7 Ways Restaurants Are Surviving CoronaVirus Outbreak | Restaurant Management Small Business Tips
Channel: Wilson K Lee - How To Open A Restaurant / F&B Shop
Date: 02/04/2020

How are restaurants surviving the coronavirus outbreak? I observe 7 ways that food businesses are navigating these trying times that you would want to do as well...
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As of April 2, all restaurants in North America have been restricted to operate only as take out or delivery only. This is incredibly difficult for restaurants as we already run on such small margins to begin with. So how are some restaurants able to survive the current covid-19 lockdowns? As I continue to monitor what is happening, I see several patterns and creative opportunities that restaurants are doing. Options that I share and suggest to my consulting clients and they have seen some success with. 

The first thing is to make sure you check with your government's relief programs. Small business and restaurants are the backbone of the economy. The government knows that. Which is why the stimulus packages have been passed throughout the world to save small businesses and restaurants. For example, the US passed the CARE Act, which includes $350 million just for small businesses. I recommend all owners check to see how they could apply for such funds. Also, community leaders and industry leaders are banding together to create their own relief funds. For instance, the Vancouver F&B Community was created by a local restaurant owner to collect donations to help recently unemployed restaurant staff financially. 

Some other ways I've seen and recommend are building your relationship with your community. This is in the way of transforming your restaurant into a temporary grocery store, reusing your dining space in creative means, powering up your digital presence, and creating DIY kits. All of these ways are being done right now by restaurants. All of them also helps create a stronger relationship with your community - which is key during this troubling time but also for when things past. 

These are unprecedented times. Uncertain times. Times that require you to be creative so your business can live another day to fight another day. 

So if you're a restaurant owner, small business owner, entrepreneur and is trying to survive the coronavirus outbreak, or looking for ideas to beat recession or thinking of starting a restaurant at this time, keep watching. 

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ABOUT WILSON: 
I’m Wilson, your new restaurant business partner. I’m here to help turn your food and beverage concept into a reality with expert tips & tricks for success. 

My videos are based on years spent in the industry building multi-million dollar businesses, including my own international dessert chain (https://720sweets.com/) with locations spanning the globe. Since my franchise was acquired (2020) it’s been my mission to share this knowledge with people like you who have great ideas, but just can’t seem to break through. If I did it all with no experience, so can you. I know firsthand the struggles and mistakes most entrepreneurs make, and want to show you exactly how to avoid them. 

I’ve helped hundreds of restaurant owners and entrepreneurs create explosive Food & Beverage businesses. You don’t have to take my word for it. I’ve been awarded Top 30 Under 30, Young Entrepreneur of the Year, Top 10 Emerging Entrepreneurs, and recently a Forbes Business Council Member. 

Subscribe to see what everyone’s talking about and learn how you can achieve the same life-changing results. 

Find more great resources, check out https://www.wilsonklee.com/

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NOTE: I am not a medical professional or economist. Please refer to the CDC and WHO for more accurate information.