https://thenxtstop.com/products/mens-bamboo-travel-t-shirts-liftoff-crewneckFor restaurant owners, there’s no taste sweeter than that of success. What’s better than whipping up the perfect business model and then executing it to perfection to suit the entrepreneurial palate? The only thing better than being the best restaurant in town is duplicating that success at the national and global levels.
Running a national chain is a tremendous step from starting locally. You have to manage funding, building, staffing, and customer experience all around the country! Growth is daunting for any business owner, but entrepreneurs in a service-based industry like the restaurant business face greater pressure to provide the same great experience in every market in which they operate. While there isn’t a 100% guarantee model for national success, the following tips will help you avoid some growing pains.
You’re going to need a bigger budget.
The most critical ingredient to successfully expanding your restaurant is funding. You succeeded at your first eatery because you provided excellent food, great service, and an atmosphere that your patrons love. The key to your success as a national restaurant chain depends totally on your ability to duplicate in other cities what you accomplished with your first establishment and improving on your original business model.
Every restaurant you build around the country has to be just as wonderful as the one where it all started. You can probably see the zeros multiplying like rabbits as you tally up the cost of breaking ground on new restaurants around the United States, but you can get financing for your restaurant equipment to help lower the costs.
From Boston to Seattle restaurant equipment financing is the most popular way for restaurant owners to outfit their eateries. Don’t let stress over how to fund your dream turn it into a nightmare. The Restaurant Warehouse has durable, first-class restaurant equipment at low prices. Qualified applicants also can get a low down payment as well as equipment financing for an affordable monthly payment on their equipment lease.
You need a budget for travel.
As new restaurants bearing your name begin to pop up all over the country, you’ll learn very quickly that while you can’t be everywhere at once, you’re going to have to go everywhere — and more than once. Opening new restaurants around the United States will require you to rack up the frequent flyer miles pretty quickly.
Zipping across the country on a frequent basis gets expensive fast, so you need to plan your trips well ahead of time and maintain a budget just for travel. Depending on what your working capital looks like, you may even have to fly some of your senior team members around the country as well and with how life is set up, you won’t always have the luxury of planning ahead. Having a well-endowed travel account is a must for any national business, but this is exponentially more true for service-based businesses.
Also, a friendly traveler’s tip: you’re going to need to step up your wardrobe so you’ll have clothing fit for every climate and season. If you have restaurants in different regions, then you need a balanced mix of warm coats and lightweight shirts for travel. You don’t wanna get caught dressed out of season. A lightweight travel shirt will be more comfortable for you on the plane, and it can double for a long sleeve or short sleeve dress shirt for the big restaurant opening when you arrive. Definitely include a budget line for the best travel clothes so that you can dress for both success and comfort.
Hire an administrative team to help with the heavy lifting.
With having to deal with everything from business travel to equipment purchases, you’re going to need a strong organizational infrastructure, meaning the right people. To build a national restaurant chain that can succeed in every market, your leadership has to operate your various restaurants around the country with the same fervor you put into your first successful restaurant.
It would be smart to get help with employee recruitment from college placement offices and recruiting firms. For attracting professional chefs and business administrators in different cities, outsourcing your recruiting and building relationships with career placement admins at various colleges are great ways to create talent pipelines. With restaurants in so many different locations, you’ll need a steady influx of bright recruits.
Read Also:Tags: National Chain , Restaurant Chain