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I'm a California restaurant operator preparing for the $20-an-hour fast-food wage by trimming hours, eliminating employee vacation, and raising menu prices (www.businessinsider.com)

submitted 8 months ago by [email protected] to c/[email protected]

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[-] [email protected] 4 points 8 months ago* (last edited 8 months ago)

Me: Hi there, I'd like to apply for a loan for a new restaurant.

Bank: Okay, so you have a business plan?

Me: Yes, here it is.

Bank: Hmm... it says here under employee compensation, "slaves LOL" - what does that mean?

Me: Oh, haha, I'm gonna pay them pretty much nothing.

Bank: ...get out of my bank.

Why do we accept shitty business plans that would otherwise get laughed at?

[-] [email protected] 2 points 8 months ago

if you could show the bank you could get away with it they would be more than happy to fund you

this post was submitted on 16 Jan 2024

112 points (89.4% liked)

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