There are many young entrepreneurs and people that've stumbled upon money who consider starting their own restaurant business. While there are many stumbling blocks it's not all bleak, as most new restaurants end up closing their doors in less than two years and the rest of market data suggests. Starting a restaurant takes time, money, and a lot of research. You'll need a thorough understanding of what equipment you'll need as well as the history of how other similar restaurants have performed in the same geographic area. You'll also need to research the restaurant industry and determine what type of restaurant best suites your skills set.
Chinese, Italian, Specialty Restaurant?
Choosing what type of restaurant you'll open takes careful planning. You may want to consider what kind of restaurants are currently popular. Right now, frozen yogurt shops are all the rage. You may want to take this into consideration: market forces and what people currently expect from specialty restaurants. Just because you can whip together some spaghetti doesn't mean you're qualified to run an Italian restaurant. Sometimes passion isn''t enough. Transferring your abilities to cook Italian food to something more profitable can seem like "selling out"