Many people want to pursue something where their passion and interests are closely aligned for restaurants, this may translate into how a love for Thai food became a new venture. Not all founders are interested in creating the new Amazon or Facebook. Plainly speaking, a business plan represents the vision of your proposed company. Conceptualizing a well-crafted plan is an excellent idea, especially when you consider that 60 percent of restaurants fail in their first year. We'll take you through some of the finer points behind this endeavor and how you can prime yourself for success. If you're reading this, it's likely that you're interested in operating and managing your own eatery. In this article, we'll try to unearth the practical steps for writing a business plan for a new restaurant. Fortunately, some resources can point you in the right direction we recommend starting by writing a business plan as it brings clarity to your vision. Execution is never a linear path and imposter syndrome is a real phenomenon. The process of taking an idea that's been percolating in your head for a while to an actual, sustainable business isn't easy.
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