People automatically assume that owning your own restaurant is one of the coolest and most fun things you can do. It’s a good way to make money and even become famous. However, putting the glitz and glamour aside, it is hard work, long hours and commitment. Let’s look at the common myths that keep popping up and dispel them.
It is fun and games
The restaurant industry is not all fun and games. Yes, you can certainly have fun on the job but to assume that owning a restaurant is only just that, you have stretched further away from the truth. Running your own restaurant means you have to put in a lot of work, the majority of the time. Special holidays like New Year’s, Valentines Day all become work days.
You get rich quick
No you don’t. At least not overnight. Yes, you can earn a lot of money by running a restaurant, but at the same time there are so many overheads and bills you have to settle first. You cannot open a restaurant and not be a part of it, or take a step back and expect to draw a paycheck. You will have to work, whether it is managing, cooking or waiting tables.
You love cooking
Just because you love to cook, a hobby cannot be turned into a living. Although, if you are passionate about cooking you can be inspired by it and turn it into something truly spectacular. However, cooking for family and friends is not the same as you would for strangers who are giving you their hard earned money in exchange for food. First, try your hand at catering for a few parties, and a restaurant consultant will help you get a sense of the restaurant business before you jump right into opening your restaurant.
You are going to be famous
We are all not going to be Gordon Ramsey or Rachel Ray, although it is fun to fantasize about having your own cooking show. In the reality, however, most people get into the restaurant business to make a living. Being famous is not going to happen to everyone. Also, keep in mind celebrity chefs didn’t start out rich and famous, they worked hard to get to the place they are at today.
You get to hang out with your friends
If your only concern is to hang out with your friends, throw a party instead. If you have no idea of overseeing your restaurant business and plan to hang out in the basement with friends, don’t invest so much money in such a venture. If you appear not to care about your restaurant, you cannot expect staff and other employees to care about it either.