Most of us, at some point in our lives, will dream of opening up our own restaurant to serve only the finest foods in the land in an environment that will truly show off our tastes and style.
The vast majority of us will put this dream aside the moment after it pops into our head, but if your dream stays with you, lingering in your mind, there's a good chance that your aspiration to open up your own restaurant is truly there, and you should grab it with both hands before it disappears. It's fair to say that though opening a restaurant is a rewarding experience, it's not for the faint of heart. It requires hard work, long hours, and ultimately a burning desire to succeed. If you think you have what it takes, take note of the following essentials for aspiring restauranteurs such as yourself:
Can You Cook
It may sound like a stupid question, but many more of us have hoped to open our own restaurant than the number of us who can actually cook good food.
Luckily the quality of food, unlike many things, isn't particularly relative. Somebody may not like a certain food type that somebody else adores, but that doesn't speak of the quality of the food itself. In general, if one person things a dish is cooked poorly, the majority of others will too. For this reason, if you can't cook it's essential that you find somebody who can before you open up.
Do You Understand Business
Another potentially stupid question, but again it's all too common for somebody to fall in love with the idea of opening their own restaurant (or any business, for that matter) with flagrant disregard for the simple fact they know little or nothing about running their own business.
Business isn't something you can learn on the go (without losing a lot of money, that is). There are certain things that you simply need to know before starting a new business, and you'll want to keep up this education as you grow your restaurant at every stage.
Will Banks or Investors Finance Your Venture
In the current economy finding financing for any form of business venture is much harder than it used to be, meaning there's a good chance you'll have to visit a number of banks, and call upon even more personal investors, before you collect your initial start-up capital.
There are several other ways to gain financing, of course, including the sometimes awkward subject of asking to borrow money from family and friends. Unlike personal investors, they will be investing their money, and their trust, in you and you alone. You can't let them down.
What Locations are Available
There's a good chance that the broad definition of your restaurant's location (the town or city) is something that was built into your original daydream.
Now it's time to put some serious work into finding out what's available to you, then ranking them in terms of the size of the populations they serve, their visibility (corner locations are especially good, as they allow your restaurant to be seen down two streets instead of just one), whether or not they have nearby parking facilities (if necessary), and their accessibility.
In conclusion, most of us, at some point in our lives, will dream of opening up our own restaurant. If your dream stays with you, lingering in your mind, there's a good chance that your aspiration to open up your own restaurant is truly there, and you should grab it with both hands before it disappears.