The building blocks of setting up and operating a successful restaurant 

To me, the restaurant Business Model, is the foundation of any good restaurant business, but unfortunately, it is where most seem to fall short. There are myths out there that claim, 60%, 70% some even say up to 90% of restaurants fail within the first year of operation. I have yet to see concrete data on this. Regardless of whether these figures are accurate, any failure is heart-breaking and means someone’s life dream has been shattered. In most cases, this mainly happens because of one or a combination of missteps in the Business Model building blocks.

I cannot tell you how many people I have come across that say “I’m not a numbers person”, “I’m the creative type”.  The more recent one I keep hearing is “I am an entrepreneur, I don’t enjoy diving into the detail”. The bad news is, this is a numbers business and your profits lie in the details. The good news is, these numbers are not rocket science and are easily digestible, which is what I will attempt to do in this series of articles that address the Restaurant Business Model