Browsing Category New Business Openings (NBO)

Practice Doesn’t Make Perfect

November 20th, 2009 // 3:05 am @ Jeffrey Summers // No Comments

I was re-reading one of the newsletters I subscribe to, on the topic of a restaurant’s life cycle and how after the opening the greatest challenge is to attain consistency by reducing all repetitive job processes to checklists and procedures. I could not disagree more.
You must do those things BEFORE THE OPENING! This is bad [...]

Category : New Business Openings (NBO)

The Real Reason Restaurants Fail

November 20th, 2009 // 3:03 am @ Jeffrey Summers // No Comments

It is not undercapitalization and it’s not the economy. It is “sameness”!
Buildings built the same. Menus taste the same. Employees act the same. Managers manage the same. Restaurants marketed the same. Same programs. Same coupons. Same ads. Same processes. Same procedures. Same interior decor. Same! Same! Same!
What’s the USP in being a commodity?!!
Want to answer [...]

Category : New Business Openings (NBO) & Top-of-the-House

Restaurant design: Fast casuals need more than a good décor

September 7th, 2006 // 9:46 pm @ Jeffrey Summers // No Comments

A restaurant’s interior can enhance a brand and invite customers in, or misrepresent the brand and drive customers out.
If the design does not complement the menu, the look is a lost cause — especially in fast casual. Restaurant consultant Arlene Spiegal believes operators can’t just plop a sofa in a store or create an [...]

Category : New Business Openings (NBO)

Q&A WITH JEAN BERNSTEIN

September 2nd, 2006 // 12:40 am @ Jeffrey Summers // No Comments

Co-founder of the 6-unit Flying Star Café, Albuquerque, New Mexico
How would you describe the cafe?
We’re an everyday place that offers easy access to fine-dining food at a fast-casual price point. Everything is made from scratch—we really care about what our customers put in their mouths. And we’re very product-centric; quality and purity drive our purchasing [...]

Category : New Business Openings (NBO)

For the love of it!

September 1st, 2006 // 2:58 am @ Jeffrey Summers // No Comments

The latest Wells Fargo/Gallup Small Business Index had some real eye openers. Check these out:
- Most Small Businesses start with an average of just $10,000
- Close to three-quarter of businesses (73%) were primarily funded by the owner’s personal savings, while 37% were funded in part by loans and lines of credit.
- Forty-nine [...]

Category : New Business Openings (NBO)

Proposed Regulations Issued for Capitalization of Tangible Assets

August 18th, 2006 // 4:56 pm @ Jeffrey Summers // No Comments

WASHINGTON — The Treasury Department and the Internal Revenue Service issued proposed regulations that clarify the treatment of expenditures incurred in selling, acquiring, producing or improving tangible assets. If adopted as proposed, the regulations should reduce the amount of controversy between taxpayers and the IRS in this area.For many years, there [...]

Category : New Business Openings (NBO)

HOW TO PLAN A GRAND OPENING

July 24th, 2006 // 7:54 pm @ Jeffrey Summers // No Comments

Rock Bottom shares its checklist—and low-cost PR is at the top There’s not a lot of media efficiency in advertising, says Marilyn Davenport, director of marketing for the Louisville, Colorado-based Rock Bottom Restaurant & Brewery. So when she mobilizes her team to open a new location, [...]

Category : New Business Openings (NBO)

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