A Career As Restaurant Owner Vs Restaurant Manager

There is a big difference between a career as a restaurant owner and a career as a restaurant manager. Restaurant managers sometimes go on to own their own restaurants, restaurant owners often do a great deal of managerial work and both are heavily invested in the success of the restaurant and involved in its daily operations, but the general similarities end there. The specific roles and responsibilities of a restaurant owner vs. a restaurant manager will be explained in further detail below.

A Career as a Restaurant Owner

Restaurant owners are responsible for overseeing the entire operations of a restaurant, even when they hire someone else to manage it. They make an initial investment and either buys the restaurant from someone else or starts his or her own restaurant. Owners must make additional investments down the line when the restaurant needs new equipment and supplies, or when the business has outgrown its location and needs to move or expand, and they will also be responsible for cleaning up the mess if the business fails. The owner has a vested interest in the success of the restaurant, not just because it’s his or her job, but because it’s his or her investment, brainchild and often a dream come true. The owner takes the most financial risk, but he or she also gets the biggest payoff if the restaurant is a success.

They vary in their level of responsibility in the kitchen and on the floor. Some owners hire other people to do everything and trust they will make the right decisions, while others are there every day, interacting with customers and staff and taking on managerial duties. Many of them must work long hours every day of the week as they get their business off the ground, but if it becomes a success, they get the opportunity to sit back and relax a bit.

A Career as a Restaurant Manager

They work closely with restaurant owners to ensure that the business runs smoothly. They also have a vested interest in making sure the restaurant is operating at a profit; in fact, this is their primary concern. The manager has pay increases, bonuses and profit shares to entice him or her to succeed, and the fear of losing his or her job to entice him or her to avoid failure. This career requires skills in budgeting, leadership, communication, analysis and planning, as well as a knowledge and appreciation of the culinary arts and customer service.

How to Take Care of Your Hand Tools

A good set of tools will always serve you well, provided you take care of them, protect them against rust and damage and keep them stored neatly. High quality hand tools can cost quite a bit of money, although many people assume they require no maintenance or care and throw them carelessly into a drawer or cheap plastic toolbox. Here’s a look at the proper way to take care of your screwdrivers, pliers and all other metal tools to make them last you a lifetime.

Step One: Cleaning

All tools should always remain free of dust and debris, which can cause damage over a long period of time. If your tools get dirty or wet during use, take the time to clean them afterward. Most tools can be cleaned with a simple soft brush that you keep near your tool cabinet. Rust, the main enemy of metal, can cause permanent damage if left unchecked. Rust forms from moisture, although you can prevent it with most tools by applying a light oil on rust-prone areas. When rust does form, use a fine scrubber and oil to remove it but remember, rust will also be prone to reforming on this area in the future. If you can afford it, invest in tools that are made from high-quality metal alloys to make them resistant to rust and corrosion. Finally, any moving parts should be lubricated occasionally so they remain in good working order.

Step Two: Proper Storage

What’s the point of cleaning your tools regularly if you don’t have proper storage in place? Depending on your needs, a simple toolbox will suffice. If you have a large collection of tools or use them professionally in a trade, a metal cabinet is a good option. Tools should always be organized and sorted and put back in their designated area after each use. This way, they’re always there when you need them. Ideally, tools won’t touch each other while they’re stored. A few companies have developed storage systems to address this. Keep all of your instruments in a dry area free of moisture, dust and direct sunlight. For sharp instruments like chisels, keep them in a holder so you won’t accidentally hurt yourself when you get them out. Tools should never be left on the ground or a working area as they can pose a serious hazard. Try to group your tools together in a way that makes sense to you.

Step Three: Maintenance

Most people are injured using their tools when they aren’t kept sharp or in good condition. Metal blades should always be well oiled and replaced when they lose their sharpness. Regularly inspect your nuts, bolts, screws and other small parts for damage so you know when they need to be replaced. If you own hand tools with a wooden handle, take the time to sand and oil it regularly to prevent splinters and splitting.

Work From Home, Online Employment

Working from home on the internet provides users with the convenience and job security they require. A home job that is done on the internet can be what you need to get you started on a career path that will lead to job satisfaction and success in every sense of the word. Building a successful online business takes time, hard work and some investment capital, though more time investment may remove the need for capital investment. The good thing about online businesses is that anybody can develop one and be a success in it without any qualification or heavy capital investment. An online job should be taken seriously if meaningful progress is to be made in good time. Online jobs are numerous and can be grouped into three categories which include; skilled, semi-skilled and unskilled jobs.

Skilled jobs: basically, a skilled job is one that requires a certain level of skill and certification to accomplish. Skilled jobs are for individuals who have acquired a high level of expertise in order to be able to carry out the duties required of such tasking jobs. These jobs may only be given to those who have the qualifications and the much needed experience that such jobs require for effective and satisfactory results to be obtained. Performance for certain skilled jobs online is at a very high level based on the job description. Certifications for many skilled jobs are acquired offline by attending educational institutions. Some skilled jobs can also be learned and certification given online after a mandatory learning process and examination has been passed. Examples of some skilled job services that are provided for online customers include; web designing; website security; professional services such as stock brokering and ecommerce services; program writing and networking among others.

Semi-skilled jobs: these are jobs that may or may not require certification for one to be able to accomplish. Semi-skilled service providers may be required to have a certain level of qualification in some quarters but may not need to have any qualification in others. Most semi-skilled jobs can be learned and certification provided for those who have passed online. Examples of semi-skilled jobs online include search engine optimization, copywriting and secretarial skills among others.

Unskilled jobs: these are job descriptions that can be done by anyone without any prior certification. Most online jobs are in the unskilled category and you do not need any qualifications to become a service provider. The vast majority of service providers in the unskilled category learn these jobs and become experts by continuously providing their services to customers. This is the main reason why the internet is seen as a very good avenue to develop a viable business. Unskilled jobs require little or no income to start practicing and in a very short period, depending on your work rate, you can earn considerable amounts of money from them. Almost every internet business has a link with an unskilled job description which makes it possible for everyone to benefit from providing any kind of service on the internet. Examples of unskilled jobs that have their roots on the internet include article writing, link building, blogging, lead generation and social networking among others.

The internet is a user friendly environment that helps a lot of people all over the world develop certain basic skills and earn a substantial living. Whether your skilled, semi- skilled or unskilled, there is a place for you in the online business world.

Living in the Philippines – Best "Passive" Businesses to Start

For those OFW’s and foreigners wishing to start a business, but not wishing to involve themselves with the stress of a business involving day-to-day operations, employees, landlords, inventory, and so forth, there are several available opportunities for foreigners living in the Philippines. Buy fixer upper properties, improve them, then rent or sell them.

1. Buy Fixer Upper Properties, Improve Them, Then Rent or Sell Them. This is a great business for those of you who have experience in your home country in buying, fixing up and renting or selling properties. Over the past 10 years, a lot of people got involved in this kind of business in their homeland.

With the overall economic problems in the world the past couple of years, the Philippines has not been immune, and there are a lot of properties in a state of disrepair, as well as lot of distressed and foreclosed properties.

2. Build An Apartelle. An Apartelle is an apartment building where all but one of the units are rented out long term, and you are left to operate on a nightly or weekly basis, like a hotel – hence the combined name of apartelle. These are common in the Philippines.

This business will require a heavier capital investment, yet with the right property and by focusing in the more rural areas or smaller cities, you can construct a small 4 unit apartment building for Peso 3,000,000 – not counting cost of the land.

You would want to rent out 3 units on a long term rental basis, and keep one for short term rentals – for the many traveling salesmen that frequent the countryside. They like booking into such short term apartelle units rather than the much more expensive hotels in the area.

3. Condotels. I have not given this business my “thumbs up” in all instances. Condotels have been heavily touted and promoted the past several years and there have been many, many new condominiums built in Manila, and now even in Cebu and starting in Davao.

The problem is that although the developers offer great down payment terms (usually around 30% down financed over 3 years) and in some cases carry back the mortgage and finance for perhaps 10 years, the interest rates are incredibly high, and the split of rentals with the management team runs around 50%/50%. There is also always a nominal monthly maintenance fee.

What looks like “cheap” entry point and cash flow out each month, in many cases simply becomes a bet on long term property appreciation – finding someone willing to pay you more for it than you paid for it.

This is because with all the inventory on hand, there is a surplus of condos which have been into hotel type rental pools, but not enough visitors to rent them all.

Consequently, what an investor thought would be a good positive cash cow, turns out to be a continuous negative cash flow – not what a new retiree to the Philippines is looking for to supplement his pension or annuity! This type investment will only drain you pension.

However, having written all this, I HAVE FOUND the past several month two exceptional condotel investments which DO meet my criteria of creating good ongoing rental income.

4. Farming. The likely cessation of the Agrarian Land Reform Program (CARP) will give the rural sector renewed confidence to invest in agricultural production capacity. CARP has held back investment in both production capacity as well as farm acquisition. An end to CARP will mean higher land prices since land will be valued for its higher income producing potential.

However, higher land prices are simply a “serendipity”, an added value, to the type of farming business I am writing about. I have found an extremely unique business opportunity, which will generate a great ROI (return on investment) and is completely passive. It has been structured by the developers (all foreigners) to be a one turnkey investment price. The price includes cost of the land, plus all

Clearing, planting, cultivation and harvesting for the first 5 years.

The business has been priced to fit the capital investment budget of the average foreigner retiree, and all landowners will be members of a cooperative which will share the farming equipment (tractors, equipment shed, and others). The farm will be “farmed” by the developer’s management team

The hottest trend now is in organic farming, and yet it is only in its infancy stage in the Philippines. There is one export product in particular which has caught my attention – the pili nut. The Philippines is the ONLY country with which produces and processes this nut in commercial quantity.

The current status of the pili is equivalent to that of the macadamia some 30 years ago. It has huge potential to develop into a major industry. They are in demand not only in Hong Kong and Taiwan but also in Singapore, Korea and Austria.