1-Calculate the gross cost of setting up a cafe

-with reference to the average monthly revenue in Hong Kong cafe, calculate how many years could you win the cost back.

-analyze your financial situation-> could you afford the lost?

2-Do you know exactly about the legal system of a partner firm?

-Do you know about the legal system in dealing with partner(frd)’s disputes?(if any)

Alex's group

-upfront cost/underlying expenses:rent training /design

2.necessary skills /knowledge

-sales and marketing :promotion

-operation:making cafe

-human resources:hiring staff

-management

3.Authentic interest/ability to face challenges

-starting a business is tough

-bleak future of catering business:monopolistic firms

—Dave’s group

Economy situation:

high inflation and high interest rate. Cost of opening a restaurant increased drastically.

Staying the job -> lower risk -> build capital for opening restaurant -> wait a good opportunity

X job too tedious -> may continue for a while

If you really want to raise capital quickly then all on red

-financial stability

-true passion?

Calculate how much you could save over the next 1–3 years and whether this would significantly impact your ability to start the café.

Consider your current expenses, debts, and financial obligations. Would leaving your job now put you or your future business at risk?

2.Consider the future prospects of your current job

3.consider the difficulties of starting a new business

-capital needed

-skills

*try to do part time job in some cafe:Use evenings/weekends to research the industry, take business courses, or host small pop-up events to test your concept.

Hamster’s group