I'm very aware of all this. I'm a CPA and have an MBA with a concentration in Consulting
Worked on a couple of start up companies during my MBA. And with a CPA license with Big 4 experience (currently working on Chrysler), a job is only a phone call away so the risk is really only losing some funds over the long run.
I really appreciate everyone's care and input. That's why I love this forum
I guess the biggest thing I was lookin at from this post was whether people thought the idea is good as you are the type of people who would eat at a place like this msot likely. If I feel I get enough good responses, I'm going to get started on my formal business plan and will present parts of it on here, especially some recipes to try out. But like I said, I have bigger ideas for this than just a mom and pop place. THat will all come in time
As far as the current environment is concerned, I generally agree; however, a lot of very successful businesses have been started during a recession...Microsoft ring a bell? Capital is cheap, property and equipment is cheap, and the threat of excess competition is low. It's just like the stock market, you make the most money from start up stocks that take off, not the blue chip stocks that make a couple of % a year with a small dividend. Another way to look at it: risk=rewards...greater then risks, greater the rewards/loss. I guess I;m a risk taker. But don't expect anything about this for at least another year or 2. I'm not about to rush into it without all my ducks in a row.