do you think its ideal to engage in a restaurant / bar & grill  business?
460899
If you're looking to make your first venture into the business world as an owner, I suggest one of two things:\n\n1) Forget the food business, it's the most complicated industry out there. In no other industry are you expected to be a warehouse and a manufacturer, with parts that are perishable, be a retailer, run a delivery business, and sell service also.\n\n2) If you insist on the food business, especially with no experience, find a very, very well structured franchise to buy into. Forget the cost, it's a drop in the bucket when you weigh out the chances of success or failure compared to trying to build a concept from scratch.\n\nThe risks of getting involved in the food business are evidenced by the failure rate of restaurants. These failure rates don't even take into account all the country club, college and university food services that lose money every year and have to be subsidized by other departments. There are unsubstantiated rumors about the food industry that place failure rates as high as 90% in the first year. Though that is a gross exageration, the failure rate in the restaurant world is high, just ask your banker, accountant or lawyer. They deal with it every day. There's a reason restaurant loans are among the toughest to get approved for. According to a report in Restaurant Startup & Growth magazine, based on information gathered from the National Restaurant Association, it's estimated that around 57% of restaurants don't live past the five year mark. Of these, the main casualties are independent restaurants. While 7 of 10 independent restaurants will likely fail, 7 of 10 franchise restaurants will survive. As there are many, many people out there that don't realize the value that real structure will bring to their restaurant, and increase their chances of survival, the greater number of independent restaurants opening compared to franchise restaurants pushes the total restaurant failure rate to 57%.\n\nMost other businesses contain elements of only one or two different industries. With a simpler business, it is much easier to focus on marketing and growth than with a restaurant. Inside a restaurant, most your day is filled with operational procedures, and you CAN NOT work ON a business if you are working IN the business 60 hours or more a week.\n\nBrandon O'Dell\nO'Dell Consulting\nRestaurants/Retail/Bars\nwww.bodellconsulting.com
278017
yes...vending is a good business...my husband has been in the vending business over 20 years....it all depends on LOCATION.  Good Luck.
834772
Either as long as you can trust your partner and you draw up contracts if entering into a partnership.  May also be worth considering setting up a limited company as you can do this with a small business, and at least then you will not be personally liable if things do not go according to plan with your business idea.  Good Luck!
106487
open a good restaurant
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.)
674170
I've personally always known that I want my own business from being very young, which is why i'm in a crappy position at the moment after uni to decide what i want to do in the meantime to get the funds to set up my business...i want to be my own boss and not be told what to do and have to hold myself back.\n\nGood for you and good luck if that's what you decide to do.
126301
If you have a brilliant recipe for fast food that will differ you from your competitors, such as McDonalds KFC, etc; then you have it big as soon as you can convience an investor which is your inventory. And your worth an investor with big pockets to pay for all necassary business activites such as Marketing Advertising, or you could take a loan from your bank, but you will also have to convience them such as business plans, taste actual product.
265483
Not fair, unfortunately Society is daunted with people who think that experience is necessary.. I feel that passion can go hand in hand with experience but most people are not willing to take that chance. \n\nHowever, a young manager, such as yourself can contribute so much more than an experienced one as your outlook is fresh thus, will be your ideas and your enthusiam.\n\nAh wait, but I don't have a restaurant.
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!
305475
Had a sandwich shop right out of college. It was in California. It was not hard to start because we figure out how much money we needed by thinking of all the equipment we would need and then we doubled it. Money is the life blood of any business. Without it, the best chef in the world can not market to the world and let people know about this daily specials. He can't pay employee, order supplies, etcetera. Plan out as much of your business as you can before even starting. Any college bookstore will have a cheap "how to start your own business" book for $20. Buy it and go through some of the exercises. Or, go to a library. Do your homework. Remember, poeple don't plan to fail, the fail to plan.\n\nHope this helps.
428097
Why don't you start it. It obviously will be a great business opportunity for your area. research franchises and see how to get started
732814
If you like the restaurant scene, that would be a good first job.  It strengthens your people skills, teaches you to deal with stress, etc.
510613
well every business is a hot business in his industry if they have quality competitove business!\n\nTry to explore what your potential is and what you like then start that business, no need to know what is hot!\n\ni can assure you if you have a dedicated business with good sevice, it wuould be HOT!
429125
If your a successful entrepenuer, sure, why not. It can be stressful and running a small business alone can be alot of work. As long as you don't overwork yourself and don't take it all too seriously. It's great to be responsible for your own destiny and not have a boss.
766256
If you have no, or little experience then dont do it.. It sounds fun and the idea feels good but in reality its very hard work for very little pay. You are never off duty and the long hours take thier toll. If you are really serious then become full time bar staff then assistant managers and then house managers. This will take you a few years but it will not be your money or risk. If you dont like it or get on then you can leave, if you buy a pub or lease one then you are stuck with it if it dosent work out as planned. This can cause financial ruin, the big lease companies really dont care how well you are doing, they only want the rent and beer sales.. The training courses offered are of little or no use to the real world of running a pub. What could you learn in a week or two about running both a pub AND a business. It takes years to learn both and even then you make mistakes.
799984
Sure...but to be sure that your business thrives add a drive thru liquor window for 40oz on the go and possibly a BBQ shack right next to that.
296387
I suggest you first prepare a business plan and thoroughly think through your concept. Clearly describe what makes your business idea stand apart and why this restaurant chain will be successful. For samples of restaurant business plans, you can check out:\n\nhttp://www.bplans.com/spv/3259/index.cfm?affiliate=pas\nhttp://www.bplans.com/spv/3228/index.cfm?affiliate=pas\n\nThen you may want to go and pitch your ideas where investors gather. Here are some places where angel investors come and those looking for funding can come and pitch their business plans. \n\nAngel Capital Association http://www.angelcapitalassociation.org\nAngel's Forum http://www.angelsforum.com \nBand of Angels http://www.bandangels.com \nCommon Angels http://www.commonangels.com \nKeiretsu Forum http://www.k4forum.com \nLaunchpad Venture Group http://www.launchpadventuregroup.com\nNew World Angels http://www.newworldangels.com \nNew York Angels http://www.newyorkangels.com \nPrairie Angels http://www.prairieangels.org (charges $125 to submit idea)\nRobin Hood Ventures http://www.robinhoodventures.com (charges $250)