But Business isn't buying, and says:
Seriously, if you're going to be a real business, learn to get a loan if you do not have upfront capital for your start-up. Try the banks. And if you do not qualify, try micro loans. And if you don't qualify for that either, last resort, try borrowing money from friends and family -- write IOUs.What do you think of crowdfunding for restaurants? Food trucks? Businesses in general? Would you donate to Latke Love? To a potato salad campaign?Begging for money from the public is lame. You're not a non-profit organization/charity, therefore you shouldn't be trying to get 'free money' from the public. And you don't want that either because you'll then have a lot to prove and the immense pressure to perform.
If you are not able to raise money privately, then you're not ready to open your own restaurant. $100K is not a small sum.
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