Setting realistic goals and market analysis will help you to choose a good restaurant concept , make good business decisions and prevent restaurants failure.
9 from 10 restaurants fail within the first year, myth or truth? Although there is a myth that only 10% of restaurants succeed, the truth is quite different. If you think about opening a restaurant you should know these facts. According to recent studies (done by Professor Dr. HG Parsa) 59% of hospitality facilities fail in the period of 3 years. In the first year, is the highest level of failure, 26%, 19% in the second and 14% in the third year of business. According to him, the myth that 90% of restaurants fail could not be confirmed. “Any model which I used for research, the results of the failure of restaurants have always moved about 55% to 60%. If we compared this research result to other businesses, it is quite prosperous business.”
Selecting the right music for a restaurant or a bar is a real talent. A restaurant should harmonize all elements, starting from interior design, food and beverage offer, quality of wait staff, to of course the music, which is an integral part of the restaurantâ€™s character.
Managing the organization schedule when employees are on vacation, whether itâ€™s previously approved or a sudden absence is always a problem in restaurants. It leads to reduced profit, as well as turnover. Even though every manager thinks he/she has a solution and that any server or cook can be replaced, in the long run this turns out to be a big operational mistake.
Waiters are users who use the POS software the most, and therefore they are the one who often make complains about it s functionality. When I wrote this article I based it on my experience and I would try to portray what should one good fully functional free POS software for restaurant and bars need to provide to waiter.
If you have vision but don’t know how to open restaurant, read this article for restaurant beginners.