Find Your Frozen Banana Stand
"There's always money in the Banana Stand".
Everyone has bill's to pay - whether you have a salary or you "eat what you kill".
Warren Buffet wrote a lot about what he called building a financial moat. A business or series of business that protect "your castle".
Buffet selects the companies he invests based on these principles. For example - buying a railway is considered recession proof by most estimations. It would be next to impossible to compete with or recreate the rail system. Other industries such as commericial painting (he owns Benjamin Moore), auto repair, or even real estate are good candidates. In good times people fix up their houses - but even more people move. In bad times people fix up their houses rather than moving - but some need to move because of economic conditions.
Having a little money machine that requires little maintenance is everyone's dream. Vending and laundry used to be huge passive income opportunities that required only a few hours a week.
The Frozen Banana Stand is a reference from Arrested Development - it was the families financial moat. It provided summer employment for the kids and brought in cash profit. In my family its Furniture Paint.
Some people do farmers markets part time or sell custom items online - some get into seasonal businesses like Ice Cream to try to make some side money.
When a lot of development and very little income is part of your new idea - you will thank yourself for creating your own Frozen Banana Stand. When you find your "little side hustle" - hang onto it!
Ryan Geddes is an entreprenuer located in Toronto Canada. When he's not writing, hes helping with House&Canvas Furniture Paint.
Frozen bananas...... Sounds like a rediculious idea but it makes perfect sense. Low overhead, little, to no waste, etc. With good marketing that could work. I thought it sounded rediculious until I thought it through. Im not much into bananas but I had a deep fried banana split from a food truck once. Best thing I ever ate. The breaded and deep fried bananas melted the ice cream to make an amazing desert. It all blended together so perfectly. Soft/crunchy, cold/hot, sweet/salty, it had it all. It was an amazing product. It was sold from a rusty old plain white food truck. Had they used a little spray paint and graphics they could have hit it big. The product didn't even look that great once the ice cream began to melt but it tasted amazing. I bought one because I heard others talking about them. The truck was so hard to find. It was around the corner from the funnel cakes and fries on the main strip. It seemed that they didnt have the money to invest in the truck or the spot. I feel like frozen bananas would be all about the marketing. That deep fried banana split that I had really needed no marketing, but with the proper marketing it could make the right entrepreneur a very happy man. Take off with it if you want it. Its yours.
I liked mine with caramel bit most people prefer chocolate.
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Nice Pic ................... How It This .... Upvote and Follow
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Love the reference, but you really do make some good points!