Articles
How To Choose The Right Business Plan For Restaurant?
by Rehan Shaikh Business ConsultantWhen it comes to choosing the best possible business
plan for restaurant, you should be very careful indeed. Too many restaurant and
hospitality businesses have burnt the fingers of their owners on account of
faulty or possibly misdirected positioning, branding and most importantly, the
failure of the business plan. What is a business plan? This is the basic
blueprint for running the restaurant. This covers everything from the location
of the restaurant (real estate costs), the staff to be employed, the core
concept and specialty of the restaurant, the branding, the marketing and
customer acquisition plan and the running of the restaurant each day in a very
optimized manner so as to lower costs and ensure greater profits.
A business plan
for restaurant also covers expected patron counts, turnover and break-even
points and also emphasizes on getting the best ingredients at the best prices,
daily operational expenditure reduction and turning maximum profits by reaching
out to the maximum number of customers. Having a solid business plan in place
is a must before any restaurant is set up. Many newbies come into this industry
and face trouble due to lack of expert advice. In a competitive global market,
particularly in a city like Dubai, one should always rely on the experts to get
the job done and also when it comes to coming up with a solid business plan.
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About Rehan Shaikh 
Business Consultant
11 connections, 0 recommendations, 52 honor points.Joined APSense since, March 18th, 2016, From Dubai, United Arab Emirates.
Created on Jan 23rd 2018 00:34. Viewed 433 times.
