{"id":1130,"date":"2022-08-12T17:26:50","date_gmt":"2022-08-12T23:26:50","guid":{"rendered":"https:\/\/juanluisboschgutierrez.com\/?p=1130"},"modified":"2024-06-18T16:59:55","modified_gmt":"2024-06-18T22:59:55","slug":"things-to-ask-before-starting-a-business","status":"publish","type":"post","link":"https:\/\/juanluisboschgutierrez.com\/en\/things-to-ask-before-starting-a-business\/","title":{"rendered":"Things to Ask Before Starting a Business"},"content":{"rendered":"

This article is part of our Business Startup Guide\u2014a curated list of articles to help you plan, start, and grow your restaurant business!<\/p>\n

According to a study published in the Cornell Hospitality Quarterly,approximately 60 percent of restaurants fail within their first year of business.<\/p>\n

That’s exactly why our goal is to prevent your failure.<\/strong>
\nCheck out this list. Also, if you are looking for inspiration to encourage you to start your food business, you can learn from famous entrepreneurs around the world. As an example we have juan luis bosch gutierrez,<\/a> among others.<\/p>\n

If you are dreaming of becoming a restaurateur, you can increase your chances of success by honestly answering all of the questions proposed in this article, as well as checking off everything suggested below.<\/p>\n

A popular industry<\/h2>\n

Restaurant sample business plans are the top three downloaded sample plans on Bplans. For some reason, a lot of people are attracted to running their own restaurant, pub, caf\u00e9, food cart, and coffee shop. I\u2019ve spent many years working in restaurants, and I can tell you, it\u2019s not an easy industry to be successful in.<\/p>\n

I\u2019ve been a technology entrepreneur, but not a restaurateur. I have never owned a restaurant, but I have spent many years working in them and managing restaurant staff\u2014from Planet Hollywood, to Dave & Busters, to casino showrooms, restaurants, and caf\u00e9s.<\/p>\n

The years I spent in the restaurant industry are some of my favorite; I had fun and made a lot of tips. That said, it was also a very stressful industry to work in. Managing people in the restaurant industry is also not easy.<\/p>\n

Typically, most of the people in the \u201cfront of the house\u201d (on the restaurant floor) are not in the restaurant business as a career. They are mainly there to make money to help them transition into another job opportunity, or they are in college or saving money to go to college. Therefore, you will be hiring and firing more regularly than other industries would.<\/p>\n

There are restaurant managers who are the exception to this rule. I\u2019ve known many people in the food services or hospitality industry that have made great careers out of working in various restaurants. They are a special breed of people though. They typically don\u2019t make that much money, yet they are expected to work far more than 40 hours a week, so you want to make sure you establish a working culture that does not burn-out your employees\u2014especially those making a career out of it.<\/p>\n

There are also waiters who are the exception to the rule of being in the industry temporarily, but it\u2019s not the norm. You\u2019ll find more waiters making a career out of working in restaurants in larger cities with higher-end restaurants where you can make a good living from the tips.<\/p>\n

The \u201cback of the house\u201d workers (kitchen, line prep, dishwashers) are also mostly in the restaurant business to help bridge them to another gig. Chefs are again, usually the exception\u2014especially if they are passionate about food, well trained, and from good culinary schools. If this is the case, these people are making a career out of working in a restaurant.<\/p>\n

It\u2019s important to know what kind of restaurant you want to start, and how you will effectively run and grow it.<\/p>\n

Below are five questions to ask yourself before starting a business:<\/h2>\n

In addition to these five questions, below are nine categories of business to address very closely before taking the leap into the exciting world of food and beverage.<\/p>\n

It doesn\u2019t matter if you want to open a large or small restaurant, a caf\u00e9, or a pub. All of the following categories and questions apply. Addressing each of the items below in detail will increase your chances of success.<\/p>\n