Category: Business

All about Places to eat Montana

When it comes to starting a restaurant, many entrepreneurs jump in and risk their time and startup capital without giving the idea proper consideration. Like other business models, restaurants have a high failure rate and owners quickly realize that being in the restaurant trade is not as glamorous or enjoyable as they first imagined.

That said though, for the right type of people who have done the right preparation, restaurants offer some excellent business opportunities. Many end up thriving and enjoying the lifestyle that goes with owning a business in this industry.

Before deciding to take the plunge and open a restaurant take some time to consider the following restaurant success factors. These are set out as a series of questions to ask yourself to see if you have what it takes to open and manage a restaurant business.

1) Do you Need Experience and Qualifications?

It is still possible for someone with no formal training or experience to open a restaurant and succeed. However, you will increase your chances of success dramatically if you have had some kind of formal training, experience or both. There are numerous culinary schools throughout the United States offering a variety of courses of various durations.

If you are able to get some experience working in a restaurant then this is also a great way to learn about how things are done and to get ideas for running your own business. Start off doing one role and persuade the owner to let you work a variety of roles so that you can understand the whole operation.

2) Do you have General Business Management Skills?

Having good money management skills will be useful when it comes to handling cash and budgeting for expenses. While not absolutely necessary, restaurant owners that understand all the cash flows coming into and flowing out of their business are more likely to feel in control and turn a profit. Doing a course in small business administration or bookkeeping would be extremely useful if you don’t possess these skills already.

3) Do you have Creative Talent?

While you can rely on the creative talents of others, such as chefs and interior decorators it will be helpful if you are a creative person. You can then have considerable input into creating a unique and workable restaurant concept, menu design and dining room decoration among other things.

4) Can you Face Long Working Hours?

Running a restaurant business will require you to spend a good deal of time away from your family if you have one. When your children are home from school in the afternoons and evenings it is likely that you will be working as most restaurant business models follow these hours (unless you focus on breakfasts and lunches). Weekends are the busiest days of the week for most restaurants so it is likely that you won’t see your family much on Saturday and Sunday as well.

5) Do you have Full Support from your Family?

Clearly you have to have the support of your spouse, at least in the early days until you are able to step back and have managers run your operation in a way that allows you to have some time off. And if you will be working with your spouse then you must make sure that your relationship is strong before going into business together.

6) Do you have enough Startup Capital?

You will need to make sure that you have access to the funds required to get your business up and running as well as to cover operating costs in the early stages. You will also require funds for your personal living costs over the first few months of your businesses life while you are getting established and revenues are still low. Unexpected expenses will undoubtedly arise as well so make sure that you don’t get caught short.

7) Are you a People Person?

As a restaurant owner or manager you will have to relate well and communicate effectively with all kinds of people.

With your staff you will have to show strong leadership skills and communicate clearly to them in order to maximize productivity and maintain good relations with them.

Restaurant owners that have strong personalities and get to know many of their guests often become the face of the brand. Sometimes the owner even ends up being part of the attraction that draws customers to dine at specific restaurants. As a restaurant owner you should be prepared to get out on the dining floor and mingle with your patrons whenever possible. Be sure to do it in a way that doesn’t interrupt their dining experience.

With your suppliers, city officials, inspectors and other parties you will also have to have the ability to communicate with them in a way that allows you to get what you want and to build strong relationships.

8) Are you Hard-Working and Organized?

As a self-employed restaurant owner you must be motivated and disciplined if you are to get everything done and achieve your goals. Being organized is the key to managing your time and the time of your employees effectively.

9) Can you Keep Cool in a Crisis?

In the day to day running of your restaurant you will encounter lots of small and large problems, especially in the early days. To keep things running smoothly you must be able to take control in a crisis situation, calm your employees and offer quick, practical solutions that avoid stressing everyone out. As the owner and manager you then have to work on eliminating problems so that they don’t occur again.

There are many assets, personality traits and other attributes that the ideal restaurant owner should have. To some extent these restaurant success factors can be acquired, learnt or developed before you open your doors for business.

Places to eat -Intro

Running your own restaurant can be a very rewarding experience. In order to make your restaurant opening a success, you have to be aware of all of the things that must be done before the day of your opening. Below are a number of tips on how to open a restaurant that should help make the experience easier and much less stressful. Do you want to learn more? Visit  places to eat 

1. Restaurant Features: You will have to do your research to find a suitable location. You have to check out your competition and the type of people that frequent area. Once you have chosen your site, you have to decide what type of restaurant you will operate. For instance, will it be a fine dining restaurant, fast food restaurant, or specialty restaurant such as a Chinese or Italian. It is beneficial to have a restaurant that stands out from your competitors. It should offer something unique that will attract diners. You also have to consider where customers will be seated that is both comfortable and has a pleasant view. The restaurant itself should be appealing to the customer as the first thing a customer judges is the appearance of the restaurant.

2. Financing: When starting a restaurant, one will normally have to make a significant financial investment. This will usually involve acquiring a business loan or getting people to invest in the establishment. You will need a detailed business plan that will include the funds needed to open the restaurant and to keep it financially sound until you start making a profit. Costs to take into account include: lease or purchase costs, equipment and supplies, renovations, legal fees, food, staff costs, taxes, liquor costs, utilities,etc. The lender needs a business plan that shows how you will make and maintain a profit.

3. Restaurant Vendors: You will have to buy various equipment and supplies such as tables, chairs, kitchen equipment such as dishwasher, freezers, ovens,etc. You will also have to furnish the restaurant with items that reflect the restaurant’s theme. Consider such items as decorations, paint, carpet, fixtures, wall decor,etc. It is helpful if you can find one or two restaurant suppliers to provide you will all of the required supplies.

4. Restaurant Permits: Operating a restaurant requires obtaining a number of permits. Check with your local government agencies to find out what permits are needed, however, generally one will require a zoning permit, building permit, permit to operate a food establishment, permit to sell alcohol, and more. You can be fined or shut down if you don’t have all of the permits.

5. Restaurant Menu: The restaurant menu is a key component of attracting and creating loyal customers. The dishes should reflect the theme of the restaurant. The prices should reflect the type of customers you want to attract. For example, will your restaurant be an expensive fine dining restaurant or an affordable family style restaurant? Your food should be fresh and it should stand out from your competitors’ food.

6. Restaurant Employees: Your waiters and waitresses are on the front lines of the business. Your staff should be experienced, professional, respectful, attentive to the diners, and friendly. Make sure staff uniforms are professional and always neat and clean. As well, your chef should be experienced with cooking the dishes you will be serving.