Financing Your New Business

Being under capitalized (not having enough dough for the whole pizza) is a critical mistake many new restaurateurs fall prey to. A sound business starts with sound financial planning and a solid business plan.

Have you:
1. Conducted a feasibility study?
2. Written a business plan?
3. Planned for at leastthree months of operating capitol to start?
4. Established financing before negotiating your lease?

Here are some links to get you started, including one for a business plan software package customized specifically for restaurants:

Great resource for FAQ's
Small Business Administration homepage
Resource for lenders both traditional and non-traditional
ORA Member Restaurant Consultants Who Can Help
Reduce the Risk of Opening a New Restaurant (by Jim Laube)
How to Avoid Empty Tables and Garner Maximum Efficiency - (Cash Flow article by Scott H. Cytron)