Posted on June 10, 2015.
One thing new restaurateurs should always expect is the unexpected – interminable waits for permits, scary surprises behind walls – and if you fail to budget for such expenses, you could go belly up. There are many reasons restaurants fail, but about 80% of those that fail go under “because […]
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Posted on June 4, 2014.
CNBC has announced that “Restaurant Startup,” the newest addition to its primetime reality lineup, will premiere on Tuesday, July 8th at 10pm ET/PT. Produced by Shine America, the eight one-hour episodes feature restaurateur and TV personality Joe Bastianich and chef and restaurant operator Tim Love who vie to invest their […]
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Posted on February 13, 2012.
There are far more than 10 reasons for a startup restaurant’s failure. However, let’s focus on the 10 most common mistakes a startup restaurant makes: “Failing to plan is planning to fail.” Steven Covey further states in his bestselling book, The 7 Secrets of Highly Successful People, “if you don’t […]
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Posted on April 19, 2011.
Many people at one time in their lives dream of opening their own restaurant. They may have a great idea with the energy and devotion to make it happen. However, the one essential ingredient that they do not have is the financial wherewithal. Here is the typical requirement scenario for […]
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