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FREE MONEY ADVICE n. 52 : How to make money opening a restaurant 1 year 28 weeks ago

If your passion is food, you may think in making money opening a restaurant.

Consider that like opening a bar ( see related article in archieve), creating a restaurant business is not easy, as the competition is huge.

The key to success in the restaurant business is to plan well.

You will need patience, motivation, money to invest at beginning and experience managing a restaurant.

Also remember that on average 90% of restaurants fail in their first year. Of those who survive, 90% fail in their second year.

Catering Software for Restaurants 2 years 21 weeks ago

Is there any better catering software?
An Open Letter To Restaurant Owners Who Currently Cater Or Want To Cater:

Soon after opening my restaurant, I discovered a book written by Michael Gerber called The E-Myth. In this quick read, Michael sums up the plight of every small business owner in America: "They’re working ‘IN’ their business not ‘ON’ it. It was a phrase I could personally relate to, clocking in over 80 hour weeks and married to my restaurant stuck doing $8 an hour tasks.

About Restaurant Management Software 1 year 27 weeks ago

Most restaurant owners lack the financial skills to handle their accounting reports and practices because they are focused on providing customer service and good food. In order to assist them with the financial side of the business, most of them use restaurant management software. This software will help them manage and generate their accounting reports and accounting procedures. In order for the software to be effective in the business, owners should select a software program that is a good fit for their type of restaurant.

What to think about when starting up a business 1 year 23 weeks ago

When looking to start up a brand new business there are various factors to be considered including finance, location, aims and objectives etc One of the most vital things to consider can be left overlooked because of this, which is a crime! My article provides an insight into the crucial concept of the legal strucutre or form of ownership of your new business. Something which can dictate how you expand in the future and the level of security which you hold.

Book review: "Restaurant Success by the Numbers: A Money-Guy's Guide to Opening the Next Hot Spot" 1 year 1 week ago

The restaurant business has been proved to be a money-spinner for many entrepreneurs all over the world. The catering empires of McDonalds, Starbucks and of course many special-themed successful restaurant chains have earned their owners, shareholders and employees lots of cash and serve as bright examples of profitable business practice. Calculate your numbers to open the next star restaurant.
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