Hello. I am new to this site, so I will give a quick intro. I currently work a very successful (in my eyes) career in a technology field (ie. large office, six figure pay, etc). I also run some forums that bring in around 90k a year in adsense revenue. Even with these things I still feel empty. It's a feeling like I havent completed my mission here on earth yet. Ever feel that way? I would love to divest myself from both my job, and my online presence, I hate being attached to the whims of the internet populous and the lack of publisher relations at google adsense.
What I want to do is vastly different than I do today. It comes from the work I was doing around 17 years ago. My resume is a work of art today and is completely truthful. 17 years ago though I was a stupid 18 year old and made a fairly fake software development resume and sent it out. I got hired at a point of sale company at 18 doing development for point of sale devices. In no time I was the top developer and almost weekly I would go to new restaurants as they were opening to make last minute software changes. While I was there I would help the new owners of start-up restaurants/bars do various tasks like end of the night reporting, inventory, how to do specials, how to deliver food from kitchens with runners, use of cocktail waitresses, etc, etc... I literally opened hundreds of restaurants and I also came in to repossess point of sale devices from hundreds of failed places that I opened with. What I discovered is I had gathered a wealth of information on what makes a restaurant a success or a failure.
I made a lot of connections in the local food and beverage industry. Being a sway in the wind kind of kid I left my point-of-sale software gig and went to go manage a new restaraunt startup. The guy listened to me most of the time, and I think because of this we were a great success. I eventually managed several startups and was making quite a reputation for myself. Being still young, around 21? I met a girl who made me feel like hanging out at bars was immature and dead-end. So, I left this and went back into the software development field. Here I am today, managing software developers.
So, as you can guess. I want to leave software development and online advertising to start a restaurant/bar. I know this is a huge gamble, as I have seen with my own eyes, that most start-up food and beverage tank. I have learned a lot of what is required to have a successful start-up in this industry. What I failed to learn as a kid were the following items:
*) Where the owners got the money to start these restaurants
*) Did they finance or use their own cash?
*) What are the costs associated (building a kitchen, interior decorating, seating, etc).
I have $40k of disposable investment money that I can take from my online business. Do you think I could start a place with $40k and loans? I have never attempted a business loan? SBA? What kind of fees and down payment % am I looking for with an SBA backed business loan? I am trying to figure out the best way to turn $40k into a restaurant. Or do you think this is not enough capital?
Thanks !
What I want to do is vastly different than I do today. It comes from the work I was doing around 17 years ago. My resume is a work of art today and is completely truthful. 17 years ago though I was a stupid 18 year old and made a fairly fake software development resume and sent it out. I got hired at a point of sale company at 18 doing development for point of sale devices. In no time I was the top developer and almost weekly I would go to new restaurants as they were opening to make last minute software changes. While I was there I would help the new owners of start-up restaurants/bars do various tasks like end of the night reporting, inventory, how to do specials, how to deliver food from kitchens with runners, use of cocktail waitresses, etc, etc... I literally opened hundreds of restaurants and I also came in to repossess point of sale devices from hundreds of failed places that I opened with. What I discovered is I had gathered a wealth of information on what makes a restaurant a success or a failure.
I made a lot of connections in the local food and beverage industry. Being a sway in the wind kind of kid I left my point-of-sale software gig and went to go manage a new restaraunt startup. The guy listened to me most of the time, and I think because of this we were a great success. I eventually managed several startups and was making quite a reputation for myself. Being still young, around 21? I met a girl who made me feel like hanging out at bars was immature and dead-end. So, I left this and went back into the software development field. Here I am today, managing software developers.
So, as you can guess. I want to leave software development and online advertising to start a restaurant/bar. I know this is a huge gamble, as I have seen with my own eyes, that most start-up food and beverage tank. I have learned a lot of what is required to have a successful start-up in this industry. What I failed to learn as a kid were the following items:
*) Where the owners got the money to start these restaurants
*) Did they finance or use their own cash?
*) What are the costs associated (building a kitchen, interior decorating, seating, etc).
I have $40k of disposable investment money that I can take from my online business. Do you think I could start a place with $40k and loans? I have never attempted a business loan? SBA? What kind of fees and down payment % am I looking for with an SBA backed business loan? I am trying to figure out the best way to turn $40k into a restaurant. Or do you think this is not enough capital?
Thanks !
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
