By Roy Alonzo
Smart start-up basicsWriting a profitable eating place company planDeveloping the ideal menu to your objective audienceCreating front-of-house atmosphere and back-of-house efficiencyOperating profitablyMarketing possibilities to develop your businessAnd an all new bankruptcy on new and rising applied sciences within the eating place company!
Read Online or Download Upstart Guide to Owning and Managing a Restaurant PDF
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In other words, if you end up owing money, creditors can come after your personal assets. Partnership. Partnerships function best when the partners have complementary talents and each brings financial resources to the business. Small partnerships may enjoy some of the advantages of a sole proprietorship, except that everything you own, do, or earn is shared with one or more partners. The two most common types of partnerships among small businesses are the general partnership and the limited partnership.
If plate-waste studies show that a lot of certain items are not being eaten, their portion sizes are being reduced. KEEPING IT ALL IN PERSPECTIVE Adopting new technologies is not a cookie-cutter situation; what works for one market segment may not work for another. More than ever, restaurants must stay in close touch with the wants and needs of their particular clientele. For example, tabletop televisions may work for one demographic but not for all. Also, restaurants should stay informed about emerging technologies to benefit from those that are appropriate to their needs.
Thoughtful consideration should be given to your name because it can serve many purposes, the most prominent of which is to convey specific information to the public. Some examples are: • • • • La Casa Napoli. Indicates an Italian restaurant. Fisherman’s Landing. Suggests seafood and a nautical decor. The State Street Grill. Tells you where the restaurant is. The AM/PM Diner. Declares the establishment is open day and night. indd 52 2/14/07 6:28:46 PM Strategy for Success 53 Consider the most important message you want your name to convey in terms of who your target market is and what they want, then match their expectations.