Regardless of how you look at the statistics, you might come across the fact that quality statistics for the restaurant industry are hard to come by, about only 30% of all new first-year restaurants close on average. That is why restaurant business owners need the help of an expert restaurant consultant to guide them in every step they take.
Find your niche
Select the market you enjoy and have experience in. If you know all about the burrito business and you know for sure that your burritos are of superior quality, find that great location, know your market, and fill that niche. It's important to minimize competition in your chosen niche, and if you do it right, you can own the entire niche. Sites like the busy bee agency, provide information regarding restaurant business planning.
Have a plan
Pay for a quality business plan and have a qualified restaurant consultant do it. You pay for legal and accounting advice because they are professionals in their industry. The same with your Restaurant Advisor. A business plan is not cheap, but it will guide you on the path to growing your business profitably, and you will find that your business plan will pay off quickly.
Build your team
You need some good players on your team, and the team members include: an accountant with a list of restaurant clients, a banker who understands the restaurant industry, and a restaurant consultant who understands startups. When interviewing your restaurant advisor, know in advance that there is only one proper way to calculate your food and beverage cost percentages.