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Jun 19

Why Do 60% Of Restaurants Fail In The First Year?


Why Do 60% Of Restaurants Fail In The First Year?

Everyone knows the stats.  It's a tough business.  To those outside the hospitality industry it's a surprise when one of their favourite restaurants closes their doors.  
 
To insiders it shouldn't be a surprise when you don't get your desired results if you don't invest in serious planning.
 

As Nicola Barcellona states:  "Planning makes sense with any kind of business that you undertake. With a little bit of forethought, you can save yourself the potential problems and significant, costly expenditures associated with mistakes that could have been prevented.  Consider the classic adage when creating your business model -  Those who fail to plan, plan to fail.”

Here are 10 mistakes to avoid.
https://born2invest.com/articles/restaurants-fail-10-mistakes-avoided