[socialtistics]

It is always easier to armchair quarterback people's stories like this, but I do see two problems that immediately stuck out at me.

Success in business centers around execution and if you do not execute effectively you are bound to fail. In the first paragraph the guy says "The one that, as you calmly and correctly observed, was doomed from its inception because it was too precious and too offbeat?" As a business owner if my customers were telling me I was "doomed" I would be working to change that perception. If a potential long-term customer sees your business as doomed from the start, he or she is probably going to resist going to your business by instinct. This can be especially true in the restaurant business and even more so with coffee shops. People are creatures of habit and tend to go places they like and enjoy. If you want people to come to your coffee shop it is going to take time (more than a month). If they do stop in and feel as if your business is doomed then what incentive do they have to come back again?

The second problem I see here is this guy had a dream and in that dream there was a part where he would open the shop and there would be immediate success. Not success earned by time and through customer loyalty. He expected the success of opening the doors and having people rushing in. Starting a new business takes time and, as others have said, a savings available to handle the rough times and starting period. This is especially so with restaurants and probably more so with coffee houses. Expenses are going to be high between rent, payroll, and food expenses. If you can't afford to handle these without a single customer walking in the door for a month or two your chances of success are instantly diminished.

The final problem I see is this guy was not open to changing his pricing. His solution was to go with the cheaper product rather than raise his prices. It is a known fact that people will pay more for a better product, but they aren't going to pay the same for a cheaper product. I surely wouldn't buy a Kia at a BMW price.

While I feel sorry for this guy and at the same time give him credit for trying, I do not feel as if he put enough thought into the business, gave it enough time, and surely was not familiar with the management side of running a restaurant. Sadly he learned the hard way and now his life is destroyed.