Just for Fun

[Jbyrne629]

I was thinking about this scenario while i was drinking my coffee this morning. The scenario is as follows, You have just lost your job and you only have $100 in savings. What would you as an entrepreneur do with that $100 to get back on your feet?

[skyhigh007]

I'm in the current situation as you have described right now in real life!

[Jbyrne629]

I'm in the current situation as you have described right now in real life!

Well i guess it isn't much fun for you then. What are you planning to do?

[Encrypted]

Live off a credit card until I could get a job.

[nickbaker]

I really dont think you guys are saying what he wants to hear lol.

[Encrypted]

That's what I'd do though. lol You can't do much with $100.

[Jbyrne629]

there is a lot you could do with $100. Think about it, if you live in a city with sports teams like i do in philly, you could go buy 50 soft pretzels for .19 a piece for a whopping expense of $9.50, then you go to sams club or bjs and buy 4 24 packs of the bottled soda coke or pepsi your choice really. These cases of soda typically sell in the 6-7 dollar range, so lets go with the higher and say you buy 2 cases of regular coke and 2 cases of diet along with 2 cases of bottled water which typically in any supermarket in the area sells for $5 for 24 bottles. Our total expenses with the pretzels, soda, and water is $47.50. Now here comes the part we are all waiting for, how to make some money off of this proposition. Inside the stadiums and arenas in the area soft pretzels are priced at $4 per pretzel, so we are going to undercut that ridiculous markup and sell our pretzels for a dollar a piece. If we are able to sell all of the pretzels (which in philly is as close to a certainty as one can get) we have already come in the black by $2.50. The sodas and water will also be sold for $1 each. If we are able to sell 75% of the inventory that would be 108 bottles of liquid refreshment. So lets do the math on that, at a dollar a piece that would be $108 in conjunction with the 50 pretzels we sold earlier we have a total of $158 in revenue minus our expenses of $47.50 we come with a net profit of $110.50. Also as stated in the original post we started with $100 and of that we only put out $47.50 which means at the end of the day we have $210 in our pockets, and in philly there is a game every other day, if you are disciplined and willing to hustle there is a lot you can do with $100.

[Jbyrne629]

Now let me extrapolate these numbers through the month of january in Philadelphia. There are 9 Philadelphia Flyers home games and 9 76ers home games. These numbers aren't counting concerts and other events that i don't feel like looking up right now. If we just take our number of $110 profit from our little experiment above and multiply that by the 18 home dates in January keeping our inventory and price structure the same by the end of January 2010 we would have walked away with a profit of $1980. Its not a large sum, but it will most likely pay a few of your bills and help you get out of dire straights. (and its an all cash business so Uncle sam isn't digging into your pockets.)