If you think F&B in Singapore is tough, try Cuba…
and more news from the week of Oct 17th
Havana's government has temporarily suspended issuing licenses for new private restaurants since September – to ensure existing ones have been following laws.
Yup, if you think it's hard to get your NEA licence, it's nothing compared to Cuba.
Other ways Cuba's government makes F&B owners lives miserable include:
- Not being able to stay open after 3 a.m.
- There is a cap on seating
- Excessive tax burdens
- They must buy all supplies at retail stores and markets (heavily marked up), unlike state-run restaurants, which can buy from wholesale markets
The government is cautious of private businesses becoming too successful and causing wide disparities in wealth.
OpenTable can now take reservations internationally and support English, French, German, Japanese, and Spanish.
The online reservation platform handles 20 million reservations per month, and aims to let jet-setters use local accounts anywhere in the world.
A new restaurant in China took a gamble on "the inherent goodness of people" and had a "pay-what-you-want" promotion for its opening.The result? Customers paying as low as 1 yuan and S$20,600 in losses.
Love food delivery? Soon you might be able to order food through Facebook. It has partnered with Delivery.com, a food-delivery startup operating in about 40 US cities, to provide any restaurant with the ability to take orders on their Facebook pages. Menus and ordering info will be displayed directly on the eateries' Facebook pages, and Facebook will not take a cut from Delivery.com or the food businesses.
Facebook said that it would be open to working with other companies in the future. Although its new services will initially only be available in the US, this experiment could well expand into new territories.
Last but not least, iCHEF and DBS BusinessClass' F&B Entrepreneur Bootcamp is this coming Tuesday! We have 2 seats left – if you know any new F&B entrepreneurs, act fast!