Restaurants fail faster and more often than any other small business. Texas and Florida ranked second and third. The South Atlantic states, Nevada and Washington are predicted to be the big growth areas in 1997.
Restaurateurs are quick to say that success is a combination of research, planning and dedication.
You need to love the business and to have experience in the business in order to make your venture a success. Working in a restaurant is the fastest and least expensive way to learn how to manage the business-if it is really what you want to do. The hours are long and typically restaurants are open every day for lunch and dinner. That makes for very little down time, so you should research your decision thoroughly before opening your doors. Developing a business plan is crucial to obtaining a loan for your restaurant.