Requirements for Starting a Restaurant Business Essay

Requirements for Starting a Restaurant Business Restaurant business is the organized effort of an individual to produce and sell for a profit the goods and services that satisfy society needs (Lundberg and Walker 2). To organize a restaurant business, businessman must have to have four kind of resources; material, human, financial and information. These four resources apply for every kind of business no matter what kind of business it is youre going to start. For example in order to start restaurant business under material category it includes equipment tables, chairs and other decoration supply etc. An individual cant run restaurant business because it is a team effort business, which needs†¦show more content†¦There are 600 new restaurants opening every month and over 200 more needed to keep pace with increasing demand. Virtual Restaurant Consultant Company makes both of these above statement. California has one of the biggest diversity of Asian population according to the census 2000. This shows that as population i s growing at the fast rate there is need for new restaurants with increase too. That why it is right time for to open Restaurant. Looking For Money: To start off restaurant business you need money because money is the product through which we are going to purchase materials and generally keep the business operating. There are different sources from which you can borrow money. A. Family or Friends: Borrowing money from family or friends is the cheapest from of borrowing. In order to borrow money from them you have to have your whole plan ready because you have to convince them that your plan is strong and able to pay off their money during the time limit that you are going to fix. For example the owner of the Ahlishan restaurant in Berkeley (C.A) who also borrow little amount of money from his friend said that this is one of the best ways to borrow money for her restaurant. B. Banks: Getting money from the banks is little bit harder because individual have to fulfill their need. The first step in order to apply loan from banks is that you have toShow MoreRelatedWala1046 Words   |  5 PagesA Hotel And Restaurant Management Career Might Be For You Leave a comment  » A career in hotel and restaurant management might be for you if you like to make important decisions, hire staff and run the day to the day operations of your business. It might sound like fun stuff but it is hard work. As a manager, you will be the first one to arrive and the last one to leave. All responsibility will fall on you. 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Furthermore, funding short falls make it very difficult toRead MoreMaintaining Good Government Relations And Business Ethics Essay1167 Words   |  5 Pages5: This week we discussed chapter four: â€Å"Maintaining Good Government Relations and Business Ethics†. This chapter touches upon some of the legal requirements for starting a business, as well as some general legal advice one should consider when starting out. Anyone starting a business should begin by obtaining competent legal assistance from someone familiar with local business laws and regulations. These laws can vary greatly not only from state to state, but town to town as well. The book statesRead MoreIndia s An Exceptional Subject Resort1420 Words   |  6 Pagesonly India s society the place warm cordiality will be an approach from claiming it’s an aggregation What s more custom. It serves a select mouth-watering food during the accepted Traditional Indian Veg. and non Veg. Restaurant. Centrally air moulded for a seating limit. 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The companys claim to fame is their multitude of signature sauces used to create delectable wings to meet the expectationsRead MoreJob Analysis And Talent Management Essay1422 Words   |  6 PagesROYAL BUSINESS COLLEGE Image MARKETING LEVEL – 7 Human Resources Management HRM 7010 Report By Dhanekula Vinay (C2266) SaiRam Koduru(C2275) Simranjeet singh (C2279) Tables of contents Page numbers Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.2 Company overview†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...2 Job analysis and talent management†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.2 Recruiting process†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦