In this article you will find 3 fundamental keys to open a restaurant that you should keep in mind if you want to start off on the right foot.
A reality of the gastronomic industry is that most entrepreneurs who decide to open a restaurant fail in less than two years. For this reason, many people hold back from starting a food business.
However, this happens because its owners do not have the necessary knowledge to be able to maintain the business in the long term. Some strategies will help to start this type of venture and achieve business success in the field of gastronomy. What are the fundamental keys to opening a restaurant?
3 Fundamental keys to opening a restaurant.
Choose the type of food.
The first step to start a venture in the gastronomic field is to define what type of food the restaurant will serve. In recent years, the fast food branch has grown and prospered successfully due to the speed in the preparation of the dishes and the wide variety they offer.
However, other branches have not stopped being successful. The most important thing when choosing the concept of your restaurant is that you take into account what experience you have in preparing the dishes that you will offer to the public.
If you want to offer Chinese food but have never prepared a typical dish or know what kind of ingredients you need, you are likely to fail. For this reason, it is advisable to choose a concept with which you feel comfortable and plan your menu according to that type of food.
In addition, you must take into account the costs involved in one concept or another since, for example, starting a Chinese food restaurant could cost more than starting a regional food outlet.
Set the costs.
The fixed and variable costs that you have to start operating your business will affect the amount of necessary capital that you will have to invest.
Start by determining what fixed costs you will have: the rent of a premises and the salary of the employees are unavoidable costs. On the other hand, variable costs are those that will depend on how much you are willing to invest. For example, when serving a dish, you should calculate not only the cost of preparing it, but also the additional elements such as the plate where you will serve it, the napkins, the tablecloths; Inter alia.
Deciding how much you are willing to spend will determine what price you will sell your products for and how much profit margin you will have. If the budget exceeds your possibilities, you can always save on other variables, such as changing the location you will rent, or buying your supplies wholesale to reduce costs. All this will be decisive for you to find the balance point.
Be patient.
It is normal for a restaurant, or any other venture, not to generate profit immediately. When starting a new business you will have to wait a bit for it to be productive.
So you can start by offering prices a little lower than your competition to get customers, and once you’re established, raise them a bit by investing. In addition, in improvements for your restaurant. You need to focus first on getting regular customers and then on keeping them. The key is to be patient and not despair if you don’t make a profit right away.
Undertaking is not an easy path, you must be clear about it; but it is an absolutely satisfying path. We hope you are 3 Fundamental keys to opening a restaurant. They will help you to begin to better structure your ideas and that they become a reality 🙂
And remember, if you are really interested in creating your own business, you can read our book “How to create a company while working: Discover how to manage your time, manage your money and motivate yourself while creating a company and working for another” , where you will find all the information you need to found your own company, without having to leave your job.
