Wednesday, April 23, 2008

Opportunity. Seizing for one?

"But it's a risk worth taking, because business is booming at the 945,000 individual restaurant locations across the nation. Despite a faltering economy and an increase in wholesale food costs, the restaurant industry cooked up record-high sales of $535 billion across all sectors in 2007, according to the National Restaurant Association. That works out to just under $1.5 billion spent every day by hungry consumers--and there's every indication that the industry will continue to thrive."

This is the current scene at the United States but at the local scene?

There aren't any efficient organization in Malaysia to do a thorough research or survey to know the statistics in details but observe around you, compare 10 years ago and today, do people eat at home more often, or outside?

Admit it, do you like doing the dishes? I don't.

Do you like to stress yourself wondering what to cook for the family? And ensure that each and every member doesn't have any problems devouring your food?

"You know I don't like spicy food... "

"I HATE MUSHROOMS!"

These are a few factors, just to name a few. But mainly, the market is becoming more sophisticated by the day.

"If I can afford it, why not?"

After all, we're encouraged to spend, to keep the economy flowing on a healthy basis. Even tipping is slowly becoming a policy here.

"Westlake Village, California restaurateur, who projects revenue of $30 million for 2008, recommends hiring professionals--including a restaurant consultant, who understands industry policies and licensing, food standards, personnel issues and more. She also recommends hiring an accountant who can handle the books, taxes and bills. Use these professionals only for the services you require. Or, if possible, purchase a package of services to keep your startup costs manageable."

I've yet to find a service that provides a company all the necessary services to start up a restaurant so that equates to a lot of independence.

But not independence in terms of doing all the accounting, stock counting, licensing on my own .. I can if I wanted to, but is it worth the time and effort?

I'm referring to searching and filtering for trustworthy individuals who can and will deliver their duty. Individuals who has high potentials of becoming great business partners and shares the same vision and goal.

Pots of gold are lying everywhere. We can see them and we're digging for them. The only difference is - the time factor.

Much has been said, nothing has been heard so far.

I'll still patiently and diligently search for potential individuals. After all, great partners don't come by easy.

Just a tribute to Ray Kroc, the Father of the Fast Food industry.

He was 51 years old when McDonalds first opened their doors to the public. He was a milkshake machine salesman.

He saw the opportunity when the business was beginning to bloom and catching its pace. Problem is, there was only one restaurant in town.

He approached the brothers and propose the idea of franchising. Soon enough in 2 years time, he has his very own McDonald's restaurant.

However, things wasn't easy for him as the brothers kept requesting to filter through his ideas and systems he wanted to implement. Ray Kroc then decided to buy over the entire company to himself. And true enough he did.

Ray Kroc was a genius in terms of creating a system where diners always have the same fantastic dining experience at McDonald's by ensuring all franchises owns the same facilities and implement the same system. All products will be measured and pricing will be the same.

Today, McDonald's is the icon of the fast food industry, all thanks to Ray Kroc, a 51 years old milkshake machine salesman.

If you're not interested in what I'm proposing, what you can do to help out is by looking around you. Do you have an uncle who has been sharing that he's been looking for opportunities to work out with? Wanting to invest into a highly potential business that will earn millions?

It doesn't matter how old that person is, or who that person is. It's the mindset and passion that counts.



Thanks for your time.

God bless, cheers.

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