Question

how to identify new business ideas for restaurants? and differentiate between ideas and actual opportunity?

Answer 1

Home cook A revolutionary idea that over the coming years would draw a lot of appreciation and eyes. In general, home cooks are the ones who cook in their house. A home cook takes orders and prepares directly from their kitchen himself or herself. The big applause received by home cooks is not because people enjoy homemade cooking, but because cooks have been doing this job for more than 10-15 years, and have accumulated a wide variety of skills, expertise, and popularity in the process. In addition to that, as it does not entail much expense, most people who have the expertise will easily start a home kitchen. With the assistance of food technologies and other support facilities such as internet ordering sites, the obstacles to home chefs opening their kitchens have decreased.

In the past few years, food trucks have gained immense popularity. The investment is smaller, and the benefit earned would be very impressive if you can continue to run the truck well. This makes this format the most successful restaurant start-up concept for all the market's newcomers. The food truck not only demands a low budget, but its running cost is also not high. It doesn't burn a hole in the restaurant owner 's wallet with the high rents. In the other side, it just requires the upfront investment to acquire the vehicle. The idea that you can change its position and quickly change your food truck is one of the most good sides of having a food truck. In addition, it will give you a business hang-up, so you can get some hands-on experience by running a food truck first before you move on to open a restaurant.

Ideas are answers to challenges which are necessary to provide the organisation with an innovative spark.

Opportunities, on the other hand, are something that will contribute to a desirable and sustainable market (ideas, situations, circumstances). They may originate from an idea or may not.

Possibilities have meaning. Ideas are motivated by hard work and brainstorming. These require attention and evidence. These would, eventually, be backed by investors.