Running a business is hard, running a restaurant, even harder
Here is what you need to know to be successful… Most restaurant owners are not typically a financial expert and that is okay, but at the very least, as a business owner, you have to know your basic numbers so you can better plan, forecast and reduce your chances of failure. Starting a business, let alone starting a restaurant has some risks, but so does waking up and taking a shower, walking out of your front door, you could get hit by a bus, driving and flying has risks, but your goal is to mitigate risk and take calculated risks. After all, if you take no risk, there are no rewards, that is why many people work 8 to 5 because they are afraid of the unknown risk. In this article, we are going to clearly review how to continuously reduce your chances of going out of business, i.e. reduce risk, which in turn, helps you be profitable and successful. Remember, if you are making money, it doesn’t make you successful. Making money is the byproduct of being successful. Get a plan together,