to be a back story on Blazin Bills, that struggles to get out. How did he run into problems so fast and run out of business so fast?

There are a lot of American Idol moments in the restaurant business, but wow that was fast. By Idol moment, I mean in the first few weeks of the season, when people who have been encouraged as great singers by their friends and families, find out they have no talent.

guyfromMA · 08-07-2011, 12:07 PM

Quote:

Originally Posted by Overlake97

Guy from MA: Are you sure you're thinking of the right place?

Most of the earlier posts refer to the emptiness of the parking lot, and that's also been my experience.

I know it was Blazin' Bills because of the sign and the old WP building..

On several occasions i passed by i noted a good amount of cars(maybe 10 or so-parking lot seems a bit small);although after considering your post, it just occurred to me that those could be employee cars.

Resident 2B · 08-07-2011, 12:12 PM

I believe some people are parking in his lot and going to the beach. It saves them the $10 fee at the beach lot and with no one around to stop them, it happens.

R2B

jkjoshuatree · 08-07-2011, 12:38 PM

Quote:

Originally Posted by guyfromMA

I know it was Blazin' Bills because of the sign and the old WP building..

On several occasions i passed by i noted a good amount of cars(maybe 10 or so-parking lot seems a bit small);although after considering your post, it just occurred to me that those could be employee cars.

And it was closed and didn't see any cars in the parking lot.

08-02-2011, 01:46 PM	#3
Belmont Resident Senior Member Join Date: Apr 2004 Location: Belmont NH but prefer Jackman Maine Posts: 1,857 Thanks: 491 Thanked 410 Times in 251 Posts	kinda like The guy down the street from us who built a 350k house in a 200k area. No market survey just went to town and originally priced it close to 500k. The house has been on the market for something like 6-7 years and he’s stuck living in it.

08-02-2011, 07:00 PM	#4
jetskier Senior Member Join Date: Apr 2004 Location: North Reading, MA and South Down Shores Posts: 854 Thanks: 57 Thanked 183 Times in 114 Posts	Yup This economy will part a fool and his/her money very quickly. Jetskier

08-04-2011, 09:18 AM	#7
gonetoolong Member Join Date: Jan 2007 Posts: 40 Thanks: 12 Thanked 24 Times in 8 Posts	All in All..... Outta the last 3 post's, I'd have to vote for SA's methods.....

08-01-2011, 07:27 PM	#1
Pineedles Senior Member Join Date: Aug 2004 Location: Moultonborough & CT Posts: 2,549 Thanks: 1,074 Thanked 670 Times in 369 Posts	As a small business owner may I say it is all about, "do I have enough cash to survive with a negative balance for 2 years? And BTW that includes not paying myself for anything concerning the time I put in, for at least that time period." Too bad, if this is the story. Everyone thinks they can run a restaurant. It's one of the toughest businesses to be in!

The Following User Says Thank You to Pineedles For This Useful Post:
KPW (08-02-2011)

08-06-2011, 01:25 PM	#8
guyfromMA Junior Member Join Date: Aug 2011 Posts: 4 Thanks: 0 Thanked 0 Times in 0 Posts	Did not get a chance to eat at Blazin' Bills, but every time I drove by during my weeks vacation (at least once a day-at different times) the parking lot was always full. It appears to be extremely popular, and it has a great location.

08-07-2011, 09:23 AM	#10
jrc Senior Member Join Date: Apr 2004 Location: NH Posts: 2,689 Thanks: 33 Thanked 439 Times in 249 Posts	There seems to be a back story on Blazin Bills, that struggles to get out. How did he run into problems so fast and run out of business so fast? There are a lot of American Idol moments in the restaurant business, but wow that was fast. By Idol moment, I mean in the first few weeks of the season, when people who have been encouraged as great singers by their friends and families, find out they have no talent.

08-07-2011, 12:12 PM	#12
Resident 2B Senior Member Join Date: Apr 2004 Location: North Shore, MA Posts: 1,358 Thanks: 996 Thanked 314 Times in 164 Posts	I believe some people are parking in his lot and going to the beach. It saves them the $10 fee at the beach lot and with no one around to stop them, it happens. R2B