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Founder And CEO Of F... • 10m

3. Start Small (MVP) Pop-up Restaurants or Food Trucks: Start with a small-scale operation like a pop-up restaurant or a food truck at hostels or events. This will allow you to test your concept without large overhead costs. Hostel Kitchen Services: Provide kitchen management services to existing hostels, offering them a share of profits, which can build your reputation while minimizing costs. 4. Crowdfunding and Pre-sales Crowdfunding Platforms: Use platforms like Kickstarter or Indiegogo to raise funds. Present your unique idea, show potential customers how your business will work, and offer early-bird deals or membership perks. Pre-sales: Secure pre-bookings or memberships for customers who are willing to pay upfront in exchange for discounts on future stays or meals.

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financialnews

Founder And CEO Of F... • 10m

5. Seek Investments and Loans Angel Investors: If your concept is truly innovative, pitch it to angel investors who are looking for fresh hospitality ideas. Focus on how your idea can solve specific problems or cater to a particular niche. Government Schemes: Look for government schemes or loans for startups, especially in hospitality or tourism development sectors. Bank Loans: Once you have a solid business plan, you can approach banks or financial institutions for business loans. 6. Use Sweat Equity and Barter Services Skill-Based Contribution: If you have skills in marketing, management, or cooking, you can offer services in exchange for support in areas like accounting, legal advice, or construction. Barter System: Partner with local builders, designers, or contractors to exchange services (such as promoting their businesses) for help with setting up your restaurant.

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