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- Surviving in a restaurant business is an art, not everyone knows how to draw the right marketing plan for making your food outlet successful”
- Restaurant Business in 2020
- Tips for your making your food business successful
Surviving in a restaurant business is an art, not everyone knows how to draw the right marketing plan for making your food outlet successful”
The size and statistics of the U.S. restaurant industry are said to be huge and growing in 2020. The projected sales for 2019 is USD 863 billion in 2019 with 15.3 restaurant industry employees. Isn’t the figure so inspiring and mind-boggling?
Well, the restaurant industry has changed completely over the years in terms of process, operations, accounts, billing, taxes and delivery. The makeover of the industry has been seen in the last 5-6 years, and it has boomed the entire industry.
Restaurant Business in 2020
Like every other business, the food business is also expected to grow huge in the coming years. 2020 is the next big challenge for the food industry owners as this year the digital world will take over in terms of reservations, billing as well as delivery on a larger share than before.
The five important key factors that are driving the food industry owners crazy to enter the market are targeting millennial (age group 20-35), more numbers of options, continuous innovation in the industry, improved and advanced technology, and premium products (increased customer spending on food).
If we talk about developing countries like India, the food industry looks quite promising here too. The increasing numbers of food outlets and consumer spending over the food are the two major reasons that the food industry will rock in India too in 2020. Here are an infographic depicting some important data on the same.
Source: Economic Times
So, if you are looking to be the owner of the next big food chain or startup across any country of the world then you must go through the following tips. Our tips will surely help your food business dream to become successful.
Tips for your making your food business successful
Source: Economic Times
Pick the right theme as per the location of your restaurant
Your restaurant’s location decides the fate of your restaurant. Depending upon the location of your food outlet, you need to determine the theme and the menu pricing. At posh locations, your restaurant menu pricing should be high and at local streets, it should be average. Reversing any of these could affect your restaurant business in the future.
Your restaurant theme should be new or unique. It should not be repetitive or the customers will find it boring to visit your outlet. Adding any new feature or concept to your restaurant can help you to stand from the other competitors.
Having a dedicated Head Chef
A head chef writes the success story of your restaurant. Believe it or not but the head chef manages the taste as well as the recipes to be served at your restaurant. By hiring a dedicated head chef for your restaurant, you get some time to focus on the other activities of your restaurant like the marketing, planning, cost-cutting, etc.
The head chef of any restaurant helps the restaurant owner to get all the staff for the outlet and also helps in designing the menu by picking the chef special recipes. The entire processing is carried out by the head chef and as an owner, you just need to monitor the same.
Bringing in some famous recipes
The famous recipes can help any restaurant to survive even during inflation. Customers love to discover some new as well as old recipes with different presentation or garnishing. You could try the same for making your restaurant famous in the city.
To make your food recipes successful amongst the customers, you can take help of your head chef and appoint some really famous cuisine chefs under his guidance. An experienced cuisine chef knows about the market quite well than a new startup owner.
Keeping some funds in reserve
Capital is the backbone of any business. Having some funds reserved for times of difficulty can help your restaurant to survive in the toughest market scenario. You must always have some good amount of money for surviving during the offseason. Off seasons are always faced by the restaurant industry owners.
Going online for delivery and reservations
Being a restaurant owner, your restaurant must appear in the top food delivery applications in your city. Having your independent food delivery application also help your brand for getting well-recognised. Also, if you are planning to have a chain of restaurants then food delivery application is a must.
These are just few tips that we have discussed for helping your restaurant business to become successful. You can write your food delivery application queries or questions to us by logging on to www.deonde.co.