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I often wonder how these things are calculated. I just don’t know that there is enough time in a year and enough buildings in a city for there to be 100 times
by mikkergp 9y ago
I often wonder how these things are calculated. I just don’t know that there is enough time in a year and enough buildings in a city for there to be 100 times as many attempts as there are successes, unless you include everyone who has ever thought, “I’ll open a restaurant!” And goes back to watching TV. Put another way, if 10 restaurants were successfully launched in a year, that implies 990 failures.
- conductr 9y agoI've thought the same thing, I think it's a national stat and there is a lot of stuff opening in markets that make no sense for a restaurant in the first place. It's invisible to me, maybe you, because we live in and frequent urban/suburban places of middle+ class economics where seemingly most restaurants succeed. The rural and <middle class areas is where a lot of the failure comes from. That's my hypothesis anyway.