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Owning Your Own Restaurant Essay

898 Words4 Pages

Has the thought of opening and owning your own business ever cross your mind? If so, did you convince yourself that owning your own restaurant is the best way to be a business owner? Studies prove that many people with the intentions of owning their own business believe that owning a restaurant is the easiest way to develop a business. Sadly, owning your own restaurant is more challenging than perceived to be. Independently owned restaurants start off as a small business, which may result in three possible outcomes within the third year of opening: being successful, making little to no profit, or failing by making no profit at all. Wistfully, the amount of independently owned restaurants that actually become successful are low in numbers compared to the amount of independently owned restaurants that make little to no profit. Furthermore, independently owned restaurants that make little to no profit are low in numbers compared to independently owned restaurants that fail. As a …show more content…

The myth of cutting a ribbon to your new open space, while you welcome, loved ones in to celebrate your first step may seem exciting at first; however, the cost to fully furnish the open space, Including kitchen supplies, can cause the anguish of grief. This specifically would be the first experience you may encounter with fiance anxiety. Fiance is an important aspect within a business. Specifically, a restaurant business will always be in need of new supplies; therefore, the owner should always be financially stable. In addition, you should always worry about the kitchens stability requirements, which may vary depending on what state the restaurant is located. This is important because you will always need a security finance if anything possibly goes wrong. This issue is one of the main reasons why restaurants are usually shut down or put out of

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