1 year ago
Last edited at 4:49AM on 3/7/2013
According to the Dept. of Labor Statistics, more small businesses fail than actually are successful. It is sad, but it's a way of life. Not everyone can be successful in their own business. Dreams are great, but there is also the reality that they might not come true.
It is indeed sad when small restaurants don't get businesses. However, this should not cause people's dreams to be crushed but make them pursue these dreams all the more. There are several successful businesses that started off low.
Yes. It's getting harder for middle class Americans to make ends meet, and eating out is one of the easiest areas to cut back on. With Obamacare looming, this country is going to be full of part time workers who Really can't make ends meet.
There are a lot of people with passion, a dream, an idea and the desire to own their own business. And many of them have absolutely no business sense whatsoever. That's often their failing. But here's something that may put a positive spin on it. While a business may fold, it's possible that they recouped their initial investment, actually made a coupla bucks and got out before losing it all. Yes, going out of business can be sad but it doesn't have to mean broke.
Opening a restaurant is one of the riskiest businesses to get involved in. Hopefully people understand that going in. To compete against large restaurants and fast food a smaller place has to make itself stand out in a way some how and in a way that makes it popular.
The number one failing business is the restaurant business. The number 2 failing business is the contracting business. To fail in the 1 failing business is not hard to do. It would take much research in their area to determined the best meals to create. You have to be the best at what you do not just good.