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Restaurant Pitfalls and Profits |
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Restauranteur
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What You Need To Be A Successful Restauranteur?
Opening a restaurant is a great business for someone who loves food and cooking. Are you planning to become a restauranteur? The following tips will be of great help in launching your maiden venture:
* Budget – What is your budget for your proposed business? In order to ascertain this you will need first to find out what location you will want your restaurant to be in, and how much leasing property in the locality will cost. You will also need to know what type of food you will like to serve – Chinese, fast food, seafood, multi-cuisine – so you can decide on the interior décor of the restaurant. Lastly, you will need to know on what scale you will launch your restaurant so you will know how many people you will need to employ.
* Business plan – Once you have the basic idea sketched out, you should draw up a professional business plan. This will tell you how much money you will need to invest and have a forecast of profit based on which you can apply for a loan or plan your investment and future expansion.
* Niche – No restauranteur will start his or her business without a special recipe that will be particular to their restaurant. You too will need some specialty. It is often that the restaurant’s identity will be based on its specialty.
* Promotion – A good restauranteur knows the importance of continuous promotions. The visibility and desirability of the restaurant will need to be systematically promoted in the initial stages. Without adequate promotion no business – leave alone a restaurant which depends on daily business – can get off the ground.
It is not difficult to be a successful restauranteur as long as you are careful with your planning and extremely meticulous and painstaking with your implementation.
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The statistics don't lie!
Most new restaurants don't survive a year! A little insider information might be ALL that is standing between a profitable restaurant, and becoming another unfortunate statistic!
Before you spend a small fortune opening (or buying) a restaurant, I suggest you read my FREE report I've titled "The Restaurant Industry's
Dirty Little Secrets. To get your free copy of this insider information click here to get the report!
There was a single, unforgetable event that made me mad enough to sit down and write this. It is my hope that another rookie restaurant owner won't lose their dream due to a lack of good information. To read more of that story 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 Reading:
Restaurant Failure Statistics
The Cold Hard Truth!
Present restaurant owners sometimes feel a little bit overwhelmed when they hear the statement that 90% of restaurant businesses fail in .....
(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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Getting ready to open your new restaurant is a busy, frantic time. Don't wait until the last minute to get setup for Interac, ATM, and credit card processors!
For some reason the banks and credit card processors aren't in as much of a hurry to open as you are. Make sure you get this process rolling so that you'll be setup for opening day. Far too many restaurants open and say, "I'm sorry, you'll have to pay cash. We have got the processors setup to accept debit or credit cards for a few more days!". Not a great first impression for your restaurant!
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Learn How To Become A Successful
Independent Restaurant Owner, And Beat The Odds!
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Testimonial
I know that you get emails all the time but I had to write anyway. I don't believe in coincidences. The day after reading your book I found exactly the situation that I would have normally overlooked.
I'll let you know as things progress but I believe I've found my golden goose!
You should charge more than you do for your book, your information is of great value to me/anyone looking to start their own restaurant.
Thanks so much
(I'll email you my results soon)
Tannis Laughlin
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