Is your business model viable?

Recipe to success: Just check out the gross margins of the profitable restaurants and you will discover the secrets of their success.

THERE is a saying that “there is a first time to anything in business”. You will never find out until you actually do it. You just hope and pray that the end results justify your impulsive actions and shallow thinking. Or you will end up looking amateurish and feeling slightly foolish.

So I have decided to try out a Dear Mentor format for this column and only for this week. The following questions are real life situations that I have been asked to advise/comment on. Please do not send any questions or problems to our StarBiz editor unless you plan to annoy him no end. Here goes...