Financing

Absolutely. If you as an individual are deemed to be a high risk borrower then your ownership / management of a business will be viewed the same, regardless of what some of them may claim.

However, that's not to say you cannot still swing things in your favour with a well thought-out & presented Business Plan, especially if you can demonstrate that you have thoroughly researched your market and the competition you will face. A USP (unique selling point) is important to identify, both to yourself and in your Business Plan. Use only realistic, supportable financial projections - they can spot a hopeless dreamer a mile away.

Of most importance, don't expect a lender to back you in full. They will almost invariably want to see that you have (or are willing and able to) invest considerably yourself, even if you have had to borrow the money from elsewhere to do so, e.g. family / friends. At best you can reasonably expect a lender to meet you half way - provided that your Business Plan makes the grade. There are many excellent "Business Plan" type resources on the web.