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7 Reasons Opening a Restaurant Should Scare You

Chef Steven Howard | Chef's Blade

5. Build Your Model Restaurant

Get out the old Excel spreadsheet or your favorite college ruled legal sized writing pads — restaurants are never successful when drawn out on standard writing pads. List all your gathered information in a monthly and quarterly format and extend for one full year, then multiply the monthly number by 1.5. This will anticipate forgotten or omitted data and predict price increases in utilities and expenses throughout the year. These figures represent your fixed costs for the year.

Sixth Step>>