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Restaurant Pitfalls and Profits |
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Operate My Restaurant
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You may be asking yourself, how should I operate my new/future restaurant?
The first answer to that is a strong business plan. If your restaurant is not yet in a position to begin serving customers then there is much yet needed to be done. A business plan allows you to map out exactly what your objective is regarding your theme, target market and cuisine. If you don’t have the financial ability to cover the start up costs yourself then you will need a viable business plan to secure an investor or a business loan.
Finances are a huge part of operating your restaurant. Accounting is no easy task and all it takes is one mistake to mess up the entire process. Keeping track of the ins and outs of money is a daunting task and one best undertaken by a professional. Either way, money management is up to the owner when it comes to spending and the purchase of goods. It’s imperative to record every financial change. Failure to do so may result in unnecessary loss.
So if it’s a case of deciding, I am going to operate my restaurant and making it truly happen, staff must be properly hired and trained. The first and main thing your customers will notice is the serving staff. If the service is not acceptable the customers will make no effort to return to your establishment. Forging a good working relationship with servers is important. When employees feel valued and respected by their employer they tend to do much better work. In the restaurant business your servers are the sales pitch to your patrons. Being closely involved with them on a friendly but professional basis will be extremely beneficial.
Covering all of the bases and business details can be tedious and time consuming. However, it is a necessary part of gaining a foothold in the restaurant industry. Learn as much as you can and put in the time to gain the experience and you will be telling people, I operate my own restaurant, in no time.
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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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More Restaurant Articles:
Operate My Restaurant
You may be asking yourself, how do I begin to operate my restaurant?
The first answer to that is a strong business plan. If your restaurant is not yet in a positive .....
(click here to read the complete restaurant article.)
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Today's Independent Restaurant Business Tip
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for
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Many owners obsess with coming up with the perfect restaurant name.
Unless you are politically incorrect or crude your name is not going to make or break your restaurant. However, there have been many operations open, order glasses, uniforms, menus and promotional items only to receive a nasty "cease and desist" order from a lawyer.
Make sure you research your restaurant name. It is surprising how many restaurants are forced into the costly procedure of changing their name in the first few months. This costly mistake can cripple your operation. Get your lawyer to check and register your name!
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Learn How To Become A Successful
Independent Restaurant Owner, And Beat The Odds!
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Readers Comments
Your book opened up many areas for thought. I appreciate your honesty. Your passion and experience was evident and am sure it will serve me well in the future.
Thanks,
Cindy McB.
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