Im 18 years old, 19 ina week, and im considering buying myself a business, but need advice?

I am actually very smart, and a lot of common sense, so i dont fall into stupid mistakes.





i want to buy a club or bar but this could be really expensive and i was wondering can you mortgage the amount needed for buying? say 2.7 million?Im 18 years old, 19 ina week, and im considering buying myself a business, but need advice?
The bank is going to want to see your substantial equity in the business.





So if the purchase price is 2.7, figure on (roughly) 1.35 million (or more) put in by you, not borrowed !Im 18 years old, 19 ina week, and im considering buying myself a business, but need advice?
Not sure where you are so don't even know if you would be allowed in a bar at 18 or 19.





Here is a checklist for you to help you decide if you have what it takes to run a business: http://www.bullseyecareerblogs.com/2009/鈥?/a>





One of the things successful business owners do is bring an accountant and a lawyer on board immediately. This is a question for an accountant and I hope one will answer you assuming you have some property you can mortage.





Good luck.
well first of all to get a mortgage for 2.7 million you or someone you know that signs with you would have to make at least then 1 million or more a year to even qualify for such a thing