what should i do if i wish 2 open a restaurant?wil it profit?

Question

i wish to open a restaurant..but it is hard to me.what should i do?and what should i prepare?how much of the capital?

Answer 1

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

i had a girl friend did that. she closed it, saying it had all the bad features of every other business and none of the good ones. you have to work 70 hours a week, no vacation. your help is constantly quitting, stealing, squabbling, your managers getting rid of the good workers, keeping the bad, etc. you could profit, but jeez, its hard. its just hard, and long time before you see the results, if any.

Answer 3

It depend on your three (3) major marketing plan;-

Marketing Philosophy, Marketing Segmentation & Customer Behaviour.

And you must know counter the business first year problem.

Answer 4

At first, business might be slow. You need to advertise. Have your friends come and give them flyers to give to their friends and so on. Before you know it, your business might be doing well.