Is Your New Year’s Resolution To Be A Restaurant Entrepreneur?
The start of a new year is traditionally a time to make a list of one or more new year’s resolutions. Typical resolutions are exercise, lose weight, quit smoking, eat better, travel, save more money, and the list goes on.
If, however, your goal is to become an entrepreneur, a restaurant entrepreneur you need to consider reaching out to someone in the industry that can coach you if you want to turn your resolution into a reality.
You have plenty of support, but you don’t have the knowledge you need.
A business coach or mentor someone who can give you advice and has been precisely at the point you are NOW in your career. A coach can show you how to plan the business goals you’d like to achieve.
A personal resolution startup restaurant coach will assist you in writing out the steps you need to do to make your resolution of starting a restaurant a reality. It’s important to prioritize and have a strong desire to succeed. Starting a business can wear you down when you realize all the things you must do to start and run a restaurant.
You might think that it’s going to cost you enough money to start a business, why hire coach that will cost you more, it won’t if you invest in the right one!
Coaching isn’t free, but if you do invest in one you will avoid the most common errors rookie entrepreneurs make, you will save a fortune in the long run. Essentially, you’re paying a small price to avoid some costly expensive mistakes most coaches have probably already faced.
Don’t get me wrong, learning from your own mistakes is important too. However, those mistakes could jeopardize your restaurant before your doors are even open.
Leading Causes of Small Business Failure:
- Incompetence: 46 percent;
- Unbalanced experience or lack of managerial experience: 30 percent;
- Catchall category (includes neglect, fraud, and disaster): 13 percent; and
- Lack of skills in a line of goods or services: 11 percent.
Startup Finance Statistics
- The vast majority of startup funds (82 percent) came from the entrepreneur himself or herself, or family and friends.
- Seventy-seven percent of small businesses rely on personal savings for their initial funds.
- Forty percent of small businesses are profitable, 30 percent break even and 30 percent are continually losing money.
Just knowing these causes and statistics, you can see why having a startup coach can be an advantage!
If your New Year’s Resolution is starting your first restaurant…give yourself every advantage by having a one on one coach like myself!
If I knew then what I know now, I’d have hired a coach to spare me the frustration and financial hiccups. Utilizing a second set of eyes to eliminate the problem in the first place, versus a slew of screw-ups!
Learning from me, someone who’s been there, you’ll be benefiting off of my hard work.
The best thing about a startup restaurant coach is you have a personalized team of two!
I know the challenges you face as an independent restaurant startup. I’m here to answer your questions, bounce off ideas and give honest and realistic professional feedback.
I’ve been very fortunate to work with some amazingly talented chefs and restaurant owners. This experience led me on my successful journey as an owner, and I want to help you with yours.
Make 2019 the YEAR you start YOUR successful restaurant!