Can You Open a Restaurant With No Money? From The Wall Street Journal

http://online.wsj.com/art...25069039219543121.html

This is a bunch of Bull, another article showing dead beats how to get started on nothing. begging to the people who already paid their dues................Bill

Bill,
Why do they have to be dead beats just because they have a dream and no money? I'll bet if you did enough research you'd find some very successful restaurant units and even some chains that were started in this manor. In fact I'd bet a lot of Mom and Pop units were started with a dream and very little cash. Just my thought.
Jack

Dr of BBQ

Can You Open a Restaurant With No Money? From The Wall Street Journal

http://online.wsj.com/art...25069039219543121.html

This article says what most people know, at least to me. The only 'Angels' that I really believe in have money to lend...
While the article focuses on a question for a college student, it is nice to know that there is financial help for Vets. There are a variety of ways to get money, but you really need to have all your answers ready to the questions. Know what you are getting in to.
There is a website that links small investors with people trying to create a business.

I do have a menu that I have been carrying for some time. I just need to figure out where it would be a success where I now live in this town.

I am not a DEADBEAT!!! However my many years in this business has not been profitable enough to save money in these tough times. That said, I know that I can create something popular and profitable based on my know-how and intuition.

mark

Dr of BBQ
Can You Open a Restaurant With No Money?

 
Yes and I believe you can close one with no money, as well.
 

Dr of BBQ


Bill,
Why do they have to be dead beats just because they have a dream and no money? I'll bet if you did enough research you'd find some very successful restaurant units and even some chains that were started in this manor. In fact I'd bet a lot of Mom and Pop units were started with a dream and very little cash. Just my thought.
Jack

Whats wrong with going to work and making money for your DREAM. I see "4 sale signs" on a lot of restaurants that the people thought they had the answer........ I like the people that start off at the Farmers market, get good results from their probuct and are almost forced into getting into their own business........ Everyone in The Restaurant business has a great idea, the restaurant thats going to be a success, the talk of the town.... I guess thats why the failure rate is so high in this business, its all the know it alls going out of business........................I see Hot Doggers on this site that go into business because it looks like a given, an easy way to make a buck, and go into business. This business is the hardest business to succeed in, it has the higest failure rate of anyother business........................If you have a good idea, go to work and save money and do it yourself...............All the people walking thru Ellis island had to work two or three jobs to get their dream, let me tell you, its worth more when you sweat a bit to obtain it. Be a Man and stop begging from the rich, pave your own road in life....Bill

Geez Billy I can only begin to guess your feelings about the health care issue.
I suspect I will get a FOXy reply...

Do you seriously believe that most cooks are earning enough to save for their own place?  This is a ****ty business where most cooks are lucky if they can get $11.00 hourly. We eat better than you though...

As for the rate of failure vs success, I proudly claim that I am knowledgeable in both aspects for doing that. One building I closed once, and later on, opened in two different configurations. I prefer to stay open and know how to do it.

===All the people walking thru Ellis island had to work two or three jobs to get their dream,===

They had to work that much because as always, the immigrants are paid sub-standard wages. Some families banded and worked together. The best examples are all the many ethnic restaurants. I'm flying solo.
And in today's current economic climate, brother can you spare a dime? I'm guessing you won't.

mark

changed for punctuation

doggydaddy


Geez Billy I can only begin to guess your feelings about the health care issue.
I suspect I will get a FOXy reply...

Do you seriously believe that most cooks are earning enough to save for their own place?  This is a ****ty business where most cooks are lucky if they can get $11.00 hourly. We eat better than you though...

As for the rate of failure vs success, I proudly claim that I am knowledgeable in both aspects for doing that. One building I closed once, and later on, opened in two different configurations. I prefer to stay open and know how to do it.

===All the people walking thru Ellis island had to work two or three jobs to get their dream,===

They had to work that much because as always, the immigrants are paid sub-standard wages. Some families banded and worked together. The best examples are all the many ethnic restaurants. I'm flying solo.
And in today's current economic climate, brother can you spare a dime? I'm guessing you won't.

mark

changed for punctuation

 
I see Mexican restaurants opening up all over the place, Families working together for their dream. I see oriental Restaurants opening up all over the place, families working together for their dream...................I don't agree with people getting hand outs for their so called GREAT IDEA, go to work.............Your right line cooks make $11 an hour. Don't ya think if you want your own business you should work your way to a Chef GGGEEEEZZZZZZZZZZZZZZZ lets get real  ......I see these people all the time. I want my own restaurant, but I don't have any money. My answer is, You can't want it all that bad. Do you want to work over time Saturday, Hell No, they have plans hahahhahahhahahahhahahahhahah  .....I worked my way up from $5 an hour, they have a $6 head start.......................Bill 

i95

Dr of BBQ
Can You Open a Restaurant With No Money?

 
Yes and I believe you can close one with no money, as well.
 

That's funny.
Jack

Any time someone says Oriental restaurant...I expect to hear something about the past.
 
 
 

BillyB


I see Mexican restaurants opening up all over the place, Families working together for their dream. I see oriental Restaurants opening up all over the place, families working together for their dream...................I don't agree with people getting hand outs for their so called GREAT IDEA, go to work............Bill 

Bill Several thoughts: I understand but have no proof that it is true "that there are groups in every major city thyat will loan folks that come from foriegn countries money to start a restaurant , quick service type store (7-11) or what ever.  More on this in a moment.

I understand your thought process and have no problem with it, but a lot of new places start with a (money) partner. And of course the restaurant success rate isn't the highest in  the country, BUT,.... that all acknowledged, there are a large number of new places that open under both circumstances and do very well. We hear a lot more about the failures than the successes.  Which I always find very interesting.

I have always thought that those that come from other countries, and become successful in any business in this country do so because they are hard workers.

But just because someone borrows money for start up, or takes a partner on, that has money doesn't mean that will fail or that they aren't hard workers. And if your a hard worker it does not necessary mean you'll be successful. We both know it's not an easy business. We both also know that you have to work far more hours than most people are willing to do.

Besides (lol) if all the new people weren't getting into the restaurant business and only lasting 6 months how would we get all these great deals on EBay and Craiglist?

Jack

Having owned and operated several Small  Businesses, I can tell you-----CASH FLOW IS KING!!!! As long as you can maintain a POSITIVE CASH FLOW----That means more cash coming in than going out----You can survive! Even if it's a small amount. 

This BASIC PRINCIPLE applies to any business. Once your expenses exceed your income------YOU'RE DEAD! As long as you have sufficient capital to sustain you thru a start-up of anywhere from 6 months to a year, and THEN maintain a POSITIVE CASH FLOW, you have a SLIM CHANCE of survivial! The restaurant mortality rate is 80% in the first year----Primarily as a result of underfunded, Negative Cash Flow, situations. Project what you think you'll need cash-wise to survive for 2 years and TRIPLE IT. You MIGHT MAKE IT! It's not about your food----It's about your CASH FLOW!!!!

I see Mexican restaurants opening up all over the place, Families working together for their dream. I see oriental Restaurants opening up all over the place, families working together for their dream...................I don't agree with people getting hand outs for their so called GREAT IDEA, go to work.............Your right line cooks make $11 an hour. Don't ya think if you want your own business you should work your way to a Chef GGGEEEEZZZZZZZZZZZZZZZ lets get real  ......I see these people all the time. I want my own restaurant, but I don't have any money. My answer is, You can't want it all that bad. Do you want to work over time Saturday, Hell No, they have plans hahahhahahhahahahhahahahhahah  .....I worked my way up from $5 an hour, they have a $6 head start.......................Bill 

 
You're like the Pregnant Hooker Getting Ready to Give Birth---- You're Laboring under a Misconception!!! 
Mexicans & Orientals are willing to make the Sacrifices to start a business. They live in a CHEAP apartment with 20 others. They work long hours - 80 to 100 hours a week. They have no Medical insurance, Most don't pay taxes. They live in a Basic Survival Mode!  Are You Willing to do that to pursue your Dream?? They are in the same mode as the Irish, Germans, Polish and other Europeans of 100 years ago. They made sacrifices, worked hard and pursued the Amercan Dream. Are you of that level of Commitment and Determination to fulfill your dream?? If not, Forgetaboutit!

Foodbme
Mexicans & Orientals are willing to make the Sacrifices to start a business. They live in a CHEAP apartment with 20 others. They work long hours - 80 to 100 hours a week. They have no Medical insurance, Most don't pay taxes. They live in a Basic Survival Mode!  Are You Willing to do that to pursue your Dream?? They are in the same mode as the Irish, Germans, Polish and other Europeans of 100 years ago. They made sacrifices, worked hard and pursued the Amercan Dream. Are you of that level of Commitment and Determination to fulfill your dream?? If not, Forgetaboutit!

I could not agree more. If I could I'd add this to the top of the forum as a sticky. And if those that start or wish to start aren't willing to make the sacrifice then don't bother. Great post.
Jack

It is not called culinary arts for no reason. While some might say ahhh...that fancy stuff it really is a medium and talent just like any other skill or art. There are some people in life who...if every creature comfort was removed from them would survive and thrive again based on talent ability and drive built and instilled from within.
 
Professional sports are filled with athletes who are at the top of their game...in any given game. They get perks from the jump because they have natural ability that few others have...and others  could not just pick up a ball or a bat and do the same thing. People cheer for them as they make millions from day one after their scholarships...and if you are a fan of their team you do not think about their early perks...when they hit a home run or score a touchdown.
 
If you have talent drive and/or an insatiable work ethic you do not begrudge others when things have and are working out for you. Why waste the joy that comes from being at the top of you game with all the dues paid to be angry or bitter towards those who are either just starting out...or risking their money or the money of other willing investors while tryin to make it?
 
 
 
 
 
 
 
 
 
 
 
 

CCinNJ


Any time someone says Oriental restaurant...I expect to hear something about the past.
 
 
 

You noticed that too. You can equate Oriental with Negro in your racial descriptions.  Mexican for a Latino by virtue that they are not talking English.

Billy,

Credit is the basis of what makes things go. People cannot borrow money at the moment and even established places are struggling. What was the name of that sandwich place in Chicago..? Banks have loan departments for a reason for homes, autos and business.  Are you telling me that you have paid cash for all of them?  You are for capitalism inaction instead of capitalism in action

===Your right line cooks make $11 an hour. Don't ya think if you want your own business you should work your way to a Chef GGGEEEEZZZZZZZZZZZZZZZ lets get real===

I am having a problem here.  Is this a comment or a question and what is your point?  I would not lend money to a chef unless there is a good business plan.  Depending on the occasion, I can call myself a chef...
That said, maybe I am being presumptive about things.  This topic is about restaurants. Looking at your other posts, it seems your focus is on hotdog carts.  Here I agree that you should not need to borrow money for a hotdog cart; you are in trouble if you do that.
I am talking about a real brick and mortar place...


mark
 

Dr of BBQ

Foodbme
Mexicans & Orientals are willing to make the Sacrifices to start a business. They live in a CHEAP apartment with 20 others. They work long hours - 80 to 100 hours a week. They have no Medical insurance, Most don't pay taxes. They live in a Basic Survival Mode!  Are You Willing to do that to pursue your Dream?? They are in the same mode as the Irish, Germans, Polish and other Europeans of 100 years ago. They made sacrifices, worked hard and pursued the Amercan Dream. Are you of that level of Commitment and Determination to fulfill your dream?? If not, Forgetaboutit!

I could not agree more. If I could I'd add this to the top of the forum as a sticky. And if those that start or wish to start aren't willing to make the sacrifice then don't bother. Great post.
Jack

Well we just went full circle. It takes you guys a while to agree with me, but sooner or later you see the light. ...................These people are willing to do whatever it takes to have their dream. Whats the problem with that, I have nothing but the upmost respect for them and their families. If you start your business with your own money, you will work your butt off to succeed. You see these people have pride, They will succeed. I would bet they have a better chance of succeeding than the begging collage kid. The money they use in their business is their own. ..........While our kids are walking the Mall with Ipods and Satrbucks Iced mocha, these kids are helping out in the Family business...........................I would take their values over ours any day of the week.......If you can't take the heat stay out of the kitchen....................Hard work isn't a crime, its what this country was build on. .
   I have friends that grew up on Potatoes so the family could save for a house....Like I said this country was founded on sweat and tears.
    Why don't you guys take up a collection for this 90 day wonder collage kid and see what your return will be......I'll take the self starter families that know how to work ..................Don't preach to the choir, I know what it takes to succeed in this business....................Bill

Where are the handouts? The article suggests borrowing money from people. Those people will expect a return. Banks are not to keen on loaning to start up restaurants and that is probably why they are suggesting going to friends, family, and non traditional sources.

People are individuals in this life. Not all people fit into the stereotypical box as others choose to label them. Young people can be smart (much smarter than many other "seasoned" adults) and if it happened to be your kids and you have paid your dues and worked hard to be in a financial place to help them start a business...you might not sit on the sidelines because you have raised them with you being  their role model and you may know full well that they will take what is afforded to them...and work hard to make it work.

doggydaddy

CCinNJ


Any time someone says Oriental restaurant...I expect to hear something about the past.

You noticed that too. You can equate Oriental with Negro in your racial descriptions.  Mexican for a Latino by virtue that they are not talking English.

Billy,

Credit is the basis of what makes things go. People cannot borrow money at the moment and even established places are struggling. What was the name of that sandwich place in Chicago..? Banks have loan departments for a reason for homes, autos and business.  Are you telling me that you have paid cash for all of them?  You are for capitalism inaction instead of capitalism in action

===Your right line cooks make $11 an hour. Don't ya think if you want your own business you should work your way to a Chef GGGEEEEZZZZZZZZZZZZZZZ lets get real===

I am having a problem here.  Is this a comment or a question and what is your point?  I would not lend money to a chef unless there is a good business plan.  Depending on the occasion, I can call myself a chef...
That said, maybe I am being presumptive about things.  This topic is about restaurants. Looking at your other posts, it seems your focus is on hotdog carts.  Here I agree that you should not need to borrow money for a hotdog cart; you are in trouble if you do that.
I am talking about a real brick and mortar place...


mark

Hey Mark, Go down to California and see how the "I don't have any money but I want a 500K house worked out.". If California doesn't work for ya, stop in Florida and then fly over the USA...................Stop in any town USA and see how the "No Intrest", No Down Payment worked out buying a Car...........................Credit is great.... but Credit is earned. not given.........The answer to your question is..........I pay my bills, I have a 1/4 mil credit line...I charge and pay my bills off monthly, and own everything I have.. been in business 15 years ...............I saw on TV yesterday that Target is doing "Lay aways" Isn't this something ?????????? don't buy it until you can afford it ............WOW new concept from the 50's............I don't see that many credit cards coming in the mail and more. What do you think, are they tired of giving credit to deadbeats.....Credit is EARNED not a GOD GIVEN RIGHT................Bill

===Your right line cooks make $11 an hour. Don't ya think if you want your own business you should work your way to a Chef GGGEEEEZZZZZZZZZZZZZZZ lets get real===

I am having a problem here.  Is this a comment or a question and what is your point?  I would not lend money to a chef unless there is a good business plan.  Depending on the occasion, I can call myself a chef...
That said, maybe I am being presumptive about things.  This topic is about restaurants. Looking at your other posts, it seems your focus is on hotdog carts.  Here I agree that you should not need to borrow money for a hotdog cart; you are in trouble if you do that.

Mark, I'm talking about Brick & Mortar. I'm saying if you want to open a restaurant and your a line cook then work your way up to a Chef. There is more to owning and succeeding in this business than being a front line cook.......................Bill

You certainly do not have to be a Chef to own a restaurant. Many people who are not Chefs own restaurants.
 
Dead beat is one who borrows and has no ability means or flat out does not pay back a loan.
 
Ok kids are in college. They cannot live on their own as they go to college because rent is not the same as it was back in the day. My first apt. was $193 a month. Now the cheapest you are going to find is about $1000 here (good luck). Then there is tuition. Then there is the fact that while they are working hard for someone else at $8 an hour....they cannot afford to live on their own...and maybe will be living "at home" until they are like 30 if they would be paying off the loans for college tuition. Are young people who have their tuition paid by their parents dead beats? Why not invest in the children you spent maybe half of your life raising with money for a business instead of taking that money and putting it into the "sure thing" (hello) of the stock market?
 
So someone who borrows $10,000 to start a catering business is not a dead beat...but if it was more for a brick & mortar they would be a dead beat? Is there a minimum quaifier as far as an  amount to being a "dead beat"?

You certainly do not have to be a Chef to own a restaurant. Many people who are not Chefs own restaurants. 
 
Well It sure helped me be successful..............Maybe if your a burger joint it doesn't matter. If your in a Fine Dinning Restaurant its better than not being a Chef. When you become a Chef then you can tell me i'm wrong.....................................  


                                             Why not invest in the children you spent maybe half of your life raising with money for a business instead of taking that money and putting it into the "sure thing" (hello) of the stock market? 
 
Answer ...............I sent my son to Culinary school to learn this business when its time he will take it over.............I made 5K in the stock market this morning during your rant, How about you????? 

So someone who borrows $10,000 to start a catering business is not a dead beat...but if it was more for a brick & mortar they would be a dead beat? Is there a minimum quaifier as far as an  amount to being a "dead beat"? 
 
No, a deadbeat is someone that gets credit and knows he/she can't pay it back.....................If the Bank thinks your a RISK then why shouldn't I........................... if its a good investment why don't you lend this kid money.........Put your money where your moth is.....Collage kid just grad from Collage, Has to have a lot of experience, after all he just graduated. He knows it all, give the kid 100K and be done with it. How much more do you think he needs for God sake. Unlimited credit of your Vias Card....................Good Idea????????????  or would you want a bit of proof that he will succeed, just a bit, a tiny winnie bit....................I'm done with this Post, have fun and tell us all how much money you made on the Collage kid.............Bill
                                      

I am a culinary school grad (twice over) and my son is a current culinary school student. Oh...and he is picking up a large part of the tuition...as not to be a dead beat. That alone has saved me more money then the initial investment. I put my money where my mouth is...and I could not be happier or more proud for doing it. I could have made 10 times the amount in the stock market (or not) and it would have not produced an ounce of the joy of being the proud Mother I am today.
 
My kids are a very good investment. I am sure others feel the same about their kids...as well. That is the point to the entire story....if you know someone who can help you and you are smart enough know enough and work hard enough...ask them for help and make it work. It can be a win win.
 
 
 
 
 
 

Well we just went full circle. It takes you guys a while to agree with me, but sooner or later you see the light. ...................These people are willing to do whatever it takes to have their dream. Whats the problem with that, I have nothing but the upmost respect for them and their families. If you start your business with your own money, you will work your butt off to succeed. You see these people have pride, They will succeed. I would bet they have a better chance of succeeding than the begging collage kid. The money they use in their business is their own. ..........While our kids are walking the Mall with Ipods and Satrbucks Iced mocha, these kids are helping out in the Family business...........................I would take their values over ours any day of the week.......If you can't take the heat stay out of the kitchen....................Hard work isn't a crime, its what this country was build on. .
  


Good try Billy,.......... I saw this post earlier in the week but I was way too busy chasing the American dream to respond.
 
WRONG WRONG WRONG, I do not agree with you. I don’t care where you beg, borrow, or steal the cash, time and expertise, in order to open your Dream Restaurant, QSR, Hot Dog Stand, OR Concession Trailer, if that’s your life’s dream go for it.

Yes I’d be a little jealous of a rich kid that just hits his Father or Mother up for a $100,000 dollars to start his dream brick and motor joint but that’s just life. It doesn’t mean he will make a success of his venture.  In fact he may be less inclined to be a success than the hard workers that rose from the bottom of the pile. Yes on that point I agree BUT BUT BUT But he may just have the right idea to turn the food industry upside down.

In your post you said “I would bet they have a better chance of succeeding than the begging collage kid. The money they use in their business is their own.”

It’s the individual not where the money comes from. You seem to have some kind of rich kid ..poor kid angst which in this day and age is kind of silly. There are numerous supper stars on food TV that came from both sides of the track and there are numerous big money people out there that are more than willing to invest in the latest new culinary craze.

So don’t despair the guy or gal that comes from nowhere to try at his or her shot at fame and fortune. Or how they came about the cash to open their dream restaurant or other food venture. And don't be jealous about where the cash comes from.
Instead wish them luck, because they may win or fail and you may look at their concept and take it one step further and become the ultimate winner.
We all depend on each other for food for thought in this business.

 
Jack
PS there is one thing I DON"T LIKE ABOUT MANY of the people that address the numerous food  forums about these issues and that is those that aren't willing to do their own research to find the answers to their questions. But that said if you want to pay someone to do that research for you go for it.

Dr of BBQ


Well we just went full circle. It takes you guys a while to agree with me, but sooner or later you see the light. ...................These people are willing to do whatever it takes to have their dream. Whats the problem with that, I have nothing but the upmost respect for them and their families. If you start your business with your own money, you will work your butt off to succeed. You see these people have pride, They will succeed. I would bet they have a better chance of succeeding than the begging collage kid. The money they use in their business is their own. ..........While our kids are walking the Mall with Ipods and Satrbucks Iced mocha, these kids are helping out in the Family business...........................I would take their values over ours any day of the week.......If you can't take the heat stay out of the kitchen....................Hard work isn't a crime, its what this country was build on. .
 

Good try Billy,.......... I saw this post earlier in the week but I was way too busy chasing the American dream to respond.

WRONG WRONG WRONG, I do not agree with you. I don’t care where you beg, borrow, or steal the cash, time and expertise, in order to open your Dream Restaurant, QSR, Hot Dog Stand, OR Concession Trailer, if that’s your life’s dream go for it.

Yes I’d be a little jealous of a rich kid that just hits his Father or Mother up for a $100,000 dollars to start his dream brick and motor joint but that’s just life. It doesn’t mean he will make a success of his venture.  In fact he may be less inclined to be a success than the hard workers that rose from the bottom of the pile. Yes on that point I agree BUT BUT BUT But he may just have the right idea to turn the food industry upside down.

In your post you said “I would bet they have a better chance of succeeding than the begging collage kid. The money they use in their business is their own.”

It’s the individual not where the money comes from. You seem to have some kind of rich kid ..poor kid angst which in this day and age is kind of silly. There are numerous supper stars on food TV that came from both sides of the track and there are numerous big money people out there that are more than willing to invest in the latest new culinary craze.

So don’t despair the guy or gal that comes from nowhere to try at his or her shot at fame and fortune. Or how they came about the cash to open their dream restaurant or other food venture. And don't be jealous about where the cash comes from.
Instead wish them luck, because they may win or fail and you may look at their concept and take it one step further and become the ultimate winner.
We all depend on each other for food for thought in this business.


Jack
PS there is one thing I DON"T LIKE ABOUT MANY of the people that address the numerous food  forums about these issues and that is those that aren't willing to do their own research to find the answers to their questions. But that said if you want to pay someone to do that research for you go for it.

 
 
jack, Jack, Jack, Jack, Jack................We all wake up in the land of freedom and opportunity every morning...............Dont take the few glory boys and girls on the food channel and make them the norm, the other 299.9 mil people follow a more normal dream daily.................I drive by "FOR SALE" Restaurants daily that those people had the same dream....This business is nothing but hard work and long hours. If that glory boy collage kid could get a hand out, thats fine ( 90 day wonder look it up)...............I would bank my money on a person that had a good idea, worked in this business and knew the heart ache, knew the ins and outs of the kitchen, knows food cost, profit and lose statments, ordering, employee hiring and firing proceedures, Chef quality experience. I would bank on a person that paid their dues in this business and still loves every bit of it...................I would back this kind of person...................If you think its a better idea to back someone just out of collage with no experience in anything except BOOK LEARNING then you do so................I will back the guy/gal that gave their heart and soul working for a better life and will succeed because of the experience and dedication they have.......................Bill.......P.S hey Dude, I have like a great idea, send me 100K..........thanks Dude... Sorry man, I didn't know it was like this much work. See ya on the next wave.................Later Dude.  I thought the pastichio sub sands would go over great, they loved them in the Commune... see ya dude.....I have another great idea for a book holder for a surfboard so you could do your homework while surfing,,,,,,,,,,,,Later dude

A big factor in the for sales is a product of the fact that many of the people who work their way up through the ranks are also building a life that includes factors outside of their own self.
 
People get married have children buy a house and the rest of the stuff to establish a family life. Many have experience but also financial obligations that make them a bigger risk...than many young talented people who just have themselves to worry about and support.
 
A good financial risk? Someone who might have a spouse paying the family bills while the new business is being built. Factor that things happen when you rely of the income source of another party (illness secondary business hits the skids lost job) as well as pressure and toll long hours away from home puts  on the family life.
 
The risk of divorce and getting by paying the bills that need to be paid by any means...usually means dipping into credit...and credit cards to get by...and that is a killer.
 
Many folks with tons of experience and an assumed great risk go through this sort of thing all of the time. All hands on deck means the first financial priority and commitment is not losing the house the cars the spouse the kids  etc.
 
The final result of many of these types situations is defaulting on business loans and bankrupcy to try to get out from under the pile...and many just go back into the restaurant to work for someone else. Hmmm....dead beat?
 
Not every young person is lazy ignorant and in need of $100,000. Some are ready willing and able to take on the greater responsibility of owning a business vs. working for someone else early in life. If they do not make it home for dinner big deal. They might order a pizza and have a card game at midnight. Nobody tapping their foot waiting for them...thinking they have some nerve while...yada yada.

I resemble this remark. I myself do not have alot of startup cash and will be more than willing to take on a partner with more money if need be to get to the other side of my deam. There is alot to be said for sweat equity and OPM (other peoples money) which by the way is what lot of other companies were built upon. Whats the big deal?

Georgia, If someone doesn't have any idea of what they are doing who wants to invest in them. I'm saying be good at what you do, have a  good game plan. learn everything you can on how to cook the best product you can.........................Thats all I'm saying.............I'm not saying that qualified people shouldn't get money, I'm saying riskey people shouldn't get money...............I would invest in Know how, not No nothing.....................Bill
.