February 26, 2010, Newsletter Issue #193: Restaurant Management - Avoiding the Pitfalls

Tip of the Week

The best way to ease into restaurant management is to start small, especially if this is your first time owning and operating your own business. There are many reasons why new businesses fail, but one of the top reasons is because people start too big. They get in over their heads, can’t afford what they have, and haven’t planned for the unexpected. Restaurant management is probably one of the hardest types of businesses to run. Think about your favourite restaurant. How many hours is it open during the week? Restaurants don’t operate like banks. They might not open until late morning, but they stay open until the wee hours. When you’re first starting out in the restaurant management game, you’re going to be investing every waking hour into that business. You don’t have to, but if you want to success it’s the only way.

Don’t be discouraged! If you’ve already made it through culinary school, you know what it takes to succeed in restaurant management. Still, it helps to have some insight from someone who’s already made it happen. Keep in touch with college alumni to find out how they succeeded in restaurant management. Ask for advice. Find out what mistakes they made, and what they did right. As a culinary arts student, you probably already understand that team work is what makes it happen. Use a little of that team work attitude to ask for help if you need it. There’s no crime in asking for advice and it just might save you time and money in the long term

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