Wednesday, 10 December 2014

Opening a start up restaurant

Many are dreaming of becoming an entrepreneur. Restaurant business is one of the industry that I want to explore and exploit. There are few things to consider before starting and creating a steps before taking the challenge in this journey.

1. Decide on the theme or conceptualize your start up restaurant.

Chef Jon Spaghetti House - a delicious and tasty spaghetti on a box. "Quality, Cleanliness, Taste" are the main theme of my upcoming start up restaurant business.

2. Select a restaurant location. Location is one of the main key areas to consider. The location will be in Rome, Italy nearby train station and tourist spots.

Termini , Ottaviano , and Flaminio are places that I'm looking at.

3. Restaurant Name. It will be an acronym of Jonathan or the first three letters.

Chef Jon Spaghetti House. The main offering is spaghetti with different native italian sauces such as pesto,ragu di carne, carbonara and amatriciana.

4. Business plan. This is a big part of the process. Thorough planning will give an advantage before putting up the time, money and effort. This will lessen the start up failures.

5. Capital. The source of funding. It will come from my lifetime savings.

6. Licenses and permits. Compliance to the municipality rules and regulations in Italy. Bureacratic procedures and long process in documentation will cause possible delays.

7. Restaurant design. The design should comply to sanitary standards and will cater the target customers. Seating capacity, walk in space, kitchen equipments, etc. etc.

8. Restaurant Menu - this comes the important part. Different spaghetti sauces, add ons second course, salad bars, espresso and dessert (muffins),(gelato),(tiramisu) etc.etc.

9. Equipments. Kitchen equipments, secondhand kitchen equipment can be consider to save costs.

10. Leasing contracts. Leasing a space for the restaurant will be one of the fixed overhead as well as for electricity, gas, garbage,signage, telephone and wi fi connections.

11. Manpower requirements. Cashier and Banchista, Kitchen staff, Chefs or Auito cuoco will part of my team.

12.  Marketing plan. Start spreading the good news.Volantini, google ads, publicita, facebook etc. etc.

Restaurant entrepreneur should posses special qualities such as hardwork, perseverance, determination, goal oriented, patience and positive attitude.

Saturday, 6 December 2014

Turning your start up idea into business

Before starting with the brainstorming of business ideas. You need to check yourself, if you will be capable of handling the challenges and trials in this entrepreneurial journey. Having many ideas will not bring you to the road of entrepreneurship.

1. Are you willing to take charge of your start up?
2. Are you ready to take a step to be an entrepreneur?
3. Can you take responsibilities of your decisions?
4. Can you make a business plan and have a back up plan?
5. Do you have passion in your start up idea?
6. Do you plan and organise your day?
7. How well you get along with others?
8. How good are you in handling criticisms?
9. Are you willing to be an Accountant, Marketer,Manager, Chief, CEO?
10. Are you willing to take a risks?

Those 10 questions above should be considered before putting your start up idea into business. If you have the guts, and willing to take the calculated risks "Entrepreneurship is for you".

Hard work and determination will form a big part of your entrepreneurial journey. A willingness to learn in every steps and possible failures is a character that an entrepreneur should possess.

If you answered those 10 questions and was able to assess yourself that you are an entrepreneur. We need to check your start up idea.

Example:

You like eating and cooking. Everyday you prepare a pack lunch for yourself such as chicken sandwich, tuna sandwich, tomato and cheese sandwich. One day, you offered to your colleagues to prepare their pack lunch for a 2 euros sandwich. After a year, your pack lunch sandwich preparation for colleagues was a hit and they continuously ordering in your pack lunch sideline business.

From being a pack lunch, you might want to start a sandwich fast food restaurant and add a twists. Chef Jon Homemade Sandwich and add to your offerings coffee. The possible location is nearby office buildings. You can start it by yourself and apply the learnings during the pack lunch sideline business.