David is a chef, and Monetta is a native San Franciscan, and they both have strong entrepreneurial spirits. They put their passions together ten years ago to open 1300 on Fillmore, a full-service restaurant in the Fillmore.
“We found a sizeable space, about 16,000 square feet. The space gave us room to grow over the long term and add capacity as we expand. But we needed more money to buy equipment and for unknown future costs, which is what Main Street’s loan helped us do,” explains Mike.
Richard offers advice to aspiring entrepreneurs: “When you ask for money, make sure you can answer any question about the business. Your idea has to make sense on paper, and you have to focus on the details in the right order if you want to be successful.”
Lindsay encourages new entrepreneurs to take some time to self-reflect. “While It is important to plan, work hard, and put the time in; self-reflection is equally as important in my experience and sometime more so. You need to be able to look at your personal weaknesses and be willing to confront them so they do not hold your business back from thriving.”
Tarquin offers advice to aspiring entrepreneurs: “Be prepared for the little things to add up – it will always cost more than you plan for. Be flexible with your business plan. Know what is non-negotiable and what you can adapt to meet your clients’ needs.”
“I’ve always had an entrepreneurial spirit,” says Nichole. “When I would see empty storefronts, I’d imagine what kind of business I could open there.”
Mister Jiu’s opened in April 2016 in San Francisco’s Chinatown, but the idea for this restaurant has been developing for nearly three years. “I went everywhere to try and get funding and support to open,” remembers Brandon.
“I felt like the banks did not understand my business or what I would be able to achieve with some capital,” Alicia reflects.
Now, Professional Computer Support delivers custom service packages that are fully scalable and available for a flat-rate fee, allowing their clients to work without worrying about IT costs they can’t support.
To pay for the business, Irene used her own money and credit cards. “I didn’t have money to take care of myself,” reflects Irene. “I spent everything to follow my passion.”