Having their own business is among the usual goals of many of those who work as employees. Not only do you get to be your own boss if you have your own business, there is also a bigger potential for financial freedom. However, an investment in the Philippines such as this does not require that you give up your regular job so you can actually start your own business even while continuing as an employee.
Among the common medium-sized businesses that you can start is a restaurant. There are many different options available if you really want to start your own restaurant. Below is a guide to help you.
- Cuisine. One of the first things you need to decide on is the type of restaurant according to the cuisine it offers that you want to start. Do you prefer a single cuisine such as Japanese, Spanish, Italian, Filipino, or American? Or do you want to offer various cuisines? The key in making the right choice is to choose one that you know well. If you want to offer a cuisine that you do not know much about, make sure that you read up and research on it before making your decision.
- Clientele. Decide on the market that you want to target? This will dictate a lot of aspects of your restaurant such as the interiors and the location. The commercial space for rent that you will get should be located wherever your target market is. If you are targeting the younger generation, look for a spot that is near schools or residential areas. If your target market are the young professionals then you should open your restaurant in the business districts.
- Service. You will have to choose the type of service that your restaurant will offer. Will it be fast food, fine dining, buffet, or a mix of various service styles? This will likewise dictate the price range of your restaurant. Fast food is generally on the lower end of the budget spectrum while fine dining is for the upscale ones.
- Restaurant style. Do you want a café, a pizzeria, an eatery, a delicatessen, a themed restaurant, or a family-style restaurant? There are other options aside from this and your choice will also affect all the other aspects discussed above. Before choosing your restaurant style, visit as many restaurants as you can and try to get a feel of how you want your restaurant to look and feel like.