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Why would anyone in their right mind go into the Restaurant Biz?
Posted on 11/12/14 at 4:40 pm
Posted on 11/12/14 at 4:40 pm
the failure rate is incredible..I've seen people sink their life savings into starting a restaurant because it seemed cool and then lose it all….plus even the successful ones have to work so many damn hours they end up divorced.
23
Posted on 11/12/14 at 4:42 pm to Tiger Ryno
You sure have been worried about other people's financial situations lately
Posted on 11/12/14 at 4:44 pm to Tiger Ryno
So people with a passion to cook and have an entrepreneurial spirit should not make a solid attempt at their dreams????
Posted on 11/12/14 at 4:44 pm to Ed Osteen
i'm just a very conservative financially person
Posted on 11/12/14 at 4:45 pm to Phil A Sheo
there is a reason most of them fail…the vast majority don't have any clue as to what it takes to be successful
Posted on 11/12/14 at 4:46 pm to Tiger Ryno
I honestly think the answer is that the folks that can cook have zero business sense and blow it through bad decisions. Besides, making delicious food is a small part of the equation.
Posted on 11/12/14 at 4:46 pm to Tiger Ryno
bc not every restaurant owner sinks their life savings on opening, and some aren't married yet and thus avoid divorce
Posted on 11/12/14 at 4:47 pm to Tiger Ryno
quote:
the vast majority don't have any clue as to what it takes to be successful
While that is partly true.. There's a whole lot more to it then that
Posted on 11/12/14 at 4:49 pm to Phil A Sheo
i dont get it either. I get told all the time I should open a restaurant. frick that.
Id rather get divorced!
eta: I have thought about starting a food truck. Find some grocery store that has good gumbo in LA, and ship it here. Then dish it out, I think it could be huge.
Id rather get divorced!
eta: I have thought about starting a food truck. Find some grocery store that has good gumbo in LA, and ship it here. Then dish it out, I think it could be huge.
This post was edited on 11/12/14 at 4:51 pm
Posted on 11/12/14 at 4:50 pm to Tiger Ryno
I agree about running your own restaurant. It sounds awesome but I'd never want those hours. I have known a few people who have some franchises and are taking it in just being owners. Now at some point I'm sure they killed themselves working, but not anymore.
Posted on 11/12/14 at 4:52 pm to Tiger Ryno
The failure rate for any business is very low.
Posted on 11/12/14 at 4:53 pm to Tiger Ryno
A friend of mine and his wife took a swing at it. His family had some restaurant experience and hers had a lot. Went well for a couple of years before an epic crash and burn.
Posted on 11/12/14 at 4:56 pm to JoePepitone
Shreveport is fricking all of there restaurants. Right now it's a zero sum gain. When one opens up, another fails. I don't care how good your food is. It's like trying to keep 10 car lots open in Mansfield. It just won't work.
Posted on 11/12/14 at 4:57 pm to alajones
with franchises you really have to own several to make decent money
you never talk to a guy that owns one pizza hut or mcdonalds....you talk to a guy that owns 15
you never talk to a guy that owns one pizza hut or mcdonalds....you talk to a guy that owns 15
Posted on 11/12/14 at 4:59 pm to yellowfin
I don't know. The owner/store mgr to a Dominos I worked at 15 years ago was making about $70k.
Posted on 11/12/14 at 5:00 pm to yellowfin
The son of the Panthers owner had about 55 Bojangles franchises...
Posted on 11/12/14 at 5:01 pm to Tiger Ryno
My wife won't let me... Or the slut hut would be booming!
Posted on 11/12/14 at 5:01 pm to alajones
that's not exactly killing it when you consider the risks of owning a business
Posted on 11/12/14 at 5:03 pm to Tiger Ryno
People are dumb generally. It's incredibly hard work and you have to deal with drama/turnover from employees and constant pressure for new competition. Also you must keep at it to maintain quality.
It's a terrible business.
It's a terrible business.
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