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Entrepreneurship as a career option
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Harlequin and Brine will be a high-end restaurant with a causal atmosphere and live music. The company will be a partnership between my wife and I: Alan and Amanda Hess. The success of Harlequin and Brine will hinge on having strong managers that inspire the staff. We will need an executive chef with a strong background in charcuterie, butchery, and baking. We will also bar manager that is an expert with craft cocktails, craft beer, and wine. Furthermore, we will need a front-of-the-house manager for the dining room, and a stage manager for the live music. Having over 25 years of experience in the food service industry, 10 years in Military leadership, and being certified as an Executive Chef, a Specialist of Wine, and a Specialist of …show more content…
Currently, I am serving in the United States Navy and plan on serving for twenty years in September of 2025. His will allow me to retire with a Military pension and give me an added layer of financial independence to help weather through the any difficult start-up periods. This puts Harlequin and Brine’s anticipated opening at the fall of 2025. Having 8 ½ years before opening, we will be able to perfect our products and services. First, we intend on getting input from focus group through small dinner parties. This can help us create a winning prototype. Once the we are closer to opening and have a clearer understanding of our future customers want, we can operate Harlequin and Brine as a one or two-night pop-up restaurant. This will give us the ability to promote the future business, while also generating revenue and continuing to get needed feedback. Opening a restaurant can be expensive with the current average start costs coming in around half a million dollars. We can expect to reach or exceed those start-up costs due to the higher-than-average cost of living in the Northern Virginia area. The causal environment we seek to portray will mitigate some of these costs, but top notch talent is expensive. We already have some funding, and a few investors, but we will need to get a large amount of financing from other sources. Being a Military veteran, and my wife being a female minority, we are optimistic about getting the small business loans
Stephen Boos has worked in the food service industry for over 30 years. He started as a bus person and subsequently trained as a chef’s apprentice. Steve’s mother believed that a college education was something that everyone should receive. She felt that a college degree was a good investment in Steve’s future. In 1976 at his mother’s insistence, Boos moved to Northeastern Ohio to attend Kent State University where he earned a bachelor’s degree in business administration. After graduation, Steve began working for East Park Restaurant as a line cook. Using his education as a foundation, Steve made a point to learn everything he could about running a restaurant, from cutting meat to the bi-weekly food and beverage orders. His versatility, keen business sense, and ability to control costs resulted in Steve’s promotion to General Manager, as role he has held since 1995.
3-33. While franchise owners must have at least $125,000 of cash available, average startup costs are more then double this amount. What are the most likely sources of funding a franchise?
Richard believes that his vision for the company, a two-tiered concept with a top microbrewery producing fresh, quality beer and a chain of brewpubs, has potential. However, due to the more complex nature of running a restaurant, he believes that the company has yet to figure out how to run its restaurant business profitably.
A restaurant’s success is often dependent on its location. Restaurant’s that are located near other restaurants can enough synergistic benefits due to their location (Parsa, Self, Njite, & King, 2005). However, choosing the wrong location can also spell certain doom for the establishment. In general, restauranteurs must ensure that they are making enough profit to justify the demands put forth by their landlord and the local government. For this reason, the restaurant’s deed or rental agreement is one of the most important document in determining a restaurant’s fate. This paper seeks to examine the issues associated with leasing restaurant property; in particular Harlequin and Brine, an upscale casual restaurant.
a business that I as a business owner would like to establish. My analysis of the potential
The name of my funeral establishment will be Serenity Gates and it will provide commemoration of a person's life and support to the family as they bring resolution and begin to attempt to move forward with their lives. The plan is for my establishment to start out slow and grow from word of mouth advertising from families in the community based on the services rendered to them.
For example the first restaurant presented was linyas , partners Nick Kokonas and Grant Achatz shared a common vision, allowing that vision of the restaurant to be
As my wife and I were pondering about how to meet our financial goals, we started thinking about which businesses we would love to be a part of and Chick-fil-a stood out way above any other. So I told my wife that I would look into Chick-fil-a’s franchise opportunity and I went to the website and learned some more about the company and saw that it would be a great company to be a part of. Especially after finding out the cost to startup. We don 't believe a person should go into great amount of debt to start a business. After letting my wife know what I found, we decided to start the application process online.
The world premiere of Theresa Rebeck’s Seared playing at the SF Playhouse takes place in the kitchen of a small restaurant in New York. Harry and Mike (chef/owner) have a different mentality of viewing things when it comes to the success and running of the restaurant. Harry, who over exaggerates about the food he prepares must meet certain quality standards. While Mike on the other hand worries more about having a successful restaurant that will bring in revenue. Without giving Harry a heads up, Mike decides to bring in a consultant (Emily) to make the much needed improvement and to increase revenue for the business. This could be the beginning of a very profitable business, that’s if Chef Harry can handle the heat. All in all, I would
My new venture is a service that will serve all ages. The service that I am doing is to franchise a Buffalo Wild Wings Grill & Bar to Silver Spring Shores, Florida. Silver Spring Shores is growing very rapidly. Here are a few businesses that are popular in the Shores so far:
The Santa Fe Grill is a relatively new Mexican restaurant that was started by two former business students from the University of Nebraska, Lincoln. The idea sparked after the two roommates who were both interested in pursuing entrepreneurial interests decided that a Mexican restaurant in their city would be highly successful. While taking an entrepreneur class at the University, the plan for the business began coming together. Their main focus was to create a restaurant that would feature the freshest ingredients, as well as a lively atmosphere, cutting edge advertising and marketing, plus exceptional service for customers. (Research Methods, Pg. 19) By doing so, the students hoped that they could fulfill their dreams of ownership.
So, naturally, my first order of business would be giving my community not only a Cottage Inn Franchise, but the only Cottage Inn Franchise in the entire state of Kentucky. For my small town of Carlisle, which boasts a population of around 2,000 people, that would be quite a feat. I have no doubt that our tourism rates would skyrocket after that.
Trade credit (open-book credit), credit cards, and SBA guaranteed loans are all types of funding available for small businesses (Ebert & Griffin, 2005). They will need to compare other sources of funding with the benefits and risks involved with remaining with the rich relative.
The startup capital was limiting to the founders, as the inaugural restaurant covered a meagre 60 square meters with only six tables and basic seafood dishes like hake, calamari, kingklip and prawns. A further hurdle was courtesy of its then landlord, who imposed restrictions on what Ocean
The first step in any business is to think of or create a business idea. Without an idea, one cannot launch their business off the ground. A right direction is needed to create a business with a unique idea. However, other options include franchising or buying an existing business (1). Franchising allows an individual to run stores such as Burger King or McDonalds under the corporate name. It involves taking training classes and a heap of money in order to start a franchise. A Franchisee will have to buy products and services from the corporate entity they are franchising from, which is often required. Buying a franchise is like taking a piece of the pie from the company that is franchising and sharing that pie with everybody else. In addition having a franchise allows one to communicate and in essence become a big part of an added business opportunity (4). Franchising is far from easy to start and maintain for that matter. Starting a franchise involves a l...