Starting a restaurant can be challenging. It takes a tremendous amount of time and energy to plan for the opening. If you are like most people, then you will be on your own in figuring out all the small details that need to be taken care of.
Here are some simple tips to get you off to a good start:
Pick a Great Location
This is one of the most important steps. As a new restaurant, you probably will not have the budget to do a lot of marketing; therefore, it is important to find a location that gets a lot of foot traffic. Don’t make the mistake of trying to save money by starting in a location that is out of the way. It could be a very costly mistake. It may look like you are saving on rent, but you will pay for it later when fewer customers coming in the door.
Be Thorough When Hiring Staff
Don’t just hire friends and relatives to fill your empty positions. Make sure that the people you hire have previous experience working in a restaurant. The last thing you want to do is still be trying to train staff on opening day. Hiring experienced people can take a lot of the stress off of your shoulders.
Also, be sure and do background checks on everyone you are thinking about hiring. The restaurant business deals with a lot of cash, and the last thing you want is a criminal in your midst. Make sure all your future employees have a solid work history. If they were flaky in previous jobs, then they will likely be flaky working for you.
Have More Capital Than You Think You Will Need
Starting a restaurant will be more costly than you think. Even when your careful while making a business plan, you will find unexpected expenses rearing their ugly heads at every turn. If you are busy, then you may need to hire more staff than planned. What happens if food cost rise after opening your restaurant? Did you plan that in your budget?
Design Your Restaurant for Your Customers And For Profit
Remember, every penny you put into starting a restaurant now will be a penny that you will need to earn back later. Most restaurants take between six months and two years before they recover their original investments, so try to make your place look great but at a cheap cost. Focus on simple things that don’t cost too much but still makes a difference in your customers eyes. For example, creating a menu that your customers love can go a long way in winning your customers’ hearts.
Find A Balance Between Running the Business and Family Life
If you decide to start a family business, then it is important to separate your work from your home life. You will be working long hours together, which can cause a lot of stress. That is why you always want to keep the workload at work. After going home for the day, save any unfinished work for when you are back at the restaurant. It will make your home life much more enjoyable.
In summary, starting a restaurant can be a lot of hard work. It also can be a lot of fun. There are few things more enjoyable than looking back and reflecting upon the successful business that you’ve built. Most important, remember to enjoy the process. Don’t take everything to serious. Deal with each problem as it arises, and celebrate your successes.