Restaurant is a good business because everybody will eat. Regardless of what kind of you restaurant you have, you need to manage it well not just the financial aspect of it but also the people, your employees. Learn from your mistake so that when you have your next business you will have the right management and formula.
Earn and invest your money in restaurant today by having a unique kind of restaurant. My friend opened a restaurant with unique food recipe that are not available to other restaurant in our area and very delicious. That is his edge from other local restaurant. Do the same way to excel in this kind of business.
My friend started his business by raising goats to their small farm and honestly today he is involved in livestock business. The point is you have to start doing business. Actually his parent started the backyard goat raising when we were kids and after that they were involved in meat shop business and livestock trading. All of them finished college and help their parent's business.
Yes there is money in livestock business but you must be patient to excel in this field. Earn and invest your money in goat raising because it is cheaper that cow and other livestock. Another advantage is that goat has a higher resistance in diseases than cows and pigs.
Another article that I learned from reading Donald Trump book is to be a financial adviser of your own business. Yes this is true especially if your business is small. Another thing is that who will care most of your own business? It is you of course, people who work with you will care less after all it is not their business. They are there and expect their salaries at the end of the month. They can suggest and you can listen but at the end of the day you have to decide by your own.
Last week I was invited by my friend when he opened his restaurant and I was speechless because he did everything from papers, designing and people management. I told him that he saved lots of money by applying what he learned from traveling abroad. Of course I saw some flaws but I think that can be corrected along the way. By the way he leveraged my money. Anyway he will return it next month and if he offers interest I will take it after all he used it for business. He borrowed money from me three years ago and I did not accept his interest offer, now I will take if he offers to me again.




