Welcome back for the fourth installment on how to
properly start a restaurant!
This has been a lot of fun for me to share this
information with all of you and I hope that it has been
helpful in any way you needed it!
This installment will be focused on creating a business
plan for your restaurant!
Enjoy the presentation and be sure to share it with
You can also feel free to share any other ideas with me,
and I may feature them on my site!
Writing a Business Plan
The ﬁrst thing to keep in mind when thinking
about your restaurant's business plan is that the
plan is not set in stone!
There will be room for improvements or changes
at all points during the launch of your restaurant!
You don’t need to be tied down to something you
determined months before when the landscape
may have changed since then
Writing a Business Plan Pt:II
The business plan however is extremely important as it gives
you and massive scope of information to which you can refer to
for any reason!
Your business plan will include information on your customer
base, the area in which you are opening your establishment,
marketing plans, income and expense forecasts, and much more!
Your business plan once completed will give you information to
make conscious decisions and will help you to outline potential
challenges that your restaurant may take on in the future
One of the most important things to get your restaurant off the ground and will
be reﬂected in your business plan, is the funding of the establishment!
You will need to ask and answer questions like:!
how much do I need to get started?!
Who can help me?!
Should I seek out a partner?!
All of these questions are essential to ﬁlling your kitchen with equipment and
food, and having the proper resources in the dining room!
At the end of the day you have a few options to choose from, all have been done
and some make more sense to some rather than others but either way, startup
capital or necessary operating capital is vital to your restaurant launch
Funding Pt: II
Use Your Own Resources!
Ask Family & Friends!
Seek a Partner!
Apply for a Loan
Funding Pt: III
These options are all quite self explanatory, and as I
mentioned some of these options make more sense for
people’s individuals situations than others!
Of course it would be great to have all the necessary
operating capital but sometimes you need to look
The necessary operating capital will be noted in the
business plan as something that will eventually need to
be paid back
Again I hope this information helped you
think about the importance of the business
plan in regards to your new restaurant and
please feel free to contact me with other ideas
or success stories you may have had!
Good luck and keep cooking!
Thank you for viewing and please
check back again soon!