Many people dream of opening a restaurant, seeing it as an opportunity to turn a love for entertaining or cooking into a business. Unfortunately for many restaurateurs, the reality of running a restaurant is not what they expected. Long hours, low pay, and a lot of stress cause many entrepreneurs to close up shop after a few short years. One reason for the high failure rate in this industry is that restaurant owners fail to treat their restaurant as a business from the very beginning. They have no plan to deal with problems and unexpected expenses, and they don't understand the true costs associated with opening a restaurant.
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26+ Business Plan Examples [ Startup, Restaurant, Small Business ]
Opening a successful bistro requires creating a business plan that includes the basic research and planning associated with any business launch married with your unique concept for your eatery. Using free business plan templates available from credible organizations, you can determine how to introduce your idea to your local market in the most profitable way possible. Write the concept for your bistro, which will explain your unique selling differential, value proposition, brand and image in the marketplace. Include your menu, interior design, entertainment and any other aspects of your concept. Ask yourself how people would describe your bistro in one sentence or phrase.