Opening a Restaurant? Ask Yourself These Important Questions First!

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Opening a new restaurant can be an exciting business venture. However, with it can come a great deal of stress and a high risk of failure. To avoid the clichéd trap of restaurants failing within several years prospective restaurant, owners should develop a thorough business plan and ask themselves these important questions:

  1. What is your restaurant’s concept?

Consider what type of food or beverage items your restaurant will serve to customers. What is the demographic of your target market? What type of atmosphere will you create for customers?

  1. How are you going to legally structure your restaurant?

As the owner, you must decide …read more

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