If it's your first time writing a formal restaurant business plan, it's easy to make mistakes. In the competitive restaurant industry, however, it's good to be as prepared as possible—so here are the pitfalls to avoid.
There is no single right way to do a restaurant sales forecast. The best sales forecast method will vary according to how you manage information, how much past data you have access to, and what special factors drive your business. We'll walk you through an example restaurant sales forecast to help you build your own.
Everything you need to know about how to write a business plan, from the executive summary to appendix. Start writing your business plan today.
As an entrepreneur, you want to know your business inside and out so you can make informed, strategic decisions. To do that, a SWOT analysis is the key. Here's how to perform a SWOT analysis on your business.
Being right on budget is usually a good thing, but good management involves regularly reviewing your budget to check on the timing, efficiency, and results of what your business spends.
You've made the decision to become a solopreneur, and you know exactly what you're going to do. But do you really know if it will work? Having a business plan will help you find out for sure—and a Lean Business Plan is faster, easier, and more effective for a solopreneur than a lengthy formal business plan.
Business planning isn't just a one-time event, and it doesn't have to be overly complicated. We've created a business planning checklist to help make the process easier—no matter what kind of plan you need to write.
To make the best impression on banks and investors, your plan should be presented using the standard business plan outline format. This guide gives you an outline to follow and explains what each section should entail.