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Old 02-14-2011, 09:01 AM   #40
Full Fledged Farker
Join Date: 12-10-07
Location: Roseville, CA

Going into debt to start a catering business or restaurant when you have no experience is guaranteed to be a loser. Your 'micro' lenders will end up losing and I bet they are relatives so you will not only lose their money but also their friendship. Start with what you can fund yourself and do catering jobs until you build up a following, save your profits and reinvest in the business until you can fund a larger operation.
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