First, congratulations on wanting to start your own restaurant. This is no small undertaking. It starts with a vision, and entrepreneurs are visionaries. So, where do you start? You have an idea, but then what? You’ll need a location, a restaurant brand, a menu, staff, kitchen equipment, marketing and advertising, and so on. But […]
Is there a wrong way to open a restaurant? Indeed there is, as indicated by the high failure rate of new restaurants. A popular belief is that 90% of restaurants fail within the first year. Whether this is true or not, no one knows. However, a study by Ohio State University indicated that 60% of […]
What Millennials Look For In A Restaurant According to studies, Millennials are more reliant on food service than any other generation. This is what makes understanding millennial dinning habits critical for any restaurant’s success. Interestingly, it’s not just food & taste that are most important to them. It has more to do with customized menu designs, […]
Restaurant Kitchen Design When thinking of starting a restaurant, kitchen design is often not a top consideration for most. After all, isn’t the kitchen just a space that will facilitate the cooking? The answer is a resounding “No.” Your kitchen design determines efficiency, speed, and safety – three key things that could make or […]
5 Key Steps on How to Open a New Restaurant Owning a restaurant can be a good way to make money as an entrepreneur. The constant flow of customers plus the stability the restaurant industry enjoys guarantee continuous flow of revenue throughout the year. Although having a restaurant may look like an easy way to make a […]
Owning opening a restaurant is a fun and exciting experience. However, there are things that everyone must be aware of going into the business. Here are the five most crucial things every restaurant owner must know before opening. 1. Know Your Concept- To be successful, a restaurant needs a clear concept. Often, people go […]
A restaurant feasibility study is an important step when considering starting a new restaurant. A simple feasibility study could save you time, money, and a huge headache. What is a Feasibility Study? A feasibility study evaluates the variables in a particular project, such as starting a new restaurant. The study takes into account the cost […]
2018 Restaurant Trends (Part 1) The restaurant industry is undergoing a constant wave of change, especially with the evolution of digital technology. From marketing to delivery, to service – each segment of the industry has experienced a massive shift. This will continue in 2018 and for restaurants to succeed in the new year, it […]
Restaurant Feasibility Study We’ve all seen it happen, a restaurant comes into town, has amazing food and still does not make it through a single year of business. We have also seen establishments with questionable quality or service stay in business for years. When an entrepreneur begins to formulate plans for a new restaurant, […]
Starting a new restaurant Starting any kind of business can be challenging and, in many cases, outright daunting. Restaurants are no exception. Here’s an idea of what the process will entail. Concept The first step in starting a new restaurant is developing a concept, which lays the groundwork for all that follows. You then need […]