What are your thoughts in restaurants don’t make money…
1 reactions
What are your thoughts in restaurants don’t make money?
I’ve worked in multiple restaurants also for my family members who have failed and succeeded in this field. So from what I’ve learned, from multiple owners and managers watching and studying them is that, restaurants are one of the easiest businesses to get into and that’s why so many fail, Because so many people can get into it easily. But I believe that it’s like the saying, not everyone’s meant to be a business owner and people forget that restaurants is business. I’ve spoken to a lot of owners who seem to be naive about what’s wasting them money and they seem to not care! that when I realized that’s why so many restaurants fail. Also I realized how little a lot of owners network outside of the restaurant field! The once who I’ve seen who do great, know people in construction, finance, and more. You’d be surprised how many restaurant owners get taken advantage of!because they hire a random to fix something compared to someone who has a friend or family member in that field. Currently I’m working at a place that lack a lot of systems and focus, trust, and professionalism is lacking and they’re closing down next year! I’m currently just trying to gain as much experience as I can because I’m planning on opening a restaurant! Of course I have my investors, mentors, network, and experience ready for when I’m ready.
What do you think? Why do so many restaurants fail other than profit margins. I want to learn and if you have any experience in this field what advice would you have?
#business
source
I’ve worked in multiple restaurants also for my family members who have failed and succeeded in this field. So from what I’ve learned, from multiple owners and managers watching and studying them is that, restaurants are one of the easiest businesses to get into and that’s why so many fail, Because so many people can get into it easily. But I believe that it’s like the saying, not everyone’s meant to be a business owner and people forget that restaurants is business. I’ve spoken to a lot of owners who seem to be naive about what’s wasting them money and they seem to not care! that when I realized that’s why so many restaurants fail. Also I realized how little a lot of owners network outside of the restaurant field! The once who I’ve seen who do great, know people in construction, finance, and more. You’d be surprised how many restaurant owners get taken advantage of!because they hire a random to fix something compared to someone who has a friend or family member in that field. Currently I’m working at a place that lack a lot of systems and focus, trust, and professionalism is lacking and they’re closing down next year! I’m currently just trying to gain as much experience as I can because I’m planning on opening a restaurant! Of course I have my investors, mentors, network, and experience ready for when I’m ready.
What do you think? Why do so many restaurants fail other than profit margins. I want to learn and if you have any experience in this field what advice would you have?
#business
source
1
| 3,000 mlx | |
| 2 | |
| 1 |