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Opening a restaurant is exciting, but it’s also an incredibly challenging endeavor, and 60{9111bf363f647add152d55890b932a714619e879dedfb3a84eab2749a6baa157} fail within their first year. To increase your odds of success, let’s look at five steps you can take to open a restaurant.
[Read more: Restaurant Business Guide 2021]
Decide on the restaurant concept
The first step is to pick the concept for your restaurant, and this step is probably also the most fun. Your restaurant concept includes the type of food you’ll serve and the service you’ll provide to customers.
For instance, do you plan to open a food truck or breakfast location? How will you price your meals and who are your target customers?
During this step, you want to be as specific as possible