How To Run A Successful Restaurant & Hotel Business

I am a Nigerian who is thinking of starting a Restaurant Business in London..?

I really don’t know which to go with getting a Subway franchise or opening my own restaurant? I know it will cause me more financially to get a franchise with subway but on the other hand I feel it will profit me more in the sense that it’s a brand name which has already been established with a high rate of success. Everyone knows it and any one can eat it. It is open to all culture. Please everyone I really will I appreciate your honest opinion on this issue

As a franchise consultant, one of the most important questions any first-time potential business owner asks me is whether to start their own new venture or to look at franchising. The answer has many components attached to it that need attention. Let’s review some of those considerations.

Starting up a new “mom and pop” type business is statistically very risky. Numerous studies have been conducted on this subject, and the general consensus indicates that 90-95% of new independents fail within two or three years. The steep learning curve that is involved can be a killer all by itself. The few who do succeed in this business model typically have an extremely high level of expertise in their product or service. They’ve “lived it” all their lives.

When it comes to franchising, however, much of the risk is reduced, or even eliminated. Although there are no guarantees, this business model is as close as you’ll come to a guarantee of success. The same studies show that new franchise business startups rarely fail. The reason for this, quite simply, is because the often very long exercise of trial and error has already been done so many times that it’s reached the inevitable point of trying and succeeding. The franchiser has made it through the learning curve and, along the way, has developed the success secrets for that business. Those who fail in franchising almost always were not committed to following the franchiser’s systems. The main reason you buy a franchise is to minimize risk and to set yourself up for success.

Traditionally, in a new startup, independent business, you are almost always operating from a “shoot from the hip” mentality, which can lead to failure. There is no past experience to draw upon, and it becomes challenging to control all aspects of the business.

With a good, successful franchise model, you open yourself up to a deluge of information regarding all aspects of information, including financial assistance, site selection, and a wealth of knowledge from existing franchisees. Also, rapid growth is inevitable with the franchise model, which is only a good thing for a franchisee for many reasons, such as increased name/brand recognition and exposure to national advertising campaigns, which increase sales. Tremendous buying power because of constant expansion is also a major plus.

Of course, the key is to follow the proven system of success, so your creativity can be somewhat lessened. In addition, you will have to pay a franchise fee and an ongoing royality, and your individual ability to make changes to the franchise is reduced dramatically.

To summarize, franchising greatly reduces risk, enables you to follow a proven, successful system, and increases your chances of success in business exponentially.

How To Start A Restaurant Business

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Restaurant Success by the Numbers: A Money-Guy’s Guide to Opening the Next Hot Spot $8.23 Ninety percent of all restaurants fail, and those that succeed happened upon that mysterious X factor, right? Wrong! A man of many hats-money-guy, restaurant owner, and restaurant consultant-Roger Fields shows how a restaurant can survive its first year, based on far more than luck, and keep diners coming back for many years to come. Featuring real-life restaurant start-up stories (including some …

Start & Run a Home-Based Food Business (Start and Run a…) $14.08 Are you one of the many people who dream of making a profit selling your own homemade foods? Now, with this one-of-a-kind, easy-to-follow guide, you can realize your home-based food business dreams! With over 25 years’ experience, author Mimi Shotland Fix takes you step-by-step through the process of starting and running a part time or full time food business. Whether you’ve always envisioned your…

Running a Bar For Dummies $11.55 Have you ever thought of owning your own bar? Did you ever stumble into an overpriced watering hole and think how much better it could be if you ran the place? Or maybe you walked into your dream bar and realized that running one was the dream job you’ve always wanted?With Running a Bar for Dummies, you can live your dream of operating your own establishment. This hands-on guide shows you how…

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Starting a Small Restaurant, Revised Edition – Book $16.95 In this fully updated edition of Starting a Small Restaurant, Daniel Miller offers everything would-be restaurateurs need to know before they decide if the life of a small-business owner is right for them, as well as everything they need to know and do to get a restaurant successfully up and running. It is the perfect guide for the burgeoning entrepreneur as well a great armchair read for anyone interested in the behind-the-scenes action that goes into getting those meals on the table.

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Complete Idiot’s Guide To Starting A Restaurant, 2nd Edition $14.59 The recipe for a successful restaurantnow revised In this revised edition, aspiring restaurateurs will find everything they need to know to open a successful restaurant, including choosing a concept and location, creating a business plan, finding the cash, and much more. New content includes information on tips, tip-outs, and reporting for the entire staff, choosing the best POS system, setting up a bar and managing the wine list, and making the bottom line look good long-term. -Restaurants are a high-risk venture, but starting a bar or restaurant is still one of the most popular new business ventures (Cornell Univ/Mich State) -Overall industry sales are projected to hit $476 billion for 2005, a 4.9% increase -The industry employs a workforce of 12.2 million in more than 900,000 restaurants nationwide (National Restaurant Assn.)The recipe for a successful restaurantnow revised In this revised edition, aspiring restaurateurs will find everything they need to know to open a successful restaurant, including choosing a concept and location, creating a business plan, finding the cash, and much more. New content includes information on tips, tip-outs, and reporting for the entire staff, choosing the best POS system, setting up a bar and managing the wine list, and making the bottom line look good long-term. -Restaurants are a high-risk venture, but starting a bar or restaurant is still one of the most popular new business ventures (Cornell Univ/Mich State) -Overall industry sales are projected to hit $476 billion for 2005, a 4.9% increase -The industry employs a workforce of 12.2 million in more than 900,000 restaurants nationwide (National Restaurant Assn.)

Everything Guide To Starting And Running A Catering Business $6.29 Do you enjoy cooking for others? Is your buffet table a work of art? Are your parties the best in the neighborhood? Then catering may be a great career for you! It’s all here-from getting licenses and choosing the perfect name to developing menus and getting the word out. Seasoned food expert and caterer Joyce Weinberg covers all aspects of the catering business and shares her secrets to success with you, including how to: Choose a specialty-fancy fundraisers, company and family picnics, or romantic weddings Learn the ropes before you start your business Create a marketing plan that gets your company noticed by all the right people Find clients and generate repeat customers The Everything Guide to Starting and Running a Catering Business is all you need to make your passion your profession! Joyce Weinberg is a seasoned food industry professional with twenty years of catering and restaurant management experience. She designed and managed her own acclaimed restaurant and catering company, Beyond Measure, in Philadelphia. She founded New York Food Tours & Events, a Manhattan-based food tour and guided tasting-event business. Ms. Weinberg lives in New York, NY.

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Starting Your Business $8.59 In the hard-fought business world only one new business in 20 lives to see its fifth anniversary. Typical management books do not address the unique nuances of early stage companies. Most entrepreneurial books often profile successful entrepreneurs or companies who are better known which usually includes only the small percentage that achieve stratospheric success. Growing Your Own Business shares the secrets of long-term survival and success detailing practical guidelines and relevant ‘tales from the trenchesâÂ? to help entrepreneurs tackle common concerns and obstacles. A welcome combination of first-person how-to advice and peer mentoring support this comprehensive essential resource book provides sound battle-proven advice for developing effective sales and marketing strategies managing employees and navigating business cycles. Growing Your Own Business continues after the first book Starting Your Own Business. This resource is designed to work as independent resource or integrate into business curriculums.

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Starting an iPhone Application Business For Dummies $11.99 How to create a profitable, sustainable business developing and marketing iPhone apps iPhone apps are hot; the average app is downloaded more than 30,000 times. If you have some great apps in mind, Starting an iPhone Application Business For Dummies will show you how to produce and market them effectively. Starting an iPhone Application Business For Dummies provides clear, reliable business information to help developers and entrepreneurs create a profitable, sustainable business in this new and exciting market. Identifies what goes into a successful iPhone application business Helps you find the market niche your applications can fill, market and promote your business, and build your brand Explains how to develop a pricing strategy, build your applications efficiently, and get them into the App Store Explores finding a sustainable revenue model, including free trials, social media models, ad-based revenue models, and subscription models Demonstrates effective ways to provide service and support to customers Written by a team that combines knowledge of iPhone app development with sound business experience Starting an iPhone Application Business For Dummies can help you turn your ideas into income.

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The Everything Guide to Starting and Running a Catering Business – Book $9.99 The Everything Guide to Starting and Running a Catering Business is all you need to make your passion your profession!

Starting an eBay Business For Canadians For Dummies $23.99 Turn your hobby into a successful career Starting an eBay Business For Canadians For Dummies covers the essentials an eBay user or budding entrepreneur needs to start a moneymaking venture by trading on eBay. Readers will discover not only the essentials of maximizing profits on eBay, but also how to run a smart eBay-based business. Topics include: Setting up basic auctions Building a store Choosing what to sell Setting good prices Stocking your storeroom Dealing with sales taxes Shipping domestically and internationally Canadians selling on eBay deal with many unique concerns which will be addressed in this adapted best-seller.

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Andy the Airedale $19.91 New – Diane Nasgowitz……….Born and raised on the south side of Milwaukee. Wisconsin During my early years my home life was always part of a business, first a candy store and later a restaurant. And there was always a dog, After graduating from art school and starting a job in advertising I married my husband. Life was good. But I was hardly prepared for the change that happened next. We fell in love with a unique old house in an Urban Renewal area that was scheduled for demolition. To make

Complete Idiot’s Guide to Starting a Restaurant $0.99 Used – — The Complete Idiot’s Guide “RM” to Starting a Restaurant provides a strong formula for analyzing the potential business success of your restaurant venture.– Providing a “reality” check, the book helps future restaurateurs, learn how to make orders, check inventories, hire personnel and choose menus.– No branded competition or outstanding titles in the category. This book covers more than one aspect, replacing the need for two or more expensive books.A recent survey by the National Re

Complete Idiot’s Guide to Starting a Restaurant, 2e $3.86 Used – — The Complete Idiot’s Guide “RM” to Starting a Restaurant provides a strong formula for analyzing the potential business success of your restaurant venture.– Providing a “reality” check, the book helps future restaurateurs, learn how to make orders, check inventories, hire personnel and choose menus.– No branded competition or outstanding titles in the category. This book covers more than one aspect, replacing the need for two or more expensive books.A recent survey by the National Re

Cooking With Gas: the Official Guide for Restaurant Startup and Operation $116.47 Used – Luke Saucier’s Cooking With Gas: The Official Guide for Restaurant Start-Ups and Operations is a terrific book for anyone interested in starting a restaurant, and how to best operate a restaurant to avoid the most common pitfalls, and maximize the chances of business success.

How to Establish a Successful Business in Thailand $14.34 New – Designed for anyone thinking of starting or buying a business in Thailand, this guide is full of information on how to run a business in this Asian country. It includes practical tips by successful foreign business people from such different trades as guest house, bar trade, e-commerce, export, and restaurant.

How to Establish a Successful Business in Thailand $30.81 Used – Designed for anyone thinking of starting or buying a business in Thailand, this guide is full of information on how to run a business in this Asian country. It includes practical tips by successful foreign business people from such different trades as guest house, bar trade, e-commerce, export, and restaurant.

How to Establish a Successful Business in Thailand $14.34 Used – Designed for anyone thinking of starting or buying a business in Thailand, this guide is full of information on how to run a business in this Asian country. It includes practical tips by successful foreign business people from such different trades as guest house, bar trade, e-commerce, export, and restaurant.

Restaurant Start-Up Guide $0.99 Used – “The Restaurant Start-Up Guide” offers a practical what-to-do and when-to-do-it plan for getting started successfully in the restaurant business. Beginning at 12 months out, the authors take a step-by-step approach to all the many details of starting and running a restaurant. Anecdotes and tricks of the trade give readers a clear idea of what it takes to operate profitably for the long term.

Start and Run a Profitable Restaurant: A Step by Step Business Plan. $18.11 Used – Every year, more of the family food dollar is spent in restaurants, making the business seem a lucrative one. But a dream of starting a restaurant can easily turn into a nightmare if you aren’t prepared to run a business. This book provides every detail required to start and run a successful and profitable new restaurant. Includes: — Predicting restaurant start-up costs– Creating a menu to guarantee success– Selecting the right location– Setting prices for your menu– Getting a loan o

Starting a Restaurant Business Guide: a Startup Guide With Planning Tips and Business Advice on Rest $279.55 Used

Starting a Restaurant Business Guide: a Startup Guide With Planning Tips and Business Advice on Rest $279.55 New

Starting a Small Restaurant – Revised Edition: How to Make Your Dream a Reality $8.59 Used – The classic book on the subject, first published in 1978, is now revised and updated for the 21st century entrepreneur! This book covers it all-from selecting a location and creating a business plan to managing employees and controlling inventory, and everything in between. It’s the perfect book for the armchair dreamer or the go-getter who has the energy and capital to make it happen.

Starting a Small Restaurant, Revised Edition: How to Make Your Dream a Reality $12.79 New – The classic book on the subject, first published in 1978, is now revised and updated for the 21st century entrepreneur! This book covers it all-from selecting a location and creating a business plan to managing employees and controlling inventory, and everything in between. It’s the perfect book for the armchair dreamer or the go-getter who has the energy and capital to make it happen.

The Complete Idiot’s Guide to Starting a Restaurant $9.48 New – — The Complete Idiot’s Guide “RM” to Starting a Restaurant provides a strong formula for analyzing the potential business success of your restaurant venture.– Providing a “reality” check, the book helps future restaurateurs, learn how to make orders, check inventories, hire personnel and choose menus.– No branded competition or outstanding titles in the category. This book covers more than one aspect, replacing the need for two or more expensive books.A recent survey by the National Res

The Everything Guide to Starting and Running a Restaurant: Secrets to a Successful Business! $29.95 New

The Food Truck Handbook: Start, Grow, and Succeed in the Mobile Food Business $13.55 New – “How to start, grow, and succeed in the food truck business.Food trucks have become a wildly popular and important part of the hospitality industry. Consumers are flocking to these mobile food businesses in droves, inspiring national food truck competitions and even a show dedicated to the topic on The Food Network. The relatively low cost of entry as compared to starting a restaurant, combined with free and low-cost ways to market them to the masses via platforms like social media, are ju

The Food Truck Handbook: Start, Grow, and Succeed in the Mobile Food Business $13.55 Used – “How to start, grow, and succeed in the food truck business.Food trucks have become a wildly popular and important part of the hospitality industry. Consumers are flocking to these mobile food businesses in droves, inspiring national food truck competitions and even a show dedicated to the topic on The Food Network. The relatively low cost of entry as compared to starting a restaurant, combined with free and low-cost ways to market them to the masses via platforms like social media, are j

The Portable MBA in Entrepreneurship Case Studies $39.67 New – This book is a collection of cases about starting and growing new ventures. It deals with entrepreneurs, their opportunities, and the resources they need to create their ventures. Sample case studies include a plan for a health food restaurant, a computer company, a software development company, and a travel agency. Each study takes an in-depth look at the trials and tribulations of starting a business; some case studies conclude with study questions designed to help students analyze the v

The Restaurant Business Start-Up Guide: A Complete Guide to Starting Your Business $75.95 New – Written by specialty food service guru Paul Daniels, The Restaurant Business Start-up Guide is a must for anyone starting a restaurant. Paul has taken his extensive experience in this field and made it available here for the first time. The book connects to a special Internet site where readers can get updates and download specific software that assists users in starting and running a restaurant. There is a CD-ROM available for users that do not wish to access this information via the Inte

The Restaurant Business Start-Up Guide: A Complete Guide to Starting Your Business $18.98 Used – Written by specialty food service guru Paul Daniels, The Restaurant Business Start-up Guide is a must for anyone starting a restaurant. Paul has taken his extensive experience in this field and made it available here for the first time. The book connects to a special Internet site where readers can get updates and download specific software that assists users in starting and running a restaurant. There is a CD-ROM available for users that do not wish to access this information via the Int