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Despite what you've probably heard, restaurants actually fail far less than other types of start up businesses. In a booming economy there will be very few bui
by Mikeb85 9y ago
Despite what you've probably heard, restaurants actually fail far less than other types of start up businesses. In a booming economy there will be very few built out restaurants available to buy, and they'll probably have some sort of fatal flaw. Plus, you get TI money if you take over an empty space, and as you can build out how you want, the rewards are potentially better too.
- justin_vanw 9y agoRestaurants may fail less often than other startups, but the potential upside is microscopic compared to other startup type businesses. Restaurants are the opposite of scalable: costs scale basically linearly with revenue, but worse complexity of managing the business scales not linearly, but still very poorly with revenue.