How To Easily Write A Restaurant Business Plan [Step-by-step] | open a restaurant 2022

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Wilson K Lee - How To Open A Restaurant / F&B Shop

Wilson K Lee - How To Open A Restaurant / F&B Shop

Күн бұрын

⚠️ Subscribe to Wilson's channel - swiy.io/WKLYT
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🚀 FREE COURSE ON HOW TO START A FOOD BUSINESS
[Playlist] Foodiepreneur’s Finest Program - swiy.co/start-FPF-program
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[Playlist] Profitable Restaurant Owner’s Academy - swiy.co/Start-PRO-Academy
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👀 ABOUT THIS VIDEO
If you're starting a small business, startup, or joining the food and beverage industry (cafe bar ice cream shop pizza shop CPG etc), the first thing people will tell is to write a business plan. But what is so important about a business plan? There are several reason: to help you have a clear picture of your business, set key milestones and goals, a plan you can refer back to, and more. Having a business plan is essential to starting a business. Many people make the mistake of skipping this important step and just winging it. In most cases, it doesn't go well if you do that and you set yourself up for a lot of misalignment.
So if you're looking to learn how to write a business plan for your small business, or you're an upcoming restaurant owner looking to learn how to write a restaurant business plan, or on the move to open up a restaurant, keep watching!
Chapters:
0:00 Intro
0:22 Why A Restaurant Business Plan Is Essential
0:30 Reason 1: Raise Funds
1:00 Reason 2: Find A Restaurant Business Partner
1:37 Reason 3: Be Clear How To Build Your Restaurant
2:15 Disclaimer on how to write a restaurant business plan
2:43 Element 1: Your Restaurant Concept
5:25 Element 2: Your Sample Menu
7:15 Element 3: Your Management Team
9:15 Element 4: Your Restaurant Design
11:36 Element 5: Your Target Market
14:38 Element 6: Your Restaurant Location
17:08 Element 7: Your SWOT Analysis
20:03 Element 8: Your Restaurant Marketing Plan
22:08 Element 9: Your Restaurant Financials
26:54 Secret To Building A Profitable Restaurant Business
_________________________
📚 RESOURCES
🛠 Community & Tools
[EQUIPMENT] Tools & software I recommend using -
learnnow.wilsonklee.com/toolsYT
[MARKETING] Learn marketing tricks that McDonalds & Starbucks use - gumroad.com/a/691410035?...
_________________________
👤 ABOUT WILSON:
I’m Wilson, your new food business partner. I’m here to help turn your food and beverage concept into a reality with expert tips & tricks for success.
I have got nothing to sell you as I’ve left the food industry as of 2022.
My videos are based on years spent in the industry building multi-million dollar businesses, including my own international dessert chain (720sweets.com/) with locations spanning the globe. Since my franchise was acquired (2020) it’s been my mission to share this knowledge with people like you who have great ideas, but just can’t seem to break through.
If I did it all with no experience, so can you. I know firsthand the struggles and mistakes most entrepreneurs make, and want to show you exactly how to avoid them.
All that I ask is if you find the content valuable, please smash the LIKE button and consider Subscribing. Share with a friend who can benefit from this so we can continue to spread more positivity around the world.
I’ve helped hundreds of restaurant owners and entrepreneurs create explosive Food & Beverage businesses. You don’t have to take my word for it. I’ve been awarded Top 30 Under 30, Young Entrepreneur of the Year, Top 10 Emerging Entrepreneurs, and recently a Forbes Business Council Member.
Find more great resources, check out www.wilsonklee.com/

Пікірлер: 361
@cateringcoachal
@cateringcoachal 3 жыл бұрын
Here is the list: 1. Concept 2. Sample Menu 3. Management Team 4. Design 5. Target Team 6. Location 7. Swot Analysis 8. Marketing 9. Financials It's impressive how you sharply explained those in less than 30 minutes! This content is noteworthy indeed. ✍ Thank you for sharing, Wilson. 🙏
@dneuman7455
@dneuman7455 Жыл бұрын
if your leasing sometimes you have find a location you believe will fit your clientele. (parking menu kitchen and decor ) then build your business plan around what equipment is already there what can be changed and what you need . hopefully changing very little to save costs but having room to grow in the proper direction . restaurants are so risky because you can have all the best equipment decor and menu, but the wrong location.
@RONNIELA400
@RONNIELA400 Жыл бұрын
Amazing info!!
@thegreenempireevents8873
@thegreenempireevents8873 3 жыл бұрын
This was super helpful.. I started a restaurant b/s in 2018 and it failed within the 1st year I gave up and closed down am learning soo much that I did wrong planning to start one some day I hope and trust that it will work am investing alot of time learning about how to run a successful restaurant business
@rojodiver3344
@rojodiver3344 3 жыл бұрын
Good luck Esther. Sometimes learning what "not" to do is a more important lesson than what you should do.
@nommiem1059
@nommiem1059 3 жыл бұрын
Can you make a video about equipment one needs for a restaurant kitchen
@thapa1266
@thapa1266 3 жыл бұрын
Aside from the equipment you need to create your food item. The 2 most overlooked, expensive kitchen expense is a kitchen hood and a grease trap. If the retail location you are looking at already doesn't have them, you'll end up paying a hefty price to install them.
@kleber28100
@kleber28100 3 жыл бұрын
You have to do your research in dept about what is needed for the kitchen area. Keep in mind the details cause they will drain your money away like silverware, you have to figure out ways not to keep losing then sometimes in the garbage.Also the breakage of plates.
@galaxiegoddess
@galaxiegoddess 2 жыл бұрын
I need this type of video!!
@jaxnaturals
@jaxnaturals 2 жыл бұрын
You need to identify what your theme of the restaurant and what you'll be serving to answer that question. But most staples for a kitchen is a double fryer, flat top, multiple stoves and ovens, grill, mixing equipment, prep tables, ladder racks, fridge and freezers, steam wells for stainless pans, dishwashing equipment, etc......
@goumacheechaimaa112
@goumacheechaimaa112 2 жыл бұрын
You need to indentify the concept first, the customers you gonna deal with. In another way the video maker needs to know you plan first to help you.
@Mikesaxx
@Mikesaxx Жыл бұрын
I really appreciate you for taking your time to explain and educate us on this basic elements. It really helped. I am a student from university of Ghana. I want to have my own restaurant and I have been browsing to learn on how to go about things. Hopefully with time and God I will accomplish this big dream 🎉❤. Love to everyone reading this ❤
@musicmaniam2009
@musicmaniam2009 Жыл бұрын
Had a meeting today with my mentors and your video was a much better explanation regarding "the why and how" to projections. TY much!
@vqbf9583
@vqbf9583 3 жыл бұрын
Hey Wilson great and helpful video. Keep up the great work and thank you!
@thinerj1
@thinerj1 2 жыл бұрын
Thank you for showing this.. Helped me a lot on getting started on my restaurant idea.
@karireyes7603
@karireyes7603 4 жыл бұрын
Thank you, Wilson! I have an assignment due tomorrow for a program I was fortunate enough to be accepted into. We have to present what we think a business plan for a food business should be. This helps me a lot!
@WilsonKLee
@WilsonKLee 4 жыл бұрын
glad to hear it helped!
@jeannemaata5324
@jeannemaata5324 Жыл бұрын
great videos. very informative. i have been watching all your videos repeatedly because they inspired me a lot.
@cassielaynemakeup473
@cassielaynemakeup473 3 жыл бұрын
This video was awesome! Thank you for such detail. ALSO I LOVED that you put up the text pop ups which allowed me to pause the video to think and write down!
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Glad it was helpful! :)
@immanuelaxl696
@immanuelaxl696 2 жыл бұрын
Instablaster...
@jennifermallin3703
@jennifermallin3703 Жыл бұрын
Super helpful …thank you so much ! 🙏🏻🙏🏻🙏🏻
@regieguobadiacpa1869
@regieguobadiacpa1869 2 жыл бұрын
Great video Wilson. That last part is easily the most important. Having good solid well-built realistic financial projections is very important to benchmark your progress when you first start out. You need to know what to remove and what to add in from your menu and from your overall restaurant, and it all goes back to the numbers.
@kimpoypopoy2497
@kimpoypopoy2497 2 жыл бұрын
Thank you very much for creating this video. I was a bit skeptical with our plans in putting up our first restaurant business. It truly is important to write a business plan when starting to create a clearer vision and to be able to discuss it effectively with with whole team. This has been very helpful!
@balex556
@balex556 Жыл бұрын
Hello how is your business growing now
@judithdomingovlogs1711
@judithdomingovlogs1711 Жыл бұрын
Your video is really helpful, easy to understand and inspiring specially for new /aspiring entrepreneur like me. Very well explained. I stumbled on your video trying to search for a business coach for our milk tea business plan here in Italy. Looking forward to hear more ideas and strategies. Thanks so much and more power to your channel.
@user-zi3ml5pc7v
@user-zi3ml5pc7v 29 күн бұрын
Thank you for this wonderfull presentation, it is usefull and iformative mr. Wilson
@tiemposdeneon
@tiemposdeneon Жыл бұрын
This helps so much . Thanks Wilson! all the best;)
@Chefninetyfive
@Chefninetyfive 3 жыл бұрын
The longest video i watched from start to finish. Made me learn a lot 🤙🏻
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Great to hear you learned a lot from this Wayne! Make sure to sign up for my masterclass where I share more gems :P
@chef4208
@chef4208 4 жыл бұрын
Thanks brother your channel has some great playlist!
@WilsonKLee
@WilsonKLee 4 жыл бұрын
Appreciate it! Happy to hear you're getting value from them!
@johntroyplacido364
@johntroyplacido364 Жыл бұрын
Great content very helpful as always. thank you
@dannyown6538
@dannyown6538 11 ай бұрын
I love your videos man very helpful bro
@josephkipkoech5721
@josephkipkoech5721 2 жыл бұрын
This is super helpful! I am from Kenya and I find this useful
@sandeespartydiary987
@sandeespartydiary987 2 жыл бұрын
Thank you so much, been following you just yesterday but I learned a lot, Binge watching your videos. Thank you so much!
@WilsonKLee
@WilsonKLee 2 жыл бұрын
Awesome! Thank you!
@djentledavis
@djentledavis 3 жыл бұрын
Hey Mr. Lee! Thank you so much for making this video! very helpful! Bless!
@WilsonKLee
@WilsonKLee 3 жыл бұрын
You are very welcome! Make sure to join our FB group for more tips and strats!
@courtneyziani6045
@courtneyziani6045 2 жыл бұрын
Thank you for the suggestion of upwork!! I posted a job for my hip, upscale tea &ice cream shop idea and have some of the most exciting offers to make my ideas come to life. I’m so grateful to you and for this channel! ❤️❤️ I’ll let you know how it goes but already it’s so exciting to know all these ideas won’t just stay in my brain!
@dagitadesse5874
@dagitadesse5874 3 жыл бұрын
thank you!!! you helped me a lot with a lot of ideas ,keep the videos coming .
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Thanks, will do!
@thejourney6695
@thejourney6695 3 жыл бұрын
I keep watching all your videos. Soon we will start our business. I keep on watching videos that can help me to start a business, then I accidentally cross in this channel of yours Wilson K Lee - How To Open A Restaurant / F&B Shop which is very helpful. Thank you!
@WilsonKLee
@WilsonKLee 3 жыл бұрын
You got this! Best of luck! Make sure to hop by our FB group community to join other aspiring restaurant owners!
@JoeyVaracalli
@JoeyVaracalli 4 жыл бұрын
Your videos are extreamly helpful I'm currently working on a business plan now for a steak restaurant and Im using your videos to make my business plan
@WilsonKLee
@WilsonKLee 4 жыл бұрын
Glad you found this useful Joey! Where abouts are you planning to open your steak restaurant?
@katherinem3913
@katherinem3913 3 жыл бұрын
I’m planning on Making a Cafe and your videos are very helpful thankfully I’ll save them for the future and do my business plan first
@WilsonKLee
@WilsonKLee 3 жыл бұрын
totally! keep at it and don't let anything knock you down! :)
@prosperthedubaiexplorer8980
@prosperthedubaiexplorer8980 4 жыл бұрын
bro u did a great job on explaining the business plan,You made it easy than i thought great job, keep on the good work, keep more videos coming
@WilsonKLee
@WilsonKLee 4 жыл бұрын
I appreciate that!
@user-pf6xn7ff6e
@user-pf6xn7ff6e 11 ай бұрын
I like it ...I will try to watch this again to learn more
@lindstrom34
@lindstrom34 Жыл бұрын
This is really fantastic! When my chocolate shop is a success because of the foundation you just helped me lay down, you get free chocolate :)
@harshudani4061
@harshudani4061 4 жыл бұрын
This is exactly what I was looking for ! Thanks a lot Wilson!! Great timing! I was literally looking for a video like this! Your way of explaining things is really nice and I loved how detailed this video was. Thanks a lot for sharing your knowledge. You're a great help :)
@WilsonKLee
@WilsonKLee 4 жыл бұрын
you are veryyyy welcome! :) btw, do you mind sharing whats the purpose of the proposal? funding? partners? clarity?
@minhajakthar13
@minhajakthar13 10 ай бұрын
thank you its very usefull
@thapa1266
@thapa1266 2 жыл бұрын
I used quite a bit of Wilson’s knowledge from his Restaurant Academy course and submitted my business loan application last week. Letsss go!!
@balex556
@balex556 Жыл бұрын
Hello have you started up a business though
@nathanjansen6685
@nathanjansen6685 3 жыл бұрын
Wilson K Lee - How, you awesome... I'm so relieved now for gaining the needed information. Appreciate your input. I was oblivion before, right now I'm on par. 👏👏👏
@WilsonKLee
@WilsonKLee 3 жыл бұрын
You are so welcome
@gobbledoggs8402
@gobbledoggs8402 3 жыл бұрын
Your videos are super helpful! Thanks! We are in the recovery stage from the pandemic and are struggling a bit but we will get through. What are your thoughts on combined restaurants similar to KFC/Taco Bell, 31-Flavors/Dunkin Donuts?
@kenho-tingwong4346
@kenho-tingwong4346 6 ай бұрын
Thank you young guy for the tips!
@antoniodossantos5960
@antoniodossantos5960 2 жыл бұрын
Thanks Wilson🌎 Greetings from Colombia. The Venezuelan Immigrant writer 🇻🇪
@titochilibf5039
@titochilibf5039 3 жыл бұрын
Fabulous info!!
@mschmidt9150
@mschmidt9150 4 жыл бұрын
Thanks Wilson, I'm in. I'm in the build out stage for a drive thru coffee/beverage biz, will learn as I follow your posts, thank you..
@WilsonKLee
@WilsonKLee 4 жыл бұрын
Thanks for stopping by! Best of luck with your business. Join our FB group if ya got any more questions
@morganayres2461
@morganayres2461 3 жыл бұрын
Best of luck Wilson is amazing! Lots of great content to learn from here! Let me know if I can help! I worked at Starbucks for over 10 years and now have my own consultancy! Morgan@hospitalityconsulting.co
@visiblebutlost4089
@visiblebutlost4089 3 жыл бұрын
How’s biz going now?
@Zo-hc2fn
@Zo-hc2fn 3 жыл бұрын
I have an idea : it's a new type of restaurants : eating-spots, in an eating-spot, food keeps changing, chefs also rotate, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the customers via a mobile app
@visiblebutlost4089
@visiblebutlost4089 3 жыл бұрын
Zo Wo that’s a great idea, but you need a big customer baseball time and and to handle them you gonna need big area (big area=more land)
@philominantein702
@philominantein702 3 жыл бұрын
Wilson lee i Have been following Your program i absolutely love it and i Love you too Thanks From My Heartbeat
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Thanks for the kind words and for tuning in!
@vempreterrell7825
@vempreterrell7825 8 ай бұрын
Great information!
@Commandersanta
@Commandersanta 3 жыл бұрын
Folks, I've been on YT for some time now and this is hands down some of the best information found to date.
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Appreciate the kind words Santa :)
@coreymuller4666
@coreymuller4666 2 жыл бұрын
Yup. This is a solid concept. Regional comps are SO IMPORTANT. What's your max on selling locally?
@ManuelGarcia-qy6yz
@ManuelGarcia-qy6yz 2 жыл бұрын
Amazing video I learned quite a bit. Brief but VERY useful
@WilsonKLee
@WilsonKLee 2 жыл бұрын
Glad it was helpful! I didn't want to make it an hour long video haha
@aizartist5906
@aizartist5906 2 жыл бұрын
I love your work! Thank you😘
@WilsonKLee
@WilsonKLee 2 жыл бұрын
Thank you! 😊
@jameslogan4993
@jameslogan4993 4 жыл бұрын
Wilson, your video is brilliant! You have an easy to understand style and everything presented is succinct and informative. I am envious and impressed with what you have accomplished in your life so far at such a young age. I am 31 and am in the early stages of planning a beer and restaurant business with 2 close friends in Brisbane, Australia. I am tired of working for the man and want to start the journey of working for me. Your videos are definitely going to be an integral part of this process and my education. PS: when's your ice cream hitting Aussie shores? Cheers! James L.
@WilsonKLee
@WilsonKLee 4 жыл бұрын
Appreciate the kind words James! Best of luck with the new business! Drop by the FB group if you got any questions. What's the ice cream scene in Australia like ;)?
@jameslogan4993
@jameslogan4993 4 жыл бұрын
@@WilsonKLee well it's warm all year round here. The only really good ice cream/gelato business and brand I can think of here is called Gelato Messina which has locations dotted over Australia. Could be a good opportunity post COVID-19. Cheers.
@phallanung6501
@phallanung6501 Жыл бұрын
Thanks again Wilson. Love your videos, and all your great tips. I’m planning on opening a small restaurant in the spring of 23. Do you have any recommendations on where I can get a grant?? I did some research of some but got a lot of mixed reviews😳
@digitalmarketing7247
@digitalmarketing7247 3 жыл бұрын
Thank you for this great video !
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Glad you liked it!
@alemlachang6478
@alemlachang6478 Жыл бұрын
Tq so much u sharing the way😊
@roncustodio1778
@roncustodio1778 4 жыл бұрын
Thanks Wilson for this informative video. How I wish that I could start my own small business because life working abroad is to hard when your children's growing without your presence
@WilsonKLee
@WilsonKLee 4 жыл бұрын
dude - you can do it! keep up the spirits!
@ikanetuk6168
@ikanetuk6168 7 ай бұрын
Awesome video wilson.Great job you are doing.This is really perfect, timely and full of practical insights.Could you help with the template for the Financial Projections? Many thanks once again
@vikrammailapur4364
@vikrammailapur4364 3 жыл бұрын
thank you so much for the insightful content.
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Glad it was helpful Vikram! Are you running a restaurant or starting one soon?
@jaycieespina8787
@jaycieespina8787 2 жыл бұрын
Hey thanks for all these videos! It’s amazingly helpful 🥰 maybe you can also help me to understand which course I should be in coz I’m really into pursuing my college degree. ☺️ I, though own a super small coffee shop now but still struggling with a lot of things. Thanks for your help!
@qianzeng7610
@qianzeng7610 4 жыл бұрын
Awesome overall restaurant business marketing explanation. Ill go try your sweets tomorrow.
@WilsonKLee
@WilsonKLee 4 жыл бұрын
Glad you liked the video!
@philominantein702
@philominantein702 3 жыл бұрын
I really like This Program, Wilson You Are grt
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Thanks for watching!
@JamesCole-dq4qv
@JamesCole-dq4qv 8 ай бұрын
such a great video
@raziakber3710
@raziakber3710 5 ай бұрын
Very good video!👍
@Kodiak727
@Kodiak727 4 жыл бұрын
The special sound effects whenever the tex pop up gives ne a headache.
@WilsonKLee
@WilsonKLee 4 жыл бұрын
We made the switch in our newer videos :)
@Anthony2X19
@Anthony2X19 Жыл бұрын
Facts. Super annoying.
@angelbrown3909
@angelbrown3909 Жыл бұрын
That's why I'm here...to leave an comment about the noise...I'm developing an headache... like I thought he was BANGING ON THE TABLE ...
@bodotrenaud7441
@bodotrenaud7441 Жыл бұрын
Exactly the kind of effect you need to avoid if you wish attack investors, reverse psychology. Showing us what not to do. Could not finish the video
@jennylifeinusa
@jennylifeinusa Жыл бұрын
I agree😂😂
@CCC2010cg
@CCC2010cg 3 жыл бұрын
Thanks this helps alot! Do you got a video how to write a good concept? Cant find it atm. Thanks:)
@mayreacts8030
@mayreacts8030 Жыл бұрын
Thank you dear. God bless you
@nelinekinyuy5256
@nelinekinyuy5256 Жыл бұрын
it is very helpful to me thanks
@britanyahunter9285
@britanyahunter9285 6 ай бұрын
appreciate thank you very much ❤❤❤
@businessguide6219
@businessguide6219 3 жыл бұрын
excted to start my own food business bcos of this video!
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Nice! What type of food business are you thinking of?
@Shujaafarm256
@Shujaafarm256 Жыл бұрын
SWOT analysis is crucial 👌🏾💪🏿
@bintangwanda
@bintangwanda 3 жыл бұрын
Finally found the great mentor on youtube for starting own business. Thank's a lot mate for sharing this!
@WilsonKLee
@WilsonKLee 3 жыл бұрын
My pleasure!
@kmxhlivn
@kmxhlivn 4 жыл бұрын
LOVE Your stuff!! ;-)
@WilsonKLee
@WilsonKLee 4 жыл бұрын
love you! :)
@antoniodossantos5960
@antoniodossantos5960 2 жыл бұрын
Concept.... I have it clearly🌎 Thanks.
@WilsonKLee
@WilsonKLee 2 жыл бұрын
Great!
@Lucern00
@Lucern00 Жыл бұрын
Hey Im chef but I'm done working as chef. I want to have my own place. I'm new to your channel but I'm glad u sharing so much info I'm missing
@balex556
@balex556 Жыл бұрын
well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services
@thejourney6695
@thejourney6695 3 жыл бұрын
Superb. Thank you!!!
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Glad you liked it!
@yasskass89
@yasskass89 3 жыл бұрын
thank you for this, brother. i am currently branching away from the family biz and going solo in the field soon. food for life.
@WilsonKLee
@WilsonKLee 3 жыл бұрын
You got this!
@yasskass89
@yasskass89 3 жыл бұрын
@@WilsonKLee thanks my friend. With Enough hard work and coffee anything is possible
@shanemcconnell9182
@shanemcconnell9182 4 жыл бұрын
Thanks for the video dude. This is great stuff! I really like the detail on planning. You should make some ketogenic sweets for your shop! ;)
@WilsonKLee
@WilsonKLee 4 жыл бұрын
Thanks for watching Shane!
@shanlee6724
@shanlee6724 3 жыл бұрын
Thank you thank you thank you very useful information
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Glad it was helpful!
@Rus7y5hanks
@Rus7y5hanks 2 жыл бұрын
this is a hell of an elaborate hustle to attract your "target demographic" i see what your doin.
@jocelyndaniels1818
@jocelyndaniels1818 4 жыл бұрын
I am very grateful that you made this video. I’ve been having ideas for a 10 year plan on opening my first restaurant. I got a new job as an assistant general manager recently of a quick service ice cream place and realized that I’m taking the steps necessary to make my dream real. I’ve taken all the appropriate notes from this video and it has given me a great starting place. However, I was wondering what the appropriate timeline should be. I chose 10 years because I wanted to pay off some debts and raise my credit. Also after being in this industry for my entire adult life I realized that I needed more experience and reputation. How long would you recommend I plan out before making any big moves? I’m already like 2 years into my 10 year plan.
@WilsonKLee
@WilsonKLee 3 жыл бұрын
It is good that you're adding some management experience to your belt. I would keep at it and dig deeper to understand upper management workings + operations. But understand that no one is ever "ready" to make the big move. It is whether you kick your own butt to make it happen. There will ALWAYS be something you won't have any idea about in business...that is scary and filled with landmines in your path. But it is up to you to fight your fear and SELF that you won't have all the exp and reputation to go through the jungle unscatched. I didn't have any exp. with ice cream when I started. ZERO. My bread & butter was running a tutoring & event business at that time. And even now with 10 years of business exp. I am constantly learning new things that pop up. Things always change. For some, the uncertainty is part of the thrill. Timeline wise....no idea. It's about when are you going to scratch that itch and start is the question you need to ask yourself.
@amberbest7555
@amberbest7555 3 жыл бұрын
Thank you for all of this information! Also, what is the name of the instrumental playing?
@kikipalmer5040
@kikipalmer5040 3 жыл бұрын
I am definitely gonna make a business plan from this video
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Great! Let me know how it goes!
@gifteugene-kalio8875
@gifteugene-kalio8875 Жыл бұрын
This is so interesting
@siennacampbell8765
@siennacampbell8765 3 жыл бұрын
I love the sound effects. They catch my attention, which I’m sure you intended.🕵🏻‍♂️
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Haha you're one of the few that likes it! Thank you for tuning in Sienna!
@JanosFeher
@JanosFeher 9 ай бұрын
Thanks for the video. I think the user survey is only relevant if you want to primarily serve the people of the neighbourhood. If you aim higher, people will travel to your shop and your aim should be an accessible location and a place worth visiting beyond your offering.
@peterxyz3541
@peterxyz3541 4 жыл бұрын
Make sense. I see the flaws in my business plan, I can make it more effective. THANKS 👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼
@WilsonKLee
@WilsonKLee 4 жыл бұрын
Glad it was helpful!
@peterxyz3541
@peterxyz3541 4 жыл бұрын
Wilson K Lee - How To Open A Restaurant / F&B Shop Again, thanks. I was planning (before pandemic) to launch a bubble tea & ramen shop; but, I’d modified the menu to do gyoza before adding ramen to the menu (still need to to research to see if my ideas are sound). Also, I was thinking about a Delivery Only option & just watched your Cloud Kitchen video. 👍🏼👍🏼👍🏼 If I do launch in late summer as planned, I’ll send an invite, were in northern Ohio
@jaxnaturals
@jaxnaturals 2 жыл бұрын
Great information!!!!!!!!!!!!!!!!!!!
@WilsonKLee
@WilsonKLee 2 жыл бұрын
thanks for tuning in James!
@LeeSchmeiderer
@LeeSchmeiderer Жыл бұрын
Great content. Where do you have the Business plan template?
@ShoppingwithRina
@ShoppingwithRina 3 жыл бұрын
Thank u for this
@WilsonKLee
@WilsonKLee 3 жыл бұрын
:)
@shanthi4104
@shanthi4104 3 жыл бұрын
Super cool plan👏👏👏
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Glad you think so!
@robertchambers369
@robertchambers369 3 жыл бұрын
I've been making moves towards opening up a my own Sandwich Deli business. This video clip has been very insightful. I've recorded everything you have said. Thank you I needed this video.
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Glad it was helpful! Best of luck with the deli shop!
@Primusderulo1
@Primusderulo1 3 жыл бұрын
Thank you so much for this. Planning to open a restaurant next 2years. Am going to build my own restaurant already got a land. Appreciate you God bless
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Nice! What kind of restaurant is it?
@dneuman7455
@dneuman7455 Жыл бұрын
It's doubtful they will copy you because your food will be dictated by the location . even If people do copy you food is about the experience you offer in comparison to their budget.
@thomasclaeys9340
@thomasclaeys9340 3 жыл бұрын
Hi great videos Wilson... simple but clear. Im from belgium and about to take over a successful and famous thai restaurant with my thai girlfriend, since they are retiring early next year. My girlfriend already works in the kitchen there for almost a year, and the takeaway is booming now during corona, which is positive if i may say. Im thinking of implementing delivery if this situation lasts for months... any tips or advice most welcome! TIA! Thomas
@mahlud7778
@mahlud7778 4 жыл бұрын
The first time someone in my life fascinated me. So what I am going to say is that: "i love everything about you" your style, the way you talk, the way you are and your videos graphics. All of it very very fabulous. And thanks for that.
@WilsonKLee
@WilsonKLee 4 жыл бұрын
Wow, thank you!
@satishshinde8700
@satishshinde8700 4 жыл бұрын
To good knowledgeable bro hatoff thankyou
@WilsonKLee
@WilsonKLee 4 жыл бұрын
Appreciate it Satish!
@AlexandraSternklar
@AlexandraSternklar 24 күн бұрын
Awesome video. Is there a downloadable template somewhere?
@TallMeDO
@TallMeDO Жыл бұрын
time to identify a business plan 💡
@JustinEngland-cz4vq
@JustinEngland-cz4vq 4 ай бұрын
Thank you
@ammarahismaeltaug3127
@ammarahismaeltaug3127 3 жыл бұрын
Hi Wilson. Just bumped into your vids and watched two lengthy ones without skipping an ad because i think I just have no right to. This is a FREE master class right here! Just got one question, as somebody who is just starting her small business.. what's better? Create a plan, then save the money I need to realize it, or create a plan and look for potential investors? To which I still don't have any idea how "share" works? Thanks!
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Appreciate the kind words Ammarah!! There's no right or better option. That's because everyone has their own style of doing things. Some like to do it all themselves - which is totally commendable! Others prefer to seek help from others (ie. getting a partner or get funding from banks, investors, etc.) and get started quicker in exchange for giving away equity or having the pressure to return the money. That is totally fine and common too. You need to reflect on what suits you best. It is going to be hard either way :) And I bet you dind't know a lot of stuff before starting. Learning how share structure works will just be another thing to get an idea of. No - you won't be a master at all the complex structures, but you just need a general jist of it. Best of luck!
@haramahmat516
@haramahmat516 3 жыл бұрын
Thanks for this helpful video, i am planning to open restaurant cafe, and i need some sample business plan. Thank you
@WilsonKLee
@WilsonKLee 3 жыл бұрын
Glad it was helpful for you Haram!
@edzback2
@edzback2 Ай бұрын
great video. what if you dont want to raise funds or partner up? i just want to start a small breakfast and lunch spot. I want to target the early commuters to work and offer a small seating area for the locals to sit and eat.
@QueensCurryKitchen
@QueensCurryKitchen 3 жыл бұрын
What about the template you mentioned in the beginning?
@josedelgadoa.5511
@josedelgadoa.5511 3 жыл бұрын
thank you , i really enjoy your videos.. I will start a food truck buisness in the next 3 months. should I apply the same concepts from your videos or its a little different for food trucks?
@WilsonKLee
@WilsonKLee 3 жыл бұрын
The general ideas are applicable but you'll want to consider the differences and make the relevant adjustments. For instance you'll be in a truck vs. a brick & mortar space; you are limited with inventory space + equipment, which would affect your financials and offering.
@mariafejalocon5652
@mariafejalocon5652 Жыл бұрын
Hi! If you're trying to buy a business, how will you come up with P&L?
@christianco905
@christianco905 4 жыл бұрын
Very informative and detailed guide for a business proposal 👍
@WilsonKLee
@WilsonKLee 4 жыл бұрын
thanks for the support! :)
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