5 Alarming Reasons Why Restaurants & Food Businesses FAIL
Published 2019-10-10
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👀 ABOUT THIS VIDEO
Starting a restaurant is no easy task. Keeping it open is another feat. 60% of restaurants fail to survive past their first year. But why do so many restaurants and small businesses fail to survive? What common restaurant mistakes or top reasons restaurants and F&B shops are making?
You've probably heard of that 60% failure stat before. That's one ugly and depressing number to hear. As a F&B shop owner, previous restaurant owner, and small business owner...it is a number that I see as a reality. It's tough. Starting a restaurant is already tough, but keeping it open is a whole 'nother beast.
Why do restaurant businesses fail so often? What is it about them? There are 5 reasons and common mistakes that I see new and novice restaurant owners make quite often...that end up costing them their whole business.
So if you're looking to learn why restaurants fail, common restaurant mistakes, why restaurants fail, a restaurant owner looking to avoid restaurant failure and closure, or an upcoming business owner looking to start a restaurant or in the process of starting a restaurant, keep watching!
5 REASONS WHY RESTAURANTS FAIL TO SURVIVE
• 5 Alarming Reasons Why Restaurants & ... …
• 5 Alarming Reasons Why Restaurants & ... …
#whyrestaurantsfail #startingarestaurant #wilsonklee
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👤 ABOUT WILSON:
I’m Wilson, your new restaurant business partner. I’m here to help turn your food and beverage concept into a reality with expert tips & tricks for success.
My videos are based on years spent in the industry building multi-million dollar businesses, including my own international dessert chain (720sweets.com/) with locations spanning the globe. Since my franchise was acquired (2020) it’s been my mission to share this knowledge with people like you who have great ideas, but just can’t seem to break through. If I did it all with no experience, so can you. I know firsthand the struggles and mistakes most entrepreneurs make, and want to show you exactly how to avoid them.
I’ve helped hundreds of restaurant owners and entrepreneurs create explosive Food & Beverage businesses. I’ve been awarded Top 30 Under 30, Young Entrepreneur of the Year, Top 10 Emerging Entrepreneurs, and recently a Forbes Business Council Member.
Find more great resources, check out www.wilsonklee.com/
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All Comments (21)
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💎 [FREE COURSE] Learn how to start an online food business - swiy.co/start-FPF-program 🚀 [FREE COURSE] Learn how to start a restaurant/brick&mortar business - swiy.co/Start-PRO-Academy
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These frightening reasons are: 1. Location 2. Improper Management 3. Ego 4. Not Knowing Numbers 5. Always running a promotion. This is truly a masterpiece to prevent business failures. 👏 May most of the restaurant owners know these beforehand to increase the chance of success. Thank you for sharing, Wilson! 🙏
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I'm so glad he mentioned proper treatment and trust of staff. He's 100% right that if a business owner looks after their staff, their staff will look after the business.
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You are very GENEROUS, I am the owner of restaurants. One of my restaurants started 2008 , mean that it is in boom point for 12 years. I know the hassles. And you points out all these hassles. You put all the important points in your 10 strategies. And in this specific video about restaurant failerity cases . THANK YOU VERY MUCH AGAIN! DINP TRADING from Ethiopia
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Dude. I can’t believe I found you, you are a gem!!! My parents have owned a restaurant for 20 years together but have never expanded and they are struggling! I’m trying to help them out but it’s quite stressful 😅 thank you for the content. Subscribed👍
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Wilson, you always give great information. Thank you!
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Thank u very much. for sharing your knowledge and experience
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Amazing videos, thank you for sharing your knowledge. So excited to open my restaurant
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Thank you very much. Very informative presentation. I really enjoy this.
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Thanks for the vid!
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thank you for all your informative videos, just got into it and i must say you seem like you know what you are talking about !!
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Thank you very much for your important points.
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Very informative !
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A very insightful video. When you work to avoid failure reasons you have to work on unique selling propositions as well to overcome business challenges.
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Thank you wilson for sharing this information
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i have been watching your videos for weeks now and they are amazing. Can you please do a video on how to you raised for your business
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Thanks mate. Very good information 👍👍🙏🙏
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Thanks for core point of F&B business it help and wake up call for who are not experience in this industry.
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Great information! Any insight as to what business concepts will be trending in 2020?
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This video was everything. I am now a huge fan of you as i walk through my journey to owning my first restaurant.. thank you one again
