I've listed 7 reasons why my business failed in Dominican Republic. These reasons can be universal not to just DR, but this is where my business was located so its all relative. If you are looking to open a business anywhere you should make sure you check out these 7 reason. To watch more videos on Dominican Culture check out this playlist here ruclips.net/p/PL0OHP8RGzZ5aTY_XSCWJCLYfyD5FKkane
@@NorberisR ? Nope it's because we never see your husband in your videos so a lot of guys think your pretty and single but I gave you a thumbs up lol. Did you check out Dan Vas youtube channel ?
Norberis I am becoming a fan , somethings are a blessings and a lessons , who would have known what we were about to enter in the upcoming years , with Covid you would have got totally wiped out and 12 locations would have lead to more contracts being signed and more responsibilities , thus greater losses. Count it as a lesson and a blessing . Tc great video as always. God has a plan and a future you , your husband and daughter. I know this is years earlier but still relevant today.
another awesome video. People view failure as the end but as I'm listening to you speak, your failures are learning tools for those that who want to start a business in your country. If they watch the video, they can minimize their mistakes. You are right before you start a business, you need the right location, research, reserve cash, proper marketing, pricing (distributors), minimize the menus, and proper hiring. running a business is harder then working for someone. You have to work just as hard and longer hours until it becomes successful. I live in Florida as well Land O' lakes.
I moved to the Dominican Republic in 2014 and I think your video is the best I've seen yet of the accuracy and struggles of opening a business here. I opened a cafeteria which quickly closed because of contract issues. I would like to share your video with your permission in an ex-pat group I moderate. I think this would help many!!
Priceless information...THANK YOU. fyi, the current president's background is Lebanese. DR has a large thriving Lebanese community the goes back many many years
Hey Norberis, Great video. A quick advice in the Restaurant Business when budget is an issues , you raise money by doing cocktail at the place, small band live cession, birthday bash and so on, like that you catch a new crowd to fill the holidays and the week end off since your main clients was students
This is valuable information. I will be in the dr in 2 weeks for business and this is something that all aspiring entrepreneurs can learn from. The extra capital and hiring proper personal to run the business is muy importante. Thank you Norberis and good luck with your next business venture.
Much successes are born from learned failures. It sounds that you're prepared for your next venture, best of luck. Thanks for sharing, I learned a some about the business.
Great video and thanks for explaining your lessons learned. I’m in the process of running three airbnbs rental properties in DR (1 in Punta Cana & two in SDQ). One SDQ apartment is in Las America’s near the airport and the other in Arroyo Hond near the U.S. Embassy. My idea is to stay close to and cater to tourist. I’m considering opening nail salon/spa close to my Airbnb in Punta Cana and will definitely use your advice. If you guys decide to go back for a second go at the wing business please let me know.
You're welcomed and thanks for watching. A nail salon is a great business in DR. I owned a salon there also, in going to do a video on that soon. I was wanting get into the AirBnB business too. Do you own these properties or just managing them? We are thinking possibly doing the business again but if we do we want to do a partnership with other interested investors and put it in the Punta Cana area.
Norberis R. I’m married to a Dominicana. She owned the two properties in SDQ before we got married. We purchased the Punta Cana property together. We want to focus on placing the salon inside one or many of resorts. If that’s not doable then as close to the tourist population as possible. There are plenty of salons in PC Mall & Blue Mall already :(
@@srsmithjr That's awesome. I've been looking at possibly trying to get a place in Punta Cana also to AirBNB. Are you in a good area? Have you started AirBNBing out? If you can get inside a resort would be great.
Norberis R. We are acrually in Bavaro in a project that shares grounds with Hard Rock Hotel. Further from the airport than i wanted to be, but in a very nice area. It’s very promising. :)
Great idea, concept, etc. I was already thinking about how you could adjust and make it work by the time you got to the end of the video. Your conclusions are right: tourist area would be best, marketing is key, simple menu. Wings, fries, drink carrots/celery etc. Just like the ones here. I would definitely be interested in doing something like this. My background is in business analytics.
Thank you. I wish I had realized that in the beginning...lol! What kind of interest do you have in the restaurant business? Are you looking to do business in DR?
Norberis R. I wouldn't say I have interest in the restaurant business as a passion per session, my interest is in business in general. My background is corporate/federal government. Always looking at opportunities wherever they are. As far as the Dominican Republic is concerned, I have been 3 times, twice in the last month and planning to go again in two weeks. Definitely interested in opportunities there.
Well there are plenty of opportunities there. Real estate is the better one. If I do the restaurant again it would be on a smaller scale and easy to manage without me being there everyday.
Norberis R. I’ve been looking into a lot of things. I love your channel because it’s educated me a lot about DR. Thank You. If you ever looking for partners, investors, etc. reach out and know me and my team would be interested.
Re-open-- tip wings and sports go together...your business is a gather place to watch sports but the hook is the food...your business is therefore dependent on sports fan v people who like wings or want something American
Another thing that is hot “make it your own restaurant” like pizza or rice bowls...people love it there way. That way your menu is limited but the combination are endless for a customer.
I've watched several business in DR videos and I've come to the conclusion that supplying restaurants with something unique irrespective of cuisine is the way to go
Add one more to your list couples working together dont recomend it at all. It's a good thing that both of you could step back and see the problem it's going to help on your next venture hopefully on your own. good luck . 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
I think it's a great idea especially on the North coast. I have been speaking with my lawyer in Puerto Plata about opening a business I would love to know more...
I'm gonna start a WINGS, Fries, and COLD Beer business in Cabarete... Hahaha! Naw, just joking. You'll do better the second time around, queen. Good Luck!
This is one of the business ideas I have planned to open in DR as well. It has its pros and cons and I’ve learned that after managing a wing restaurant in the US for 5 years. A tourist area is good as well but also a location where people always are no matter what day of the week. (close to the metro lines ) and also areas where tourist like to stay at when they are in Santo Domingo ( close to popular plastic surgery clinics like Cipla )
The fail safe, is the ability to be flexible to stop expenses when you have no sales. The best approach is a "CHIP TRUCK"business model in wings ! that's mobile to follow local gathering trends, and able to close down when and where there is no activity, to stop losses by lack of traffic. The catch, is to establish the bi laws, and to (having a place to park !) You would get complaints from the local restaurants already established that have your menu already on their menu if your too close to them; specifically, CHICKEN !.
I really enjoyed your honesty on this subject. It's very hard to get Dominicans to admit how things work on the island. I understand more now. If you guys ever decide to do a partnership let me know. There is enough room for growth. Only the future will tell. Thanks again......
@@NorberisR I'm really looking for a viable business model. It's seems everyone is looking into a club or restaurant. I really want to do a Air B& B... I need land to build 4 units in a tourist area or in Limon where the cruise ships dock. Still looking ....but open to ideas & contractual partnerships.....
Sorry for the late reply. I'm getting soo many message now. Feel free to email me for a quicker response. However, I agree the club and restaurant everybody wants to do. If I do the restaurant business again it will be with a partnership. Bars are good business if they are in the right location. But Airbnbs are gold mines in the right location. I'm looking to do an AirBbB myself. Maybe we can speak further on the details of the apartments.
Hello Norberis, I am very sorry about your restaurant. As always, your reports are very interesting and when you talk about reserved cash for months it reminds me of the old days. At that time I often spent the weekends in the old part of Juan Dolio, which was then Plaza Ramada. My wife had family in Guayacanes. 3 Germans also had a restaurant there, there is still one "Bamboo". I knew from my friend Michael that he had a small restaurant right on the beach, barbecues and German cuisine, and also made breakfast for guests of the Ramada House. He always bought the necessary things for the day from the earnings of the day before. A life artist. But times were different back then.
I'm gonna start a WINGS, Fries, and COLD Beer business in Cabarete... Hahaha! Naw, just joking. You'll do better the second time around, queen. Good Luck! @ _ @
You ended on the very thought that I had on your first point, "target market." Wings are an American thing and tourists would have flocked to your venue, fer sure! Good, honest points made about the "oops" decisions we make having "zeal without knowledge".
Great vid 👍🏾 Do Dominicans buy products such as sunglasses and novelty products from the US? I noticed the cost to ship from the US to the DR is expensive.
I really enjoyed the video. Excellent information however with regards to the business doing better in a tourist area, the issue with that is that businesses rely on tourists whereas Santo Domingo is self sustaining. The tourist areas only have 3 to 4 months of business and that’s in a good season. Many businesses closedown because of that very reason. Your monthly earnings was still very good. You were averaging $10k usd a month which is very good for a new business even by us standards and especially in the DR despite the weekend being slow. Was the overhead high? What was the overhead costs??? And why didn’t you consider the Zona Colonial as your location??? Your business was amazing!!! Loved this video. ❤️ 👏🏻👏🏻👏🏻👏🏻
Thats a great point regarding tourist areas. And that's a decision that needs to be weighed. I agree Santo Domingo can be self sustaining if you are in the right place with the right business. Here in the States you can open a business in lower class neighborhood and be successful because $7 to $10 to a person here is nothing. It's not the same in DR. I could have had a low cost restauarant in low-class neighborhood but people $5 to $7 is a lot to people there. They won't spend that on a 6 piece wing and fries when they can get rice, chicken, beans, salad for $150RD or $250RD which is about $2.50 to $4.50 US. I can't sell wings & fries for $2.50. Selling it at $4.50 was tough. So there is a lot to consider. But I'm glad you asked that question. Yes, overhead was high. I will do a break down video on start up cost and monthly expenses. We were going to open our 2nd restaurant in Zona Colonial but the building we wanted was very expensive. Let me know if you have more questions.
Yes the Zona Colonial is super expensive but the return is great. Looking forward to your video on the cost breakdown and overhead. This video was awesome!!! Gracias. 😘
ronnyg1dc Many business close all the time everywhere. That’s kind of across the board. But generally and statistically speaking, the capital has a higher success rate due to sustainability.
@@ladonacarmen Yes you are correct, but in ZC the turn over rate is much higher. Many reasons, but it seems only 2 types of restaurants strive there. High end or lower fast food types, like the French fries places.
My grandmother had a fried chick place in this area called Albert Thomas in the capital for over 10 years very successful and her location was prime! Lucky she bought the property in the 70s and still owns it but just sits there empty for now.
Carmen Reina del Sol no I’m flying in may 13th to see the property and sign documents as my grandma passed and left it to my dad and my dad has given it to me. My sister and I were thinking of opening a teriyaki chicken and angus bowl place to eat.
Don’t give up. We all learn from previous experiences and your next business will be successful. This experience is a stepping stone for something better.
I opened a restaurant in Massachusetts, didn't follow none of the good advice you gave, I lasted six months. Made all the mistakes you mentioned, location was on top of the list of my mistakes.
It's unfortunate this happened but you gained so much valuable knowledge from it! Thanks for sharing. I watch a show called Kitchen Nightmares and it reminded me of some of the things you mentioned, especially having a menu that is too big. A lot of ppl think the more items on the menu the better when many times that isn't the case! Good video 👍🏾
Thank you and yes it was unfortunate but it was also a lot of good lessons learned. Yes having many items on your menu is not a good idea. Never heard of that show, I need to take a look at it.
I do consulting and I myself was going to open something there as well with someone who is already established and knows the purveyors not only in food, but small wears, decor, cutlery, dinning equipment and so on, that most ppl don't even consider. You can have a bigger menu, but you have to be smart and add items that you also use in other things as well. For example I use stocks for everything, for soup, sauces and so on, all my meats and fish I want on the bone. It's cheaper that way and I get the bones for the base of the stocks, chicken, beef and veal. Going to go through a lot of onions, carrots and celery so all the leftovers from the peelings goes right in the stock for the mirepoix. Three times the price is the correct way to go but really to know whats going out compared to whats being used you have to know the food cost formula. Not knowing this can really Fvck you considering what any one item is going into how many menu items. You really taking chances if your not doing correct food costing and I mean for every lil item, EVERY ITEM! Three times the pricing should be split just as it states. 1/3rd goes back into biz, 1/3rd goes to payroll and the last is what you bank. A little goes a long way I know this so well as far as scenery goes, you can get away with a lot for little money, but have to know decor and if you a chef then you know how important presentation is. Food can taste the best it can be but presenting it right hits the whole experience right out the park. If it looks like shit I don't care how good it may taste, it still looks like shit and I really don't wanna touch shit. Annnnd vegan options are a must now especially in tourist areas. The dude I was gonna deal with before this whole plandemic didn't offer any vegan and in that area where he is already established you are missing out on a whole market that could rival his current setup. Plus his platting skills could use a huge overhaul, but if you don't know, I guess you just don't know or care not too. Another market that is sorely lacking is the off premise catering market, but again you got to know what you are doing and what is needed to pull events off. You gotta keep in mind you pack up to go do an event there is no running back to the shop and getting it if its a great distance away and you forgot something, so you gotta be on top of it when it comes to the food that you are bringing to an event and all the ingredients involved with pulling it off. Then you got to deal with the rentals, where the location will be, what type of event, how many ppl, the pricing of the party per person also depending on what menu items they wish to go with. Then you need a spot to do a tasting as the event draws near and that always a freebie. Work out the contract, get the deposit, work with the rental company yada, yada, yada the list goes on a lil more. That is why you get white business owners, they're expats of corse who are trying to unload a biz now cause it's just become a money pit that the tourism is way down. They don't see the opportunity to reinvent while the downtime is upon them. that's just laziness coupled with stupidity and ignorance. One I just saw on RUclips no less trying to unload one for a ridiculas price that might sound good to someone who doesn't know and whats behind that cost as well. And to have to pay in American dollars for rent? I'd tell that person they on crack, we getting paid in pesos, you getting paid in pesos it just that simple. You want American dollars fine, but you taking the conversion hit not me and oh I charge a service fee to have the money converted on top of that! Read the fine print and always have a lawyer look everything over. Also be in your best interest to see if things are gonna be breaking down, cause if it looks that way then whatever money it costs to replace that item is either coming out the rent or the item is going with me when I leave, cause I take care of my equipment, nothing worse than having a dirty sloppy kitchen. Wanna know how a place runs it show behind the scenes, just walk right in and use the bathroom, that will tell you all you need to know what the back of the house is gonna look like.
That's another one of those products, like flavored wings, that if you put in a city like Santo Domingo you really have to advertise and bring awareness to your product. In a tourist area most foreigners which are most Americans/Canadians that visit DR you don't have to educate them. When they see Philly Cheesesteak they know what they are getting. Of course you would still have to do some advertising but not much educating people on the product. I would not recommed opening it in Santo Domingo. I would bring that idea to a tourist area. You will have a better chance at profiting. I think its a good idea because I haven't seen a business like that there and Dominicans understand Sandwiches, just like they understand wings just not flavored wings. I can see your start up cost being low for that business.
Based on the number of holidays in the DR, and a low crowd volume during the weekends at local campuses, I would have located the business at a popular BEACH area. If it’s a nice sunny day most people and families gravitate to the beach. One thing for sure there is always foot activity at the beach.
This is true, and the reason why i said at the end of the video if I did it again it would definitely be in a tourist areas where there is always foot traffic. Great point.
Norberis R. Good Luck on your next endeavor! Oh, I like to say we NEVER fail! What we do is learn and grow from our experiences. Get back on that horse and ride again. Success is a journey NOT a destination.
You break my heart I know the grief and the enthusiasm of a starting a business and ending a business my first business I had no vehicle no money I'm welfare the apartment I was living in crack dealers on every floor laughing my ass off what a place to live.
Hola, acabo de mirar uno de sus You Tube. Esta es realmente la primera vez que te he visto. Y si, eres de verdad una alegría de ver. Entre tu y yo: Yo soy también un expatriado. A propos: un pequeño bien significado consejo: seria mejor para numerar todos sus videos desde el inicio hasta ahora. Para dar el sentido de una secuencia. ¿Quién sabe de esa manera alguien en HOLLYWOOD lo veo como 'perfect stuff' para una película. Nadie lo sabes. Hágalo. Confía en mí en este!....Bye Bye Norberis!
I love wings.....to me that seemed like a good business idea....I would of been your number customer.. when you learn from your mistakes you can try again
Real estate is the better investment. I wouldn't own a restaurant again just as a means of survival. I would do it has passive income investment with a partner. I will not be working in it.
@@NorberisR exactly....I want to earn passive income when I go there to live....I also can help people there as well who need it and teach them to do real estate
Great! I believe you can have a very profitable business in DR if its done right in the beginning. Start up costs are low. Dominicans don't really care how fancy your restaurant is. As long as its clean and decent. We went with a American mindset where Americans like optics. Labor is cheap. for 4 employees we paid under $800 per month.
Most business will fail without proper planning. Expect to make losses the first year or so. Rarely do business make money in their early days. If you can survive these early years you are on the roll.
@@NorberisR I am learning a lot from your videos. Currently look for land @ Azua (mountain areas) to guess what start a pepper farm - just like you. The cost of land so far has been too much. Still looking. 6 - 10 tareas.
wait a minute...Santo Domingo is not considered a tourist area??? damn...so question, is Punta Cana the most populated tourist area with no other competition? Because I thought Santo Domingo was comparable to Punta Cana but i guess it's only special because it's the capital with historical landmarks si? Is Boca Chica and Sousua as populated as Punta Cana or they're not comparable?
Santo Domingo is not considered a tourist area although there are areas that are tourist focused like Zona Colonial. Santo Domingo is more for business than tourism. Yes, Punta Cana is the most popular tourist destination here. Boca Chica and Sosua are small beach towns. Punta Cana is a larger in land mass. Neither of them can compare to Punta Cana.
@Norberis R. gotcha...tato thanks! I'm in Miami and planning to move to DR asap to start building a dual citizenship lifestyle so I've been watching all your content! keep up the good work! (btw, if you ever need help with fixing your audio for your videos keep me in mind, I'm a professional audio engineer and would love to help you and your channel's quality) 🍻
@@NorberisR anytime i go into a restaurant that has to much on the menu it takes me so long to figure out what i want especially if i know what i want before i go in, then here comes the menu, OH BOY!!! lol 🤣😂
Hi Norberis, I trust all is well. This is another excellent vlog and ALL of the points you make are relavent to any business, anywhere. I've heard or read that at least 60% of all Resturants in the U.S. fail within the first year, and nearly 80 % within five years. Many of the failures due in part to the information you shared about your experience. I would just share one other point that's vert important also; a well written business plan! When I opened my business here in the U.S. ( a haberdashery) in 2003, a complete line of men's and women's dress and casual hats, I realized that I had the necessary capital to open the business, but then I thought, " why should I use all my money, why not get a small business loan from a local bank!" So, I took some classes for small business with the (SBA) Small Business Administration, and at the the end of the course work, I had also completed a business plan for my business. With my personal capital (20k) and my business plan, I applied for and received a small business loan for (20k) from a local bank. This allowed me to stay in business for 15 years in my community, and provided me the necessary capital for marketing and inventory and I'm still on line today. Now, I realize that my experience here in the U.S. Is very different then your R.D. experience, but I share this because many times people here do not take the time to complete a business plan, which could provide additional capital for their business. So, if you and your husband ever decide to bring those "best wings in Santo Domingo" to the U.S., it may be worth considering and for others who may be entertaining a small business...complete a business plan! Thanks again for sharing your experience!
Its been years but like i commented need to do homework. I was a chef in the 80's and i eventually started a business was successful but i closed shop when wife got sick to attend to my family and wife ... You have a very good head on your shoulders to go back into it just factor in the covid into your decision this time. Where theres a will theres a way and with God all things are possible...
I enjoy when you open up a little to us. I really like the concept, and totally understand the 7 reasons. I personally, focus on #7 first when I analyze a business. The last thing I want, is a job disguised as a business! As for going into business with you, and that concept? I'll go one better, I'll go into business with you and show you how to finance it... if you let me add an item to the menu lol :-) #Hotep
I've been told I need to open up more often..(-: Yes, #7 is key, and thats the perfect description a job disguised as a business. We can discuss your idea of financing further and why not have you add an item to the menu.
A business is like your baby when you lose your business you lose a part of you I grieved in mourned probably three months that was 25 years ago I've ended another business took a year off no I found a new business the fire's back again the passion nothing or not much can be accomplished without enthusiasm. You're very talented woman you articulate your words with great precision you have much more potential then perhaps you see. I feel like a lion mi siento Como Leon I feel the power and the passion because I've been been in deep grief and anguish over the loss of a forbidden Love it was a sweet sweet death. The death and loss of a woman the death of a lost of another business. But with much grief comes much joy and passion. There's a time to grieve there is a time to laugh my time to love . There's is proverbs there a time grief and to Express anguish is for a season but joy comes in the morning. It's rising from the ashes if one deals with the defeat the grief and the loss and they stop holding on to it and they let it go. The strength and the power that comes from that horrible pit What an opportunity for a romantic I think it's the dying that I long for it's at that moment I feel more alive it's the purpose that you find coming from that slow painful death. You become stronger 💪 and the passion to succeed in life in business and in romance only gets better. The Best is yet to come I speak blessing over you .
Okay so can someone explain . So I know U.S American money is worth more down in the Dominican Republic. But if someone was to open a store down there but they are living in the u.s wouldn’t the currency from Dominican pesos to USD be worth less so u would be losing out on money ?🤔
How would you be losing money? If you are paying in the country's currency to fund the business you're not losing money. Any country you go to with their own currency if you open a business you would earn money in their currency. You can't open a business in someone else's country and expect to get paid dollars.
You know I didn't know anything about Sosua back in 2015...lol! Neither did my husband he traveled mostly between Santo Domingo and Punta Cana. When I went to Sosua for the first time I said this would have been the best place to start the business. I heard Flip Flop had good wings, but in 2015 thru 2016 we had the best on the island..lol! Hola Flip Flop(-:
@@NorberisR lol! I wish I could of tried them, especially with 21 flavors! That alone would of drawn people to come. And are you gonna introduce your husband to us? Maybe you can do it on Patreon! Lol
@@Papi_Oso Maybe. He is not going to come on my channel...lol! I'm sure at some point I'll see my subs in DR and it would more than likely happen there.
Yes, and that was a mistake. You're thinking your saving money that way but in the long run you're not. Yes, the taxes are different there than here. I think I'm going to do a video on that to explaining how that works.
I would like to thank you for those excellent points. My wife and I being business owners in the U.S. we had to learn these points the hard way. So that was a great presentation or video.
Sounds like beginner mistakes. Lesson learned. I have owned a business for the last 20 years and I can tell you it’s not easy. If you ever need help or advice let me know.
@@Thatwestcoastdude TOP DEFINITION bussin what you would say if something was really good. tay- i didnt know yo mama could cook this good! jj- yea her food be bussin #bussin#yo mama
I didn't at that time. Back in 2015 vegan wasn't as big as it is now. Also keep in mind DR is behind on trends like that. I don't know how the market is for it now but it maybe room. They have been opening up franchise gyms there so exercising has now become big there so vegan make work there now. Back in 2015 it wasn't a thing there.
Norberis R. I’m going to DR next month to visit family and friends. I can’t wait. I always love going to the moms and pops restaurants over there. Needless to say, i love Latin food, but I’m picky now. Puerto Rico having too many earthquakes so I gotta bounce.
People don’t go out to eat just to have wings, something else was needed. Wings and sports go together, you can’t have one without the other. A sports bar might have worked better
You are wrong about that. Hooters or Buffalo Wild Wings wouldn't exist if thats the case. And so many Wing Restaurants in Atlanta would be shut down. Say you don't go out just to eat wings but some people do.
Norberis R. -I guess you don’t like to listen. Believe me when I tell you, people don’t go out to dinner just for wings only. They go for the experience that goes along with the wings. Do you really think people go to Starbucks just for Coffee? I don’t think so. The question you should be asking is “what experience”....???? What exactly did I miss? I doubt very much that Hooters sells better tasting wings then what sold in your restaurant. In fact I’m almost 100% sure your wings were far better. So if that’s the case, then what happened? That’s the question you need to ask?
@@guillermone1 Lol...I made a whole video on what happened. And yes I do listen when the advice is worth listening to. What you are saying is obvious and I know this. I know people go places for the experience as well as the food. Again that's not always the 100% the case. There a chicken spot around the corner for me that sells just chicken and its always busy. There is dining inside but hardly anyone eats in. In that case its the food not the experience. There are many cases like that and many like what you are mentioning. But if you never ran a restaurant or invested a dime into one you're just speculating. I know what I know from experience.
Norberis R. -I know the hospitality business very well. I too have failed but learned from the experience and later succeeded. I have 30+ years of experience. Part of the learning process involves humility. I started washing dishes in a restaurant when I was 16 years old and worked my way up to manager. I know you wouldn’t do that and never will.
sorry about your business but it is beautiful that you shared you lessons learned and more so I feel like you are much better equipped to be successful for your next time because you are the type that take learning from your mistakes seriously. That being said the pictures of the food you posted looked AMAZING....
I've listed 7 reasons why my business failed in Dominican Republic. These reasons can be universal not to just DR, but this is where my business was located so its all relative. If you are looking to open a business anywhere you should make sure you check out these 7 reason. To watch more videos on Dominican Culture check out this playlist here ruclips.net/p/PL0OHP8RGzZ5aTY_XSCWJCLYfyD5FKkane
Norberis R ? I didn't know you was married lol lucky man.
@FUNK BOOGIE Lol...Is that all you got out of that video? Lol!
@@NorberisR ? Nope it's because we never see your husband in your videos so a lot of guys think your pretty and single but I gave you a thumbs up lol. Did you check out Dan Vas youtube channel ?
@@FUNKBOOGIE1 No, I have not had a chance to check out his channel. I've been so busy lately.
@@NorberisR ok
I always wanted to hear this story ... great video!!!
Gracias. I was concerned about telling at first.
Norberis I am becoming a fan , somethings are a blessings and a lessons , who would have known what we were about to enter in the upcoming years , with Covid you would have got totally wiped out and 12 locations would have lead to more contracts being signed and more responsibilities , thus greater losses. Count it as a lesson and a blessing . Tc great video as always. God has a plan and a future you , your husband and daughter. I know this is years earlier but still relevant today.
You're welcome 🙏🏾
another awesome video.
People view failure as the end but as I'm listening to you speak, your failures are learning tools for those that who want to start a business in your country. If they watch the video, they can minimize their mistakes. You are right before you start a business, you need the right location, research, reserve cash, proper marketing, pricing (distributors), minimize the menus, and proper hiring.
running a business is harder then working for someone. You have to work just as hard and longer hours until it becomes successful.
I live in Florida as well Land O' lakes.
Thank you. A restaurant is a tough business for sure.
I moved to the Dominican Republic in 2014 and I think your video is the best I've seen yet of the accuracy and struggles of opening a business here. I opened a cafeteria which quickly closed because of contract issues. I would like to share your video with your permission in an ex-pat group I moderate. I think this would help many!!
Yes, please share it. It can be very helpful to those looking to start a business in DR. Where was your cafeteria?
Priceless information...THANK YOU. fyi, the current president's background is Lebanese. DR has a large thriving Lebanese community the goes back many many years
Hey Norberis, Great video. A quick advice in the Restaurant Business when budget is an issues , you raise money by doing cocktail at the place, small band live cession, birthday bash and so on, like that you catch a new crowd to fill the holidays and the week end off since your main clients was students
Thanks for the advice.
You are not alone, take these lessons and apply to your next opportunity.
This is valuable information. I will be in the dr in 2 weeks for business and this is something that all aspiring entrepreneurs can learn from. The extra capital and hiring proper personal to run the business is muy importante. Thank you Norberis and good luck with your next business venture.
You're welcomed. I'm glad it was helpful!
This is very helpful as I am planning to move there and start a business.
Awesome. Glad it was helpful.
Much successes are born from learned failures. It sounds that you're prepared for your next venture, best of luck. Thanks for sharing, I learned a some about the business.
You're welcomed! Thanks for watching!
Thank you so much for sharing your experience. Very informative video.
You're welcomed. Thank you!
Great video and thanks for explaining your lessons learned. I’m in the process of running three airbnbs rental properties in DR (1 in Punta Cana & two in SDQ). One SDQ apartment is in Las America’s near the airport and the other in Arroyo Hond near the U.S. Embassy. My idea is to stay close to and cater to tourist. I’m considering opening nail salon/spa close to my Airbnb in Punta Cana and will definitely use your advice. If you guys decide to go back for a second go at the wing business please let me know.
You're welcomed and thanks for watching. A nail salon is a great business in DR. I owned a salon there also, in going to do a video on that soon. I was wanting get into the AirBnB business too. Do you own these properties or just managing them? We are thinking possibly doing the business again but if we do we want to do a partnership with other interested investors and put it in the Punta Cana area.
Norberis R. I’m married to a Dominicana. She owned the two properties in SDQ before we got married. We purchased the Punta Cana property together. We want to focus on placing the salon inside one or many of resorts. If that’s not doable then as close to the tourist population as possible. There are plenty of salons in PC Mall & Blue Mall already :(
@@srsmithjr That's awesome. I've been looking at possibly trying to get a place in Punta Cana also to AirBNB. Are you in a good area? Have you started AirBNBing out? If you can get inside a resort would be great.
Norberis R. We are acrually in Bavaro in a project that shares grounds with Hard Rock Hotel. Further from the airport than i wanted to be, but in a very nice area. It’s very promising. :)
What are the prices like in that area with Hard Rock? We thought about living on the North Coast but we are now considering Punta Cana area also.
Great idea, concept, etc. I was already thinking about how you could adjust and make it work by the time you got to the end of the video. Your conclusions are right: tourist area would be best, marketing is key, simple menu. Wings, fries, drink carrots/celery etc. Just like the ones here. I would definitely be interested in doing something like this. My background is in business analytics.
Thank you. I wish I had realized that in the beginning...lol! What kind of interest do you have in the restaurant business? Are you looking to do business in DR?
Norberis R. I wouldn't say I have interest in the restaurant business as a passion per session, my interest is in business in general. My background is corporate/federal government. Always looking at opportunities wherever they are. As far as the Dominican Republic is concerned, I have been 3 times, twice in the last month and planning to go again in two weeks. Definitely interested in opportunities there.
Well there are plenty of opportunities there. Real estate is the better one. If I do the restaurant again it would be on a smaller scale and easy to manage without me being there everyday.
Norberis R. I’ve been looking into a lot of things. I love your channel because it’s educated me a lot about DR. Thank You. If you ever looking for partners, investors, etc. reach out and know me and my team would be interested.
@@robert-phoenix Definitely. And if you have any ideas of business feel free to run it pass me. And thank you for watching.
Thank you , Good advised
Re-open-- tip wings and sports go together...your business is a gather place to watch sports but the hook is the food...your business is therefore dependent on sports fan v people who like wings or want something American
Another thing that is hot “make it your own restaurant” like pizza or rice bowls...people love it there way. That way your menu is limited but the combination are endless for a customer.
Good idea!
I've watched several business in DR videos and I've come to the conclusion that supplying restaurants with something unique irrespective of cuisine is the way to go
Great vlog
Your right need to do homework before you decide
Sorry to hear that about your business and the wings look delicious
Thank you. Yes the wings were delicious.
Add one more to your list couples working together dont recomend it at all. It's a good thing that both of you could step back and see the problem it's going to help on your next venture hopefully on your own. good luck . 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
Why would I add something to my list that isnt my experience? Lol!
U can mabye build a business like u did the house so you don't have so much overhead if business is slow when starting
I think it's a great idea especially on the North coast. I have been speaking with my lawyer in Puerto Plata about opening a business I would love to know more...
Yes the North Coast is a great place for a business. Let me know what more info you would like.
I'm gonna start a WINGS, Fries, and COLD Beer business in Cabarete... Hahaha! Naw, just joking. You'll do better the second time around, queen. Good Luck!
This is one of the business ideas I have planned to open in DR as well. It has its pros and cons and I’ve learned that after managing a wing restaurant in the US for 5 years. A tourist area is good as well but also a location where people always are no matter what day of the week. (close to the metro lines ) and also areas where tourist like to stay at when they are in Santo Domingo ( close to popular plastic surgery clinics like Cipla )
I agree 100%, somewhere where people are no matter whats going on. I couldn't agree more.
The fail safe, is the ability to be flexible to stop expenses when you have no sales.
The best approach is a "CHIP TRUCK"business model in wings ! that's mobile to follow local gathering trends,
and able to close down when and where there is no activity, to stop losses by lack
of traffic. The catch, is to establish the bi laws, and to (having a place to park !) You
would get complaints from the local restaurants already established that have your
menu already on their menu if your too close to them; specifically, CHICKEN !.
I really enjoyed your honesty on this subject. It's very hard to get Dominicans to admit how things work on the island. I understand more now. If you guys ever decide to do a partnership let me know. There is enough room for growth. Only the future will tell.
Thanks again......
Thank you so much. Are you looking to do some business in DR?
@@NorberisR I'm really looking for a viable business model.
It's seems everyone is looking into a club or restaurant.
I really want to do a Air B& B...
I need land to build 4 units in a tourist area or in Limon where the cruise ships dock. Still looking ....but open to ideas & contractual partnerships.....
Sorry for the late reply. I'm getting soo many message now. Feel free to email me for a quicker response. However, I agree the club and restaurant everybody wants to do. If I do the restaurant business again it will be with a partnership. Bars are good business if they are in the right location. But Airbnbs are gold mines in the right location. I'm looking to do an AirBbB myself. Maybe we can speak further on the details of the apartments.
Hello Norberis, I am very sorry about your restaurant. As always, your reports are very interesting and when you talk about reserved cash for months it reminds me of the old days. At that time I often spent the weekends in the old part of Juan Dolio, which was then Plaza Ramada. My wife had family in Guayacanes. 3 Germans also had a restaurant there, there is still one "Bamboo". I knew from my friend Michael that he had a small restaurant right on the beach, barbecues and German cuisine, and also made breakfast for guests of the Ramada House. He always bought the necessary things for the day from the earnings of the day before. A life artist. But times were different back then.
Wow, that is interesting. Thanks for sharing.
I'm gonna start a WINGS, Fries, and COLD Beer business in Cabarete... Hahaha! Naw, just joking. You'll do better the second time around, queen. Good Luck! @ _ @
Lol! Thanks!
@@NorberisR Mi placer, siempre. Jajaja
You ended on the very thought that I had on your first point, "target market." Wings are an American thing and tourists would have flocked to your venue, fer sure! Good, honest points made about the "oops" decisions we make having "zeal without knowledge".
Yes, you live and learn😊
Great vid 👍🏾 Do Dominicans buy products such as sunglasses and novelty products from the US? I noticed the cost to ship from the US to the DR is expensive.
Yes depending how you sending it. But OMG, don't try to send from DR to US that is really really expensive.
I really enjoyed the video. Excellent information however with regards to the business doing better in a tourist area, the issue with that is that businesses rely on tourists whereas Santo Domingo is self sustaining. The tourist areas only have 3 to 4 months of business and that’s in a good season. Many businesses closedown because of that very reason. Your monthly earnings was still very good. You were averaging $10k usd a month which is very good for a new business even by us standards and especially in the DR despite the weekend being slow. Was the overhead high? What was the overhead costs??? And why didn’t you consider the Zona Colonial as your location??? Your business was amazing!!! Loved this video. ❤️ 👏🏻👏🏻👏🏻👏🏻
Thats a great point regarding tourist areas. And that's a decision that needs to be weighed. I agree Santo Domingo can be self sustaining if you are in the right place with the right business. Here in the States you can open a business in lower class neighborhood and be successful because $7 to $10 to a person here is nothing. It's not the same in DR. I could have had a low cost restauarant in low-class neighborhood but people $5 to $7 is a lot to people there. They won't spend that on a 6 piece wing and fries when they can get rice, chicken, beans, salad for $150RD or $250RD which is about $2.50 to $4.50 US. I can't sell wings & fries for $2.50. Selling it at $4.50 was tough. So there is a lot to consider. But I'm glad you asked that question. Yes, overhead was high. I will do a break down video on start up cost and monthly expenses. We were going to open our 2nd restaurant in Zona Colonial but the building we wanted was very expensive. Let me know if you have more questions.
Yes the Zona Colonial is super expensive but the return is great. Looking forward to your video on the cost breakdown and overhead. This video was awesome!!! Gracias. 😘
@@ladonacarmen depends on the business and location. I've seen many businesses close in ZC.
ronnyg1dc Many business close all the time everywhere. That’s kind of across the board. But generally and statistically speaking, the capital has a higher success rate due to sustainability.
@@ladonacarmen Yes you are correct, but in ZC the turn over rate is much higher. Many reasons, but it seems only 2 types of restaurants strive there. High end or lower fast food types, like the French fries places.
Sorry .... Loss and Preventions and Labor Cost
My grandmother had a fried chick place in this area called Albert Thomas in the capital for over 10 years very successful and her location was prime! Lucky she bought the property in the 70s and still owns it but just sits there empty for now.
And you haven't started a business there yet?
Brooklyn’s Finest Red hook! 718 Where is your grandmothers place located? Are you renting it? I’m looking
Carmen Reina del Sol no I’m flying in may 13th to see the property and sign documents as my grandma passed and left it to my dad and my dad has given it to me. My sister and I were thinking of opening a teriyaki chicken and angus bowl place to eat.
Brooklyn’s Finest Red hook! 718 Awesome! Let me know when you’re up and running; definitely will stop by to meet, greet and eat. 👍🏻
Thanks for sharing this. It looks like You learned alot from this experience. I want to start a small restaurant here in the states.
Yes, I learned a lot. Where are you trying to open a restaurant and what type?
Don’t give up. We all learn from previous experiences and your next business will be successful. This experience is a stepping stone for something better.
I agree.
I opened a restaurant in Massachusetts, didn't follow none of the good advice you gave, I lasted six months. Made all the mistakes you mentioned, location was on top of the list of my mistakes.
So did you open the restaurant after you saw my video? What type of restaurant was it?
Have you tried opening that wing place in Punta cana airport or in the Punta Cana Village
No, we haven't.
It's unfortunate this happened but you gained so much valuable knowledge from it! Thanks for sharing. I watch a show called Kitchen Nightmares and it reminded me of some of the things you mentioned, especially having a menu that is too big. A lot of ppl think the more items on the menu the better when many times that isn't the case!
Good video 👍🏾
Thank you and yes it was unfortunate but it was also a lot of good lessons learned. Yes having many items on your menu is not a good idea. Never heard of that show, I need to take a look at it.
I do consulting and I myself was going to open something there as well with someone who is already established and knows the purveyors not only in food, but small wears, decor, cutlery, dinning equipment and so on, that most ppl don't even consider. You can have a bigger menu, but you have to be smart and add items that you also use in other things as well. For example I use stocks for everything, for soup, sauces and so on, all my meats and fish I want on the bone. It's cheaper that way and I get the bones for the base of the stocks, chicken, beef and veal. Going to go through a lot of onions, carrots and celery so all the leftovers from the peelings goes right in the stock for the mirepoix. Three times the price is the correct way to go but really to know whats going out compared to whats being used you have to know the food cost formula. Not knowing this can really Fvck you considering what any one item is going into how many menu items. You really taking chances if your not doing correct food costing and I mean for every lil item, EVERY ITEM! Three times the pricing should be split just as it states. 1/3rd goes back into biz, 1/3rd goes to payroll and the last is what you bank. A little goes a long way I know this so well as far as scenery goes, you can get away with a lot for little money, but have to know decor and if you a chef then you know how important presentation is. Food can taste the best it can be but presenting it right hits the whole experience right out the park. If it looks like shit I don't care how good it may taste, it still looks like shit and I really don't wanna touch shit. Annnnd vegan options are a must now especially in tourist areas. The dude I was gonna deal with before this whole plandemic didn't offer any vegan and in that area where he is already established you are missing out on a whole market that could rival his current setup. Plus his platting skills could use a huge overhaul, but if you don't know, I guess you just don't know or care not too. Another market that is sorely lacking is the off premise catering market, but again you got to know what you are doing and what is needed to pull events off. You gotta keep in mind you pack up to go do an event there is no running back to the shop and getting it if its a great distance away and you forgot something, so you gotta be on top of it when it comes to the food that you are bringing to an event and all the ingredients involved with pulling it off. Then you got to deal with the rentals, where the location will be, what type of event, how many ppl, the pricing of the party per person also depending on what menu items they wish to go with. Then you need a spot to do a tasting as the event draws near and that always a freebie. Work out the contract, get the deposit, work with the rental company yada, yada, yada the list goes on a lil more. That is why you get white business owners, they're expats of corse who are trying to unload a biz now cause it's just become a money pit that the tourism is way down. They don't see the opportunity to reinvent while the downtime is upon them. that's just laziness coupled with stupidity and ignorance. One I just saw on RUclips no less trying to unload one for a ridiculas price that might sound good to someone who doesn't know and whats behind that cost as well. And to have to pay in American dollars for rent? I'd tell that person they on crack, we getting paid in pesos, you getting paid in pesos it just that simple. You want American dollars fine, but you taking the conversion hit not me and oh I charge a service fee to have the money converted on top of that! Read the fine print and always have a lawyer look everything over. Also be in your best interest to see if things are gonna be breaking down, cause if it looks that way then whatever money it costs to replace that item is either coming out the rent or the item is going with me when I leave, cause I take care of my equipment, nothing worse than having a dirty sloppy kitchen. Wanna know how a place runs it show behind the scenes, just walk right in and use the bathroom, that will tell you all you need to know what the back of the house is gonna look like.
Good information. Thanks for sharing.
Hey,thanks for the awesome information..How do you think Philly Cheesesteaks would do in your country..Im getting ready to retire..
That's another one of those products, like flavored wings, that if you put in a city like Santo Domingo you really have to advertise and bring awareness to your product. In a tourist area most foreigners which are most Americans/Canadians that visit DR you don't have to educate them. When they see Philly Cheesesteak they know what they are getting. Of course you would still have to do some advertising but not much educating people on the product. I would not recommed opening it in Santo Domingo. I would bring that idea to a tourist area. You will have a better chance at profiting. I think its a good idea because I haven't seen a business like that there and Dominicans understand Sandwiches, just like they understand wings just not flavored wings. I can see your start up cost being low for that business.
Hayyy don't give up press on
Based on the number of holidays in the DR, and a low crowd volume during the weekends at local campuses, I would have located the business at a popular BEACH area. If it’s a nice sunny day most people and families gravitate to the beach. One thing for sure there is always foot activity at the beach.
This is true, and the reason why i said at the end of the video if I did it again it would definitely be in a tourist areas where there is always foot traffic. Great point.
Norberis R. Good Luck on your next endeavor! Oh, I like to say we NEVER fail! What we do is learn and grow from our experiences. Get back on that horse and ride again. Success is a journey NOT a destination.
Can you be of help with setting up a business and getting a work permit in the Dominican?
You can send me a email with some more details of what you want to do to see how can my services help you.
Stay & talk to God He'll help you & give you the strength you needed
👍.
Lol.. I’m mufuckin tired. Good vid thx. I actually had the exact same idea with the wings.
It's actually a good idea, you just need it in the right area and keep you overhead low as possible.
Norberis R. Yes that’s why I’m thinking of Doing a pop up fish/wings spot.. Over head don’t get much lower than that. I’m thinking Boca Chica.
Tourists equals dinero near beach area would be the best location lots of traffic
Yes, I agree
Norberis R I been to the dr 3 times I would think that a movie theather or skating rank would do good in sosua not enough entertainment.
That sounds like a good idea especially the skating rink. Something to look into.
@@NorberisR yes I was in sosua 2 weeks just not alot of entertainment in the area and with the nightlife with expats I think it would do good.
You break my heart I know the grief and the enthusiasm of a starting a business and ending a business my first business I had no vehicle no money I'm welfare the apartment I was living in crack dealers on every floor laughing my ass off what a place to live.
Very well done. I agree tourist area with locals too.
Thank you.
Hola, acabo de mirar uno de sus You Tube. Esta es realmente la primera vez que te he visto. Y si, eres de verdad una alegría de ver. Entre tu y yo: Yo soy también un expatriado. A propos: un pequeño bien significado consejo: seria mejor para numerar todos sus videos desde el inicio hasta ahora. Para dar el sentido de una secuencia. ¿Quién sabe de esa manera alguien en HOLLYWOOD lo veo como 'perfect stuff' para una película. Nadie lo sabes. Hágalo. Confía en mí en este!....Bye Bye Norberis!
My husband and I have plan to open a business once we move to DR but thank you so much for the inf.
You're welcomed! If you have any questions let me know.
@@NorberisR hello my dear, please text me on Whatsapp +237670165000 please text me
You think Indian food will do good there ?
It's hard to say. I don't know. You would have to do some research.
I love wings.....to me that seemed like a good business idea....I would of been your number customer.. when you learn from your mistakes you can try again
I agree. I agree. I know all the pitfalls now..lol
Well, for business I am going to do real estate. I want to buy land and construct homes to rent....also I want to teach
Real estate is the better investment. I wouldn't own a restaurant again just as a means of survival. I would do it has passive income investment with a partner. I will not be working in it.
@@NorberisR exactly....I want to earn passive income when I go there to live....I also can help people there as well who need it and teach them to do real estate
Excellent advice! . I have to share this video as I have friends that want to do business there
Great! I believe you can have a very profitable business in DR if its done right in the beginning. Start up costs are low. Dominicans don't really care how fancy your restaurant is. As long as its clean and decent. We went with a American mindset where Americans like optics. Labor is cheap. for 4 employees we paid under $800 per month.
Most business will fail without proper planning. Expect to make losses the first year or so. Rarely do business make money in their early days. If you can survive these early years you are on the roll.
Very true.👍
@@NorberisR I am learning a lot from your videos. Currently look for land @ Azua (mountain areas) to guess what start a pepper farm - just like you. The cost of land so far has been too much. Still looking. 6 - 10 tareas.
What cost have you been quoted?
@@NorberisR @ about 350,000 - 500,000pesos por tarea. En la Vega Provincia
350,000 sounds about right but you can probably find it cheaper.
wait a minute...Santo Domingo is not considered a tourist area??? damn...so question, is Punta Cana the most populated tourist area with no other competition? Because I thought Santo Domingo was comparable to Punta Cana but i guess it's only special because it's the capital with historical landmarks si? Is Boca Chica and Sousua as populated as Punta Cana or they're not comparable?
Santo Domingo is not considered a tourist area although there are areas that are tourist focused like Zona Colonial. Santo Domingo is more for business than tourism. Yes, Punta Cana is the most popular tourist destination here. Boca Chica and Sosua are small beach towns. Punta Cana is a larger in land mass. Neither of them can compare to Punta Cana.
@Norberis R. gotcha...tato thanks! I'm in Miami and planning to move to DR asap to start building a dual citizenship lifestyle so I've been watching all your content! keep up the good work! (btw, if you ever need help with fixing your audio for your videos keep me in mind, I'm a professional audio engineer and would love to help you and your channel's quality) 🍻
they say less is always more, another great video thank you.
You're right and we learned that lesson and you're welcomed❤️
@@NorberisR anytime i go into a restaurant that has to much on the menu it takes me so long to figure out what i want especially if i know what i want before i go in, then here comes the menu, OH BOY!!! lol 🤣😂
Hi Norberis, I trust all is well. This is another excellent vlog and ALL of the points you make are relavent to any business, anywhere. I've heard or read that at least 60% of all Resturants in the U.S. fail within the first year, and nearly 80 % within five years. Many of the failures due in part to the information you shared about your experience. I would just share one other point that's vert important also; a well written business plan! When I opened my business here in the U.S. ( a haberdashery) in 2003, a complete line of men's and women's dress and casual hats, I realized that I had the necessary capital to open the business, but then I thought, " why should I use all my money, why not get a small business loan from a local bank!" So, I took some classes for small business with the (SBA) Small Business Administration, and at the the end of the course work, I had also completed a business plan for my business. With my personal capital (20k) and my business plan, I applied for and received a small business loan for (20k) from a local bank. This allowed me to stay in business for 15 years in my community, and provided me the necessary capital for marketing and inventory and I'm still on line today. Now, I realize that my experience here in the U.S. Is very different then your R.D. experience, but I share this because many times people here do not take the time to complete a business plan, which could provide additional capital for their business. So, if you and your husband ever decide to bring those "best wings in Santo Domingo" to the U.S., it may be worth considering and for others who may be entertaining a small business...complete a business plan! Thanks again for sharing your experience!
You're welcomed. And this is very helpful. Thank you for sharing this knowledge..
Also thanks for sharing
i =ve been enlightened
Thanks (-:
Its been years but like i commented need to do homework. I was a chef in the 80's and i eventually started a business was successful but i closed shop when wife got sick to attend to my family and wife ... You have a very good head on your shoulders to go back into it just factor in the covid into your decision this time. Where theres a will theres a way and with God all things are possible...
Thanks for sharing
I enjoy when you open up a little to us. I really like the concept, and totally understand the 7 reasons. I personally, focus on #7 first when I analyze a business.
The last thing I want, is a job disguised as a business! As for going into business with you, and that concept? I'll go one better, I'll go into business with you and
show you how to finance it... if you let me add an item to the menu lol :-) #Hotep
I've been told I need to open up more often..(-: Yes, #7 is key, and thats the perfect description a job disguised as a business. We can discuss your idea of financing further and why not have you add an item to the menu.
A business is like your baby when you lose your business you lose a part of you I grieved in mourned probably three months that was 25 years ago I've ended another business took a year off no I found a new business the fire's back again the passion nothing or not much can be accomplished without enthusiasm. You're very talented woman you articulate your words with great precision you have much more potential then perhaps you see. I feel like a lion mi siento Como Leon I feel the power and the passion because I've been been in deep grief and anguish over the loss of a forbidden Love it was a sweet sweet death. The death and loss of a woman the death of a lost of another business. But with much grief comes much joy and passion. There's a time to grieve there is a time to laugh my time to love . There's is proverbs there a time grief and to Express anguish is for a season but joy comes in the morning. It's rising from the ashes if one deals with the defeat the grief and the loss and they stop holding on to it and they let it go. The strength and the power that comes from that horrible pit What an opportunity for a romantic I think it's the dying that I long for it's at that moment I feel more alive it's the purpose that you find coming from that slow painful death. You become stronger 💪 and the passion to succeed in life in business and in romance only gets better. The Best is yet to come I speak blessing over you .
Thank you for sharing.
Okay so can someone explain . So I know U.S American money is worth more down in the Dominican Republic. But if someone was to open a store down there but they are living in the u.s wouldn’t the currency from Dominican pesos to USD be worth less so u would be losing out on money ?🤔
How would you be losing money? If you are paying in the country's currency to fund the business you're not losing money. Any country you go to with their own currency if you open a business you would earn money in their currency. You can't open a business in someone else's country and expect to get paid dollars.
I bet if you set that business up in Sosua you would of done great. The only good wing place in the area is Flip Flops.
You know I didn't know anything about Sosua back in 2015...lol! Neither did my husband he traveled mostly between Santo Domingo and Punta Cana. When I went to Sosua for the first time I said this would have been the best place to start the business. I heard Flip Flop had good wings, but in 2015 thru 2016 we had the best on the island..lol! Hola Flip Flop(-:
@@NorberisR lol! I wish I could of tried them, especially with 21 flavors! That alone would of drawn people to come. And are you gonna introduce your husband to us? Maybe you can do it on Patreon! Lol
@@Papi_Oso Maybe. He is not going to come on my channel...lol! I'm sure at some point I'll see my subs in DR and it would more than likely happen there.
Good video, it sounds like the 2 of you did everything yourself. Is the taxes different in the DR as opposed to here?
Yes, and that was a mistake. You're thinking your saving money that way but in the long run you're not. Yes, the taxes are different there than here. I think I'm going to do a video on that to explaining how that works.
@@NorberisR please i would like some info about the taxes, and getting a cedura as a business as well. planing to open a restarant in punta cana
@@bsterson Hey brother. What's new?
I would like to thank you for those excellent points. My wife and I being business owners in the U.S. we had to learn these points the hard way. So that was a great presentation or video.
You're welcomed. Its not only hard lessons it was a very expensive lesson...lol
Great video good info about the restaurant business I would like to get in the wing business with you.
Are you wanting to open a restaurant?
@@NorberisR Yes
What area were you thinking about opening a restaurant?
@@NorberisR Santo Domingo
That type of restaurant is difficult in Santo Domingo.
Sounds like beginner mistakes. Lesson learned. I have owned a business for the last 20 years and I can tell you it’s not easy. If you ever need help or advice let me know.
Exactly beginners mistake and now we learned the lesson thank you.
...
I. You much brain to open a bienes 🤫
What do you use to edit your thumbnails
The person that does my thumbnail I believes uses photoshop
@@NorberisR A1 its bussin
@@Thatwestcoastdude TOP DEFINITION
bussin
what you would say if something was really good.
tay- i didnt know yo mama could cook this good!
jj- yea her food be bussin
#bussin#yo mama
Thank you!
I think the main reason for the failed business was due to location once you get a Better more vibrant area I think your business would fair Better
Yes, we learned that the hard way.
Have you tried targeting vegan clients? Lots of millennials are getting away from meats for all kinds of reasons.
I didn't at that time. Back in 2015 vegan wasn't as big as it is now. Also keep in mind DR is behind on trends like that. I don't know how the market is for it now but it maybe room. They have been opening up franchise gyms there so exercising has now become big there so vegan make work there now. Back in 2015 it wasn't a thing there.
Norberis R. I’m going to DR next month to visit family and friends. I can’t wait. I always love going to the moms and pops restaurants over there. Needless to say, i love Latin food, but I’m picky now. Puerto Rico having too many earthquakes so I gotta bounce.
Yes I heard about the earthquakes there.
Good content and info .How much are labor cost for one employee per hour?
I'm going to do a video on that but we were paying our server $9,000 RD which at the time was like $187 US per month.
@@NorberisR Thank you
Evidently it must be cheap the other time she said $130 for the whole month
Thanks for this very honest video, I hope you try again in business and succeed.
You're welcomed. And yes im recently opening another on at the moment. Checkout my latest video.
I always believed it could be done in the Zona Colonial. The rent on Conde is just too high.
Yes it is. Very high. I was looking in that areas and it was around $1500 dollars.
Nice video you ever thought about opening a food truck business over there in DR
I never thought about that. It could be a good business in DR.
i knew some of the things u mentioned but your information was great...
Thank you!
Thanks For sharing your experienced I learn a lot.
You're welcomed. Glad it was helpful.
Muchicimas gracias por tu honestidad,. Pienso que para la proxima ustedes seran un excito.
Muchas gracias yo pienso lo mismo.
People don’t go out to eat just to have wings, something else was needed. Wings and sports go together, you can’t have one without the other. A sports bar might have worked better
You are wrong about that. Hooters or Buffalo Wild Wings wouldn't exist if thats the case. And so many Wing Restaurants in Atlanta would be shut down. Say you don't go out just to eat wings but some people do.
Norberis R. -I guess you don’t like to listen. Believe me when I tell you, people don’t go out to dinner just for wings only. They go for the experience that goes along with the wings. Do you really think people go to Starbucks just for Coffee? I don’t think so. The question you should be asking is “what experience”....???? What exactly did I miss? I doubt very much that Hooters sells better tasting wings then what sold in your restaurant. In fact I’m almost 100% sure your wings were far better. So if that’s the case, then what happened? That’s the question you need to ask?
@@guillermone1 LOL...I made a whole video on what happen! I do listen when its worth it...
@@guillermone1 Lol...I made a whole video on what happened. And yes I do listen when the advice is worth listening to. What you are saying is obvious and I know this. I know people go places for the experience as well as the food. Again that's not always the 100% the case. There a chicken spot around the corner for me that sells just chicken and its always busy. There is dining inside but hardly anyone eats in. In that case its the food not the experience. There are many cases like that and many like what you are mentioning. But if you never ran a restaurant or invested a dime into one you're just speculating. I know what I know from experience.
Norberis R. -I know the hospitality business very well. I too have failed but learned from the experience and later succeeded. I have 30+ years of experience. Part of the learning process involves humility. I started washing dishes in a restaurant when I was 16 years old and worked my way up to manager. I know you wouldn’t do that and never will.
Fantastic video!
Thanks!
Thank you dear. Great video with full of info.
Thank you.
Very informative. Thanks.
You're welcome!
te amo.. mi amor..
sorry about your business but it is beautiful that you shared you lessons learned and more so I feel like you are much better equipped to be successful for your next time because you are the type that take learning from your mistakes seriously. That being said the pictures of the food you posted looked AMAZING....
Thank you Sammie!
Look like you put your heart into your business.I know your bounce back will be strong💪🏼
Yep, we did! Thanks for watching!
Mi amor, me encanta tus vídeos, pero por favor compra un micrófono para tu camara. El eco de la cosina te daña la voz.