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The restaurant biz is brutal. I had been in the management side for 16 years, and my partner had sold his software company so he had some money. He had always
by greedo 9y ago
The restaurant biz is brutal.
I had been in the management side for 16 years, and my partner had sold his software company so he had some money. He had always dreamed of owning a restaurant, so he ponied up a large % of the money.
Our food was good, our location was okay, our service was pretty good as well. We closed 3 months later.
- ForRealsies 9y agoPeople get swept up with the idea of 'being your own boss' all the time, to avoid working A Job. Many business owners are working A Job in disguise.
- argv_empty 9y agoIt is perversely fun to read stories of people who started their own business in order to not have a boss, only to realize that they suddenly have a dozen bosses who don't even coordinate with each other to keep their combined demands reasonable.
- ForRealsies 9y agoThe only way to escape A Job is to earn passive income. The only way to do that in the Restaurant Industry is to own a chain/franchise.
- greedo 9y agoI've never met a franchisee in the food business who was passive in any way. Most worked very long hours, ironically, more hours as they became more successful.
- ForRealsies 9y agoOwn a franchise, not be a franchisee. Sorry I wasn't more clear, you're correct.
- 567arlo 9y agoInteresting, any basic insights why that was? Not enough customers, bad margins etc.?
- greedo 9y agoNot enough customers, prices a bit high, undercapitalized.