Run a Restaurant

Have you ever dreamed of opening a restaurant? Have you started on the road with an innovative concept, only to get bogged down by the Nitty Gritty business logistics to quickly lose sight of the vision that brought you down this path in the first place? Are you creative minded business owner who is building a quality restaurant, but there is no financial management skills that would open the door? I'd rather go to a modern restaurant with a unique atmosphere and innovative menu, but boring house which keeps great records and paper trails. If you fall into the first category should feel lucky because these attributes can not be taught or caught. With a little effort and patience you can have effective management skills so that your dream and continue to grow and morph as you build up an enviable client base.

Once you consolidate your concept which should start when you open a restaurant? It is always wise to start with a CPA before you open your first bank account. Paying a few extra dollars a month is money well spent to ensure proper accounting and tax obligations. Here is a good list to start a restaurant business from the management side:

• Create a detailed business plan. Be realistic. I always encourage people to build the A, B and C models, which is how things would look if you get the upper volume, volume of medium and low volume, respectively.

• For this plan to create a budget

• Creating a cash projection for A, B and C, models the flow

• Create a table of employee salaries and develop a template together with the places you want to fill

• Develop an employee manual

• Develop your job descriptions

• Determine the break even analysis

• Determine your start-up costs

• Determine your marketing strategy paying particular attention to social networking

• Plan your menu

• Design your menu

• Identify your beverage menu

• If you want customer loyalty program?

• Develop a training manual / handbook for new employees

• Develop incentive programs for their staff.

If all of these areas look like a foreign language to you, or you can do to move this point to realize their dreams of a restaurant and then consider hiring a professional business coach. Or find a mentor in the industry. Often your local Chamber of Commerce will have a mentor program available to you where you are retired professionals in the industry are willing to meet with you at no additional cost. We are fortunate to live in the age of the Internet, because there are many tools available to you at reasonable prices substantially to make up most of the work for you after you fill in some gaps.

If you do not let your vision of the everyday tasks you to open a restaurant sure to thrill critics and patrons all over your city, state or country!