Youll start by saving or taking a loan for capital, but it is preferable that you save and while saving youll be conducting your own feasibility study to check if your business will be good in that area. Planning is crucial to making sure that your business will be successful.
Food business is really what I have been planning because I have noticed that in my area there are only a few food establishments and I would say that food is not good so having a good quality small restaurant is better both to sell food and to have dine-in customers. It is just a simple restaurant so my capital is small and later on if it is good I will just renovate it to be bigger.
Your plan to open a small restaurant is a good one, and I think you will make a lot of money there if you serve delicious food that will entice customers to leave their current location and visit your shop. However, before you plan to open a restaurant, you should also consider the type of area you want to use because if it's not a good area or somewhere people will want to visit, your market won't look the way you want it to. You can start a number of businesses to generate income and begin investing in bitcoin for future use. For example, you can sell building supplies and clothing items that are necessary for someone to decorate their room. I have seen a lot of people in this industry, and they consistently turn a healthy profit.
Any plan as long as it is related to opening a business, of course I myself support it because it is good for them, they dare to open a business which certainly has its own risks. The business of opening a restaurant certainly has risks because surely later they will have employees who must pay attention to their performance, if they do not pay attention to the performance of their employees there will likely be employees who do not comply with restaurant rules and this will be detrimental to them.
Then again about the location, it seems like what you said he had to choose the location. Make sure to choose a strategic location that is easily accessible to everyone and all circles. Try to design the restaurant as comfortable as possible because it will also make customers feel at home with the existing concept. But there are also restaurants that are ordinary but famous for their very good food, even though the restaurant is simple but with delicious dishes and good service, of course this will be an additional point for customers so that they can come back to the restaurant and buy products that are sold. But what I know nowadays is that many places are simple but have a comfortable concept so that customers come because the concept is cool so that it can make them feel at home to stay at the location even though the dishes are lacking, so if something like this they sell the concept with a side of food and drinks.
However, occasionally even businesses succeed, but this is largely dependent on how seriously you take the business. For example, some businesses will always lose money every day if their owners don't take care of themselves and act humble. Even small profits won't come from these kinds of ventures. Many people start small and go on to become successful business owners today because they know how to manage their businesses. Therefore, I would advise anyone who want to launch a business to make sure they are prepared to assume some risk and to treat business seriously, since it is always a serious endeavour.
Those who open a business must certainly consider everything so as not to harm themselves, but I think someone who will open a business must have considered the future by being ready to accept the risks that exist. Everyone who has a business or who is just about to open a business certainly does not want to experience losses, because basically everyone does not want a loss from anything. But indeed losses will definitely exist, it just depends on them whether they can deal with it well so as not to make their business disappear. Most people I know stop halfway because of the losses they feel even though they have bought or rented land to open a business, of course this is a wasted effort, in my opinion any loss they should be able to deal with it well so that their business is not lost or does not stop halfway.