How to Open a Restaurant

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https://www.youtube.com/watch?v=mTcvYqHaYAoOpening a restaurant is not easy. The first thing must do is decide what your restaurant is going to be.

Do you want your restaurant to be something that is a labor of love everyday or do you want it to be a business that supports you and your family and makes you retire early?

The next thing to do is to research your restaurant. Really dig into what your competitors are doing in your area and what kinds of demographics you're going after. You might find that you are going to be competing for the same crowd. Find out what's working for other restaurants and figure out ways that you can adapt these strategies to your business. There's no need to reinvent the wheel.

Don't be shy. Now is the time to reach out and build up your relationships.

They may be with industry colleagues, they may be with industry resources, it may be an association or it may be a business person who specializes, a vendor who specializes in serving restaurants in your area. You need to build relationships in the business community around your restaurant.

You need to figure out who the movers and shakers are in your community and how you can get to know them better. If you are a chef, find a business partner. If you are focusing on the business side of the restaurant, find a chef you can rely on and maybe someone who knows how to manage the house. A big part of success in the restaurant industry is surrounding yourself with people that complement your skill set.

The next thing you should focus on is getting together the resources to fund your restaurant.

You are going to need money to add fuel to your passion and your vision and your idea and give all that research that you have done, life, as you bring it into fruition as a new restaurant.

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