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Nine

(1,741 posts)

64. Better check with your father first.

Sat Oct 26, 2013, 08:06 PM

Oct 2013

He might not want you hitting up his clients for money.

To be honest, your plan sounds so unrealistic that I have to wonder if you're yanking our chains. If you are sincere... well, I guess I'll be called mean and discouraging, but sometimes people need a reality check. No one is going to give you half a million dollars when you have nothing to invest yourself, especially when your idea is not super original. What do they need you for?

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I'm trying to start a business. I have no equity I can call my own except for a financed car. [View all] Buddha_of_Wisdom Oct 2013 OP

You have, uh, studied the need for this in your area? leftstreet Oct 2013 #1

Yep. I have. Buddha_of_Wisdom Oct 2013 #5

Good luck with your plan SoCalDem Oct 2013 #2

You need a convincing business plan. nt bemildred Oct 2013 #3

I have a solid business plan Buddha_of_Wisdom Oct 2013 #7

It doesn't sound as though the people you want to raise money from think so. bemildred Oct 2013 #30

If a car is your only equity source, it's very unlikely MineralMan Oct 2013 #4

Neither have the people who have started the frozen yogurt places.. Buddha_of_Wisdom Oct 2013 #12

OK. Create a strong business plan and see what happens. MineralMan Oct 2013 #15

I think it was Mitt Romney who said, "Go to your parents for money." nt valerief Oct 2013 #6

That is part of the reason I'm trying to do this. Buddha_of_Wisdom Oct 2013 #8

Might be easier to expand the ISP business Paulie Oct 2013 #17

Your father sounds successful. Trust his judgment. If he won't co-sign, rethink your model. Hosnon Oct 2013 #24

My dad has run several successful business.... Buddha_of_Wisdom Oct 2013 #32

It sounds like you and your father have many good relationships through your business. Left2Tackle Oct 2013 #54

When you make your pitch, bring plenty of your yogurt... Eleanors38 Oct 2013 #9

The product is from Oregon.... Buddha_of_Wisdom Oct 2013 #13

Join SBA Katashi_itto Oct 2013 #10

+1 n/t Gormy Cuss Oct 2013 #25

Great idea Shankapotomus Oct 2013 #11

You need to work and raise the capital Paulie Oct 2013 #14

Yup. Here in the Twin Cities in MN, frozen yogurt places MineralMan Oct 2013 #16

I've noticed that several here in DC... Chan790 Oct 2013 #28

Here in Colorado, we have a pretty mild climate Buddha_of_Wisdom Oct 2013 #33

What you need is a job. LuvLoogie Oct 2013 #18

Hmmm greytdemocrat Oct 2013 #19

Brainstorming... Buddha_of_Wisdom Oct 2013 #34

You need a reality dump. nt greytdemocrat Oct 2013 #53

Some people just love to tear down other people's ideas. Quantess Oct 2013 #66

You're going to have to start smaller. Look for one of these. JVS Oct 2013 #20

Bicyle Ice Cream sales seem to be surprisingly big Fumesucker Oct 2013 #47

MIT and Boston College School of Business have websites Raven Oct 2013 #21

For the most part, ignore any advice from DUers (and the internet). Hosnon Oct 2013 #22

+1 graywarrior Oct 2013 #23

I have contacted the person I need to talk to at Small Business Development Council Buddha_of_Wisdom Oct 2013 #35

If somebody is going to put up all the capital they'll want a hell of a lot more than that Yo_Mama Oct 2013 #42

for 600k i would want more than 49%, i would be taking all the risk loli phabay Oct 2013 #45

... and SCORE. lumberjack_jeff Oct 2013 #48

Get a part-time job in a yogurt store first dem in texas Oct 2013 #26

Why do you have to start so BIG? Th1onein Oct 2013 #27

Food carts are the rage. Many businesses begin from them. grasswire Oct 2013 #29

Having raised that kind of capital to start a business I can tell you that grantcart Oct 2013 #31

Exactly. nt Demo_Chris Oct 2013 #37

Entirely true Yo_Mama Oct 2013 #46

+100 mahina Oct 2013 #51

You need a detailed business plan. DETAILED.... Demo_Chris Oct 2013 #36

Follow the business plan of sriracha sauce success story vinny9698 Oct 2013 #38

I comes down to this... Demo_Chris Oct 2013 #39

Message auto-removed Name removed Oct 2013 #40

Don't listen to them my friend. skippy66 Oct 2013 #41

ROFLOL! mrsadm Oct 2013 #44

My advice - start smaller. tammywammy Oct 2013 #43

Hey, I need $500,000 too.... panader0 Oct 2013 #49

Go with something you already know, even more importantly something you already have contacts in Fumesucker Oct 2013 #50

Contact your local chapter of SCORE sarisataka Oct 2013 #52

First do you have any experience in the retail business whistler162 Oct 2013 #55

That's not equity, that's a depreciating asset that's probably not worth what you owe on it. Spider Jerusalem Oct 2013 #56

i would suggest working at a few of the places which are similar to what you want to open JI7 Oct 2013 #57

If this is a serious post, I can give you advice taught_me_patience Oct 2013 #58

I am interested. Buddha_of_Wisdom Oct 2013 #59

If you'd like me to read it, PM me and I'll give you my email taught_me_patience Oct 2013 #60

Out of curiosity, how's the coffee shop going? Pretzel_Warrior Oct 2013 #63

Honestly, it hasn't been the best financial decision of my life taught_me_patience Oct 2013 #70

Sounds like a hard sell. A saturated market for sure Pretzel_Warrior Oct 2013 #61

I just might have to head that direction Buddha_of_Wisdom Oct 2013 #62

Better check with your father first. Nine Oct 2013 #64

Exactly. I can't decide if it's youthful exuberance and ignorance, Egalitarian Thug Oct 2013 #68

People interested in investing that much in a franchise business, invest in a franchise. Egalitarian Thug Oct 2013 #65

that amount seems kind of high for a yogurt place JI7 Oct 2013 #67

Here's how to start a business with little money. Monk06 Oct 2013 #69