Head to head: How much experience do you need to start your own business? “Generation Y”, as they are often referred to, are an entrepreneurial bunch.
Sean Johnson @intentionally. When I was a freshman in college I started my first company running my own painting business.
Every weekend during my spring semester, I took the Greyhound bus 90 minutes down to where my parents lived and spent the weekend knocking on doors trying to convince people to let me paint their house. I managed to sell around $50,000 worth of work – not bad for an 18 year old. I hired a bunch of my buddies who had as much experience as I did (which was none) and made every mistake you can make as a business owner. I ended up firing my friends and completing the last couple houses on my own. Standing on a ladder in the August sun painting while your newly unemployed buddies are at the pool isn’t fun. 5 Tips for Setting Your Salary as Business Owner.
If you’re a sole proprietor with no employees and very little business overhead, what you pay yourself is pretty much what you earn in sales minus your costs and taxes.
But what happens when your business grows, or you enter a partnership, or take on employees – how do you determine what your salary should be? As a business owner, setting your own salary can be a tricky task, especially in markets that see highs and lows. Here are a few tips to help you determine the best way to "pay the boss.” No Magic Formula There is no magic formula for setting your salary because so much depends on the development stage of your business and how it’s doing. The Average Salary for Small Business Owners Is $68K. Entrepreneurs are feeling more optimistic about their futures. / Credit: Man with calculator image via Shutterstock Entrepreneurs opening a small business in hopes of hitting it rich might want to dial down those expectations, new research shows.
A study from American Express OPEN revealed that while more than half of small business owners pay themselves a regular salary, they are receiving an average salary of $68,000 annually, down from $72,000 a year ago. In addition, nearly 15 percent of small business owners need to work a second job while running their business in order to make ends meet. Despite that, small business owners feel there is a lot to look forward to in the year to come. More than half of those surveyed have a positive outlook regarding their business prospects over the next six months, while more than 4 in 10 are confident that their revenues will increase. The rise of cat cafes: the perfect solution for animal lovers who can't have pets. Owning a pet makes us healthier and happier, but for many of us, long hours at work, tight budgets and small flats means it’s just not feasible.
But there’s good news for animal lovers; you can now cosy up with a cup of tea while spending time with furry friends, as the global movement of animal cafés has reached the UK. The international phenomenon originated in Taipei, Taiwan where the world’s first feline café, Cat Flower Garden, opened in 1998. Curious tourists soon discovered the pet paradise and brought the concept over to Japan. The first Japanese cat café opened in Osaka in 2005, and now there are said to be nearly 40 in Tokyo alone. Japan has now gone far beyond the original concept, and some of the trendiest places to visit nowadays have owls, rabbits and goats hanging around.
The Long Regulatory Road to America's First Cat Cafe. Pending a whole lot of permits, one could open in San Francisco this summer.
Cat cafes, where guests can sip coffee while petting or playing with a cast of resident felines, have been a thing in Japan since the mid-2000s. More recently, they’ve spread to European cities like London, Paris, Vienna, and Madrid. But strict food service industry regulations have thus far made it difficult for the concept to come to the United States. Reddit: How do I create a business plan for a cat cafe? : needadvice. Cat Cafes Can Be A Force For Good. Here's How. Cats are no strangers to shop life – they’ve lived in bookstores and libraries for ages, and have made a living for thousands of years by doing what they do best: Lounging in the background, snoozing on bookshelves and catching rodents.
But the explosion of cat popularity on the internet has placed new pressure on felines: Grumpy Cat attends music events,Lil’ Bub has been spotted at movie festivals and now, the sudden, global expansion of the cat cafe. The first cat café opened in Taiwan almost 20 years ago and the idea quickly spread to Japan and Europe, where people typically pay an entry fee to spend some time petting or playing with resident cats. Vets Share Cat Café Concerns. Veterinary organisations are calling for feline welfare to be the top priority at cat cafés.
Cat cafes, first popularised in Japan, are opening across Europe, with proposals for a new business in London recently reported in the media. The British Small Animal Veterinary Association and International Cat Care are calling for the welfare of cats involved to be the primary consideration. Busy lives and limitations on rental agreements can make it impossible for some animal lovers to own a pet. In cat cafés patrons are able to pay to spend time with the cats on the premises – usually for an hourly fee or cover charge. Research shows numerous health benefits associated with animal ownership, including reduced stress levels and lowered risk of heart disease.
Generally cats are not a social species, and naturally occurring groups of cats tend to be made up of related females and their offspring. What Entrepreneurs Can Learn from Purringtons Cat Cafe. Over a year ago, I first heard the rumor that a cat cafe had opened in London.
To me, it seemed a whimsical, storybook sort of place, where one could get a cup of tea and pet a cat at the same time. Charming, I thought, but a bit unbelievable—did such an establishment really exist? After a bit more research, I learned that these cafes were quite real, and first gained popularity in Japan, where tiny apartment dwelling often makes it impossible to keep pets. As much as I was tickled by the idea of playing with kitties while having a cup of coffee, I brushed it off as a novelty establishment that I would never get the chance to visit. However, the interest in cat cafes stateside is certainly growing.
An entrepreneurial epiphany It’s a story we’ve all heard before: Unfulfilled by her corporate job, Kristen Castillo longed for a new direction. “I had an epiphany” – Kristen Castillo on the founding of Purringtons Cat Lounge“I had an epiphany,” Kristen says. 1. 2. 3. 4. Not so fast. 5. 6. How to Start a Cat Cafe. Are you looking to start an unusual animal business?
You should consider the cat cafe, a business mash-up that crosses a coffee shop with a pet adoption center. Patrons of cat cafes pay an hourly cover charge to play with cats while enjoying lattes and bakery items. The cat cafe is one of the hottest animal business trends of the past decade. The first cat cafe was established in Taiwan in 1998, and the concept became wildly popular in Japan around 2004. Since then the trend has gone global and there are now cat cafes across Asia, Australia, Europe, and North America. How to Start a Cat Cafe and Capitalize on the Pet Cafe Trend. Step aside, cat cafes. The sheep cafe is the next big thing in animal playtime. Thanks Nature Cafe in Seoul, South Korea, offers live sheep to pet while you sip your coffee or tea. From soft lambs, to full-grown, shaggy sheep, the farm animals roam among magazine racks and snooze beneath guest tables.
The sheep cafe isn’t a new addition to Seoul’s cafe offerings, but it is seeing a surge of popularity this year, as followers of the Chinese zodiac are ringing in the Year of the Sheep. Confused? Pet cafes have been popular for several years in large Asian cities like Tokyo and Beijing. The cafe visitors agree. How to Open a Cat Cafe — Denver Cat Company. Step One: Determine your sources of funding. Set up a crowdfunding campaign if you don't have private sources of funding. It is unlikely you will get a business loan unless you have collateral to offer as security. Cat café Wiki. Cat cafe "Cats Republic" Saint Petersburg, Russia Female Somali in Cat Café in Tokyo A cat café is a theme café whose attraction is cats that can be watched and played with.
Patrons pay a cover fee, generally hourly, and thus cat cafés can be seen as a form of supervised indoor pet rental. Etymology Cat café has been officially recognized in the online edition of the Oxford Dictionary of English since August 2015. History