featured3 - 4 challenges facing restaurant entrepreneurs today

4 challenges facing restaurant entrepreneurs today

Being an entrepreneur is never easy. Any kind of entrepreneur. One of the things that help today’s entrepreneurs is the availability and accessibility to technology that enables them to create products or services that have a clear differentiation. The differentiation allows them to get traction slightly easier and also to create entry barriers.

When it comes to the food and restaurant industry, scope for differentiation is quite minimal. Food is a commodity, whether you like it or not. If you don’t have a clear passion for food that drives you to do extensive research to find out gaps in the market or client pain points, you will never find a niche that you can exploit. With that in mind, we bring to you some of the vital challenges facing entrepreneurs in this industry today.

Location location location

We can never stress enough how important location is to a restaurant business. And you would know a good location from its price. A great location warrants higher demand, and subsequently a higher price point. It is basic economics. If you are not buried in wealth, chances are that you need to do vast research to land upon a bargain.

It is never just about the product and/or service

The great thing about any business is that it is predictable for the most of it. You provide a superior product, better service or varying combinations of both, and you are guaranteed success. When it comes to restaurants, unfortunately that is not the case. Beyong offering good food and quality service, you have to be wary of seemingly inconsequential things such as the street in front of you, passenger traffic, decorations and so on.

Financing opportunities

Financing opportunities are quintessential for any business, especially for one as capital intensive as restaurants. Due to their inherent risk, obtaining public loans or private capital to start a restaurant is going to be difficult. You need a comprehensive business plan, connections and vast market research, on top of your own individual experience, to prove your ability to establish a sustainable business.

Seasonal fluctuations

It is frustrating that this business is extremely seasonal. Passenger traffic can vary not just by time of the year, but also within a single day. As a result, labor becomes an issue. You need to strike the perfect balance between full-time and part-time staff. Furthermore, you need to consider also healthcare insurance costs for all staff, regardless of their contract type. It requires an effective data management system and capable analysts to determine with accuracy seasonality in demand.

This post is not meant to be discouraging, but to strike caution into the hearts of aspiring entrepreneurs. As long as you are determined and willing to get your hands dirty, we do believe that it is possible to achieve success in your endeavor. Talk to as many successful restaurant owners as possible and learn the mistakes they made, so that you can avoid them.

featured2 - These 6 wine selections will bring the world at your footstep

These 6 wine selections will bring the world at your footstep

Throughout the ages, man has always had an inclination for good wine. During the time of the Romans, wine was a luxury only the wealthy could afford. However as times have changed, wine has become something of a commodity. So much so that there are tens of millions of brands out there today that manufacture decent wine.

A great wine has a noticeable taste, be it sweet bitter, sour or spicy. The taste is very much essential to the food that you eat. Meat, for example, pairs perfectly with wine as a general concept. The leaner the meat, the lighter the wine that you should consume. It is for this reason that steaks go well with a rich and flavor intensive red wine. If you want to find out about our food menu, click on the below link.
http://www.turnersrestaurantbirmingham.co.uk/a-la-carte-menu.html

We have always believed in selecting the best wine directly from the vineyards and serving it to our clients. A meal is never complete without a selection of delicious wine, as Richard puts it. It was for this reason alone that we brought it acclaimed wine taster and blogger Luiz Alberto to our team. He currently works directly with Richard in the food preparation process to make a thorough assessment of which wine blends perfectly with each recipe that we create.

We have a staggering list of more than 150 wine selections in our current portfolio. Here we present to you the crème de la crème of our list.

Reds

Wildhaven untamed red blend

Vino nobile di Montepulciano

Valserrano Rioja Crianza

Whites

Müller-Thurgau

Madeira (Bual and Malmsey)

Sauvignon Blanc

Rose

Domaine Jas d’Esclans Cru Classé

Baron de Funes Rosé Garnacha 2015

Château Minuty Rosé Et Or, Provence

 

This is simply the top of the icing. Our comprehensive and complete list can be found here. We will naturally recommend the wine that pairs perfectly with the food that you consume.

info1 - These 6 wine selections will bring the world at your footstep

Infographic by: winefolly.com