2 ms·
I'd say that running a successful business in general is hard. But with restaurants specifically, I'm convinced that it's touted as really hard because they're
by exclusiv 7y ago
I'd say that running a successful business in general is hard.
But with restaurants specifically, I'm convinced that it's touted as really hard because they're run by people that aren't that savvy. You have people who are like, "I can cook". Just like people say "I can code". That doesn't make you an entrepreneur. Yet food service attracts a lot of wannabes and they sap up a lot of small biz funding.
What's amazing to me though, is restaurants have found a way to offload the bulk of their wages (via tips) and they still have an astounding rate of failure.
Be known for something. Keep your menu tight. Know your costs. And take care of your employees and customers and you'll get repeat business.
I have no sympathy for restaurants because of their sweetheart wage deal. They made their own bed and they don't even realize it. Eating out is a luxury and we'd be better off with way less of them but higher quality.