Pho Restaurant Business Plan
Without a business plan, you have a better chance playing roulette in Vegas
I’ve run into many aspiring pho restaurateurs whose business plan is:
Step 1: open a pho restaurant,
Step 2: sell pho, and
Step 3: make money.
That’s the extent of the plan. The rest is make it up as you go.
Well, this is a "recipe" for trouble. No pun intended.
A business plan is the roadmap for your pho restaurant. You plan your concept, marketing, and operation. You plan your menu, recipe, service, kitchen procedure, and staff management. And you follow it.
The key thing is, a pho restaurant business plan is a living document, and no one is expected to complete it overnight. It can and should be updated as you continue developing and building your new pho restaurant.
I've written a 3-part series on pho restaurant business plan. I hope you find them useful. Check them all out.
Part 1... Pho Restaurant Business Plan, Part 1: What Is It Anyway?
Part 2... Pho Restaurant Business Plan, Part 2: What’s Sexy About It?
Part 3... Pho Restaurant Business Plan, Part 3: The Nuts and Bolts