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Startup restaurant business planThere are dozens of statistics from various sources about the failure rate of restaurants.The only thing they agree on is that the vast majority never survive.
There is no point using a plan designed for an accountantsfirm when you are starting a fast food franchise.Plans suitable for Windows users are available as MS Word documents and Excelspreadsheets.
While Excel can be daunting if you are not familiar with it, plans on Excelare often very good to work with. Either number isstaggering for the entrepreneur who is trying to get their dreams off the ground floor.There seems to be three key elements to increasing your chances of survival. There are also exceptions tothe loss ratio for Las Vegas visitors who, on average, lose 97% of the time!There are restaurants who stumble onto the scene and become successful without doingall of the steps above.
Since Excel is one of the best spreadsheet programs outthere it is well worth learning how to use it.Once your free business plan template is downloaded, take your time to look it over soyou understand it. However, of the almost 25,000 restaurants that start in the next fiveyears, you could probably put all the exceptions into one small strip center.

Creating a marketing plan as part of your business plan that addresses more than just advertising.
A cash balance graphclearly shows your financial status while operating ratios allow you to make goodcomparisons of your business efficiency.
Finally you need an executive summary to tie itall together.If youve never made a business plan it may seem impossible.
Matching your location with food and demographic target.A study of failed restaurants will find that all closed because one of these steps wasntdone or even considered as part of the planning process. Fortunately a template willwalk you through the process.While you can make adjustments as necessary, the sooner you start using your plantemplate, the more you will get to know how it works. As you adjust your ideas they willbe reflected in the plan.When your plan is complete you can use it to present your case to possible investors. The facts show very few restaurantfailures are due to bad food.Your business plan is where everything starts.
This should be a working document thatchanges as your ideas, relevant facts and conditions change as you go along.
If you knowsomeday you are going to take the plunge into the restaurant business, start your plannow.

Get an accountant or do diligent research to learnhow to make projections of cash needs.As part of your business plan, a marketing plan should be included. If you think you can compete in the restaurant business with a fewnewspaper ads, you will lose that battle to the chains who have vast regional advertisingbudgets that probably exceeds your entire start up costs. Understanding the completedefinition of marketing is essential to making inroads into the consumers restaurantchoices.Your location is even more critical today than it was when the old trite phrase location,location, location was coined many years ago.
Gas prices and time is at the forefront ofthe consumers mind when making any choices for restaurants and many other services.You not only have to be convenient to your guests, but you have to match your foodconcept to the demographic. Putting a down home barbecue joint in a young trendy urbanlocation where the emphasis is on health foods and exercise is probably a kiss of death.Increase your odds and find a better location.

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