I want to open a small bar or restaraunt without taking a big loan from the bank or there any other options out there?
2006-06-28 13:36:04 · 4 answers · asked by Michelle W 2 in Business & Finance ➔ Small Business
You can pull it off (maybe), but an enourmous amount of legwork will be required. You should identify a successful, but currently retired, restaurant owner (better yet, an owner of several successful restaurants), and pitch your business plan to him/her. If your pitch is declined, find another one. Repeat until you get funded (or until you are ready to give up).
2006-06-28 13:43:10 · answer #1 · answered by NC 7 · 0⤊ 0⤋
Even small restaurants require a huge amount of money to begin with. If you do not want a loan, then you should consider investors. You could look for grants as well. The Small Business Administration could give you advice.
2006-06-28 13:42:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋
perhaps u could propose yr business plan to one or two friends who have the capital, and invite them to join in as shareholders.
2006-06-28 13:42:38 · answer #3 · answered by q-rious 2 · 0⤊ 0⤋
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2006-06-28 14:34:01 · answer #4 · answered by Anonymous · 0⤊ 0⤋