It is no surprise to learn that owning a restaurant comes with its fair share of responsibilities that require you to be on your feet. And although it may seem like a dream come true eventually, a restaurant owner initially has to go through several months of constant designing, overlooking and perfecting every little detail that comes hand-in-hand with the project. Often there’s an issue of time constraint that keeps a restaurant owner preoccupied with intricacies. Whether it is sourcing the right ingredients, obtaining too many licences, finalizing a space within your budget to interviewing the right staff – restaurateurs have to consider everything beginning from a pin to piano before taking the right foot forward.
Opening a restaurant isn’t for the faint of heart. It takes a great business plan, patience, a superb menu, and a bit of luck. With more than 60% of restaurants failing within the first year, and 80% failing in the first five years, you want to stay on top of everything you need to know to be successful.