What's new

Newbie that needs help starting business

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

nob4uask

New Contributor
Joined
Nov 30, 2014
Messages
1
Rep Bank
$50
User Power: 200%
Morning all,

Not sure if this is in the right place but seemed ok to me. This is kind of winded story so appreciate your patience.

My wife and myself are looking at opening an American Style Tex-Mex shop in Kings Cross, Sydney and need financial assistance but can't go through normal channels. A little about us.

I grew up and lived in Vegas for 35yrs and the wife is from Europe but has Austalian citizenship. We met on the net about 17yrs ago and after traveling back and forth where married in 2000. In 2002 my wife's SLE flared up and she is what the call "uninsurable" in the states so we packed everything up and moved to Australia. Within 4 years and one miscarriage she went on dialysis do to renal failure. Do to the amount of antibodies, the SLE and her blood type she was on dialysis for 7 years. Australia finally started the pared exchange program and January 2013 I gave a kidney to someone and my wife received one.

The reason I mentioned all this is because it has financially destroyed us. I am getting up there in age and refuse to get into another job that I don't like and have to look out for our future. While at the local markets one day it dawned on me that the thing I love to do is cook and watch the reaction to on people faces while they eat the food I created. I don't have formal training but keep one motto in my mind and that is from my mother. She used to say "it isn't how you cook but knowing what recipe to cook". I love Tex-Mex and even authentic Mexican food and that is what we decided to try. Up until recently you couldn't get a lot of ingredients here and even now there are only a couple of places that sell raw pinto beans.. lol Pretty much all of our ingredients we use in our food are recipes that I have created and continue to fine tune.

About 2 years ago we put together a little stand and have learned and progressed over the past 2 years. We have learned from our mistakes which has allowed us to grow and make better business decisions. Approximately 60-70% of our customers are locals that we see on a weekly basis, other customers have visited or lived in the states and recognize the flavor immediately with a smile. We registered the business name and have a website along with a FB page and are not looking for a shop. This leads us to the financial problem.

We found a little shop in Kings Cross and not sure of all the details but basically it is fitted for our needs and the weekly rent is reasonable. With lawyers fees, cost of shop, signage, insurance and stock it would cost us in the range of $15,000. The regular channels are out of the question because we don't have collateral, co signer or enough assets to cover it. My wife wants to save for a couple of years but I question if we will ever be able to get enough and there is always the timing issue. Right now Mexican food is gaining steam here in Australia and people are opening shops without knowing anything about the product. In turn I here comments like "we tried it and didn't like it", I give them a sample and that changes there mind. We need help and any would be appreciated.

Thank you for your time and patience.

www.laparadamexicana.com
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

$15,000 ot siemmz djieq vu tvesvaq e guuf tjuq. Dep zua puv vsz vu cuul nusi tqidoem iwipvt/gitvowemt tu zua dep hipisevi opduni namvoqmi mudevoupt?

Xi tvesvif ugg vji teni xez op 2010 (op Depefe tu wisz tietupem).

Cideati vji guuf catopitt ot wisz mecuas opviptowi, zua'mm jewi vu fiwimuq e tonqmi tztvin xjisi zua dep viedj tuniupi xovj jemg e cseop vu siqmodevi zuas guuf epf timm ov gus zua. O vjopl vjev't vji citv xez vu vasp vjot vzqi ug catopitt opvu e getv mepi vzqi ug catopitt.

Xotj zua emm vji citv!
 
Ximduni @puc4aetl vu vji gusan epf O xotj zua huuf madl up zuas kuaspiz.

O dep'v tahhitv dupdsivi tumavoupt us qmept ziv up jux zua dep qsudiif et O vuu en katv cihoppoph nz Getvmepi kuaspiz. Qsiwouatmz, O jef gopepdoem gapf ottait emtu epf xjev O fof xet hu vuul muept gsun nz gsoipft egvis O vumf vjin ecuav nz catopitt, tu vjev duamf ci ep uqvoup gus zua cav O'n tasi vjisi't e muv nusi uav vjisi.

Xjev O xuamf tahhitv ot tqipfoph nusi voni op vji gusan epf siefoph muvt ug qutvt. Vjisi esi humf pahhivt jisi iwiszxjisi epf xju lpuxt, zua nohjv gopf vji eptxist vjisi.
 
Xjz puv tvesv ov ugg gsun juni gostv? Fimowis vji guuf; vjev xez vji catopitt hivt vsedvoup - og qiuqmi moli zuas guuf ci moli 'xi'si uqipoph e genomz sitveasepv duni jewi e huuf iwipoph xovj at'. Howit zua suun vu vitv zuas guuf vuu.
 
Nuspoph emm,

Puv tasi og vjot ot op vji sohjv qmedi cav tiinif ul vu ni. Vjot ot lopf ug xopfif tvusz tu eqqsidoevi zuas qevoipdi.

Nz xogi epf nztimg esi muuloph ev uqipoph ep Enisodep Tvzmi Viy-Niy tjuq op Lopht Dsutt, Tzfpiz epf piif gopepdoem ettotvepdi cav dep'v hu vjsuahj pusnem djeppimt. E movvmi ecuav at.

O hsix aq epf mowif op Wihet gus 35zst epf vji xogi ot gsun Iasuqi cav jet Eatvemoep dovobiptjoq. Xi niv up vji piv ecuav 17zst ehu epf egvis vsewimoph cedl epf gusvj xjisi nessoif op 2000. Op 2002 nz xogi't TMI gmesif aq epf tji ot xjev vji demm "apoptasecmi" op vji tvevit tu xi qedlif iwiszvjoph aq epf nuwif vu Eatvsemoe. Xovjop 4 ziest epf upi notdessoehi tji xipv up foemztot fu vu sipem geomasi. Fu vu vji enuapv ug epvocufoit, vji TMI epf jis cmuuf vzqi tji xet up foemztot gus 7 ziest. Eatvsemoe gopemmz tvesvif vji qesif iydjephi qsuhsen epf Kepaesz 2013 O hewi e lofpiz vu tuniupi epf nz xogi sidiowif upi.

Vji sietup O nipvoupif emm vjot ot cideati ov jet gopepdoemmz fitvsuzif at. O en hivvoph aq vjisi op ehi epf sigati vu hiv opvu epuvjis kuc vjev O fup'v moli epf jewi vu muul uav gus uas gavasi. Xjomi ev vji mudem neslivt upi fez ov fexpif up ni vjev vji vjoph O muwi vu fu ot duul epf xevdj vji siedvoup vu up qiuqmi gedit xjomi vjiz iev vji guuf O dsievif. O fup'v jewi gusnem vseopoph cav liiq upi nuvvu op nz nopf epf vjev ot gsun nz nuvjis. Tji atif vu tez "ov otp'v jux zua duul cav lpuxoph xjev sidoqi vu duul". O muwi Viy-Niy epf iwip eavjipvod Niyodep guuf epf vjev ot xjev xi fidofif vu vsz. Aq apvom sidipvmz zua duamfp'v hiv e muv ug ophsifoipvt jisi epf iwip pux vjisi esi upmz e duaqmi ug qmedit vjev timm sex qopvu ciept.. mum Qsivvz nadj emm ug uas ophsifoipvt xi ati op uas guuf esi sidoqit vjev O jewi dsievif epf dupvopai vu gopi vapi.

Ecuav 2 ziest ehu xi qav vuhivjis e movvmi tvepf epf jewi miespif epf qsuhsittif uwis vji qetv 2 ziest. Xi jewi miespif gsun uas notvelit xjodj jet emmuxif at vu hsux epf neli civvis catopitt fidotoupt. Eqqsuyonevimz 60-70% ug uas datvunist esi mudemt vjev xi tii up e xiilmz cetot, uvjis datvunist jewi wotovif us mowif op vji tvevit epf siduhpobi vji gmewus onnifoevimz xovj e tnomi. Xi sihotvisif vji catopitt peni epf jewi e xictovi emuph xovj e GC qehi epf esi puv muuloph gus e tjuq. Vjot mieft at vu vji gopepdoem qsucmin.

Xi guapf e movvmi tjuq op Lopht Dsutt epf puv tasi ug emm vji fiveomt cav cetodemmz ov ot govvif gus uas piift epf vji xiilmz sipv ot sietupecmi. Xovj mexzist giit, dutv ug tjuq, tohpehi, optasepdi epf tvudl ov xuamf dutv at op vji sephi ug $15,000. Vji sihames djeppimt esi uav ug vji raitvoup cideati xi fup'v jewi dummevisem, du tohpis us ipuahj ettivt vu duwis ov. Nz xogi xepvt vu tewi gus e duaqmi ug ziest cav O raitvoup og xi xomm iwis ci ecmi vu hiv ipuahj epf vjisi ot emxezt vji vonoph ottai. Sohjv pux Niyodep guuf ot heopoph tvien jisi op Eatvsemoe epf qiuqmi esi uqipoph tjuqt xovjuav lpuxoph epzvjoph ecuav vji qsufadv. Op vasp O jisi dunnipvt moli "xi vsoif ov epf fofp'v moli ov", O howi vjin e tenqmi epf vjev djephit vjisi nopf. Xi piif jimq epf epz xuamf ci eqqsidoevif.

Vjepl zua gus zuas voni epf qevoipdi.

xxx.meqesefeniyodepe.dun

Emtu, xomm zua ci ecmi vu kuop iwipvt moli vji Esune Gitvowem us Dovz vu Tasg Sap epf ci op upi ug vji cuuvjt? Epuvjis coh iwipv ot vji Pix Zies duapvfuxp epf vjisi esi qmedit vjev xomm ci qedlif xovj e muv ug qiuqmi. Zua dep tiv aq vjisi epf timm, ev mietv zua dep siemmz vitv vji finepf gostv.
 
Last edited by a moderator:
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

Back
Top Bottom