Youthful exuberance leads to new role
GEN Y is often accused of being lazy, lacking direction and unwilling to accept responsibility.
Someone forgot to send the memo to Marcus Drady.
The 20-year-old Bundaberg man recently took ownership of LK Cafe on Bourbong St and said he was keen to establish the cafe with simple food philosophy in mind.
"Great food at reasonable prices," Mr Drady said.
Mr Drady said financial troubles last year as well as responsibility of being a young Dad forced him to act.
"About three days before Christmas my fiancé left me," he said.
"We were having serious money troubles, which was quite depressing.
"Instead of sitting there dwelling about it, I made it my mission to get in to business in something I love."
Mr Drady, who has a background in hospitality management at both the Club and Grand hotels, decided he wanted to own his own cafe.
But there were stumbling blocks.
"I went to a bank and had a loan rejected," he said.
Mr Drady said he found a private investor who assessed his plan.
"I presented my business plan and had the financials drawn out," he said.
"So when he had faith in me and my plan, I was over the moon.
"We agreed on a 7% interest rate over four years to pay back the money."
Mr Drady settled the deal on May 29 and opened on June 6.
"The biggest challenge has probably been budgeting for the first few months to smash out the start-up costs," he said.
"Once I got in here a few things popped up like security deposits for power.
"I've learnt a lot about council permits and all the hidden costs that come with running a business."
Mr Drady has surrounded himself with keen young workers.
"I put a lot of trust in my employees and that lets them thrive," he said.
"I think if I give them a position with responsibility they will work hard."
In six weeks Mr Drady said he would close the business temporarily to change the layout.
"It will be called Marky's Diner," he said.