How much imaginary cash are you going to provide me for this imagined business? Money aside I would like to start a hot dog stand.
Hamburger joints are everywhere you look. Hot dog stands, though? They’re few and far between. Want a hot dog? Your best bet is either firing up the grill at home or catching a ball game. Now chicken—ever since the Colonel started frying it, everyone’s jumped on the bandwagon. Walk down any main street in a decent-sized town and you’ll spot competitors on practically every corner.
The biggest challenge in food service is razor-thin margins. You might think you’re profitable until an unexpected bill or tax hits. That’s why I chose hot dogs. Buns, hot dogs, mustard, ketchup, and onions—simple. I sell chips and soft drinks on the side to round things out.
Then all you need is a pot to heat the hot dogs, a cash register, and a location to set up shop.
It’s either that or all-day simmered spaghetti and meat sauce. Spoon it into a paper bowl and watch the profits roll in. No competitors offer it this way.