Financial freedom,being Rich or having a life of abundance, the secret is free money.
Financial freedom is when your living expenses are being met by money that you do not have to work for yourself.The question is what is money that you do not have to physically work for yourself.It is money you get from dividends from shares,shares that you bay and later sell for a profit,interest on investments,monthly income you get from renting out property[private and commercial],income you get from your own business[affiliate marketing,Internet home business].
The bottom line is when your living expense's are met by free money[Money you do not physically have to work for] you are financially free.You are not rich yet,but you are free,free from the daily runt of getting up and going to work,getting paid,paying bills.Getting up and going to work.............................
If you want to be rich you only have to get,bay,invest in more free money.That`s is it,its as easy as 1 2 3!
In this blog you will find ideas how to get free money and how to go from financially free to rich.
October 9, 2007
Why should you buy a restuarant?
Before you buy a restaurant you may want to see if you are suited to be a restaurant owner. If you are willing to do what it takes to run a business, and not just indulge a hobby, you may want to buy a restaurant. You will need to have experience in the restaurant business before you can successfully buy a restaurant and run it on your own.
That is not to say that you can't hire employees who know a great deal about the business before you buy a restaurant. Of course you will want to learn as much as you can about the restaurant business so that you have more than a little knowledge of how your restaurant operates.
You will need to consider the competition in the trade. If you have several Italian restaurants in the area where you want to buy a restaurant, you may want to think about another type of restaurant to open. Obtain a demographic survey to see what type of people live in and around the area, their income and ethnic backgrounds, etc.. To help determine what type of restaurant you should open.
Not only do you need to check out the location and the competition, but you will need to possess good marketing skills . While research will teach you what type of restaurant to buy and open, you will need to advertise to let people know you are there and what you offer. You also need a great location for your restaurant, you need to be in the thick of things, have ample parking, and be convenient to visit.
When you decide to buy a restaurant, you will be facing a mountain of regulations you will need to abide by. Your kitchen must be kept up to State hygiene standards. The FDA sets these standards and all establishments preparing and selling food need to adhere to them.
Mechanical and electrical ventilation systems are mandatory, and you will need licenses for food handling and liquor licenses before you open. All refrigeration systems need to be digitally controlled.
The electrical equipment and wiring system required in most restaurants needs to be up to a certain code. When you buy a restaurant the kitchen will also need to be a reasonable size to handle the business volume of the restaurant.
If you are planning to buy an existing building and turn it into a restaurant, you will need to apply for permits and should consult your county clerk to see what permits you will need and how much they will cost. You will need to make changes to bring everything up to par according to the rules of your city, county, and state. You will also need to provide access for the disabled.
Not only will there be initial health inspections on your dining establishment, you will also have periodic inspections on your premises. My experience with this sort of thing is that the inspectors will usually give warning before a visit.
About the AuthorMario Churchill is a freelance author and has written over 200 articles on various subjects. For more information on owning a restaurant checkout his recommended websites.
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