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The Growing Restaurant
Industry
• Look at the Handout with Industry Trends
• In the U.S., the restaurant industry employs the second most
employees only behind the government.
• In 2006, estimated sales from restaurants in the U.S. should
reach more than $511 billion.
• The total economic impact of restaurant sales is more than $1
trillion in the U.S., largely because every dollar spent in a
restaurant generates more than two dollars in business for other
industries.
• People Eat Out a lot. It is estimated that of the dollars an
individual spends on his total food consumption – over 50% will
be spent at restaurants by 2010.
The Benefits To You
What is the Allure to this Business?
Whatever it is, it would explain why, even
though they have exciting and glamorous
careers, and all the money they can handle,
so many stars own restaurants.
Being a restaurant owner is all about being
creative and being in charge.
Outline for the Day
1) Introduction by all
2) What are the skills necessary to do this job
successfully
3) Conceptualize, plan and develop your restaurant
4) Writing a good Business Plan (BP), Forming a
company, Build a leadership Team
5) Getting ready to Open
6) Day to Day operations
7) Budgeting for Success
8) Q & A
Skills Needed to own a Restaurant
You must be Organized and Aware
You must be Flexible
You must be Creative
You must have People Skills
You must be Business – Minded
You must be a Restaurant Fanatic
What a Restaurant Owner Does
He/ She does or oversees:
Greeting of guests, accepting compliments and
handling complaints
Staffing of the kitchen, dining room and bar
Working on Promotions and special events
Ordering Food, liquor, beer, wine, general supplies
Dealing with repair and maintenance issues
Doing the daily books and paying bills
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