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Posts Tagged ‘Open a Restaurant’

Business: General

December 11, 2009

Successfully Managing The Restaurant Staff

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Restaurant staff are perhaps one of the most crucial elements of determining one’s success in this ever changing and competitive industry. Securing a complete staff that’s not only knowledgeable and experienced in the business but that’s also dependable and trustworthy at the same time is often easier said than done, albeit not an impossible feat. You should be very careful when dealing with the restaurant staff.

It’s widely said that one of the biggest challenges in running a restaurant business is dealing with the lack of qualified personnel. However, there is an upside to this quandary as the lack of restaurant staff capable of helping your place to thrive is largely due to growth in an industry that still has room for more well run establishments such as yours.

If neither your managerial or interpersonal skills are exactly up to par, it is in your absolute best interest to improve both of these, or be able to afford to hire someone who can help see to it that employees are performing as they should, as well as being treated with respect and appreciation, two things that have the potential to make a world of difference when it comes to managing a group of people.

If your restaurant will have a bar or pub area, taking some extra time to thoroughly interview prospective bartenders will be well worth the time spent. This type of restaurant staff has the potential to make or break your business if you’ll be relying heavily upon alcohol sales and food orders from patrons at the bar.

Besides knowing how to pour drinks and make the latest trendy or tasty concoctions, a good bartender will also excel at customer service and have an innate ability to make each and every patron feel welcome and at ease.

Establishing a fair pay scale is another aspect of effectively dealing with restaurant staff. After researching average rates in your area, determine a minimum and maximum rate for each position, obviously offering more to those with more experience, also keeping in mind the matter of tips.

Thorough studies on the subject clearly show that employees who are well trained perform far better than those who are “thrown to the wolves” or who are expected to do too much too soon.

Staying in touch with your personnel while giving them a voice increases loyalty, reduces turnover rates and inevitably benefits business. Plan for these before you open a restaurant.

Business: General

December 8, 2009

Opening a Restaurant? Are you Cut out for It?

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open a restaurant

Prior to deciding precisely how to open a restaurant you may think to step away for a second, and take a moment of clarity to see what you’ve got yourself in for. Becoming a successful restaurant owner is no small task. Owning a restaurant takes an immense amount of steel and mettle, grit and determination and not to mention a substantial amount of hard work. Moreover it might come in handy to take a look at the success rates of restaurants. Did you know that 80% of restaurants fail within the first two years of entering into existence? This figure is only an approximation, but despite that evidence of the trend it shows are all around as the restaurant landscape is perenially changing. A startup restaurant is one of the most attractive startup businesses as many folk start them every year. Considering that we won’t be surprised that comptetion is very strong out there. Because of this, the likelihood of failing is quite high.

Do you know exactly what the life of a restaurant owner really entails?

Looking after a restaurant should be considered up there in the hardest jobs around stakes. First of all, as an occupation it really effects many aspects of your private life. By choosing to start a restaurant you have to understand the likelihood of a crazy amount of hours. More to the point, these hours are likely to be not at the best times of the day. Working six nights out of seven is not uncommon. No more weekends are a possibility. So the task of seeing your friends becomes a lot harder unless all your friends happen to be in a similar business. Being the restaurant owner or manager, running a restaurant falls squarely on your shoulders. Heartache and significant amounts of stress are not uncommon. Don’t think for a minute that it’s an easy business to be in.

If these words haven’t discouraged you in your quest to open a restaurant then you might just be cut out to become a restaurant owner. But you should be aware of exactly what is involved. If success is going to come your way it will be because your establishment really offers something unique that will see punters through your doors time and again. For that to happen you need to embrace some well thought out restaurant ideas.

 

Business: General

December 7, 2009

Simple Tips to Open a Restaurant and Stay in Business

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If you’ve always wanted to open a restaurant and become the next smashing success but were never quite sure if you should go ahead with your plans, the fact that today more and more people are looking to dine out or take prepared food back home with them should pique your interest enough to finally seriously look into the possibility.

Now, in just the United States alone there are over 900,000 different food service operations currently in business, but even with this number there is still plenty of room in the market for a new business to make a name for themselves. Before you attempt to open a restaurant there are a myriad of important aspects to address and familiarize yourself with first. It’s no secret that being restaurateur takes plenty of hard work including long hours, much determination, and being responsible for several different “jobs” such as manager, menu planner, head of PR, and accountant.

Here are four steps to keep in mind for opening a restaurant and turning it into a profitable establishment:

1. Start with a Thorough Business Plan: Unless you already have the funds outright, you’re going to be dependent upon on a loan. Having a complete business plan that outlines how you intend to make this restaurant profitable shows the lender you’re serious about owing a lucrative business and more likely to be able to repay the loan.

2. Find the Ideal Location: Without the ideal location to set up shop, your restaurant doesn’t have much chance for success. Location can be everything when it comes to opening a new business, especially a restaurant that may or may not have plenty of competition nearby. Fully study the demographics in the areas you’re interested in before it comes time to negotiating a lease.

3. Develop the Concept and Layout: To open a restaurant and become a success in the industry you’ll also have to first identify your target market and plan accordingly. The menu and the type of cuisine you plan on serving will also have quite a lot to do with the overall concept and physical layout of the restaurant you create.

4. Maintain Accurate Bookkeeping: Without a good accounting and bookkeeping system in place you’re bound to run into serious financial difficulties after you actually do open your restaurant. Having an honest, trustworthy staff in place will help with loss prevention but you’ll also have to have a strong hold on important issues like cash flow as well.

To open a restaurant and see a continual profit definitely takes plenty of hard work in running a restaurant along with the savvy know-how that’s needed to set yourself apart from all the competition, but it is possible provided you’re determined to start planning early and see your dreams through to reality.

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