What I like about this channel is that you are interviewing real entrepreneurs. People who worked really hard to get where they are and yet their story is not a one in billion case. The majority of ppl find Elon Musk likes as inspiration which are quite rare cases whereas the entrepreneurs you discuss here are much closer to an experience that most of us might eventually have and that's really powerful!
All entrepreneurs work hard! 80 hour work weeks. You think Elon Musk coasted his way through? Zuckerberg? Jobs? Disney? No! They all work hard AND smart!
I want a coffee shop, a bakery, a barbecue/smoke house joint, and a brewery! Those are my business goals! I'll get back to this comment once I have accomplished all of the aforementioned. =)
@@Iceman-xe7jo as someone who just started a business. i can say getting the capital is easy. the main thing is learning is business. if you dont know the business then you will just burn through your capital without making any money
20yrs ago you could start a business with just 20k now it's half a million , it's crazy how times changed .. thank you up flip for your quality videos it's certainly inspiring even if things are 1000x more difficult today .. future entrepreneurs just have to be more effective and innovative 👍👍
As a CPA of 30 years, I see restaurants keeping their cost of goods sold at 20% (in Dallas). And yes, a business plan is something that you keep it simple.
So inspiring! I needed to see this, especially right now. So many businesses are struggling during the pandemic, but it's still possible to build your own business and reach incredible heights.
"They make tips so it bridges the gap between what minimum wage is and what employees want." Almost got there. It actually bridges the gap between minimum wage and what employees NEED to live, thrive, and, sometimes, survive in the areas where your businesses succeed. Capitalism is tricky. It's VERY good for those who make "enough" to "lots", but it's real bad for those who barely or don't make enough.
@@UpFlip no without the startup capital you will never get the business off the ground. That is why banks make so much money charging interest on loans to do so.
@@UpFlip More media businesses would be cool to see (like video production businesses, voice actors, website design, etc...). I know we have a lot of that stuff here in the in the NW, so it would be cool to see how other people are successful in those types of businesses.
I Really Love Your You Tube Show, 2017 I Orded A 8x10 VNose Trailer For My Wife, But Due Because Tine And Money Wasnt On My Side I Decided To Put The Project On Rest Until I Can Come Up With Some Kind Of Idea And Start From Scratch, My Trailer Basically Has One Door On Driver Side with Concessional Service Window and All Plywood Surface. So That Tells You I Have A Whole project Ahead.....Your Video Really Inspires Me Not To Give Up,,, You Really Bring Hope To Me And My Wife....Thank
Biz plan on one sheet of paper....have it ready before you start the biz....a gem that's in all of the casual / formal biz text books. He makes it sound easy...cuz it is....
With all of this knowledge, I'm feeling more prepared with every video. I'm taking notes and starting on a business plan, I'm hoping this will help with finding some funding to open our tea house in 2023. :)
Agreed. I personally know someone who opened a coffee shop with less than 100k 4 years ago that now does nearly half a million in annual revenue. This guy is a boomer gatekeeper that doesn’t want anyone trying to emulate him. If 23k 18 years ago were the equivalent of 500k today, our economy would be experiencing Weimar Republic-style hyperinflation. Complete nonsense.
You Rock Don't Drop the Mic.😀👍💪💖We really appreciate that and we think your great too. Thank you for taking the time out of your day to leave such a great comment. What has been your favorite video so far?
Thanks so much for this quality material! I'm in the first stage of creating my own business related to coffee. These give me great insight. If I ever become very successful at it, I will definitely be sending some thank you notes ha ha.
Our hearts are full, knowing we can touch lives with our videos! Hope you take these powerful lessons with you and apply them. Cheers to your success! 🔥
This is sooo inspirational. I love his business model and his approach to marketing. I think geographical marketing is very expensive and hard to pull off and very excited to see that he was able to do that
Video over all was good info. One thing I obversed was your guest speaker seemed annoyed/thrown off that you were promoting other videos in the middle of a conversation.
well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services
lol when you want to keep potential competitors out of the market, give an astronomical figure. He did it with $23,000 18 years ago and if you adjust for inflation that does not come close to the price he mentioned. 😂 it’s amazing how many businesses are scared of competitors
The taxes are so high in NY, you'd have to sell so many cups of coffee that you would generate more money for taxes, then you ever made. (I knew a woman whom owned a burger place, as they got more successful, they kept raising her property taxes, and she was always just scraping by for 20 years. They now tax her with a million dollar tax assessment. That's alot of burgers she's got to sell. ).
Nice video, but as someone who planned and opened coffee shops (good ones), I can tell you it is never around $500K unless you include the roasting operation of the scale in this video, and still sounds too much.
23k to 500k is a big jump. Idk inflation too much, but it has to be give or take 70k. But I could be completely wrong. 500k to have what he has sure...
You are asking people to subscribe but you never give state or city info once get curious where do these business running at Mars,Jupiter or Neptune ??
Hi Senol! Some businesses choose to remain private and still want to tell their story and inspire. Are you considering opening a coffee shop in your area?
Make sure to watch Part 2: th-cam.com/video/dbbPRvrUjYI/w-d-xo.html
Successful ? - Empty coffee shop. no people
@@yurybadanin5035 😊😊😊😊😊😊😊😊😊😊😊
Ppppppp
What I like about this channel is that you are interviewing real entrepreneurs. People who worked really hard to get where they are and yet their story is not a one in billion case. The majority of ppl find Elon Musk likes as inspiration which are quite rare cases whereas the entrepreneurs you discuss here are much closer to an experience that most of us might eventually have and that's really powerful!
Thanks a lot for the kind words 🙏
Anyone interested let me know … let’s do it together….
All entrepreneurs work hard! 80 hour work weeks. You think Elon Musk coasted his way through? Zuckerberg? Jobs? Disney? No! They all work hard AND smart!
how does this channel doesnt have 1M subs? the content is high quality, clear, and inspiring
The algorithm is tricky
I used to listen to entrepreneur podcasts but being a visual person, i prefer this medium. This channel is awesome, I'm binge watching it!
We're glad to be here for you! If you ever go back to podcasts again, we're actually releasing one later this month! :)
I want a coffee shop, a bakery, a barbecue/smoke house joint, and a brewery! Those are my business goals! I'll get back to this comment once I have accomplished all of the aforementioned. =)
Good luck!
Me too I hope to open. But I need business plan
@@smubarak100 Buisness plans are easy. The capital is what you need. If you have that your in.
@@Iceman-xe7jo as am a pastry. I will need more than coffe too but i need to have more details
@@Iceman-xe7jo as someone who just started a business. i can say getting the capital is easy. the main thing is learning is business. if you dont know the business then you will just burn through your capital without making any money
Kudos to this man for thriving in an industry where a zillion coffee shops are everywhere!! 👏🏼
Very true Captain.
20yrs ago you could start a business with just 20k now it's half a million , it's crazy how times changed .. thank you up flip for your quality videos it's certainly inspiring even if things are 1000x more difficult today .. future entrepreneurs just have to be more effective and innovative 👍👍
You're welcome, maybe we'll do more segments on starting businesses on a lower budget!
u can start with 20 k today,,, he said, that now , hes coffe shop cost 500k.
I find Wood's to be so much better than Starbucks. The only thing you guys are missing is dragon fruit refresher!
Definitely!
I really enjoyed this video. Starting a coffee shop doesn't seem so unobtainable now. Thanks for sharing.
Glad to hear that!
As a CPA of 30 years, I see restaurants keeping their cost of goods sold at 20% (in Dallas). And yes, a business plan is something that you keep it simple.
Thanks so much for watching! Great points!
So inspiring! I needed to see this, especially right now. So many businesses are struggling during the pandemic, but it's still possible to build your own business and reach incredible heights.
Definitely! It's hard to achieve something when you don't believe you can.
@@UpFlip thats the real power,,,, to bilieve that u can do it
"They make tips so it bridges the gap between what minimum wage is and what employees want." Almost got there. It actually bridges the gap between minimum wage and what employees NEED to live, thrive, and, sometimes, survive in the areas where your businesses succeed. Capitalism is tricky. It's VERY good for those who make "enough" to "lots", but it's real bad for those who barely or don't make enough.
Very high quality video! I have several friends who are in the coffee shop business who can benefit by hearing these tips.
That's great to hear, be sure to share this with them!
your dream goal is open a coffee shop, never give up planning until you achieve it. 💪🏾🙏🏽☕️
This guy built a great company. But he clearly had a lot of startup money behind him. That was key to him having such success.
Hi John! Do you think someone can be equally as successful without startup capital?
@@UpFlip no without the startup capital you will never get the business off the ground. That is why banks make so much money charging interest on loans to do so.
Thanks for your time and consideration on every 5% business millionaires 🎉
Loved the video. I appears you were talking to a very wise business man there. Thanks so much for making these great videos.
Yes, he's definitely a great business man. Glad you enjoy these videos!
Really love seeing how people have been successful in their businesses here in the Pacific NW. Thanks for providing all the helpful info!
Our pleasure Garrett. Thanks for watching. What type of business would you like to see on the channel next?
@@UpFlip More media businesses would be cool to see (like video production businesses, voice actors, website design, etc...). I know we have a lot of that stuff here in the in the NW, so it would be cool to see how other people are successful in those types of businesses.
Great interview looking forward to part 2 next week! Cheers!
Happy to hear that!
I Really Love Your You Tube Show, 2017 I Orded A 8x10 VNose Trailer For My Wife, But Due Because Tine And Money Wasnt On My Side I Decided To Put The Project On Rest Until I Can Come Up With Some Kind Of Idea And Start From Scratch, My Trailer Basically Has One Door On Driver Side with Concessional Service Window and All Plywood Surface. So That Tells You I Have A Whole project Ahead.....Your Video Really Inspires Me Not To Give Up,,, You Really Bring Hope To Me And My Wife....Thank
So happy to hear that this video inspired you! You got this, we wish you success!
This guys is the best host compared to the other guys
Agreed 100%. The host does an excellent job asking the right questions and listening.
Biz plan on one sheet of paper....have it ready before you start the biz....a gem that's in all of the casual / formal biz text books. He makes it sound easy...cuz it is....
I own a coffee shop and we are 3 months into it. This is great content, thank you!
How’s it going ?
With all of this knowledge, I'm feeling more prepared with every video. I'm taking notes and starting on a business plan, I'm hoping this will help with finding some funding to open our tea house in 2023. :)
Would love to talk to you about your tea house and what your vision is for the future! Interested? Quick zoom chat?
It has been a dream of mine to open my own coffee shop! Thank you for sharing!
Of course!
I don't believe his current day entry cost statement. I think he doesn't want to give all this info and then have anyone think they can do it.
You would have to see the books or try it for yourself to truly find out.
Agreed. I personally know someone who opened a coffee shop with less than 100k 4 years ago that now does nearly half a million in annual revenue. This guy is a boomer gatekeeper that doesn’t want anyone trying to emulate him. If 23k 18 years ago were the equivalent of 500k today, our economy would be experiencing Weimar Republic-style hyperinflation. Complete nonsense.
It's funny cause the channel has the opposite purpose. So I watch the videos and ignore stuff like that
Within the the next year my business will be on there too. I’m going to have the largest independent clothing brand in the world….
Would love to hear more about it! Down for a quick chat? Love hearing the vision!
This is my favourite channel on TH-cam
You Rock Don't Drop the Mic.😀👍💪💖We really appreciate that and we think your great too. Thank you for taking the time out of your day to leave such a great comment. What has been your favorite video so far?
Very cool. Wish Wes shared more of his numbers, but I get that's probably quite complex at his level
Keep up the good work.
Thanks, will do!
please do more coffee roastery ! I am a coffee roaster from Vietnam and love your channel! thank you very much!
Thanks for your comment, we'll try our best to do this!
This is very educational and inspirational. Thank you for sharing
Thank you for watching!
Another great video. Thanks!
This is fantastic advice! So inspiring!! Thanks for sharing :)
Of course! Wes had so much great things to share!
interesting idea regarding the 1 page business plan. Would have loved to have seen what that would have looked like.
Awesome!
Thanks for watching and supporting our channel! ☺️
love your videos! thank you for sharing such interesting people and business plans with us.
"Nuggets of information" exactly
This is very inspiring. Wish to have one.
What's stopping you? Take the first steps and see where it'll take you. Best of luck! 👊
@@UpFlip I was working outside my country, and nobody will take care if I start business. And no idea how can I start.
Thanks so much for this quality material! I'm in the first stage of creating my own business related to coffee. These give me great insight. If I ever become very successful at it, I will definitely be sending some thank you notes ha ha.
Who knows, we might have you on the channel one day. Best of luck! 💪
So inspiring!! Thank you UpFlip team
Our hearts are full, knowing we can touch lives with our videos! Hope you take these powerful lessons with you and apply them. Cheers to your success! 🔥
Please do someone who makes furniture and also has some furniture stores, I feel that dynamic would be very interesting
We'll see what we can do! :)
Valuable Info!! Thanks a lot !!
We're glad you found value :) Are you starting a business?
This is a really good channel. Congrats on putting it all together!
We're glad you enjoyed it!
Inspiring 🎉
I can almost smell the coffee beans!
That's awesome!
Amazing journey with coffee
Hi Trinh. It absolutely is! What was your favorite part of the interview?
This was some good content, very valuable, thank you
So happy to hear that!
This is sooo inspirational. I love his business model and his approach to marketing. I think geographical marketing is very expensive and hard to pull off and very excited to see that he was able to do that
For sure! Wes definitely knows what he's doing.
I so love this. 1000% love this.
We're so happy to hear that Henry! 😀Are you new to the channel?
@@UpFlip Yes I am! I am truly enjoying your content! It’s so inspiring to me! Thanks for posting.
That might be a good idea. Maybe I’ll start one someday and scale it up into a large business
Thanks for the videos and knowledge. Priceless.
Glad you like them!
Video over all was good info. One thing I obversed was your guest speaker seemed annoyed/thrown off that you were promoting other videos in the middle of a conversation.
This is a great episode - thanks!
Thanks for watching and supporting, Kimberly!
great questions
Thanks for watching Brent!
🔥🔥🔥
I can see 1 million subscribers in a year.
Hopefully !
Best channel on TH-cam
Thank you Ronald. We really appreciate that. Are you new to the channel?
@@UpFlip yup
Good put together video as always 👍
Thank you!
Great!
Love this channel
Thanks for watching and supporting our channel!
Thanks for watching and supporting our channel!
Thank you for the info!!!! for real
Yes that is my one of dream
That's awesome! Keep working hard, anything is possible :)
This channel is awesome.
Hey Nick! Thanks for watching! We appreciate you!
Great business 👏 👌 👍
Absolutely insane 👍🏽👍🏽👍🏽
Very inspiring business story.
I love your videos
Thanks Scott! We appreciate your support :)
freaking great content man!
Thank you!
Great video 👍🏻 keep them coming
Thanks! Will do!
Open avail and full time schedule required for min wage. Boy, what a life!
And they say service sector work is undignified...
Agreed, once I open up a cafe it's very important to pay my employees a higher wage
Awesome!!
Thanks!
his coffee shop resembles Starbucks more than I think any other independent shop I've seen. I'm guessing he used their model as a starting point?
Thank you for the videos
Hi Rawan! Gad you like them. 😀Would you ever consider opening a coffee shop?
inspiration pure!
We appreciate your feedback Zaharia. Is this the first video you've seen on the channel?
@@UpFlip no, but i like this style of bussiness.
Love the coffee shop videos. I want to own and run a coffee shop.
We another one lined up for this month! Keep posted, it's going to be awesome.
well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services
Great content🙏😄
Thank you 🙌
lol when you want to keep potential competitors out of the market, give an astronomical figure. He did it with $23,000 18 years ago and if you adjust for inflation that does not come close to the price he mentioned. 😂 it’s amazing how many businesses are scared of competitors
Hi Nerd Impulse! We don't think this was his intention. There's room for everyone. Do you agree? Have you considered getting into this industry?
great content
Thank you!
thanks for sharing your knowledge
Of course!
I want to open a sandwich/coffee shop and eventually have it in a scale the size as well.
You can do it!
Taken action on this yet brother? Would love to hear what you’ve been up to! You got this!
I think anyone who has half a million dollars to start a coffee shop would not be watching a video about it on TH-cam.
You would be very surprised about what people with money choose to watch on TH-cam.
@@UpFlip Actually you're right, I agree. I wish he went into more detail about the startup costs though instead of just saying "23k" over and over.
Nice video
Big like from Jakarta Indonesia ❤️
Thank you very much!
Awesome video!
Thank you William.
The taxes are so high in NY, you'd have to sell so many cups of coffee that you would generate more money for taxes, then you ever made. (I knew a woman whom owned a burger place, as they got more successful, they kept raising her property taxes, and she was always just scraping by for 20 years. They now tax her with a million dollar tax assessment. That's alot of burgers she's got to sell. ).
what does he mean by Occupancy?
Great content
Thank you!
Nice video, but as someone who planned and opened coffee shops (good ones), I can tell you it is never around $500K unless you include the roasting operation of the scale in this video, and still sounds too much.
Would love to hear about your experience? Interested in a quick chat?
Maybe One day
You can do it! 💪
Liked. Comment.
Thanks Captain!
❤
We appreciate you tuning in! Thank you! ☺️
Makes his own beans but can't make his own syrups, which is significantly easier and really separates a quality coffee shop from a commercial one.
Very good point. Thanks for sharing this valuable insight about the coffee shop business.
Agreed
how to start a coffee roaster for next episode please :)
Thanks for the idea, we'll do our best!
9:08 Shout out to Gangstar
I started something then I think concept was lost and I started serving food....
How much does it cost to open a coffee shop?
It will vary based on many many different factors.
👌🏼
Thanks for watching.
23k to 500k is a big jump. Idk inflation too much, but it has to be give or take 70k. But I could be completely wrong. 500k to have what he has sure...
Sometimes the business numbers can be a bit confusing Bobby so that is a fair point.
@@UpFlip so the minimum would be for a person with almost nothing would be 500k?
hola james
Hi Miguel!
You are asking people to subscribe but you never give state or city info once get curious where do these business running at Mars,Jupiter or Neptune ??
Hi Senol! Some businesses choose to remain private and still want to tell their story and inspire. Are you considering opening a coffee shop in your area?
Sounds like he doesn't pay his employees a fair wage