My partner and I have this fabulous idea. But we haven't a cent.?!


Question: My partner and I have this fabulous idea!. But we haven't a cent!.!?
my partner and I have a fantastic idea to open a fine dining restaurant!. The name is even fantastic, but we dont have a cent although we're great cooks!. I know the idea would take off!. Anyone got any ideas where we may get help!. we were thinking on the Dragons Den is there any other place we could go to get help, we are both presently unemployed!.!. Www@Enter-QA@Com


Answers:
Unfortunately being a great cook is not enough to run a successful restaurant!.
Do you have any experience as a professional cook!? Have you ever worked in a restaurant!?

Do you know how much money you need!?

Once you’ve decided how much you need to raise you will be in a better position to evaluate which sources of funding suit your business!.

In general, bank debt is the most attractive option to many entrepreneurs as it enables them to keep 100% equity and control of the business!. However, banks don’t often lend against start-up business ideas especially since this requires taking equity style risk!.

If you’re happy to welcome the risk into your home, there’s always the option of borrowing against the value of your property!. Tapping friends and family might also be a good place to start!. This tends to be quicker, possibly cheaper (depending on what your friends are like) and easier to come by!. But any such investment obviously comes with its own strings attached!.
About the Dragons Den - I am not sure but guess it will take long time before you have the chance to present your idea and that does not guarantee success!.


Whatever you decide, I hope it works and you are successful!. And let me know when you open the restaurant, I will be happy to be your client and try your cuisine!.






Www@Enter-QA@Com

well your dream may take a year or two if you have no money so I would find employment at somewhere then when you have quite a bit of money then get a loan open up your restraunt then your money will soon come back!. Or you could doa sausage sizzle for you local community and charge like $2 you will get heaps of people coming or go for something creative cook something diferent instead of a sausage!. also if your tight on budget then get really cheap ingredients!.:)Www@Enter-QA@Com

Your bank would appear to be the best idea, although they may be a bit sceptical about lending money at the moment!. Your present situation means that you don't have much to go on either!. So you will need to draw up a detailed feasability study for your project in order to present it to your bank!. Be prepared to answer some very tough and searching questions!.

In the meantime you may want to enrol on some catering courses to add strength to your request!.

Good luck!.Www@Enter-QA@Com

You would need at least £400,000 to start a restaurant, and I don't see you getting that on Dragons Den ;(Www@Enter-QA@Com

would you consider calling the restaurant ' The Brass Neck'!?Www@Enter-QA@Com

Try writing to J K Rowling!.
Shes got plenty of money to give away!
Its worth a try!.Www@Enter-QA@Com

Good luck!.Www@Enter-QA@Com



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