Things to consider before establishing a business???

[ayn]

What are the things you must consider in starting a business? I'm planning to established my own business and I'm planning to establised my own restaurant.

[Addicted]

Well... what capital are you panning to put it.. if it is a good amount then go ahead.. usually buisnesses with low capital fail to give high output.. but you never know... buisness is pure luck

Addicted!

[ayn]

Wow thanks for that idea addicted. But what do you think are the other factors that you should consider before putting a business aside from that capital? Do you have any more idea about it?

[neha]

The future of starting a restaurant looks very bright but there is a high level of uncertainity there.There are no guarantees in this business.The formula for success is quality food, good service and great people. If you follow these simple rules you are bound to succeed.

[goblet]

I completely agree with Neha. Starting a restaurant is indeed a very risky business. Most of them fail miserably in their first year due to lack of proper planning. Its impossible to earn quick money through this business.Its more of a "work hard" for a living kinda business.

[leon]

For starting a restuarant business a proper and organised planning is a must. The investment has to be very high otherwise your business is bound to doom. You might face difficulties initially but later on things will surely simplify. Once the business is established the income will be lucrative.

hi everyone,

Nice to find the interesting place...

Thanks for the useful information, ideas, and links

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Cheers