Friends That Invest

Girls That Startup: 3 Businesses I'd Never Buy

Nov 13, 2024
The hosts share their hot takes on businesses they'd avoid, starting with the high-risk nightclub scene. They delve into the complexities of owning such ventures, including financial challenges and changing social trends. The discussion transitions to the struggles of hospitality businesses, highlighting the demanding nature and high failure rates. Finally, they tackle the car dealership model, contrasting its traditional practices with the rising popularity of online car shopping, while emphasizing the need to know one's strengths before investing.
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ADVICE

Avoid Nightclubs

  • Avoid nightclubs due to high risks, upfront costs, and fickle trends.
  • Regulations, staffing, and competition make success challenging.
INSIGHT

Restaurant/Cafe Challenges

  • Restaurants and cafes have slim profit margins due to high operating costs and staffing issues.
  • Supply chain management is crucial, and unforeseen issues can severely impact profitability.
ADVICE

Car Dealership Decline

  • Reconsider investing in car dealerships, as online car buying is on the rise.
  • Car dealerships profit from financing and add-ons, which may not align with ethical business practices.
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