3. Dushan Zaric
* 18 + years of Experience behind Bars
* Co-Owner of Employees Only and Macao
Trading Co NYC
* Principal Bartender
* Consultant
* Author
* Trainer
* Yogi
Wednesday, October 10, 12
9. New Bar-Restaurant anywhere in the world
General Formula:
* Foot Traffic
* Corner - if possible
LOCATION
Wednesday, October 10, 12
10. New Bar-Restaurant anywhere in the world
General Formula:
* Foot Traffic
* Corner - if possible
* Existing fixtures - ideally
LOCATION
Wednesday, October 10, 12
11. New Bar-Restaurant anywhere in the world
General Formula:
* Foot Traffic
* Corner - if possible
* Existing fixtures - ideally
* Supportive Community
LOCATION
Wednesday, October 10, 12
12. New Bar-Restaurant anywhere in the world
General Formula:
* Foot Traffic
* Corner - if possible
* Existing fixtures - ideally
* Supportive Community
* Great deal on the lease
LOCATION
Wednesday, October 10, 12
14. New Bar-Restaurant anywhere in the world
General Formula:
* Products (Food & Drink)
CONCEPT
Wednesday, October 10, 12
15. New Bar-Restaurant anywhere in the world
General Formula:
* Products (Food & Drink)
* Design
CONCEPT
Wednesday, October 10, 12
16. New Bar-Restaurant anywhere in the world
General Formula:
* Products (Food & Drink)
* Design
* Profitability & Business Plan
CONCEPT
Wednesday, October 10, 12
17. New Bar-Restaurant anywhere in the world
General Formula:
* Products (Food & Drink)
* Design
* Profitability & Business Plan
* Logistics
CONCEPT
Wednesday, October 10, 12
18. New Bar-Restaurant anywhere in the world
General Formula:
* Products (Food & Drink)
* Design
* Profitability & Business Plan
* Logistics
* Hours of Operation
CONCEPT
Wednesday, October 10, 12
29. "beyond muddled concepts, failure
seemed to stem in large part from
an inability or unwillingness to
give the business sufficient
attention, whether due to lack of
time, passion or knowledge."
Wednesday, October 10, 12
30. Cornell University and Michigan
State University
Study of restaurants in three local
markets over a 10-year period:
Wednesday, October 10, 12
31. YEAR 1 - 27% of restaurant startups
failed;
Wednesday, October 10, 12
32. YEAR 1 - 27% of restaurant startups
failed;
YEAR 4 - 50% of those restaurants
were no longer in business;
Wednesday, October 10, 12
33. YEAR 1 - 27% of restaurant startups
failed;
YEAR 4 - 50% of those restaurants
were no longer in business;
YEAR 5 - 60% had gone south.
Wednesday, October 10, 12
34. YEAR 1 - 27% of restaurant startups
failed;
YEAR 4 - 50% of those restaurants
were no longer in business;
YEAR 5 - 60% had gone south.
YEAR 10 - 70% had failed.
Wednesday, October 10, 12
43. WHY:
What's your purpose?
What's your cause?
What's your belief?
Why does your organization exist?
Why do you get out of bed in the
morning?
And why should anyone care?
Wednesday, October 10, 12
64. “If you hire people just because
they can do a job, they’ll work for
your money. But if you hire people
who believe what you believe,
they’ll work for you with blood and
sweat and tears.” (Simon Sinek)
Wednesday, October 10, 12