It’s really not hard to figure out which franchises are the most successful. You see them advertised everywhere, and cannot drive through a shopping canter anywhere in the UK without passing one or more of them.
Not only do you know who they are, you have probably been in some of them so many times that you know exactly what they have to offer. These franchises, in other words, have succeeded wildly in branding their products. What are they?
Franchise restaurants, of course. Anybody borne after 1955 probably cannot remember a world in which McDonald’s didn’t exist, and they were only the beginning. If you are one of the millions of people thinking about breaking away from the nine-to-five routine and starting your own business, you could do much worse than a franchise restaurant.
Why? Because given the choice of trying to establish a loyal customer base for a new, unfamiliar product of your own choosing, and going with a restaurant franchise with food already familiar and proven to keep the customers coming back, the odds are definitely on the side of the franchise restaurant.
The Franchise Restaurant Business and Thrive in a Specific Location
Hospitality Support, VAT Reduced to 5% plus 50% Customer Discount
Mr Sunak said the move will benefit accommodation in hotels, B&Bs, campsites and caravan sites, while attractions such as cinemas, theme parks and zoos will also see the tax cut.
The temporary VAT cut does not include alcoholic drinks, the Treasury’s “plan for jobs” document said.
Mr Sunak added: “This is a £4 billion catalyst for the hospitality and tourism sectors, benefiting over 150,000 businesses, and consumers everywhere – all helping to protect 2.4 million jobs.”
Here is what some of the best websites are suggesting we should do Post-Lockdown
Run low, mid, and high cash flow forecasts for 25, 50, and 75 per cent of previously forecasted sales
The zero revenue or nominal revenue lockdown period we’re currently in will prove to be much easier to understand than what all of our companies are entering into as the economy comes back to life. As staff is brought back onto the payroll and the operating expenses of the business begin to generate, many of our businesses will go through the highest-risk period of this crisis. Understanding your company's burn-rate and the unit economics of the different scenarios on the front-end will enable proper labour planning.
Tips on Working in the restaurant industry
Whether you want to become a restaurant owner, top chef or the best maître d’, is and will always be hard work, persistence and, what not many people talk about: grit (perseverance combined with passion). Success also requires lots of self-learning: keep up with all trends and always do with excellence what is asked from you in your job.
Want to know the secret to success in the restaurant industry? Read my article on Carbon Free Dining.
What is stress and why are you feeling it?
Only few industries have as much chaotic potential as the restaurant business. There is constant activity, personality clashes and your guests need to be served in a timely and friendly manner. Seems like you will never be able to stop your worries because the bills will still come in, the day will always be 24 hours long, and your job and family responsibility will always follow you.