Forums: Discussions for entrepreneurs and small business.

Hello im an Italian trained chef w/15+ years of exp, and i would like to start a new Small Southern Italian concept in the Baltimore/DC area.

I know my way around the kitchen but im not so good w/ the license issue.

I really need some help , i dont know what step i need to follow before i even consider to invest in restaurant supply..

What license i need , in what order what i need before i find a location and if you know how much$ it would be for all those.

Thank you so much.  

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Hi chico,

It takes a lot more then being a good chef to open a restaurant. The first thing you will want to do is look for investors. Without investors it will be hard to get anything going. Also try to find experienced restaurant owners in your area to network with. One idea is to start your own Food Truck. This is a cost effective and less stressful way to break into the industry. Once you have a Food Truck down moving into your own place could be the next step!

A tremendous number of restaurants fail because the owner did not do the work BEFORE he opened his business. Having an idea is one thing, having a concept that will make money is another. Proving your concept through generating a financial forecast is paramount.  i could go on, however if you do a little reading it will help you immeasurably. Check out these two free handbooks. They will get you thinking and ensure that you stay on course and do not get get "caught up" in the excitement.

http://www.plan2profit.ca/site/freerestaurantadvice

 

http://www.plan2profit.ca/site/howtostartarestaurant

 

Enjoy the read - you'll be done both in less than half an hour each and they will make sure that your business has a good start.

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www.plan2profit.ca

First, what you have to do is think of a good business name and register it. You can also buy a domain name with your name.

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Protect Yourself and Your Business www.registerabusinessnametoday.com

Get industry experience. “Work for somebody else as a first step,” he says. “It doesn’t have to be a good restaurant, or a famous restaurant.” Learn how a restaurant operates – whether that’s cooking, serving or hosting – by working everyday on the floor. - Self Esteem Tips

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Get FREE secret from Self Esteem Tips and Depression. Self Esteem Worksheets - A *36 worksheet FREE to download!

Starting up your own business can be both exciting and financially beneficial! A business plan and investors is a good place to start, along with choosing the perfect name (DBA/ Trade Name) for your business!!  You’ll want to first check the availability of the name you wish to use in the state in which you will do business. This will avoid disappointment if you’re desired name is taken. One way to do this is to go to your state of business and search “name availability”, this service is free. Once you know that the name you wish to use is available you will then want to secure your new name by filing the correct DBA, Inc. or LLC papers with your state. Creating a Corporation or LLC is highly recommended and will provide legal protection of your personal assets. In the unlikelihood that you are sued, your personal assets could suffer. With corporate protection your business will stand on its own, keeping your personal assets protected and untouched. You will also want to get a tax identification number and set up a separate bank account using this number, which will act like a social security number for your business.

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Stacy B
Start a Company Online - Setup Corporation - Form LLC
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