Restaurant Business

5 Things You Should Consider When Starting A Restaurant Business In Malaysia

Malaysia is a melting pot of cultures, especially when it comes to food. The local culinary talents are a dime a dozen, where many dream of opening their own restaurant. With that said, building a restaurant is no easy task. As eating-out in Malaysia is a common thing, customers are easy to come by – and that means secure revenue. The right restaurant in the right location has a high chance of generating large profits. A business plan is the foundation of any enterprise. A careful analysis will help steer your restaurant on a successful path, ensuring a good return on your investment. If you are thinking of starting a restaurant, café or any sort of F&B outlet in Malaysia, here are a few key aspects you should have a clear vision about. 1. Concept Every business starts with an idea. Co...

Why Malaysian Restaurants Need Inventory Management

Expanding too quickly is a problem with most restaurants. While more business is always great, it is important to maintain what you already have before moving on, especially your inventory. Failure to manage your inventory comes down to those initial stages. When you don’t take the time to sort things out during your developing stages, you are setting yourself up for problems in the future. To prevent failure in this department, here are 3 tips to help you manage your inventory efficiently. 1. Use Automation to Prevent Human Error As humans, we are prone to making mistakes. Even the most meticulous people cannot be perfect all the time. While managing your inventory manually, mistakes and miscalculations are bound to happen. To prevent these mistakes, consider mapping out these items using...

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

Shifting From Online To Offline Retail

Most online small business owners are a little if not very apprehensive when talks of running an offline retail store or brick-and-mortar come around. While opening several store fronts may be a small dip in capital for major online retailers such as Zalora or Fashion Valet, the reality is that it is a costly task for regular businesses. A question arises when a leading e-commerce company expands into physical retail: why? According to the CEO of Powell’s Books, Miriam Sontz says that book-buyers enjoy certain aspects of physical retail that online services are unable to provide. Furthermore, there are some perks associated with brick-and-mortar retail that just doesn’t translate as well on the internet. The web sphere is a fast-paced environment where brands are unable to stand out on the...

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...

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 want to stay. They feel underappreciated For many employees, getting the recognition they deserve for their hard work is almost as important as the paycheck. In fact, in some cases, it may be even more of a factor in their workplace happiness. In studies, many restaurant staff have reported feeling that their best efforts are routinely ignored. 28% of employees shared that their most memorable feedb...

How to Run Your Restaurant like a Successful Entrepreneur

I went through such a long drawn out process before opening my own restaurant that at one point, I thought it was never going to happen! In retrospect, opening a restaurant boils down to 6 factors – significance, location, equipment, hiring, operations and advertising. Looking to run your restaurant like a successful entrepreneur? This article is for you. 1. Starting from Scratch? You will need to find a wholesale food supplier that will meet all of your needs – ingredients, paper towels, toilet paper, soap and all other essentials. Bulk purchases are cheaper and reduces shipping time as well. Or if you are looking into purchasing a franchise, Franchise Opportunities is the perfect search engine for you. Just make sure to have your investment value and selected industry in mind...

A Restauranteurs Guide to Choosing Take Away Disposable Packaging

Want to make sure that your food retains the same taste and quality even after being taken away? Given the prominence of food delivery services like FoodPanda and Deliveroo, making sure the quality of your food is maintained is extremely crucial as a large volume of food is taken away. We know how important it is to provide every consumer with the best dining experience – be it within your own restaurant or in the comfort of their own home. This article will offer you a few suggestions on how to choose your disposable packaging based on what your restaurant priorities the most. 1. Green Packaging Green, biodegradable paper and compostable paper is a hit among green restaurants. It is made of renewable resources that can be easily recycled by your consumers – just make sure to r...

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 delicious”. Because of this, having a business plan is crucial, to ensure that execution of setting up a restaurant transitions smoothly and to also guide a business owner through the entire process.  

Taking Care of Your Restaurant Staff To Offer Superb Customer Service

When running a restaurant, one of the top priorities any restaurant owner should be making sure your customers walk out of your restaurant not only satisfied and satiated, but also wanting more. Customers are your paymasters, and all it takes its a handful of unsatisfied customers to kill your business.  Besides just serving mouth-watering and delicious food, how else can you make sure your customers leave with the intention to return? Well, here’s a not-so-little secret; by offering impeccable customer service!  Training your staff to attend to your customers well with a smile, is a necessity for continued success. So just how do you keep your staff motivated to provide customers with a pleasant dining experience? Having experience in this field, here’s 3 things you as a restaurant owner ...

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 had been so caught up in the day-to-day operations I had neglected the most important aspect of my business; the finances. Being a new business owner, I didn’t know how to handle the daily finances and cash flow of my restaurant. Knowing how to handle and manage your businesses cash flow and finances is important for operations and longevity of your restaurant. A business that’s able to manage the...