Secret Sauce - The Restaurant Marketing Podcast

26 - 9 Common Reasons why Restaurants Fail

Informações:

Synopsis

 We look at the reasons why restaurants fail.  To many Restaurants close, but we aren't talking about that kind of failure.  We are talking about the Restaurant owner or chef who don't have a Restaurant that is meeting the requirements of their personal plan.   They are working too many hours. They aren't making enough money. They don't spend enough time with their family. They can't take time out from the Restaurant for a holiday. That isn't good enough.  Running a small business is hard and stressful and running a Restaurant is one of the hardest and most stressful types of businesses.  Let's look at ways that can cause failure and ways that you can avoid failure and start being successful.  1. Cashflow, leases, cashflow, understanding the P+L and the profitability hospitality metrics that you need to focus on. 2.  How to be objective about your Restaurant.  How can you use open and objective information about your restaurant to make it better. 3. Lack of innovation.  There are so many things that can be