Tag Archive: TJM Properties

Restaurant: The Students Startup

In this era, the youngsters are not behind in any field whether it’s education or business. Everyone wants to reach the top and achieve the highest level of success. It is only possible if you start it properly, have complete supervision and knowledge. Students these days like to start their business after graduating and later on takes it to a higher level. Most of the startups fail after some time because they don’t plan properly. Just investing and starting a business is not an ideal way. There are several factors and strategies you should keep in mind to stay on course.

Restaurant Business

If you are planning to start your restaurant, you must be clear about what you want without a shadow of a doubt:

Decide the type of Restaurant:

When you go out, you see different kinds of restaurants varying from cuisine and targeting different classes. Some restaurants are family based and for elite classes, while others are more of café type. The very first thing is you should ponder upon is what type and concept do you want and then stick with that decision. It will assist you to decide what furthers things do you want like furniture, interior, menu, and themes, et cetera.

Make Business Plan:

The most vital aspect is the business plan, and it’s the base of your company or organization. It holds a significant value as by developing the plan of activities one can see your efforts and agree on giving you funds or investments. Secondly, a business plan helps you to get ready and face your problems beforehand. In addition to that, without a business plan, no financier or bank will trust or give you finance. It provides an idea to your investor that you are doing it the right way.

Select the location:

The next fundamental step for setting up the restaurant business is choosing the ideal location. Perfect location here means the place that is surrounded by the customers or where several folks pass every day. The biggest mistake owners make they don’t keep everything in mind while selecting the location making their business to go in loss. For instance, if you want to target the youngsters then the best place for you will be near to the colleges and universities.

For that purpose, you can consult TJM Properties, a real estate firm owned by Terence McCarthy St. Pete. Recently he bought the Atlantic Club Casino and currently focusing on the restaurant chain building before converting this club to a nongambling facility. That is their second acquisition in this year. Contacting this privately held property estate even get you know-how about your business.

Apply for a permit:

Taking permission from the authorities is a time taking the task. As soon as you select the place, apply for the license and permits as it takes 2, 3 weeks or even a month sometimes. Once you get them only then, you can move further towards your dream restaurant.

Design your Dream Restaurant:

Once you complete all the legal and paper work, you have to design the restaurant. Make sure the design must be according to your concept and type of your restaurant. Several restaurants and café are closed within few months because of their non-professional and congested designs. Your restaurant must have the parking area for your customers, and the interior must be spacious. Utilize your area practically and after proper planning.

Decide the Menu and Hire Staff:

After your building is ready, focus on choosing the menu and hiring the staff. The list must be clear and make sure the dishes you add in your menu are according to the taste of your targeted customers. Secondly, hire an efficient and experienced staff because in starting you have to give your best services to attract more customers.

Promotion and Marketing:

Marketing plays a significant role in the success of the business. It’s a long lasting process that starts from the first development phase and goes on. Properly promote you restaurant even before its launching.