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Any Three Businesses Which Can: Be Started With Less Than 5 Lakhs
Any Three Businesses Which Can: Be Started With Less Than 5 Lakhs
Any Three Businesses Which Can: Be Started With Less Than 5 Lakhs
WHY ?
According to Forbes, the consulting industry is
worth a whopping $100 billion per year and is
predicted to grow around 80% per year over the
next few years.
Why Consulting?
Many young professionals with a business management or economic background
increasingly choose for a job in the consultancy branch after graduation. Annually,
thousands of experienced professionals also choose to enter the consultancy branch, or
to enter by working for a firm as an experienced consultant or independent advisor.
• Hire help
Some of the consulting services-
• Strategy Consulting
• Marketing consulting
• Operations consulting
• Financial consulting
• HR consulting
• Business consulting
• Management consulting
Few Examples of Consultancy Firms
A Quick
Service Restaurant
• The Quick Service Restaurant, more
commonly known as the Fast-food Restaurant
is a specific kind of restaurant format that
serves fast food cuisines like Pizza, Burger
and requires minimal table service.
• The takeaway restaurant or Quick service
restaurant format seems to be the most
practical format, as the return on investment
is high.
• To be successful in quick service restaurant
space, you need to come up with a unique
idea and deliver a superior customer service
in terms of food variety, quality, Delivery
time & ambience.
Here we have shown the break-up of Rs 5 lakh,
which we will explain in the points below.
Steps To Open A Quick Service
Restaurant In India
Follow the below-mentioned steps that will help you open a fast-food
restaurant in India.
•Choose the location of the quick-service restaurant : The location is one of the most critical factors
which determine the success or failure of any restaurant. The takeaway restaurant should ideally be in a
densely populated area, keeping the target audience in mind. Accessibility and visibility of the area are also
essential to attract customers. Ground floor shops, located at the front are preferred for QSRs and Takeaways
•Get all the licenses required to make your QSR legal: A takeaway restaurant or a QSR primarily
requires five licenses, namely: Food license from FSSAI, GST registration, Local Municipal Corporation
Health License, Police Eating House license, and fire license. Out of all, Food license, GST registration, and
Local Municipal Corporation Health License are the most important ones to have for starting of the outlet.
• Get on board the required number of staff : The secret to a successful
quick-service restaurant is often a great team behind the counter and in the
kitchen. The Chef is probably the most important person on your team, as they
not only cook, and design the menu; they also lead and guide the rest of the
kitchen staff. The attrition rate is extremely high in the restaurant industry,
especially at the junior level.
• Arrange for the kitchen equipment and the raw materials
needed : Kitchen equipment is a significant expense for the restaurants, and
the same is the case in a fast-food or takeaway restaurant. A small working
table for four sq ft can cost somewhere around Rs 6-7k. But, it is not always
necessary to have everything new in the kitchen; most of the kitchen equipment
can be bought old and used.
• Market your QSR well :The tried and tested method of
marketing and also one of the cheapest, is the pamphlets. Apart
from pamphlets, invest some money in an excellent billboard
to attract an audience. You can also spend on an Online
advertisements on Social Media and Google Adwords