Many families have decades-old, treasured recipes that they love to make and share with others. For those who are, or want to be, entrepreneurs, putting these recipes to work by starting a family restaurant may be the ideal business venture. Talk with everyone who will be part of the family restaurant and ask them what they think your focus should be.
Not a bad idea actually, people have to eat and drink! Once you have the systems so buttoned down that they cannot take money from you, they will steal from the tip jar, their co-workers, or your customers. Be prepared, staff are going to be an issue.
These are low-level positions with low pay and the turnover will be high. Many of us run employees on 5-month temporary contracts just so we have no legal labor obligations.
Permanent employees require reporting commitments, withholding, submission of taxes, etc. Plus, you will need someone just to track all this.
I have seen this Way too many times. Your personal tastes might not agree with everyone so it is important to be objective about menu choices.
Definitely not allowed in my restaurants. Plan a menu that does not require exotic ingredients. Also, try to plan around a few ingredients that are used for many dishes. Mexican food is like that. There is always someone on 2-week vacation that will want to have a couple of drinks with the boss regardless of the time of day.
They only have to do this on vacation but you have to do it every day. Thirsty people can drink 5 an hour and keep this up for 4 hours.
Both would be best. I can show you side-by-side bars with one packed and one empty. There is also a restaurant in our area that is really out-of-the-way. The road does not even go all the way there and you would never find it by chance BUT it is always packed.
Another common question I get is: You control the location therefore you control the business. Put all the utilities like phone, water, electric, etc.
When you purchase the equipment and furnishings for the bar, be sure to have the receipts clearly in your name. Get insurance on the contents and have that in your name as well.
If things go really crazy and someone strips the place, you can always charge them with theft.
Make sure you control these. Bank accounts can also be in your name. Have one ATM account for your trusted staff. As much as possible, try to run your accounts through online banking.
This will allow you to track deposits and withdrawals. Set up payments for utilities with auto debit to deduct automatically. Also, set up a private account at the same bank in your name only so you can transfer funds online from the restaurant account to your private one, leaving only enough behind for operating expenses.
You simply take the business license off the wall and hand it to them. That is all they own and can now leave with their part of the business.
Here is where they get into trouble: They are also liable to the Department of Labor for all employee obligations. They will walk away with no job and big troubles! To stay in business, you will need to find someone else, like an employee, to apply for a business permit and reopen the business under the new license.We’ll be talking about the best small business ideas in the Philippines that will be good for and onward.
Hopefully, you can find a good business to start in this post. So enough of the intro thing, let’s start!
Best Small Business Ideas in the Philippines 1. Start an Online Business. How to Start a Business. Opening a Filipino Restaurant. Tips for Creating a Great Filipino Restaurant Business Plan. If done right, a small business startup takes months and months of preparations just to lay the groundwork for the first day of business.
The restaurant business is a competitive industry with many variations. Therefore, it is important to know how to write a business plan for a restaurant or food business.
Bplans offers free business plan samples and templates, business planning resources, How-to articles, financial calculators, industry reports and entrepreneurship webinars.
Use our professional business plan templates to improve your restaurant's business plan. These, and hundreds more sample business plans, are included in LivePlan.
It's the fastest way to create a business plan for your business. Oct 10, · How to Start a Cafe. In this Article: Article Summary Planning Your Small Business Preparing Your Cafe Opening for Business Community Q&A Opening a small, cozy, "cute" neighborhood cafe may be the most common dream of the prospective small 88%(50).