🧠An On Demand BBQ Service Business
Why Employees are Getting Laid-Off and My June Twitter Stats
What’s better than subscribing to 3 ideas on Sunday?
Answer: Getting free stuff by referring your friends to 3 ideas on Sunday.
Click Here→ Input your email→ Get your referral link→ Send to friends→ Get free stuff
Todays’s estimated read time: 2 minutes 3 seconds
1. Business idea of the Week: BBQ & Tailgate On-Demand
In honor of the 4th of July this weekend, this idea is a solution to setting up and taking down everything that makes a good barbecue or tailgate.
BBQ’s and tailgates are an American classic.
But what sucks about BBQ’s and tailgates?
Setting them up, and taking them down.
The Idea: Create a done-for-you BBQ and tailgate setup. Take care of the entire set-up and clean-up of a BBQ or tailgate.
Come to someones house to set up an entire BBQ in their backyard, or show-up early to a parking lot tailgate and get everything set up.
This will be a full service business, and provide an opportunity to create an arbitrage between other businesses.
A client wants a tent and some chairs? Great, if you can rent the tent and chairs for $100, you'll simply charge the client $200.
A client wants a a smoker for the BBQ? Rent a smoker for $150 and charge the client $250.
You’ll want to target high-income clients that would rather pay for this service instead of setting it up themselves.
How to get started: Since this will be a local service based business, you can start targeting high-income neighborhoods in your area. Drop off flyers that advertise your service and your website URL.
There are many different ways you can structure your pricing, but here’s an idea. Start with a base price of $300 and charge additional for each piece of equipment or food/beverage they would like you to provide.
For example:
Base Price: $300
(+) Smoker: $250
(+) Chairs: $200
(-) Cost of smoker and chairs ($250)
= $500 Profit.
Things I like about this business:
Service business with very low start-up costs 💸
Scale by hiring other people to set-up and take down the BBQ’s 💪
Arbitrage other rental services 🔄
Let me know what you think!
2. My June Twitter Stats
This June I finally started using Twitter consistently.
Tweeting and responding to tweets every day for the past 20 days.
Here’s the results:
Pretty cool.
And we’re just getting started.
If you’re on Twitter let’s follow each other! → My Twitter.
3. Why Employees are Getting Laid-Off.
Economic headwinds and uncertain times in business has led many companies to layoff a portion of their workforce.
On average, payroll (cost of employees), is 15-30% of a business’ expenses, and service-heavy businesses will spend over 50% of expenses on employees.
So if revenue declines, expenses need to be cut. And that’s why companies need to lay-off employees and take them off the payroll.
So what companies are laying off employees?
Here are the top 10:
Getir - 4,480 employees
Booking.com - 4,375 employees
Uber - 3,700 employees
Better.com - 3,000 employees
Groupon - 2,800 employees
Peloton - 2,800 employees
Carvana - 2,500 employees
Katerra - 2,434 employees
Zillow - 2,000 employees
Airbnb - 1,900 employees
Thats a lot of big brands.
And you can stay up to date with new layoffs at layoffs.fyi .
Stay safe out there.