by Admin | Jul 26, 2017 | Best Buy Davao
The shifting demographics and the changing lifestyles are driving a surge in food service businesses. Nowadays, busy consumers don’t have the time or the inclination to cook for themselves. They want the fresh flavor of food without the hassle of cooking. In fact, the rising popularity of to-go operations underscores some clear trends in this industry. A lot of singles, working parents and even the elderly people are demanding greater convenience when it comes to dining. Even the most successful operators with the best managerial skills and the best cooking tools and equipment will tell you running a restaurant isn’t a “get rich quick” scheme, but more like “work hard and make a living”. To help you get started with your plans to start your own restaurant, here are some things you need to remember: Knowing Target Markets There’s not a single food-service operation that has a universal appeal. This is a fact that a lot of brand-new entrepreneurs have trouble accepting; however, the reality is that you’ll never capture 100% of the market. When you try to please everyone, you’ll eventually end up pleasing no one. Thus, concentrate on only 5 or 10% of the market that you can get, and you can forget about the rest. Restaurant Service Styles Restaurants are classified into three primary categories: fast-service, midscale and upscale. Fast-service restaurants are more commonly referred to as fast-food restaurants. These establishments offer limited menus of items that can be prepared quickly and sold at a low price. Midscale restaurants, as the name suggests, occupy the middle ground between fast-food and upscale restaurants. They offer full meals... Read more
