💎 [FREE COURSE] Learn how to start an online food business - swiy.co/start-FPF-program 🚀 [FREE COURSE] Learn how to start a restaurant/brick&mortar business - swiy.co/Start-PRO-Academy
My wife’s family owns Thai restaurants and food carts. The worst thing you can do is a soft start and not have every item available on the menu. You need to have a soft opening and not advertise it. Then a few weeks later have an official grand opening. I have refused to go back to any restaurant who was understaffed or ran out of a dish on a soft opening. Especially a grand opening.
These 3 things are: 1. Know your numbers 2. Know Yourself 3. Know Your Customers Thank you for another informative content, Wilson. I admire that you've shared your personal experience in guiding aspiring restaurant owners. God bless you! 🙏
I am considering opening a Restaurant I've been thinking about over the last 5 or 6 years. I have found many of your videos helpful. But I still have a few questions I'm trying to figure out. Look forward to seeing more of your videos.
My eyes swelled with tears when you paused talking about your experience regarding taxes. Your videos are a great deal of help trying to get my nail business of the ground and sustain success.
Great video - couldn't agree more that connecting with and listening to customers is number one, as well as creating an amazing culture for your team! Thank you for sharing!
Wilson, these are great. Have you thought of serializing these in the form of a podcast? You already have all the content you would need. There are big trends towards multi-tasking. People like to listen to stuff while they're walking, working out, cooking, etc. Could bring you to a whole new audience if you haven't tried it already!
I have some friends who do podcasts and I think there needs to be a lot more attention placed than just extracting the audio of my videos and putting it on Apple podcast or spotify. In the future maybe a more serious podcast series :)
Good advice Wilson, especially, "know your numbers". Talking of which, 25% gross profit seems reasonable but what % should you allow for utilities as gas and electric (and water) are real expensive right now? I look forward to your reply, thanks in advance. Monty
what are the substantive differences to keep in mind btwn opening a sports bar and a restaurant? thanks, you have been a great resource for this newbie.
Imma book my trip to bora bora bc of you! Done! 🤣🤣🤣🥰 thanks for the amazing contents! I feel extremely connected to you and ur genuine way of sharing and guiding us! When the time come, I’ll def reach out for more mentoring 🥰🥰🥰🥰
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are 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 people via an app
There is 7 ramen restaurant And many sushi restaurants in Tucson. Their business is good! But not all of them. Should I need to open another one? Is it too risky? Thank you!
Hi Sir. How much would you suggest should go in to renovations? I’m renovating a space and I want to go the cheap route but I don’t want to sacrifice the ambience too much. I understand this can vary based on your concept but at a bare minimum do you have any estimated costs?
Great video, but I don't own a restaurant but in fact work in one in a ice cream. What tips would you give to employees to provide value to the restaurant? And what can I do to make it easier for the owner?
bottom line for owners is sales. if you can bring in more sales, that equates value. so how do you bring in more sales? identify your clientele. provide them exactly what they want, and more importantly, what they need at that moment. best of luck! :)
Hi! Very good video. The one that I'm missing is what kind of financial report you should look into to measure your company's financial health and growth. Thanks!
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are 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 people via an app
Hi Wilson thank you for your vedios!! I am 10 years hier in Germany i can’t practice my career hier I have two beautiful girls 9 and 8 ! My heart tell me to have food business but I know where and what to start through you atleast you educate me how it would be!!! Continuing to watch your vedio to equipt my self in God’s Grace to have small food business ! 🙏😇❤️
Best of luck Jeannyfer! Hope my videos will be helpful in your journey. My masterclass should also give you more tips so you have a general foundation to get started.
Dear sir can please tell me how to calculate food cost and how to put price for one item what about the gas consumption please can you send me the answers with example
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are 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 people via an app
Um I wouldn’t recommend that. I know of this guy who does it, but it’s driving him nuts. If you have any other questions, feel free to email me wilson@720sweets.com
@@WilsonKLee I'm glad you replied to my comment. I really connect with your channel as my brother and I have recently opened a gourmet fast food business but are struggling to get customers. I'd be so grateful if I can get any advice on growing a customer base.
hey Dan, congrats on your being an ACTION taker and thanks for your support! You've first got to identify who your customers are. who specifically are you targeting? what do you they look like? what are their habits? what problem do you solve? what "job" are they planning to "hire" you for? what are your values? what story are you telling? how can they resonate with you? what are you broadcasting channels? what value are you providing? hopefully this will give you some more insight. if you need any more info, feel free to email me and i can explain further. wilson@720sweets.com
@@WilsonKLee thanks for that. We are missing all that information so I'll brainstorm all the answers to those questions. I'll be in touch. Thanks again for your time.
Amazing. Thank you for the breakdown on what should be the target % cost! Can you share your opinion/advise on whether food trucks are a good business, and what should be the watch outs prior to going in that type of business? Thank you, Wilson!
food trucks are great for testing out new concepts, minimal investments. however the cons with that is licenses are often times quite difficult to get since each city has only a limited amount. also, its difficult to be on the road all the time. best of luck on your venture!
Hi Wilson, thank you for sharing, your content is fantastic! I find it difficult to understand the numbers, I’m working on it but watching your videos are helping my process. If you have any other videos on numbers would you please share? In this video, you got the average monthly total and started to deduct rent - food - labour (75%). My business isn’t opening till the end of December so I don’t have any numbers to go off, is there a way where I can prepare some assumptions to help me understand? Maybe rent + labour + food assumptions = my target to break even for the month? Hope this makes sense.
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are 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 people via an app
In your 1st video that I've watched, you say about 3 numbers to be a success. How about another number? How much percentage you will save for bills, like electricity and water? Just I'm very confused? But I'm already calculated and assumed about that matter.
3 big cost that makes or breaks your business. COGs/Rent/Labour. the rest, utilities, electricity/water and such will not break your bank. this is just for generalization.
you need to mention the templates in the below are not free. Appreciate your advise but if you do that it makes you look like a scam and wants to make money off of us
Hey Nathan the two templates in the description are free in terms of dollar value. If you're not interested in getting updates of the newest videos or tips, you're more than welcome to unsub afterwards 😬
@@WilsonKLee man idc if you have businesses or make money. I just lost respect towards you. I did say it bit harshly but it's true that you didn't mention the templates you tell us to get are not free and it can come off the wrong way rather than you saying it's not free. And you just treat your subscriber to just unsubscribe lol sure man
i think you have mistaken. the templates are actually all FREE. there is no cost at all and created to share with you. What happens is that you will be subscribed to my email list, which every week i will send you resources on creating a better business with tips and personal experience. Then i said to unsubcribe from that email list, IF you don't like it. I meant it in all the right ways, but may not be received so. hopefully that clears it up. 😄
💎 [FREE COURSE] Learn how to start an online food business - swiy.co/start-FPF-program
🚀 [FREE COURSE] Learn how to start a restaurant/brick&mortar business - swiy.co/Start-PRO-Academy
This is very good video. Wilson seems sincere in his desire to see the viewer succeed.in business.
+David Spedden thank you!! Just let me know how I can help :)
My wife’s family owns Thai restaurants and food carts. The worst thing you can do is a soft start and not have every item available on the menu. You need to have a soft opening and not advertise it. Then a few weeks later have an official grand opening. I have refused to go back to any restaurant who was understaffed or ran out of a dish on a soft opening. Especially a grand opening.
totally! thanks for the insight. at the same time, speed wins over perfection every single time. :)
These 3 things are:
1. Know your numbers
2. Know Yourself
3. Know Your Customers
Thank you for another informative content, Wilson. I admire that you've shared your personal experience in guiding aspiring restaurant owners. God bless you! 🙏
I am considering opening a Restaurant I've been thinking about over the last 5 or 6 years. I have found many of your videos helpful. But I still have a few questions I'm trying to figure out. Look forward to seeing more of your videos.
Have you opened a restaurant yet
My eyes swelled with tears when you paused talking about your experience regarding taxes. Your videos are a great deal of help trying to get my nail business of the ground and sustain success.
Great video - couldn't agree more that connecting with and listening to customers is number one, as well as creating an amazing culture for your team! Thank you for sharing!
Thanks for tuning in Morgan!
Connect with the customers...very important 🌎
Wilson, these are great. Have you thought of serializing these in the form of a podcast? You already have all the content you would need. There are big trends towards multi-tasking. People like to listen to stuff while they're walking, working out, cooking, etc. Could bring you to a whole new audience if you haven't tried it already!
I have some friends who do podcasts and I think there needs to be a lot more attention placed than just extracting the audio of my videos and putting it on Apple podcast or spotify. In the future maybe a more serious podcast series :)
Love these videos! Super helpful, keep them coming!
Thank YOU! are you looking in opening at F&B?
Wilson you been helping out a lot with my small ice cream bubble tea shop I appreciate your videos
Wow I love your knowledge thank you I’m planning opening restaurant
Thanks for tuning in Jamal! If you're at the beginning stages, then my upcoming masterclass may be helpful.!
Your good you seem like a sincere person
thanks! I like to think i am :)
You really do love Bora Bora 😄... anyways, very good info sharing ✌🏾
Ya haven’t being yet hahaha thanks bro!
This video is actually for me cz am planning on opening my own restaurant
thats awesome! let me know what other info you'd want me to share. :)
You are like me
Thank you
Great information, such a good timing in my decision making to pursue my business
Glad it was helpful!
Good advice Wilson, especially, "know your numbers". Talking of which, 25% gross profit seems reasonable but what % should you allow for utilities as gas and electric (and water) are real expensive right now? I look forward to your reply, thanks in advance. Monty
Hello, please throw more light on how I can know my self & train my 😊workers to be equipped 😊quipped 😊 with my values
what are the substantive differences to keep in mind btwn opening a sports bar and a restaurant? thanks, you have been a great resource for this newbie.
Greetings from Colombia. The Venezuelan Immigrant writer, ecologist, entrepreneur 🇻🇪
Very nice video. Thank you so much.
Straight to the point
Sometimes I just go for it :)
Just subscribed. Thanks for your videos. I’m learning so much!
Didn’t even think about Scheduling! Omgeez! Lol I need help lol thanks for all your videos
Happy to help! Make sure to join our FB group for more tips and help from the community!
Thanks for this video!! Helping me out opening my restaurant
Good luck!!
Very helpful. I'm 22 y/o and my partner and we are soon opening our little snack house. ❤️
Your channel is amazing sir. Respect
Thanks a ton
Awesome knowledge and thank you Wilson
Glad you enjoyed it Hector!
Imma book my trip to bora bora bc of you! Done! 🤣🤣🤣🥰 thanks for the amazing contents! I feel extremely connected to you and ur genuine way of sharing and guiding us! When the time come, I’ll def reach out for more mentoring 🥰🥰🥰🥰
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are 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 people via an app
Thanks for the knowledge but I'm planning on opening a small restaurant wich is better renting or leasing I'm new to this help me out bro...
I think TH-cam is reading my mind 😁. I’ve been thinking about starting a cafe for the past week. Thank you for your videos!!
Great! Thanks for tuning in!
Thanks Wil! Really kind and excellent tips too. Many thanks
thanks! :)
Dear brother.i m watching your every vedio u r great personality
Thank you so much 😀
Thanks for these videos they are honest and you do a great job.
Glad you like them!
There is 7 ramen restaurant And many sushi restaurants in Tucson. Their business is good! But not all of them. Should I need to open another one? Is it too risky? Thank you!
Hi Sir. How much would you suggest should go in to renovations? I’m renovating a space and I want to go the cheap route but I don’t want to sacrifice the ambience too much. I understand this can vary based on your concept but at a bare minimum do you have any estimated costs?
Great video, but I don't own a restaurant but in fact work in one in a ice cream. What tips would you give to employees to provide value to the restaurant? And what can I do to make it easier for the owner?
bottom line for owners is sales. if you can bring in more sales, that equates value. so how do you bring in more sales? identify your clientele. provide them exactly what they want, and more importantly, what they need at that moment. best of luck! :)
Very nice video 🌎
Thank you very much!
Hi! Very good video. The one that I'm missing is what kind of financial report you should look into to measure your company's financial health and growth. Thanks!
thanks for the support! im actually making a new vid on this! stay tuned!
Thank u for these three steps
Wow ,that is really good advice
thank you! :)
Great presentation, but i couldnt find any link to the template that you mentioned.
Great presentation
how do we calculate labour cost
Love your videos! How would you calculate labor costs?
I’m planning to start restaurant Ang ur so helpful
what kind of restaurant?
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are 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 people via an app
Hello Wilson 🌎 Thanks.
Please can you kindly send me the video links on explaining how you creating harmony among your to gain the trust within
Hi Wilson thank you for your vedios!! I am 10 years hier in Germany i can’t practice my career hier I have two beautiful girls 9 and 8 ! My heart tell me to have food business but I know where and what to start through you atleast you educate me how it would be!!! Continuing to watch your vedio to equipt my self in God’s Grace to have small food business ! 🙏😇❤️
Best of luck Jeannyfer! Hope my videos will be helpful in your journey. My masterclass should also give you more tips so you have a general foundation to get started.
Its more on addition
Though not good in math
When its money
Its easy as 1+1
Great help! Thank you! ❤️
Glad it helped Katrina!
Dear sir can please tell me how to calculate food cost and how to put price for one item what about the gas consumption please can you send me the answers with example
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are 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 people via an app
Thank you for your time
Hello Wilson, Thank you for your great help , how about the café business? It’s possible to run a café business by one person?
Um I wouldn’t recommend that. I know of this guy who does it, but it’s driving him nuts. If you have any other questions, feel free to email me wilson@720sweets.com
Thank you for your response , your advice so helpful☺️
Thank you for your advise
anytime. are you building a new restaurant?
Love your videos!
Glad you like them Daniel! Let me know if you have any specific topics you'd love me to cover 😀
@@WilsonKLee I'm glad you replied to my comment. I really connect with your channel as my brother and I have recently opened a gourmet fast food business but are struggling to get customers. I'd be so grateful if I can get any advice on growing a customer base.
hey Dan, congrats on your being an ACTION taker and thanks for your support!
You've first got to identify who your customers are. who specifically are you targeting? what do you they look like? what are their habits? what problem do you solve? what "job" are they planning to "hire" you for? what are your values? what story are you telling? how can they resonate with you? what are you broadcasting channels? what value are you providing? hopefully this will give you some more insight. if you need any more info, feel free to email me and i can explain further. wilson@720sweets.com
@@WilsonKLee thanks for that. We are missing all that information so I'll brainstorm all the answers to those questions. I'll be in touch. Thanks again for your time.
@@danielserpa5005 No worries! best of luck!
How do we create a company culture
Great video, but I'm wondering about Bora Bora tho 😂
Amazing information
Thanks
Amazing. Thank you for the breakdown on what should be the target % cost! Can you share your opinion/advise on whether food trucks are a good business, and what should be the watch outs prior to going in that type of business? Thank you, Wilson!
food trucks are great for testing out new concepts, minimal investments. however the cons with that is licenses are often times quite difficult to get since each city has only a limited amount. also, its difficult to be on the road all the time. best of luck on your venture!
Thank you for your reply, Wilson! :)
Great video, thank you. I'm gonna go to Bora Bora
Have fun! I'm jealous haha
Should I buy the property or lease?
May i know what is the brand of your ice cream chain?
720 Sweets & etc.
Which link we click on for the free template
the Ace Guide! :)
Hi Wilson, thank you for sharing, your content is fantastic!
I find it difficult to understand the numbers, I’m working on it but watching your videos are helping my process. If you have any other videos on numbers would you please share?
In this video, you got the average monthly total and started to deduct rent - food - labour (75%). My business isn’t opening till the end of December so I don’t have any numbers to go off, is there a way where I can prepare some assumptions to help me understand? Maybe rent + labour + food assumptions = my target to break even for the month?
Hope this makes sense.
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are 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 people via an app
I keep watching your videos and each one I find to be very valuable. Thank you for sharing. ❤
Thank you!
Thank you!
thank you iam opening purtorican restaurant
All the best!
I think of to know my quota first my rental,my manpower,misc divide to 30 days if not possible to quota.
I wouldnt pursue
Additional of ur profit
Nice
In your 1st video that I've watched, you say about 3 numbers to be a success. How about another number? How much percentage you will save for bills, like electricity and water? Just I'm very confused? But I'm already calculated and assumed about that matter.
3 big cost that makes or breaks your business. COGs/Rent/Labour. the rest, utilities, electricity/water and such will not break your bank. this is just for generalization.
@@WilsonKLee thanks a lot! Your video is really giving those viewers inspiration. I will continue watching your video.
@@maritesmanibale1853 thanks! :)
Interesting
God bless you sir 🙏
thanks for tuning in!
I think Wilson likes Bora Bora lol
:) it is amazing!
God bless you
thank you!
thank you!
amazing conent
Thanks Hung! Are you creating a restaurant?
Sorry but the rental cost should be around 6-8% of the average sales (gross)
bhauaahhuaahuhuahuauhahuahuahuahuahua you clearly have absolutely no freaking clue of what you are talking about!!!😂😂
Oh my goodness super late BUT! PLEASE go into more depth about creating your culture and vision for your business!!!
Definitely something I want to go more into soon :)
you need to mention the templates in the below are not free. Appreciate your advise but if you do that it makes you look like a scam and wants to make money off of us
Hey Nathan the two templates in the description are free in terms of dollar value. If you're not interested in getting updates of the newest videos or tips, you're more than welcome to unsub afterwards 😬
@@WilsonKLee man idc if you have businesses or make money. I just lost respect towards you. I did say it bit harshly but it's true that you didn't mention the templates you tell us to get are not free and it can come off the wrong way rather than you saying it's not free. And you just treat your subscriber to just unsubscribe lol sure man
i think you have mistaken. the templates are actually all FREE. there is no cost at all and created to share with you. What happens is that you will be subscribed to my email list, which every week i will send you resources on creating a better business with tips and personal experience. Then i said to unsubcribe from that email list, IF you don't like it. I meant it in all the right ways, but may not be received so. hopefully that clears it up. 😄
"Automated cash cow"?? Doesn't sound like any restaurant I'd want to eat at.
lollll
🤗
😀
Wish I could speak to you for 10 minutes? Please let me know if it is possible.
Pop me an email about what it is about hello@wilsonklee.com
I need 15000 $ ll you help I want to open my own restaurant.
check out my video on starting a restaurant with $0.