Tag Archives: Restaurant

How to Write a Restaurant Business Plan – The Essentials

Restaurants have one of the highest failure rates. The nature of the business in dealing with perishables and the fickle tastes of people is difficult to grasp. Many lenders simply exclude them from their portfolios in general but everyone knows a great restaurant can create a lot of wealth for the owners.

Never forget this statement, lenders and investors are sophisticated in commerce and they know when someone is on their level in business knowledge. You must distinguish yourself, just like stock market investors, lenders invest in people. Do not fear your short comings but show how you HAVE experienced advisers available.

Most necessary information related to business is basic but they want to see you have a basic insight into overall economic influences as well. Read and watch financial television to learn and be comfortable with discussions in those areas. After a time you will begin to see the conversations are very similar. You now have insight into the content of your restaurant business plan, it is the same discussion.

Another suggestion to prepare for writing your plan is go online and search for annual reports for restaurants traded on the stock exchange; they are usually free of charge and useful even if they are old. Most of them are mind numbing at first, study until you see the same pattern you found watching the TV shows. Get some basic information about financial statements just to learn the layout and how the numbers relate and tell the health of the company. Buy a book about investing in stocks to absorb the mindset of an investor.

You should be able to demonstrate a clear and fundamental understanding of how the economy and other outside factors will affect your enterprise. Knowing facts about your competitors and even publicly traded restaurants will show a level of experience you may not even have but they will see you belong to the top 1/10% of your industry and every other person who brings a deal in front of them.

Unless you intend to raise a million dollars or more you should research and write your restaurant business plan yourself. The preparation to do so will ingrain the process into your mind and the command of the information will impress your lending prospect. Be sure to highlight every small difference related to why you believe in your venture. Keep in mind very small improvements in long established industries have made many people very successful.

Read a little about persuasive writing and use a formal style with no contractions, slang or industry jargon which is not explained.

Buying a template will help you organize your thoughts and provide a framework for all your expertise to be displayed. These are very helpful. Once you master the basics, admittedly a large body of information, begin to focus on your specialty, here are two examples:

• Maybe you are interested in starting a café and need a café business plan. Here you will begin to build your case about why you think you have found an opportunity. This could be how an area under served because it has experienced huge growth and residents drive a long distance.

• Regretfully, the bar business does well in a good location with a bad economy. Keep in mind people do not go to a bar to drink, they go to socialize. Bars should work well anytime but they can be recession proof. Your approach will be the social aspect of writing the bar business plan and why you have the edge to make one work.

Hopefully you are very talented and suited for the restaurant industry but remember, every talent, once discovered, must be developed. Know where you want to go, this is a clear goal. Identify every possible need to reach the goal, and then list what you have. This is the first step to writing a great restaurant business plan.

All About Indian Restaurants

Day by day, the popularity of Indian cuisine is growing immensely. People from all over the world are eager to try out Indian cuisines, particularly, when they are travelling to India. Indian curries have become really famous among the British and the Americans. The intricate tastes and the exoticness make Indian foods more appealing to the foreigners. The wide varieties of cuisines offered in Indian restaurants make foreigners feel highly confused, as they do not know what to order.

All the names of the dishes sound very unfamiliar and quite confusing to them. So, if you are visiting Indian restaurants for the very first time, then you need to remember certain tips.

Firstly, don’t ever judge dishes by their prices. It takes a lot of dedication and skills to prepare most of the Indian dishes. If you are not sure about a certain dish, then always take the assistance of a restaurant staff in order to get familiar with the ingredients and the flavor of the food. The higher the prices, the better will be the food quality. Many of the Indian cuisines are made of exotic herbs and spices hence their prices tend to be a little higher. Always go for renowned restaurants, since they tend to use fresh ground spices to prepare the pastes, masalas and gravies.

Secondly, most people, who have not tasted Indian food, believe that Indian cuisines are extremely spicy and hot. This is absolutely wrong, because there hundreds of Indian dishes that are cooked with minimal spices to produce a delicate flavor. There are also various preparations, which are only steamed or roasted. So, when you choose your meal, decide on what type of food you would prefer to have.

Always look for a recognized restaurant with friendly employees, who are always eager to help you. Before ordering for food, consult the restaurant attendants to get a clear idea of the dish that you would like to go for. This will help you to enjoy a perfect meal and satisfy your taste bud completely. Indian cuisines are not only extremely scrumptious but they are also highly nutritious and the ingredients used during cooking have lots of medicinal values. So next when you visit an Indian Restaurant In Stourbridge, leave all your worries behind and just relish the food.