how can i make my restaurant profitable?
143806
Look into the menu choices and the quality of foods and workers. Check around for suppliers, some may offer better prices with excellent quality. Do not keep extra help on the clock when not needed. Advertise if you can. Good luck!
1024164
I have not personally but I found some resources that will help you further.\n\nThe best routes to take are to research the process of starting a business as well as the industry you're interested in.\n\nAssociations may be a good avenue to explore as well. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links. \n\nResearch, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:\n\n* How to Open a Financially Successful Pizza & Sub Restaurant by Shri L. Henkel \n* Getting Your Slice of the Pie: A Definitive Source for Prospering in Pizza by Tracy Powell\n* Restaurant Financial Basics by Raymond S. Schmidgall \n* Opening a Restaurant or Other Food Business Starter Kit: How to Prepare a Restaurant Business Plan and Feasibility Study by Sharon Fullen \n\nThere are plenty of free informational resources out there. Check the source box for links to articles.\n\nHope that helps! I wish you much success & happiness in all your ventures!
152114
It's easy.\nYou sell a part of your business to investors.\n\nLet's say your chicken recipe tastes great and everybody likes it but you don't have $100,000.00 to open your own restaurant.\nYou talk to your neighbours, to your friends, to your mother and you sell 100 shares of your new restaurant for $1000.00 each.\nYour mother buys 50 shares and you invest all your savings of $25,000.00 and 25 others invest for a total of 100 shares.\nYou now have 27 investors (Including yourself)\n\nYou open your new Restaurant it's called Kentucky Fried Chicken and everybody loves it.\n\nAfter a while you realize you need to open another location and you now need another $100,000.00 but so far the profits are just $50,000.00 and not everybody wants to invest in your new location because it may not work like the first one. On the other hand, neighbours that did not wanted to invest in your first location now they want to make a lot of money too with your recipe and they want to invest in your Chain.\nYou decide to offer 200 shares this time but at $2,000 each.\nThis raises $400,000.00 (Enough for 4 new locations)\nHowever, after your ad on the newspaper you get over 800 investors interested in your new Kentucky Fried Chicken Chain.\nThat's when the price of your shares starts to go up.\nThere is demand but not enough shares for everybody.\nSome investors decide to BUY shares from the original investors for $4000.00 and your mother and yourself decide to keep all your shares.\nIf your business is making money everybody wants a piece of it and the price goes up. If nobody wants your business the price goes down.\n\nThat's pretty much how the stock market works. \nSome people are selling and some people are buying. If they buy the price goes up if they sell the price goes down.\nRemember, the number of shares are always the same and limited. (Unless the company decides to sell more shares, which is very rare)\nIf the number of sellers were the same as the number of buyers the stock price would be the same.\n\nNow Kentucky Fried Chicken has millions of shareholders.\n\nI hope this helps. \nIf you want to know more. Drop me a line.
577172
You'll need a local vending license, a truck, a supplier of produce, and then a lot of let work to find clients. Try the smaller restaurants to start with.
660987
I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.\n\nAssociations may be a good avenue to explore as well. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links. \n\nResearch, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:\n\n* The Restaurant Business Start-up Guide by Paul Daniels\n* Restaurants That Work: Case Studies of the Best in the Industry by Martin E. Dorf\n* Restaurant Financial Basics by Raymond S. Schmidgall \n* Opening a Restaurant or Other Food Business Starter Kit: How to Prepare a Restaurant Business Plan and Feasibility Study by Sharon Fullen \n* Upstart Guide Owning & Managing a Restaurant by Roy S. Alonzo \n* The Restaurant Managers Handbook: How to Set Up, Operate, and Manage a Financially Successful Food Service Operation by Douglas Robert Brown\n\nThere are plenty of free informational resources out there. Check the source box for links to articles.\n\nHope that helps! I wish you much success & happiness in all your ventures!
931038
direct selling to your friends, families and neighbours.\nwhen they like it and you get profit, open a small booth or rent a space to display more items
396615
You don't. A cafe is a business that requires capital. Unless you can find investors to provide funds for you or a bank that can give you a loan, this is not a business that you can start for only $5,000. If your resources are not enough, cashflow will be extremely tight and there is a very high chance that the business will fail. The #1 reason why businesses fail is due to lack of capital, and without money and no experience in the business, you stand a formidable challenge.\n\nFrom the article "How to Start a Business with Little Cash" http://www.powerhomebiz.com/vol30/nocash.htm here are some tips on how you can start a business and earn more money even if you are short of cash today:\n\n1. Find a business that you can start for little money (e.g. starting a personal chef business where you cook meals for families and cater is cheaper than opening a cafe)\n\n2. Consider your time and effort - if you have little cash, you may have to work harder for the money because you will have no resource to outsource or employ others to do certain tasks for you; or you have no money to buy equipment so you can only do certain things the long way\n\n3. Get your creative juices flowing. With no money, the only thing you have is your imagination. Be creative and find ways to get things done \n\n4. Be prepared to do all the work yourself - from doing your business plan, finding financing, writing emails, shipping and handling, marketing or whatever processes your business requires. \n\n5. Be prepared to invite investors - you may need financing help from someone down the road so be prepared to share some of the pie. \n\nAs for writing your business plan, here are some resources that can help you write your business plan:\n\n- SBA Business Plan Basics http://www.sba.gov/starting_business/planning/basic.html\n- PowerHomeBiz.com Creating a Business Plan section http://www.powerhomebiz.com/startup/businessplan.htm\n- Entrepreneur.com Writing a Business Plan section http://www.entrepreneur.com/bizplan/0,7253,,00.html\n\nYou may also want to review some sample business plans to see how it actually looks like:\n\n- Bplans.com http://www.bplans.com/sp/businessplans.cfm\n- MOOT Corp Business Plan competition winners\nhttp://www.businessplans.org/businessplans.html\n- VFinance - View hundreds of real business plans in pdf format. http://www.vfinance.com/home.asp?bps=1&ToolPage=bps_main.asp\n- Business Owners Toolkit Sample business plans and information on how to create a plan. http://www.toolkit.cch.com/tools/buspln_m.asp\n- PlanWare Planning software and information. http://www.planware.org/\n- Virtual Business Plan Walk through the design of a business plan. http://www.bizplanit.com/vplan.html \n-SBA Business Planning Guide http://www.sba.gov/starting_business/planning/basic.html\n- Small Business Advancement Center http://www.sbaer.uca.edu/business_plan/businessPlan.pdf\n- Sample Business Plan General planning guide created by the Canadian Business Service Center. http://www.cbsc.org/servlet/ContentServer?pagename=CBSC_FE/display&c=GuideFactSheet&cid\n- Business Plans Index - A subject guide to sample business plans and profiles for specific business types from Carnegie Library of Pittsburgh. http://216.183.184.20/subject/business/bplansindex.html\n\nSome recommended books are :\n\n- Start and Run a Coffee Bar (Start & Run a) by Tom Matzen and Marybeth Harrison\n- Real-World Wrap Cafe Business Start-up by Dan Titus and Juice Gallery Multimedia\n- FabJob Guide to Become a Coffee House Owner by Tom Hennessey\n- How to Open a Financially Successful Coffee, Espresso & Tea Shop by Elizabeth Godsmark\n- ESPRESSO! Starting and Running Your Own Specialty Coffee Business by Joe Monaghan
76771
You could play off the idea of serving home cooked meals with your marketing. For instance, send out inivitations to a "family meal," "a house warming party," etc. to residents living near the restaurant. You could do 2 for 1, list your specials, personalize it with pics, etc.\n\nSince you're in a small town, advertising in the local paper or college paper, on radio, at any colleges or universities, etc. may also be an option. I moved from a small town (less than 15,000 people) not too long ago & that's how restaurants advertised there.\n\nBasically, just keep in mind what your restaurant's personality is as well as yours. Blend those two & ideas should start flowing.\n\nBest of luck to you!
487588
Go have a look at CafePress.com - you design; they advertise, print, invoice, post and then send you the profit!
770962
make a comprehensive business/marketing plan.. dont forget to include of course the expected profit of the business.. and show to the the financual ratios.
665201
Well, - first would be to clean up your English.. I think you might want to "propose" a business idea.. You know, good ideas are great - - we all have many.. however, putting them into practice is another thing - thus the expression 1% inspiration 99% perspiration.. Best advice is do some paperwork and investigation first - How much are drinks like yours selling for? How much will you have to pay in rent and for employees? How many drinks a day will you have to sell just to equal your expenses? Add at least another 15% for miscelaaneous expenses that you never considered. Do the math - if it works out really really well, then you might want to show your math to a business person - rather than just another idea.. ok?
910734
First, analyze your neighborhood, find out what kind of people reside in the area, lower income customers will be more attracted to specials, happy hours, and free popcorn, stuff like that, college kids also will enjoy good prices but also live entertainment pool table etc. Higher income may like a clean bar, with more of a upperscale atmosphere, i.e. dueling pianos, jazz band, good food, etc. Most importantly you should first find out which group of customers you wish to attract, then advertise and attack, make flyers, hire bands, run specials, and remember this.....crowds attract crowds, if you can get large crowds there even for a short but consistent time, more people will come, Run a "great" special even if you must first lose money, make flyers to advertise this special and place them where your targeted crowd can find them, hire entertainment, make a huge party and enjoy!!!!!!
373601
Waiting tables is the best bet.  As a restaurant owner, I am constantly hiring college students with flexible schedules.
1074891
You can pull it off (maybe), but an enourmous amount of legwork will be required.  You should identify a successful, but currently retired, restaurant owner (better yet, an owner of several successful restaurants), and pitch your business plan to him/her.  If your pitch is declined, find another one.  Repeat until you get funded (or until you are ready to give up).
599300
Details about what kind of business it is would be helpful.  As a generality right now though, it would be good to get the word out by way of word of mouth and flyers.  Explain why your business is worth visiting (i.e. good food, helpful to the community, etc.)
123797
in order to make money, you have to spend money.  You might want to start by finding computers that you can buy yourself.  Once the business proves successful, then u can ask for grants and stuf to better build up.
354872
Here are free business plans on starting a restaurant business. Study how they are put together and get inspiration for your strategies:\n\nhttp://www.virtualrestaurant.com/plan.htm\nhttp://www.bplans.com/spv/3259/index.cfm?affiliate=pas\nhttp://www.bplans.com/spv/3228/index.cfm?affiliate=pas\n\nOther resources that can help you write your business plan:\n\n- SBA Business Plan Basics http://www.sba.gov/starting_business/planning/basic.html\n- PowerHomeBiz.com Creating a Business Plan section http://www.powerhomebiz.com/startup/businessplan.htm\n- Entrepreneur.com Writing a Business Plan section http://www.entrepreneur.com/bizplan/0,7253,,00.html\n\nYou may also want to review some sample business plans to see how it actually looks like:\n\n- Bplans.com http://www.bplans.com/sp/businessplans.cfm\n- MOOT Corp Business Plan competition winners\nhttp://www.businessplans.org/businessplans.html\n- VFinance - View hundreds of real business plans in pdf format. http://www.vfinance.com/home.asp?bps=1&ToolPage=bps_main.asp\n- Business Owners Toolkit Sample business plans and information on how to create a plan. http://www.toolkit.cch.com/tools/buspln_m.asp\n- PlanWare Planning software and information. http://www.planware.org/\n- Virtual Business Plan Walk through the design of a business plan. http://www.bizplanit.com/vplan.html \n-SBA Business Planning Guide http://www.sba.gov/starting_business/planning/basic.html\n- Small Business Advancement Center http://www.sbaer.uca.edu/business_plan/businessPlan.pdf\n- Sample Business Plan General planning guide created by the Canadian Business Service Center. http://www.cbsc.org/servlet/ContentServer?pagename=CBSC_FE/display&c=GuideFactSheet&cid\n- Business Plans Index - A subject guide to sample business plans and profiles for specific business types from Carnegie Library of Pittsburgh. http://216.183.184.20/subject/business/bplansindex.html\n\nSome recommended books are :\n\n- Business Plans Kit for Dummies \n- The Complete Book of Business Plans : Simple Steps to Writing a Powerful Business Plan \n- Writing Business Plans That Get Results : A Step-By-Step Guide \n- Business Plans For Dummies® \n- Your First Business Plan : A Simple Question and Answer Format Designed to Help You Write Your Own Plan \n\nHope that the above resources help