If you are planning on opening your own restaurant, then you should begin preparing way in advance. There are a number of things that you can do right now to pave the way for a successful restaurant business, even if you are a long way off from your grand opening day. Here are five things that every restaurant owner needs to do before launching:

Write a Business Plan

This should be one of your first endeavors, as it will be your blueprint when it comes to setting up, running, and growing your restaurant. Your business plan should include a detailed and comprehensive budget, as well as an outline of your marketing strategy, employee network, current and future goals, location, equipment, financing, and more. Make this as detailed as possible, including information about your market, competing restaurants (with the same type of food and without), and typical costs.

Find a Location

As your restaurant location will help determine many of the factors outlined in your business plan, you should shop for a location in conjunction with developing your business plan. Take your time when it comes to settling on a spot for your restaurant, and be sure to research the area for things like traffic, competition, zoning ordinances, signage placement, curb appeal, and visibility. Even things like parking availability will have a huge impact on your ability to do business. If there is nowhere to park, no one will stop.

Arrange the Finances

One of the toughest parts of starting your business will be finding a way to finance it. Not only do you need to be concerned with startup costs, but also with the cost of operating your restaurant until you can turn a profit. Explore all of your options – business loans, partnerships, credit accounts, etc. – and decide which are best for you. Keep in mind your ongoing need for food deliveries (some of which will only accept cash), utilities, and even employee salaries. You’ll also need to make sure you have all the tools you need to operate, especially if your location did not house a restaurant before you. Consider a restaurant POS from Amburapp, new appliances, and whatever else will make your restaurant run as smoothly as you’ve always imagined.

Interview Staff

Your staff will be the backbone of your business, and you need to take your time finding the right staff members for your team. The people in the kitchen, especially, can either make or break your business, so be sure to put plenty of effort, research, and consideration into the sometimes difficult task of hiring restaurant staff. While hiring a few people right out of culinary school may work great for the lighter roles, you’ll want to find someone experienced to serve as your head chef (if you’re not already it).

Practical Matters

Running your own business is going to require a major time commitment; you should expect to work over twelve hours a day if you want to make your business successful. As this will leave no time for holding employment elsewhere on even a part time basis, you will have to have a logistical plan for practical matters (like paying your bills and caring for your children) before you open your restaurant.

As you can see, there is a lot that goes into launching a restaurant, even long before opening day. Be sure to go over each item in this list in order to create your best chances of success in the food service industry.