Restaurant Market Research – What are potential competitors doing?Written by Jeremy C Phillips
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to menu. Do they have something for everyone? People generally don’t dine out alone, so if you’re only appealing to a one taste, you’re going to lose a vast amount of potential customers. Carefully study how successful restaurants handle this. Of course if you’re a Cajun restaurant, you’re not going to serve an Italian dish, but you can surely meet everybody’s tastes. Look at husband-wife pairs to see what they order. Don’t just concentrate on main dishes, but entire meal. Sometimes, one of a pair might really enjoy your Chicken Rochambeau, but other doesn’t like Cajun at all. Notice what these people order, as they’re just as important as their partners who enjoy Cajun immensely. These items will often blend into menu quite well as soups or salads, and will most times be a compliment to your main courses. A great fast food example is McDonalds. They realized early on that not everyone wants to eat just hamburgers. They poured massive amounts of money into marketing, and obtaining best quality potatoes for their fries of any of fast food chains. Of course today, you can get just about anything at McDonalds, but early on they were first to scream, “We don’t just have burgers!” and it has worked out well for them. To summarize, find your niche of course, but also cater to as many people as possible, because your niche diners have friends and they want to eat as well! Finally, do not lose heart because there are already five successful restaurants in your area. Remember, when fifth started there were already four, and so on. Find what they don’t do well, that you know you can make your specialty, and you are well on your way to a successful restaurant. Jeremy is a consultant for ACityDiscount, an online restaurant equipment dealer based out of Atlanta, Georgia.
Jeremy is a consultant for ACityDiscount, an online restaurant equipment dealer based out of Atlanta, Georgia.
| | WARNING: The Biggest Lie About Compound InterestWritten by Owen Stobbe
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Now follow me closely on this next point... Who in HECK wants to work for next 40 yrs and has DILIGENCE to continously invest monthly without stopping your contribution or WITHDRAWING any money at all. Listen...The magic on compound interest benefits YOUR BANK. There I said it. YOUR BANK loves compound interest. Guess what they charge you on your mortgage? Guess what they charge you on your credit cards? I would smile if I was bank president to. #1. Today's investors don't have patience to let compound interest work its real magic. #2. The market's haven't been exactly going up in last few years either... So, what can you do to COMBAT lie about compound interest? You can learn TRUTH about making money... (stayed tuned for my next post)
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