Do you love food? So much so that you’ve dreamed of opening your own restaurant, or perhaps starting a gourmet truck? Truth is, it’s a tough business, with lots of room to fail, and more competition than ever before. But if you do it right, the rewards can be rich.
1. Make a plan
It may sound obvious, but an exhaustive, well-thought-out business plan is a must, says Hudson Riehle, senior vice president of research at the United States’ National Restaurant Association.