Imagine how hard it would be to make a specific meal with all the supplies, but no instructions - you could do it, sure, but it wouldn't be easy, and probably wouldn't turn out the way it was supposed to. The same thing is true for opening a business. You can have all the right ingredients in place, but still fail to put it all together in a way that makes sense (and makes money) -- just ask new restaurant owners.
In many cases, restaurants fail because their owners didn’t do their due diligence when it comes to researching trends, demographics, or lessons learned from other restaurant owners. The entrepreneur has more passion than plan.
So, you want to start a restaurant? Take a deep breath, be prepared to do some serious thinking, and read up:
Zagat’s 10 Rules to Running a Restaurant from Small Business Owners
The best people to ask for advice are those who've come before. Here, Zagat has you covered. They took 10 restaurant owners who've been there and done that, and asked them for their keys to success.
What makes this article a great resource is that the owners are from all over the map, literally. From the Northwest to the Southeast, chefs and owners lay out words of wisdom. Take advice from the restaurant owner in your area code and run with it!
Oh, the Places You'll Go - Nerd Wallet's Top Cities to Start a Restaurant
Location, location, location. Whether you want to open up a neighborhood joint near your house, or a top of the line nightspot on the trendiest block in town, where you open your restaurant is a big decision. Widen your thinking with Nerd Wallet.
Nerd Wallet crunched the numbers based on population and income to create a comprehensive list of cities that could be a gold mine for new restaurants.
Interestingly enough, of the top 5 cities to start a restaurant in, 3 were in Texas. Where should you open your restaurant? Check out the article, here.
Get Your Legal Checklist In Order with Nolo
This is definitely one of the least glamorous part of opening a restaurant - unless you think fact checking, signing documents, and re-reading contracts is exhilarating.
Remember that feeling when you are handed a project, and were immediately overwhelmed? Well, that's the feeling that many people have when opening a restaurant, and our guess is that 80% of those feelings come from all the legal paperwork.
We found an extremely manageable article that breaks down the legal hoops that you have to jump through in order to keep restaurant business protected. Nolo is a do-it-yourself legal website, and they took all restaurant information, cut it down and put it on one page. You can read it here.
10 Mistakes that will DOOM you by Profitline Consulting
One mistake might ruin your dream as a restaurant owner, but make 10 mistakes? That's a tough hole to dig yourself out of.
You can learn from the losses as much as the wins. The Restaurant Guys partnered up with Profitline Consulting to come up with the ten mistakes that keep failed restaurant owners up at night.
Read the list and change your ways quick if you need to!
A Bonus Infographic to Help
The Huffington Post knows the power of the Infographic so they put together the ultimate visual guide to starting your own restaurant. How much does it cost to start a restaurant? Should you buy or lease a location for your restaurant? What should you spend on equipment? This infographic breaks it down.
There you have it. Go forth and open your new restaurant! But do your due diligence first. We want you to succeed! We're BlueCart.