In the last year and a half since the emergence of the COVID-19 pandemic, business owners—and specifically restaurant owners—have been working incredibly hard to overcome a variety of unique obstacles. As the world is finally starting to regain some normalcy, restaurants are beginning to reopen and thrive once again. Now is a better time than ever for aspiring entrepreneurs to follow their passions and open their own restaurants.
If you’re considering becoming a restaurant owner, it’s important that you’re aware of the numerous tools and resources that are available to you. The sheer amount of detail and planning that goes into opening a small restaurant independently can easily become overwhelming, this is why you need to make the most of the resources that are at your disposal. The following are some great tips for emerging restaurant owners who are looking for some guidance while navigating this process.
Dressing the Part
One of the best ways to get yourself into the mindset of a successful business owner is to dress the part. Your professional wardrobe can have a huge impact on your confidence as a restaurant owner, as well as on how potential lenders view your viability as a borrower, which is why it’s so important to invest in yourself. You want your team to see you as their leader, and your outfit sets the tone for the way your team perceives you. From the clothes you wear to the way you accessorize, your appearance can affect the way you feel and perform in the workplace.
It doesn’t take a lot of money or effort to change the way you present yourself in the workplace. By purchasing just a few high-quality pieces of clothing and jewelry you can completely transform your professional wardrobe. Kendra Scott is a jewelry company that specializes in high-quality, affordable accessories. Their necklace collection is full of fun statement pieces that can help you step up your fashion game. From silver necklaces to yellow gold bracelets, you can have the best of both worlds with their classy, unique, and colorful jewelry.
Finding the Right Investments and Loans
Arguably, one of the most important parts of getting your small restaurant off the ground is finding the right business loans for your needs. Oftentimes, restaurant owners need either short-term or long-term financing options for their initial real estate investment. Whether it’s for the down payment or renovations such as kitchen stations or new toilet partitions, lenders and private investors can help you start your business.
Northwest Private Lending offers a variety of hard money loan options that are especially useful for small restaurant owners and their commercial properties. This type of loan differs from a traditional loan because it is secured by real property as collateral. While these are typically short-term loans, they are a highly beneficial option for business owners in need of real estate financing. Northwest’s hard money loans differ from other traditional lenders because their team of private investors prioritizes the borrower’s needs. Even if you were unable to qualify for other conventional loans, Northwest’s streamlined approval process can set you up with a hard money loan on the same day. Experienced hard money lenders can quickly assess your particular situation and efficiently draw up loan terms that meet a borrower’s exact needs.
Purchasing High-Quality Kitchen Equipment
As a restaurant owner, the quality of the appliances in your commercial kitchen can make all the difference. The way your kitchen looks and operates depends greatly on the type of equipment you choose. In order to set your kitchen staff up for success, you’ll want to invest in the best possible appliances and equipment. Designing a commercial or residential kitchen from scratch can be a time-consuming and overwhelming process, but it doesn’t have to be when you work with the right professionals.
The team of design experts at Kitchen Distributors Denver has decades of experience helping commercial and residential clients design the kitchen of their dreams. Whether you’re doing a property flip or starting from nothing, their interior design team is committed to providing a better experience for their clients. Kitchen design is essential in the restaurant industry, and the pros at Kitchen Distributors can help restaurant owners with every step of the process. Not only can a high-quality kitchen renovation increase the value of the property, but it can also make or break the future success of your restaurant. Your restaurant’s kitchen doesn’t have to conform to the design techniques of traditional kitchens. It should stand out and make a statement about you and your team. With the help of Kitchen Distributors, you can easily create the commercial kitchen of your dreams.
Utilizing Online Ordering Systems
Online ordering has exploded in popularity since the onset of the COVID-19 pandemic. For many restaurants, especially small restaurants, online ordering platforms like Uber Eats, GrubHub, and Postmates have been their lifeline during this time. Without food delivery services and takeaway, the majority of small businesses wouldn’t have been able to stay open. While online ordering tools are convenient for hungry customers and highly profitable for restaurants, utilizing multiple online food ordering systems at once can cause confusion for your team.
Oftentimes, each individual ordering platform requires a separate software deployment and even physical hardware for restaurants to have in-house. With multiple tablets and mobile apps running simultaneously, the flow of orders and customer data can easily become disorganized. Thanks to Cuboh’s online food ordering system integration, this no longer has to be the case. Cuboh’s software solutions consolidate all of your online orders from food delivery services as well as any of your curbside and phone orders. This promotes ease of use for your servers and your kitchen staff.
Online sales are a must for any modern restaurant. With the help of Cuboh’s online food ordering system and POS integration, you can streamline the flow of customer data from a variety of sources. If you currently utilize a food ordering system through your restaurant’s own website, you can still integrate all the major food delivery mobile apps into your operations. Their system also makes it easy for you to implement customer loyalty programs without any loss of customer data. This encourages existing customers as well as new customers to order from your business because they know they’ll be rewarded regardless of which mobile app they choose.