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    Are you interested in owning a pizzeria, but don't know where to start? Well, if you have already begun, you will soon find that there is a plethora of information, which is quite overwhelming! Listed here are thought provoking questions to ask yourself so that you can envision precisely what you will need in order to open your own pizzeria! Deciding exactly what kind of pizzeria you want is imperative. Do you want to have a restaurant, take-out and delivery, or a combination? How will you operate your business? Will you use a computer system? How many employees do you need to operate smoothly?

Top 2 Reasons Businesses Fail
  • Poor management
  • Inadequate financing

    		• Start-Up Essentials
  • Sufficient, ready capital
  • Ability to plan and manage finances

    		•
        After you have most of the operating and production details worked out, you will need to create a detailed business plan. During this tedious process, you will constitute the approximate amount of start-up funds and a location for your pizzeria.

        Next, decide how you will finance your business. Do you have money saved for a personal investment available? Can you take a home equity loan? Will relatives lend money from their home equity? Or, will you apply for a small business loan? Remember! No investor will provide 100% financing. You will probably need to use at least two different types of investments.
        Small business loans are a great option for those who may not have other funds readily available. The Small Business Administration (SBA) has created a program that offers government-guaranteed loans to help small business entrepreneurs qualify for the money they need. It is said that SBA loans are easier to obtain than other conventional loan options. Having experience in the same field of business also boosts your chances of receiving funds!


    The first Pizzeria to open in the U.S.A. New York


        There is a free workshop describing all a business plan should entail at the Bank of America webpage. It takes about 30 minutes to watch both parts, but is very helpful. They even have the outline "worksheet" available to print (print this first)!

         Quantified Marketing has outstanding articles giving information and ideas to restaurant business owners and entrepreneurs who are just entering the field. "Opening A Restaurant" is a great article and has several other great links in that category.

    Common Mistakes
    1.) securing the wrong type of financing
    2.) miscalculating amounts
    3.) understanding the costs involved of borrowed money

        Pizza Marketing Quarterly (PMQ) from Pizza Magazine has an article by John Corel, "Open it Right or Not at All." This article explains 14 steps that might make your pizzeria a success.

    CHECKLISTS



    The Small Business Administration is a great place to start.

    Affiliate programs like SCORE offer free services such as seminars and mentors. The mentors are retired business entrepreneurs who volunteer at local offices.

    Look at this Business Plan for a pizzeria! This includes the graphs and charts that are necessary when presenting your B.P. to a prospective investor or lender.

    Helpful Business Calculators!

     


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