You should know that owning a restaurant can be both rewarding and frustrating. However, it is always exciting. So, if you're planning to own your very own restaurant then you are in for a very exciting ride. But if you want to prosper, then you need to make sure you do a few things. Some things should be considered before opening a restaurant. Remember this as it is very important. You have to be sure that you have everything you need to be successful. A good mentor and a solid plan are the two major things you need to be successful.
Nevertheless, you may think you don't need a mentor but it's not true. You need him as a mentor should be someone who has opened and run one or more successful restaurants. But choose the right mentor as a good mentor should be easy to talk to and be willing to help you every step along the way. And all major decisions (and most minor ones too) should be run past your mentor.
Moreover, you also need a plan that should include financing objectives, sourcing requirements, operational guidelines, hiring objectives, margin levels, a clear-cut budget, and innovative approaches to make more money. You can plan with your mentor. But remember that all these things should be carefully worked out and then fulfilled as you move forward.
Be as specific as possible with your plan. This is very important. For example, if you have a meal that is popular, you'd better make sure that the ingredients from the meal have more than one way to get to your restaurant. This is because having one supplier is not enough. Something may happen with your first supplier, so, what will you do then? Thus, you need more suppliers than one. This allows you to get the necessary ingredients from the second supplier. Be sure, you won't have to miss out on the money and you won't anger any customers by taking the popular food off the menu for a day or longer.
One thing you have to remember is that food waste will cost you a lot of money if you don't handle the food properly. And for this you should make sure you have a method set-up that will use the oldest foods first - first in, first out. You also want to make sure you have a way of storing the food properly and that you don't buy so much food that you're unable to use most of it before it becomes waste and costs you money.
If you're opening a restaurant then you have an exciting road ahead of you. But you will have both good times and bad times. Planning for opening your restaurant and then running your restaurant after that will help you to have more good times. This plan needs to be thorough and very specific. Moreover, before opening a restaurant you need to find a good mentor who will help you each step along the way. Only a good plan and a good mentor will make your restaurant business successful.