When Mick Jagger sang, “If you start me up I’ll never stop” he was definitely not referring to a restaurant business venture. But the subsequent line, “You make a grown man cry” could very well have been snapped from the jaws of another entrepreneur staring misty-eyed at their defunct dream and wondering where it all [...]
When faced with a plethora of disheartening statistics about restaurant startups, it can be hard for enthusiastic entrepreneurs to retain their sense of childlike giddiness at the prospect of realizing their ambition. The media, and more specifically TV reality shows, announce with bravado and sadistic delight the popular statistic that 90% of restaurants will fail [...]
What the big players have been doing and what you should do to keep up. Today, a profound movement is taking place across the small and midsize business landscape. A growing number of companies are turning to automation to reshape their labor management processes. Progressive organizations are replacing manual processes with strategic automated solutions that [...]
Its been two months since the migration of Google Places to Google+ Local, so I thought it was time to recap whats happening. If you have not already done so make sure all your information from venue hours to cuisine description is accurate and complete on both your Google+ page and your Google+ Local listings. [...]
Restaurant startup costs Before opening the doors to your new restaurant you must open the doors to your bank account. A restauranteur must estimate whether both time and money should be spent on the venture. Unfortunately, not all great ideas make good businesses. Verifying the feasibility of a new restaurant is imperative to any entrepreneur [...]
Key performance indicators that measure the health of your restaurant Oftentimes, the only difference between success and failure is the direction you are heading. Without monitoring the proper performance metrics, a restaurant may be digging their own grave without even knowing it. Tracking and analyzing this data, can help managers evaluate their business strategic objectives [...]
A delicious menu of tech tools that work in your restaurant: Technology has helped broaden the awareness of restaurants in the ever increasing digital conversation. Thats great news as long as you can continue to deliver a great experience time and time again. Delivering a consistently enjoyable experience is actually much more difficult than you [...]
WIRE YOUR RESTAURANT FOR YOUR CONVENIENCE With a myriad of technology choices starring at you, you might wonder where to start. We will help you navigate the sea of technology and show you how to make technology work for you instead of the other way around. Some restauranteurs are using technology to gain a competitive [...]
BUSINESS MODEL GENERATION – BREAKING DOWN THE DIFFERENT RESTAURANT MODELS The story behind every successful restaurant – Deciphering what restaurant concept to choose will be one of the most important exercises. As the decision is formed all else will follow. Choosing a concept involves much more than having a good Chef and thinking great cooking [...]
What are they and how can I mitigate them? Stay Flexible, Stay Alive – Operators of new restaurants are often unable to adapt to and manage rapid changes in its complex environment. Environmental turbulence is the core ingredient to restaurant failures. Further, lack of experience, slow planning and inadequate execution to environmental turbulence will surely [...]