What Your Restaurant Business Plan Should Include

It seems like the restaurant industry continues to get more competitive every year. How do you keep up? How do you stay relevant? What if you’re just starting out? The first step to any of those questions is to establish an achievable, reliable and simple business plan. When you’re trying to get your restaurant up and running, that can feel like an Everest-sized feat.

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Here are a few tips to help get you started on that business plan:

Decide on a concept:

It sounds like a no-brainer, but coming up with a doable concept isn’t as simple as it sounds. It requires market research, community knowledge and foresight. Will the theme of your restaurant be a specific cuisine? A strong concept includes what type of food you’ll serve, the service type and design elements.

Marketing Overview:

Opening a new restaurant is always risky. You want to prove to investors that you’ve thought everything through and know what you’re getting into. How will you generate interest in your restaurant? What digital marketing concepts will be included? What will marketing look like prior to opening and how will that change once you’re up and running?

Have the Right Tools:

Efficiency, accuracy, safety and waste are all things that will impact revenue. Labor costs and food waste will account for much of your overhead. Finding the right tools to help with all of those things will create positive customer experiences and, in turn, increase your profits. NCCO’s products are designed with that exact purpose in mind so whether you’re using our Date Code Genie, DateIt Food Safety Labels, or GuestChecks, you can expect a quality solution to those potential issues.