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All About Starting a Restaurant

ARE YOU DREAMING ABOUT OWNING A RESTAURANT OR STARTING ONE?
• Do you think you have extra time and want to utilise it to make some money?
• Do you have the passion to indulge yourself with the restaurant business?
• If yes, then read on...
• Before you do jump into the restaurant business explained below are few attributes

ATTRIBUTES
• Drive energy and willingness to take responsibility and risks, make decisions, and accept the consequences.
• Personal initiative and the ability to not rely on others to get the ball rolling or defer decisions to others or to committees.
• Personality and human relations ability. This includes emotional stability, sociability, and cheerfulness in adversity; co-operation, tact, and considera-tion for others.
• Organizational ability with an eye to detail so that those around you don’t have to guess what needs to be done and who has to do it.
• Communication ability both written and oral. You have to be able to com-municate with employees, suppliers, customers, bankers, and all the other people you have to deal with daily.
• Administrative ability in planning, setting goals and objectives, deciding how to measure results, controlling the business, interpreting financial statements, and similar matters.
• Technical knowledge about the restaurant business. This means not only knowing what you do know but also where you may be deficient in certain skills and technical abilities so that you can upgrade yourself or hire em-ployees competent in that area.
• Good judgement, patience, and restrain.
• Leadership.
• Looking over that list you might think that nobody could ever survive in the restaurant business. However, this is only a list of desirable characteristics that are helpful in most situations, it is not necessarily indicative of failure if you don’t possess one or several of them.

1. WILLINGNESS TO WORK HARD
• One characteristic is generally absolutely essential: a willingness to work hard.
• Without that, you are almost certainly doomed to fail in the restaurant business.
• If you do work hard, you should achieve success. That success will be measured not only in having a profitable restaurant, but also in the rewards that are less easy to measure, such as being your own boss, having pride in restaurant ownership, enjoying status in the community, and owning an outlet for creative ideas.

2. OTHER QUESTIONS
• Now, honestly answer the following questions:
• Do I have the mental and physical stamina to run my own restaurant?
• Am I prepared to sacrifice my present lifestyle to this new venture?
• Are my spouse and family (if any) willing to accept the change and possible upheaval in lifestyle?
• How much income do I need to survive during this period of change?
• Can I survive if all my income has to come from a new restaurant venture that may not be successful?
• If the answer to each of these five questions is not a definite yes, it is pos-sible you may be acting on emotion rather than in an objective way. In that case, if you do not succeed, you have only yourself to blame.

ADVANTAGES AND DISADVANTAGES OF STARTING A NEW RESTAURANT
• The main emphasis will be on starting a new restaurant from scratch. There are both advantages and disadvantages to starting a new restaurant, and you might want to be aware of these in order to consider the alternative of purchasing an already existing restaurant that is for sale.

1. ADVANTAGES
• Some of the advantages of staring your own restaurant are as follows:
• You can select a location that takes advantage of current economic or market conditions.
• If your plans include constructing a new building, you can have it designed to your specifications to suit the type of restaurant you plan to have, and the type of restaurant you plan to have, and the type and size of building can also be designed for conditions as they exist today.
• There may be an appeal to potential customers about a new restaurant being opened. Curiosity alone may help you attract a good starting clientele.

2. DISADVANTAGES
• Some of the disadvantages of starting your own business are as follows:
• If land and building are involved, the time required to put together a fi-nancing arrangement to buy the necessary land and put together a building package can be long and the financing itself fairly complex.
• A clientele will have to be built up.
• This takes time – anywhere from a few months in some restaurants to two to three years in others. Starting a new restaurant does not, by itself, create an immediate new clientele or market.
• Building up a clientele also delays a return on your own investments, and during this time interest will have to be paid on borrowed money. In addition, it may require you to keep advancing the company new cash to keep it in op-eration.
• Any new restaurant suffers an additional risk since it will probably have to compete with already existing competitive restaurant whose sites and/or locations are more favorable and whose business is already successfully es-tablished.
• If you feel that the above disadvantages outweigh the advantages, you should then seriously consider the alternative of purchasing an already successful restaurant business. If that is the case, another alternative might be to try to reduce the risk by starting your restaurant on a franchised basis.

ADVANTAGES AND DISADVANTAGES OF FRANCHISING
• Buying a franchise can be a quick way to set up your own business without starting from scratch. But there are also a number of drawbacks.
• When it comes to starting a business, many people think of buying a franchise as a shortcut to success. While there is some truth to this, not all franchises are created equal, and not everyone is cut out to be a franchisee.

1. ADVANTAGES
• Your business is based on a proven idea. You can check how successful other franchises are before committing yourself.
• You can use a recognised brand name and trademarks. You benefit from any advertising or promotion by the owner of the franchise - the 'franchisor'.
• The franchisor gives you support - usually including training, help setting up the business, a manual telling you how to run the business and ongoing advice.
• You usually have exclusive rights in your territory. The franchisor won't sell any other franchises in the same territory.
• Financing the business may be easier. Banks are sometimes more likely to lend money to buy a franchise with a good reputation.
• You benefit from communicating and sharing ideas with and receiving sup-port from other franchisees in the network
• Relationships with suppliers have already been established.

2. DISADVANTAGES
• Costs may be higher than you expect. As well as the initial costs of buying the franchise, you pay continuing management service fees and you may have to agree to buy products from the franchisor.
• The franchise agreement usually includes restrictions on how you run the business. You might not be able to make changes to suit your local market.
• The main disadvantage of buying a franchise is that you have to do it their way - sometimes right down to the way the napkin holders are filled. As a franchisee, you are not the one actually running the show, and some fran-chisors exert a degree of control that you may find excruciating
• The franchisor might go out of business.
• Other franchisees could give the brand a bad reputation.
• You may find it difficult to sell your franchise - you can only sell it to someone approved by the franchisor.
• All profits are shared with the franchisor.

If you know about restaurants available for franchise speak to the owners, you might find one that suits your budget.

FRANCHISE APPLICATION, INTERVIEW AND CONTRACT
• The first step in buying a franchise is to contact the franchisor operating a franchise that you’re interested in. Usually when you express an interest, the franchisor will expect you to complete a questionnaire or application form.
• Do not be surprised that the franchisor’s questions include detailed questions about your finances. A franchisor will want to know about your personal assets, for example, because he or she wants to make sure you have a fall-back position to carry the business in case it runs into financial difficulty.
• You will probably also be asked about your spouse’s financial situation. Once again, the franchisor wants to be sure that both of you are prepared to make the financial commitment necessary to start and run the franchise successfully.
• You’re also sure to be asked questions about your experience, background, and even aspirations, questions designed to help the franchisor determine whether or not you’re the kind of person he or she feels will be able to run the business successfully and fit into the franchise model.

• For more details

Are You One of these?

Distant. Indifferent. Impassive. Disinterested. Stoical. Blasé.
Not showing any extreme or passionate emotion. Love to joke. Don’t take anything seriously and for that reason usually end up hurting the feelings of others around.


The focus is on the "self,” even if other people's emotional needs are acknowledged. Have trouble starting and following intimate conversations. Feel pressured and get angry once asked to reveal true feelings on the subject. Can stay out of touch with friends and loved ones for a long time and then suddenly resurface without a very clear explanation of what happened. Etc, etc, etc...

Then its time for some introspection.. Just DO IT? as i did it..

Have Faith! Don't Lose it...Don't Waste it...It can indeed move mountains! TRY IT

Techrite Solutions, Nashik

Techrite Solutions, Nashik

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How To Write a Resume

How to write a resume is all about writing a resume that attract recruiters. Here you'll learn what kind of resumes get noticed by recruiter while s/he is sorting out pile of resumes.

Let's start this resume writing guide with the resume opening. One part of resume that gets first attention from your prospective employer is your resume objective statement or professional objective statement.

The objective statement of a resume plays a letter headline function. It'll determine whether the recruiter will continue to read your resume or sort it out to a garbage bin.

As a career changer, pay a special attention to your headline. If you think you're able to demonstrate a specific achievement related to the new job then you may go on writing the objective statement. But if you don't have any performance related info that meets your prospective employer's needs then leave it blank.


How to Write a Resume -- Qualifications
This part of how to write a resume is provided with the assumption that you've gained more than five years of experience with at least two different positions.

But since you apply for a different field you need to craft your experience from a different angle. You may want to write a more general skills related to the new job.

For example, currently you're a liaison between finance and IT department. You have a limited IT background but you want an IT career. As a liaison staff you may write your technical troubleshooting experience. Based on your research of the prospective employer and job opening ads, develop a list of job requirements and preferred qualifications.

How would you contribute to your potential employer's goals achievement? Think of additional skills that make you special to the position. Or, if you are lacking in a certain skill, you may want to think how would you make up for it with other competency?

So summarize your credentials, once again, with your potential employer's needs in mind construct summary of your qualifications with your career achievements and key competencies. Describe how you, with your qualifications, would help solve their problems.


How to Write a Resume -- Achievements
In this how to write a resume part, it's the time to show your details performance. Under every related position (and/or employer), construct a paragraph that explain your responsibilities. Always remember to include only relevant experiences.

Then, craft your resume to show your past actions and results in a specific measurement as well as meaningful to the recruiter. For example, instead of mentioning Met sales quota rephrase it with Exceeded quota by 35% throughout tenure.

Besides detail results, your past actions are as important as well. The information will give the hiring manager clues on how you get things done. It'll also show how you've handled responsibilities and how you've reacted when you faced challenges.

Also, be careful not to disclose your current employer's confidential information as the hiring manager may judge this attitude unethical.

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If you are ready to scale greater heights, travel and see the world while you learn, aspire to be educated and create your career that will take you places, then you have come to the right place. Your search is over, but your journey is yet to begin! It is not an easy task to make the right decision, considering you have a future that depends on this, EdVantage International is here to help you get there.

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