Author: Guo Rong Zheng

6 Facts About Myanmar’s Tycoon “Pepsi” Thein Tun

At 82, Thein Tun is one of Myanmar’s most venerable tycoons. His company Myanmar Golden Star (MGS) is regarded as one of the ten strongest businesses in the country. MGS is best known for introducing Pepsi into the Burmese Market in the 90’s. There are a lot of good take-aways from this down-to-earth businessman’s attitude to life, so here are 6 interesting facts about Thein Tun. 1. A Pioneer Of H...

Make It or Break it in the First 3 Years of Restaurant Business

You may be hesitant to get into the restaurant industry because you have seen countless business come and go over the years. If this resonates with you, as a successful restaurant owner myself that has seen the failings of many cafes and restaurants here in Singapore, I have come up with a comprehensive list of things that will ensure the sustainability of any venture! 1. Choose A Good Location Do...

Why The F&B Industry is Notorious for High Turnovers

The restaurant industry is notorious for having immensely high turnover rates, ranging in the 70 percentile. While employees leaving is an inevitability in the F&B business, there are certain things you can do to keep your staff happy. The first step to decreasing turnover in your restaurant is figuring out why your employees are leaving in the first place. Here are a few reasons they don’t wa...

How To Train Your Restaurant Employees

A restaurant’s employees are integral to its success. Even more important, though, is how management trains its employees. This is because as employees are the face of your business, they’re interaction with customers can make or break your restaurant. Properly trained employees will create an experience for the customer that entices them to come back. Poorly trained employees will cre...

Design a Mouth-Watering Menu with These Bulletproof Tips

Don’t underestimate the importance of your restaurant menu. It needs to be a comprehensive overview of your dishes and be able to communicate how delicious your dishes are, all at the same time. As a restaurant owner myself, I have experimented with different menu formats over the years and have some bulletproof tips to make your menu mouth-watering and your food simply irresistible! 1. Placement ...

Why Having a Business Plan For Your Restaurant is Always a Good Idea

There is much truth to the adage, “if you fail to plan, you plan to fail”. Annually, 60% of restaurants shut business after one and a half years due their inability to recover initial capital or to generate profitability. Many small business owners reported not having sufficient financial planning, or assuming their restaurant business would succeed simply because “customers said our food was deli...

2 Simple Ways to Manage Your Restaurants Finances

I’m going to admit that when I first started running my restaurant, I had zero knowledge in monitoring and managing cash flow. For me opening my restaurant was the end goal. Let’s be honest, deciding on the venue and rent, name of the restaurant, restaurant concept, menu, staffing and hiring, and marketing of the restaurant can be exhausting! A month after opening my restaurant, I realized that I ...