2 answers
Jordan
Student
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Questions
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As a possible restaurant owner what made you take that leap of faith and actually open your business?
#culinary #chef #cooking #culinary-arts #business
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2 answers
Oluwaseyi Popoola
Fashion Designer
3
Answers
Abeokuta, Ogun State, Nigeria
Updated
Oluwaseyi’s Answer
Opening a business can be one of the most difficult things to do in life, there's the fear of the unknown. One thing you have to do is overcome the doubt and fear and then focus on the goal you have set down for yourself and your business. Think about the problem you will be solving by opening your business, think of the countless opportunities that would come your come your way and most especially think about yourself, the joy, the fulfillment you get from doing something that would affect lives positively.
Karl Muchow
Training, Employee Learning and Development
5
Answers
New York, New York
Updated
Karl’s Answer
Hi Jordan,
I am not a restaurant owner, but have spent many years with friends who are in the food business - chefs, owners, food truck operators, etc.. I even considered opening my own fast-casual establishment. My perspective is this: While taking a "leap of faith" is critical, that faith should be based upon an extremely well supported business plan. After all, as you know, opening a restaurant is opening a business. You need a very strong understanding of all aspects of that business: choosing a location based upon solid data, identifying the type of customers you want to service and type restaurant that you want to open, analyzing your competitors, forecasting likely sales, managing costs, establishing and managing a strong marketing plan, etc. Your leap of faith should be fully supported by a very strong business plan.
I am not a restaurant owner, but have spent many years with friends who are in the food business - chefs, owners, food truck operators, etc.. I even considered opening my own fast-casual establishment. My perspective is this: While taking a "leap of faith" is critical, that faith should be based upon an extremely well supported business plan. After all, as you know, opening a restaurant is opening a business. You need a very strong understanding of all aspects of that business: choosing a location based upon solid data, identifying the type of customers you want to service and type restaurant that you want to open, analyzing your competitors, forecasting likely sales, managing costs, establishing and managing a strong marketing plan, etc. Your leap of faith should be fully supported by a very strong business plan.