Your family owns a restaurant in town. You are trying to talk them into opening a new restaurant across town near the university. You would be willing to run the new restaurant as a part of their business. With extra or old equipment, startup costs would be relatively low. Being new to the business, you will receive pay based upon a percent of the profit of the new restaurant. The family will also receive a percent of the profit for their support of the new restaurant.

The correct answer to this open question is the following.

Here we do not have a question. Just a statement or a series or recommendations. So although there is no question, we can say the following.

You can convince your family that you are responsible enough to start the new restaurant with commitment and we the support of your family that already has the experience to run a restaurant.

You get to have in mind that opening a restaurant is not an easy task due to diverse factors, plus the fact that you will not have new equipment, lo budget for promotion, and your payment will be limited to your results.

That is why you need to follow the right steps to start such as to have a good business plan, to refurbish the place to have a decent restaurant, hire the right cook, and offer accessible prices while you are getting your clients and forming a reputation.

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.