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Reply to "Pros and cons of opening a cafe after retirement"
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[quote=Anonymous]Yes this is idiotic. You are envisioning the Hallmark movie version of owning/running a cafe. The reality is super early mornings, constantly paying bills, never being able to find reliable staff, constantly dealing with stuff breaking, etc. It's like the stress of home ownership, being the boss, and having a new baby, but all at once and rolled into one thing. And you will not make any money. Even if you tough it out and it's successful, it will take 5 years before you see any money, and then you still might just be scraping by. It is not a retirement job, at all. I do think it's possible to start a retirement business that isn't like this. The ones I've seen that worked were some kind of skill teaching where you rent space and start small (teach a few classes a week). I've known people who did this teaching dance to kids, and teaching music, and eventually expanded it into a bigger business with employees where they had their own space. But the key was that they were starting with something they had real skill and experience in, so it was fairly easy for them to find their initial customers and build from there. With a cafe, you are selling to the general public, and the thing you are selling is not grounded in your skill or experience unless you've been working in cafes all your life. So you're a newbie in a field with a very high fail rate. It's not worth it.[/quote]
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