requires a lot of preparation and

 Hotels  No Responses »
Nov 202011
 

The presence of business sense and acumen is essential while starting a business and becoming a successful businessman, whatever may be the kind of business. The restaurant business too, is no exception to this rule. Consistency and quality are the two most essential things which you should inculcate in yourself, in order to become a successful restaurateur. Your initial days in this business might be very tough or hard, and you may have to face heavy financial losses. The main reason behind this is that you would have to compete with the established and famous restaurants in your locality, with very few resources, employees and capital. Reputation is of prime importance in this business as people prefer to go to only those restaurants which offer quality food and a fair deal for the money spent. Mentioned below are some tips on how to start a restaurant business.

Capital
Initial capital is necessary for restaurant business, as this can be used to set up the basic infrastructure of the restaurant. You can apply for a loan from a bank that has a low rate of interest, which will make your initial journey easy. You can buy useful items like chairs, tables, grocery, kitchen equipment, eatables by using the cash credit facility. Choose a good location for your dream restaurant, which will help to increase your business turnover substantially after a few years. The selected location should be ideally in the heart of the city which will be good for you from the business point of view. It is mandatory to secure the essential permissions and licenses in advance for implementing your restaurant business plan from the concerned government authorities.

Sometimes, starting a restaurant on your own is very tough both – financially and physically. In this case, you can look for a good business partner and have a legal agreement with him which will have details regarding the sharing of the profits and ownership rights of the restaurant. You can also indulge in franchise buying of a reputed restaurant chain. The advantage of franchise buying is that you get guidance from the company and also the established brand name of the company will help you in creating a large customer base for yourself. You can take some useful suggestions from your friends who have their restaurants about how to start a restaurant business.

Designing and Recruiting Staff
Be very particular when it comes to designing the interiors of your restaurant. Have good finishing for the walls and quality flooring such as Italian marble flooring for your tiles. If your budget is high, you can have POP’s and artistic paintings for the walls. The plates in which food will be served should be colorful, nice and attractive. You can have a unique lighting system with round lamps fitted in the ceiling. Have a good menu card and try to make available all those food items which people in the nearby locality like to increase your business. While recruiting employees, be very careful because hospitality and good reception is the key to success in the restaurant business. Train your employees in all the aspects related to the smooth functioning of the restaurant like cooking, serving, receiving guests. You should yourself take keen interest in the designing of your restaurant. Make sure that you are not compromising on the quality of your food as this can drive away your customers permanently. Also, you should avoid looting your customers.

Advertising
Advertising about your restaurant is very essential, at least in the initial stages of your business. People should be aware of what you can offer them and at what prices. All the above mentioned things are vital, if you want to survive in the tough competition in this field. As you see an improvement in your business, change the business strategy and wait for the returns.

You will definitely understand how to start a restaurant business after reading this article. Refer to other sources to collect more information about this very profitable business.

 Posted by at 10:04 am  Tagged with:

Restaurant Start Up Costs

 Hotels  No Responses »
Nov 152011
 

Opening up a restaurant is not an easy job. This is because, there is a lot of planning involved in it. Before starting a business, you need decide on the type of restaurant you would like to open, its location, the type of customer you want to cater to, the volume of your business, the number of staff to be employed initially, kitchen equipment required, the overall ambiance, the quality of food to be served and many more things that will constitute your restaurant. However, I will not go much deeper into the planning, as it is only the restaurant start up costs that will be dealt hereof.

Factors to be Considered Before Starting Up a Restaurant

At the outset, I’ll advise you that, while calculating the restaurant start up costs, always assume that the costs of everything will be higher than what you have yourself estimated and accordingly start looking for startup business financing. Taking this into consideration, the following factors would help you in calculating your restaurant start up costs.

Permits and Licenses: Well, before starting up a restaurant, you need to obtain the necessary permits and licenses. This is an important prerequisite, in order to avoid legal issues. To get essential permits and licenses, you have to pay the government for all the legal charges involved. Therefore, this is the foremost factor, you need to consider in the estimation of your restaurant costs.

Location: Location of your restaurant is the most important factor to be considered, while estimating costs. This is the area, where you will have to spend the most. The location where you are planning to set up your restaurant is important. Locations that have high profile people staying in the neighborhood would obviously be expensive, whereas, a comparatively low profile area would be less expensive. Also, locations in the midst of the city or in the downtown areas would cost you much more, than those in the suburbs. However, it is up to you to decide, which location to choose.

Restaurant Construction: Now, that you have decided the location, you also need to decide on the costs incurred in constructing the restaurant. The amount of construction materials required, the legal permissions involved to construct a restaurant at that place, all form a part of the restaurant construction costs.

Marketing: Market surveys, research and analysis all form a part of the marketing activity and will also cost you. You will have to pay heavily for the service charges, if you give your marketing work to some professional marketing service providers. However, if you do the marketing yourself, it would not cost you as much.

Advertisements: Quite obvious! To increase the popularity of the restaurant you need to advertise it sufficiently. Therefore, cost of advertising, also needs a consideration in your restaurant start up costs.

Restaurant Equipment: This includes purchasing the equipment, instruments, kitchen tools and accessories, furniture, safety measures, interior designing costs, and the installation costs. Decide the quality and jot down a brief estimate of the cost of all these things.

Employee Recruitment and Payments: You cannot go searching for employees for your restaurant yourself . To ensure that you hire the best for your restaurant, you need to contact a local recruitment agency that will shortlist the best people for you. Therefore, the charges of such agencies should also form a part of your restaurant start up costs. Further, employee salaries, incentives and uniforms, also need a consideration.

So folks, I hope after reading this article, calculating the restaurant start up costs will no longer remain a difficult job for you. Before signing off, I would like to say that correct cost estimation, financial planning, proper business handling and most importantly, vision for everything together, make an ideal entrepreneur. So, now go ahead, and see your dream of becoming a restaurateur turn into reality!

 Posted by at 9:59 am  Tagged with:

Difference Between Hotel and Motel

 Hotels  No Responses »
Nov 102011
 

Are you planning to take a vacation to the country side? You are wondering about your accommodation when you are traveling. After a lot of research you have come across the names of some hotels and some motels, but you are now confused and want to know the difference between hotel and motel, so that you can decide where should you make the bookings and be put up?

What is the Difference Between Hotel and Motel

Before we get into the hotel vs motel debate, we will first understand, what is a hotel and what is a motel. This will make the difference between motel and hotel a bit more clear.

Hotel
A hotel is an establishment, which provides for paid lodging for a short duration of time. Traditionally people where provided with a bed, cupboard, a small table and a washstand in a hotel room, but with changing times they also come with modern facilities like en-suite bathrooms, air conditioning, etc. These days telephone connection, television, Internet access are also provided to the guests. If it is a large hotel the guests will also have the swimming pools, restaurant facility, etc. Therefore, normally hotel reviews are checked, before one makes bookings there.

The meaning and the facilities offered in a hotel, however, can change from one country to another. Like in the United Kingdom, the law demands that food be served to guests within stipulated hours, yet there are private hotels, where the rule may not apply. In countries like United Kingdom, Canada, Ireland, Australia and in some parts of the United States, a hotel can also represent a pub or a bar and may not offer accommodation. In India, Bangladesh and certain parts of the Asian sub-continent, the word hotel refers to a restaurant.

Motel
The word motel made its way into the dictionaries after the World War II. It is actually a hotel, that is designed for motorists to take a halt at night and usually have ample parking area for the motorists to park their motor vehicles. ‘Motel’ is a combination of the words ‘motorist’ and ‘hotel’. In the initial days, a motel consisted of a single building with connected rooms, whose doors faced a parking lot and in some cases a common area or a series of small cabins with common parking. The concept of motels started to grow, when the highways system started developing and there came a need for inexpensive hotels, which were easily accessible overnight accommodation close to the main roads.

Difference between Hotels and Motels
The first difference between hotel and motel is in its architecture. They differ in their layout and construction. Hotels normally have a number of rooms on different floors of the structure and have staircases, elevators and internal corridors, which lead to the rooms. However, motels on the other hand have one or two floors, where the guests can access their rooms directly from their parking lot. Hotels offer different luxuries, while motels are more utilitarian.

There is a difference in the number and types of employees employed by hotels and motels. Hotels normally tend to have a large retinue of people, like receptionists, concierges, housekeepers, parking valets, etc. Motels on the other hand employ very few people like receptionists and housekeepers. If the motels are really small, the receptionists may also perform the duties of housekeeper as well. It is natural that the services offered by hotels are much more than motels. Hotel may offer services like restaurant, recreation options, gym, swimming pools, etc. However, motels are traditionally known to offer limited services, but you may come across a few motels, who also have swimming pools, complimentary light breakfast, etc. There are also some extended stay hotels or resorts, where one can stay for more than one or two days.

The most important difference between hotels and motels is in pricing. Normally, hotels are costlier than motels, but if you go to rural areas, then the cost of a cheap hotel, and a motel in an urban area, may be the same. At the same time, one can spend more time in hotels, as they are designed for longer stays. There is a difference between the location of a hotel and a motel. Hotels are normally located in cities, while motels are located in remote areas or on the outskirts.

To sum up the difference between hotel and motel in a single line, we can say motels are hotels located around the highways, where one can spend a night, when one is traveling long distance. On the other hand, one can have an extended stay in hotels.

 Posted by at 9:56 am  Tagged with:
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