A lot of you readers are bound to be talented in the kitchen. It is likely that several people in your life enjoy this food. Don't you think, then, that other people will enjoy it, too? You should start a restaurant!
Don't ninety-percent of restaurants go out of business?
Certainly they do. Of course they do! They're started by great chefs, too! And, that is the problem. Why? A restaurant cannot be started by a great chef alone; it must be started by a great businessman.
Haven't you ever noticed that large restaurant chains often have food that is "just okay?"And, a lot of those restaurants fail, they often have great food. So, if we can learn anything from this, it's that improving the taste of your food is not the way to improve your restaurants.
Don't make the same mistakes other restaurant owners make when starting your restaurant; improving the taste of your food is not the only thing you need to worry about.
If you already feel that your food is tasty enough to belong in a restaurant, then your food is tasty enough to belong in a restaurant. Forget the food. Move on to the rest of the business.
There are many pieces of a restaurant; food is just one small one. To start building the other pieces, you should learn some accounting; you don't have to be an expert, just get a basic grasp. You might think that you can hire a bookkeeper, instead. However, you're better off doing it yourself while you have limited funds; there are other, more difficult things you should hire out.
You'll try to do most, or as many of the jobs in your restaurant as you can. The more jobs you do, the more money can be put back into your company. Eventually, however, you will hire out the work you are doing. For now, though, do as much as you can.
Next is inventory. Keeping track of everything in your restaurant is important! If you run it like your home kitchen, your restaurant will function, yes. However, it won't be able to grow much bigger than your kitchen. Make everything systematic. Write everything down.
Eventually, you will have an employee doing inventory; you need instructions written down so that they know what to do. The lack of structure in a restaurant is the primary cause of failure. A tall building cannot be built with a weak structure. Likewise, your restaurant cannot be built with one.
You can't expect people to just know about your restaurant and where it is. You have to inform them; you must advertise. Put an ad in the newspaper. Put a commercial on the local radio (if you can afford it). Stay away from television for now; it costs too much to be worth it for your small restaurant.
You simply must put systems in place. All the areas we talked about need their own system. Restaurants cannot grow without organized, solid systems. Sure, it will survive without them, but it won't grow. It must have a strong foundation.
Weak systems are analogous to cracks in a foundation for a building. The larger the building gets, the more pressure is put on those cracks. Eventually, the cracks will be so large the building will collapse. With a strong foundation, however, the building can be very large. Be sure your systems are strong!
Don't ninety-percent of restaurants go out of business?
Certainly they do. Of course they do! They're started by great chefs, too! And, that is the problem. Why? A restaurant cannot be started by a great chef alone; it must be started by a great businessman.
Haven't you ever noticed that large restaurant chains often have food that is "just okay?"And, a lot of those restaurants fail, they often have great food. So, if we can learn anything from this, it's that improving the taste of your food is not the way to improve your restaurants.
Don't make the same mistakes other restaurant owners make when starting your restaurant; improving the taste of your food is not the only thing you need to worry about.
If you already feel that your food is tasty enough to belong in a restaurant, then your food is tasty enough to belong in a restaurant. Forget the food. Move on to the rest of the business.
There are many pieces of a restaurant; food is just one small one. To start building the other pieces, you should learn some accounting; you don't have to be an expert, just get a basic grasp. You might think that you can hire a bookkeeper, instead. However, you're better off doing it yourself while you have limited funds; there are other, more difficult things you should hire out.
You'll try to do most, or as many of the jobs in your restaurant as you can. The more jobs you do, the more money can be put back into your company. Eventually, however, you will hire out the work you are doing. For now, though, do as much as you can.
Next is inventory. Keeping track of everything in your restaurant is important! If you run it like your home kitchen, your restaurant will function, yes. However, it won't be able to grow much bigger than your kitchen. Make everything systematic. Write everything down.
Eventually, you will have an employee doing inventory; you need instructions written down so that they know what to do. The lack of structure in a restaurant is the primary cause of failure. A tall building cannot be built with a weak structure. Likewise, your restaurant cannot be built with one.
You can't expect people to just know about your restaurant and where it is. You have to inform them; you must advertise. Put an ad in the newspaper. Put a commercial on the local radio (if you can afford it). Stay away from television for now; it costs too much to be worth it for your small restaurant.
You simply must put systems in place. All the areas we talked about need their own system. Restaurants cannot grow without organized, solid systems. Sure, it will survive without them, but it won't grow. It must have a strong foundation.
Weak systems are analogous to cracks in a foundation for a building. The larger the building gets, the more pressure is put on those cracks. Eventually, the cracks will be so large the building will collapse. With a strong foundation, however, the building can be very large. Be sure your systems are strong!
About the Author:
Cody Scholberg is a recognized expert on entrepreneurship and writes for Many Money Making Ideas, a site dedicated to bringing you the best information on how to succeed in business. If you have a small budget, learn how to create a financial empire with smoothies.
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