Tips on Opening Your Own Restaurant

Portland Daily Sun columnist Natalie Ladd has provided some guidance for people who are considering opening their own restaurant.

The debatable statistic is that nine out of ten restaurants fail within the first year, but just about everyone is enamored with the thought of flitting from table to table greeting guests and chatting about the freshest local ingredients, or hiding in the kitchen to create a favorite recipe for the masses. Many of the dreamers who have romanticized these visions don’t know the first thing about the financial Restaurant Big 3 (food, beverage, payroll costs), or if they do, are unsure how to manage them.