Rabbit Hole - Restaurants Part 2

Welcome to The Plan B CRNA Podcast! In this episode, we're delving into the world of restaurant ownership. We'll guide you through the process of getting started, including research and concept development, creating a business plan, securing financing, finding the perfect location, and navigating legal requirements. We'll also cover menu development, hiring and training, and strategic marketing to build a strong brand presence. 

Next, we'll highlight valuable educational resources and networking opportunities such as the National Restaurant Association, the Culinary Institute of America, and RestaurantOwner.com. These platforms offer industry trends, educational programs, and operational tools to enhance your culinary skills and industry knowledge. We'll emphasize the importance of building a network within the restaurant industry for valuable insights and support.

In our final segment, we'll discuss the startup costs and common roadblocks in the restaurant industry. We'll explore the financial investment required and potential challenges such as intense competition, operational complexities, and staffing turnover. We'll wrap up the episode by presenting the pros and cons of starting a restaurant, emphasizing the creativity, independence, and community impact, while acknowledging the high failure rate and demanding hours. Join us to learn how to navigate the exciting world of restaurant ownership on The Plan B CRNA Podcast!

As always here are some links to further your own research into starting your own Restaurant;

• https://home.binwise.com/blog/restaurant-failure-rate#:~:text=The%20National%20Restaurant%20Association%20estimates,within%205%20years%20of%20opening
• https://www.fortunebusinessinsights.com/food-service-market-106277
• https://www.webstaurantstore.com/article/40/how-to-start-a-restaurant.html
• https://www.webstaurantstore.com/article/3/independent-ownership-franchise-pros-cons.html
• https://www.workstream.us/blog/how-to-fundraise-for-your-new-restaurant
• https://www.masterclass.com/articles/types-of-restaurants-explained
• https://pos.toasttab.com/blog/on-the-line/restaurant-failure-rate
• https://www.vettedbiz.com/100-lowest-failure-rates/
• https://www.lightspeedhq.com/blog/franchise-restaurants/
• www.restaurant.org
• www.ciachef.edu
• www.restaurantowner.com

To find out more about investing in multifamily real estate schedule a call at https://www.oncallinvestments.com/

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