whta are the things that you should consider in starting up a restaurant?

Question

what are the specific things needed in starting a business like this??

Answer 1

The best routes to take are to research the process of starting a business as well as the industry you're interested in.

I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.

Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.

Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:

* The Restaurant Business Start-up Guide by Paul Daniels
* Restaurants That Work: Case Studies of the Best in the Industry by Martin E. Dorf
* Restaurant Financial Basics by Raymond S. Schmidgall
* Opening a Restaurant or Other Food Business Starter Kit: How to Prepare a Restaurant Business Plan and Feasibility Study by Sharon Fullen
* Upstart Guide Owning & Managing a Restaurant by Roy S. Alonzo
* The Restaurant Managers Handbook: How to Set Up, Operate, and Manage a Financially Successful Food Service Operation by Douglas Robert Brown

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 2

1. You need to realize you stand a 90% chance of losing everything in the first year.

2. Employees will rip you off like there's no tomorrow.

3. Separate your fixed costs (rent, insurance, taxes, etc.) from your variables (food cost, labor). You can influence the latter, the former are sunk.

4. If you don't have enough cash to run the entire operation for 3 months with no revenue, then you don't have enough cash.

Answer 3

Location / population wise and need wise.

Whether you will have enough people for employment.

Are you willing to work 20 hour days in order to make it work if needed ?

Are you willing to put up with employees who whine over the stupidest things ?

Are you certified with a "food handlers certificate" ?(if in the u.s.a.)

Are you prepared to handle customers who will ruin your day on a whim ?

Get a tax i.d #.

Get all your paper work ready such as : est. tax forms, payroll, inventory, time sheets, w-9, w-2. Better yet > find an accountant !!!

I could go on but I don't want to overwhelm you... Good Luck ! : )

Answer 4

Customers...customers...customers. It doesn't matter how good your food is or where you location is if you can't get customers. Focus every thought and action around creating the busiest restaurant you can. That will lead you to the location you need, the style of your decor, the type of advertising you do, and ultimately your success.

Answer 5

location is the place where it can be easily accessed by alot of people. what will make your food different from competitors if you make burgers and theres a burger joint next door chances are you will be splitting profits 50/50. you will need a food and liquor license. lease a building, passing inspection. etc.

Answer 6

Do you really like cooking for people?