Starting a business has always been a dream of mine. I always wanted to own a restaurant, but I never thought it would be so hard.
I thought that I would make a lot of money quickly and easily, but it hasn’t been that way at all. In fact, I’ve actually lost money in the business because I was too generous with my friends.
Put in a lot of hard work
I opened the restaurant about a year ago, and I was so excited to get started. I had worked hard to make sure everything was perfect, and I had high hopes for the business. I was sure that I was going to make a lot of money quickly and easily.
However, I quickly realized that I was wrong. Running a restaurant is a lot of work, and it doesn’t always bring in the money I had hoped for. I started to get discouraged and frustrated, and I was ready to give up.
My friends came to support after hearing I was not doing well
My friends came down to support my business after hearing that I was not doing well.
As I was a person with ego and wanted to show them I was doing well and profiting, I gave them a discount on their first visit and then decided that I need to match what I told them.
So, I started letting them dine at my restaurant for free. Whenever they wanted to come in, I would say yes and I wouldn’t charge them. I thought I was doing them a favor, but it ended up costing me a lot of money.
Checked my finances and realised I was not doing well
I didn’t realize how much money I was losing until I started to look at my finances. I had been so generous with my friends that I was losing money every time they came in.
I had to pay the staff, buy the food, and cover the costs of running the restaurant, and my friends weren’t contributing anything.
It was a hard lesson to learn, but I realized that I had to start charging my friends for their meals. I didn’t want to do it, but I had to if I wanted to keep the business going. I still thank them for all their support, but now I make sure to bill them whenever they come in.
Running a business is never easy, and it’s even harder when you’re too generous with your friends. I learned the hard way that I need to make sure that I’m getting paid for the services I provide. It took a while, but I eventually figured out how to make my business profitable.
I’m still learning a lot every day, and I’m sure that there will be more mistakes down the road. But I’ve learned my lesson, and I’m not going to be too generous with my friends anymore.
I’m going to make sure that I’m getting paid for the services I provide so I can keep my business running.