While opening a new restaurant can be a very exciting business venture, it can also come with a lot a stress and a high risk of failure within the first few years of business. To avoid that clichéd trap that “80% of restaurants fail with 3 years,” prospective restaurant owners should develop a thorough business plan.
Here are some questions potential restaurant owners should be asking themselves before opening that first unit:
1. What is your restaurant’s concept?
You should consider what type of food or beverage items will your restaurant sell. What type of customers will be your target market? What type …read more
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