Restaurant business is one of the most exciting business proposals available to start for new entrepreneurs. Food is the most basic necessity for humanbeings. With the modern urban lifestyle, people are more interested to dining out.
Also in many cases due hectic professional life, a person does not get much time to spend in their home. This also forces them to dine out. So the restaurant business is growing day by day. But to start a business and to make it profitable, you will definitely need to devote a long time in planning.
Before starting any business you need to define certain basic facts. The situation is same for restaurant business also.
A. You need to identify, how you are going to finance the business. You may require to take some capital loan, for that you need some basic discussion with prospective financial institution
B. You need to define, what type of restaurant you want to set-up. It can be a fast food counter, it can be a franchisee of some renowned food chain, it can be a sophisticated upscale restaurant or it can be a middle class restaurant for professionals who want to eat out very frequently.
C. You need to identify the place where you want to open the restaurant. If it is on a very prime locality you may need to spend more time in getting a proper place, but you do not have to devote more time in marketing your restaurant. If you do not get a proper place in a prime locality, you may have to spend a bit more to market it. Also the locality choice for the restaurant depends on your targeted population.
D. After finalizing all the above points, now you need to select a proper interior decorator to make the design for your restaurant.
E. You need to employ a manager and a accountant at the very beginning of your business.
F. Two-three months before opening your restaurant, you can search for a good chef for your restaurant. After selecting the chef you can start employing waiters and helpers for the chef. Your chef can guide you in the process. Do not hesitate to pay a little more for a good chef. Ultimately food is the final object for judgment for the restaurant.
G. To make your opening a bit special, before opening your restaurant you need a advertisement campaign for the prospective customers.