Starting A Restaurant

3 Things You Must Know Before Running a Food Truck

One of the quickest way to enter the restaurant business with a low startup cost is by setting up a food truck. Running a food truck business is a lower-cost alternative to your usual brick and mortar restaurant. Similar to operating a traditional restaurant, the marketing, menu, and location are essential ingredients of a successful food truck business. While it may seem and sound easier to set up a food truck business, there are certain things that a new small business owner should be aware of before proceeding to do so. Here’s 3 things every new small business owner must know before deciding to run a food truck. 1. Location is Key One of the best advantages of running a food truck business is having the ability to move around, choosing the best places for foot traffic, and having the fr...

How And Why Young Entrepreneurs Are Starting Food Stalls

Starting a food stall is ideal for young entrepreneurs to gain some business experience without a significant investment. If you are someone with a passion for starting a restaurant, then beginning with a food stall is a good initial venture. Furthermore, it is a clever way to start out humbly and get your brand’s name out. 1. What You Need If you enjoy chaotic hours, changing environments and recipe innovation, then you may be perfectly suited for this. Mostly, you should decide between vending at markets or festivals. The logistics can be very different, so you should tailor your business accordingly. Your working days will mostly be weekends. If you are not prepared to give up those liberties, than consider corporate events or private functions instead. Essentially, planning your busine...

Create An Unforgettable Restaurant Name

Create An Unforgettable Restaurant Name! When starting a restaurant, one of the most important aspects on deciding on your restaurants name! There are many ways to choose a name for your restaurant – from naming a restaurant after a location, encapsulating a theme or simply playing around with words. This name will stick with your restaurant for an indefinite time, so make sure that is both catchy and memorable for your customers to remember. So how do you make sure that it is unforgettable and yet meaningful? Read on to find out the steps and advises I used to determine my own restaurants name! 1. Naming Your Restaurant After Your Location

A Filipino’s Guide to Surviving the First Year of Restaurant Business

I belong to a group of pioneer restaurant owners. Although the restaurant landscape has changed since we entered it, it is still no easy task to open a restaurant and the first year is by far the hardest to survive. These are a few tips that we used to tide over our business in the first year. According to a study by The Perry Group study most restaurants in the Philippines close during their first year of operation. 70% of those that make it past the first year close their doors in the next three to five years. 90% of the restaurants that are still operating past the five-year mark will stay in business for a minimum of 10 years. So as a restaurant business owner, what can you do to reach that 90% group? 1. Think and Breathe Like an Entrepreneur We believe that one thing that many restaur...

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 Don’t settle for less when it comes to choosing a good location for your restaurant. If your restaurant is located in a secluded area and there is a lack of foot traffic, it is very hard for your restaurant to survive in the first place. 2. Get Involved As a restaurant owner yourself, it is vital that you get involved with the operation of your business. Don’t just leave the front end of your busine...

Set Up Your Own Restaurant in 9 Simple Steps

Having set up my own restaurant from scratch and with little help around me, I want to share what I have learnt with future business owners like you. It was not an easy journey but it was one worth taking. These 10 steps will give you a comprehensive overview of the technicalities of setting up a restaurant in Singapore. 1. If You Fail To Plan, You Plan To Fail Come up with a business plan – the more comprehensive, the better. Don’t be lazy to note down all the gritty little details as well about your financial goals, budget, marketing strategy, pricing strategy, daily operations, vendor list, hiring and training rules as well as your standards for customer service. Although this may all be ideals at this point of your operation, having a foundation for your standards and goals is im...