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Restaurant Pitfalls and Profits |
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Advice on Opening a Restaurant
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When looking for advice on opening a restaurant there are many things you need to know. It’s extremely beneficial to have some experience in the restaurant industry. Almost 50% of people at some time in their lives work in the food industry and this can do plenty in gaining a first hand knowledge of how it all works.
Hiring a consultant may turn out to be one of the most rewarding ways to invest your money. A professional consultant can bring your attention to things you may otherwise overlook. Most restaurant owners wait until it’s almost too late before calling in a consultant but this could really just work against you. Consultants can really increase your profit later by assisting you now.
A business plan will always be the first word of advice on opening a restaurant. Creating a thorough and professional plan is necessary for any business. Investors will not be willing to work with you without one. A business plan shows that you have given serious thought to your restaurant and attempted to cover every detail. As well it will allow you to draw out all of the start up costs which is essential in getting started.
Another important piece of advice on opening a restaurant is to be a people person. Your entire business is based on people and their personal satisfaction from your service. Enjoying the company of others is necessary, otherwise why else would you want to work in the service industry? Service is the key term and your customers will be looking for the best when it comes to handing over their hard earned money. You need to do your best to ensure your restaurant is worth it. There is no end to the advice you could receive when asking, however it’s up to you to decide what it’s worth to you.
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Unfortunately, there aren't any college courses on "How To Start A Profitable Restaurant". (And if there are, they are probably taught by someone who's never owned a restaurant!) The statistics don't lie. Most restaurants DON'T stay open a year! I got extremely frustrated seeing unsuspecting new owners lose their dreams (and their shirts). Sometimes it's just a lack of good information that causes their businesses to fail and a great amount of personal heart break!
I have written a special email report in hopes that it might stop the growing statistics of new restaurant failure. So, before you spend your hard earned money acquiring and opening your restaurant, I urge you to read my FREE report "The Restaurant Industry's
Dirty Little Secrets. Get your copy of this report today click here to get your FREE report!
There are a lot of successful restauranteurs. There is a HUGE number of well meaning, hard working rookie restaurant owners who simply aren't aware of the "insider secrets" to creating a profitable restaurant. One particular event caused me to sit down and write out this information. To read more about the event click here
- Patricia Farnham (author of "Restaurant Gravy:
Independent Restaurant Success
Secrets Revealed")
(restaurant industry veteran, author. manager/owner/operator and restaurant enthusiast!)
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Today's Independent Restaurant Business Tip
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for
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Have a small toolbox handy!
Many first time restaurant owners haven't considered that things break or stop working. And, of course, they always break during the busiest times.
Make sure you have an assortment of tools handy so you can "MacGyver" whatever needs to be done until you have time to fix your restaurant equipment properly. It's really hard to undo a screw with a restaurant kitchen knife!
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Learn How To Become A Successful
Independent Restaurant Owner, And Beat The Odds!
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Readers Comments
Patricia
Thank you for your help. I now feel I have the necessary information to beat the odds and make money with my new restaurant. I have bought and read many books on this subject as I put my plan together. No other writer has come close to helping me the way your did. You are obviously a very compassionate person.
God Bless You for sharing your knowledge in this way
Helen Jury
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