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Startup Advantage can help. We provide a restaurant online resource center where restaurant entrepreneurs can find the necessary information, business guidance tools, and product and service referrals that enable the successful planning, start-up, operation, and performance tuning of a full-service specialty restaurant. Do you want to ensure a successful start-up? Restaurants have been said to fail at the rate of 90-95% within the first five years of operation. While the reality may be closer to 27% in the first year of operation and 70% within the first 10 years of operation (according to a study done by Michigan State and Cornel universities), it doesn't lessen the fact that the restaurant business, like all small businesses, is a high risk business. However, regardless of the failure rates, your business can be highly successful, that is, with the right planning, commitment, and execution. Looking to improve your restaurant's profitability? Why is planning, commitment, and execution so important? Because 1) 81% of all small business failures result from areas under the control of the owners or management team and 2) each element can impact the level of creativity, productivity, efficiency, and profitability of your business, which in turn affects the level of your customer's satisfaction - hence your success. Startup Advantage can help you build your business and marketing plans and provide you with indispensable tools and mentoring tips to enable the successful operation of your business. Do you have a business plan and roadmap to success? Startup Advantage offers sample business and marketing plans, templates, and guides to help you build your roadmap to success. We also offer dynamic modeling tools, individually or in bonus bundles. These tools include forecasting tools, operation modeling tools, a robust Frequently Asked Questions (FAQs) section and much more. |
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