Making $1,000 selling donuts

If you don’t think there is money in donuts you probably haven’t had your Tim Horton’s fix for the day yet. For those that don’t know what a Tim Horton’s fix is it is coffee and donuts at one of the Tim Horton’s donut shops that cross Canada and are coming into the United States. In Canada there are over 2,800 of these shops with an additional about 600 shops in the US. To be honest we haven’t had our Tim Horton’s fix lately because they haven’t moved into our neck-of-the-woods yet, and we miss our fix!

Some of the best donuts we have ever eaten were served off the coffee cart that used to come to our office in Manhattan every morning. These were donuts made by the coffee break man’s wife. He used to start with one hundred dozen of these donuts every morning and had none left most of the time when he went home. This was over 50 years ago and the price per donut has risen greatly over the years. At that time he charged 25¢ apiece for the donut’s. Not bad, he started with 1,200 donuts at 25¢ apiece meaning he grossed $300 a ay from the donuts alone or $1,500 a week. The cost of the donuts was less then $100 per day meaning a net profit of about $200 per day.

The secret of success in the donut business is not to scrimp on the ingredients. If you do this to increase the profit on your donuts the customers will go elsewhere in a hurry. There is a chain of donut shops that tried this tactic, they are not around anymore!

You can buy all the equipment required to fry donuts and make coffee at a restaurant supply store whether you are going to open a single store, a whole chain of stores or sell your donuts from a coffee cart.

Warren Buffet's favorite book

In the eearly 1950s a book was published with the grandoise title, 1,000 to make a $1,000. This book was read by a young Warren Buffet avidly. Buffet went on to found "Bernshire Hathaway" built on the principles he learned at a young age in that very book.

This book is now out of print, and even though it is dated the information the book imparted is still as valid today as it was then. This blog will attempt to recall the methods that were described in the original book, but we need your help with this project. If you ever owned the book itself and can remember any of the money making methods described in the book they would be more then appreciated. We would also appreciate any other methods of making money that have been developed since this book was published over a half century ago.

The criteria for any money making ideas is that they have to be valid and can be put into effect with little or no expenditure of cash!

We are going to place posts on this blog that are the result of our researches in ways to make money during this time of economic stress. These ideas are free for tha taking, just let us know how they worked out for you!