Owning a Restaurant is a Dream of Many Entrepreneur Food Lovers

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Owning a Restaurant is a Dream of Many Entrepreneur Food Lovers

As a restaurant owner you will get to know a lot of people. It is a very social business, with lots of invitations to special events and private parties. You will be on a first-name basis with people who have power and prestige: the conductor of the symphony, the coach of the football team, the mayor, TV celebrities, and so on. When they are in your restaurant, you are the one they want to talk to. It makes them feel important, so they will seek you out to become your friend. I speak from experience!”Tom Hennessy-25 year veteran of the restaurant business.

Are you serious about starting and developing your own restaurant concept?

A restaurant owner must critically assess where their professional strengths lie.

It takes a very organized and experienced person to successfully own and run a restaurant.

Are you going to be an owner who takes part of the everyday running of the restaurant or hire a manager to run the restaurant for you, while you remain behind the scenes?

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If you want to be part of the everyday running of the restaurant are you capable of  balancing your responsibilities to your patrons, employees and investors if you have them?

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A restaurant owner may or may not have culinary talent. 

Culinary skills are nice but not prerequisites as long as a restaurant owner has talent at hiring a skilled chef to make their restaurant vision come true.

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Owners may prefer to be very hands-off, instead letting the kitchen run itself if the owner and chef have a strong and trust-based working relationship.

As long as the owner has a skilled chef and appealing menu, they have a business that will likely experience consistent sales.

Even though going out to eat isn’t a necessity for everyone, a restaurant does sell a product that is always in demand – food.

A restaurant owner who has a liquor license is also at an advantage, since wine and liquor are also in-demand products.

Owning a Restaurant is a Dream of Many Entrepreneur Food Lovers

The duties of a restaurant owner are far greater than almost any worker in the foodservice and hospitality industry, according to the U.S. Bureau of Labor Statistics.

They need to decide whether or not to do certain jobs themselves, or hire other people to do them. Even if a restaurant owner is multitalented, they need to know when it is possible to do things and when to ask for help.

No matter how many managers are hired to run a restaurant efficiently, the financial management is typically the sole responsibility of the owner. 

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Regardless if an owner is in the kitchen or not a restaurant owner is responsible for all financial decisions regarding the restaurant.

They also oversee building repairs and hiring the right company or person to make those repairs.

Owner’s will be responsible for ensuring building maintenance is upheld,  broken windows, plumbing problems, equipment  breakdowns, and issues that can prevent the business from opening up and running. The owner generally is the go-to person to ensure problems are fixed the fastest manner.

All things considered, a restaurant owner’s job can be as large or as small as a restaurant owner wants it to be.

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Owning a Restaurant is a Dream of Many Entrepreneur Food Lovers

An owner guides the process of opening and maintaining a restaurant from the very beginning, starting with the concept.

Restaurant owners can control or assist with the menu, theme, ambiance and design of the restaurant.

The owner must decide on a marketing strategy to bring in patrons.

He must also keep up with health code and food handling requirements.

In some cases, the owner also acts as the manager of the establishment, which includes hiring employees, ordering food and managing the finances.

I hope this post gives you an understanding of what a Restaurant Owner is responsible for and if you’re prepared for the challenges in order to make your restaurant a success.

Owning a restaurant is a big responsibility, but it can be a rewarding one! as well.

If the customers are satisfied, not only will they come back, but they will invite and tell others! 

Being hospitable, providing a customer-friendly atmosphere is one the most important duties of being a restaurant owner.

Owning a Restaurant is a Dream of Many Entrepreneur Food Lovers

Believing in yourself is at the top of the list!

A little town in Iowa is home to an unexpected eatery!

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