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What Are Five Factors Which Contribute To The Failure Of New Restaurants?
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Definition of Business Failure: Business that ceased operation following
assignment or bankruptcy; ceased operation after foreclosure or attaching;
voluntary withdrawal leaving unpaid debts.
It is a common assumption in the restaurant industry that restaurants fail
at an exceedingly high rate, the highest failure rates in the U. S. ec ....
Middle of paper ....ibutes to one simple fact - it takes planning,
research and risk to venture into the restaurant world. There are five major
factors which can lead to success or, in this case, failure of new restaurants:
capital, type of establishment, location, labor and management.
In order to start any business, an entrepreneur needs money or capital.
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Word count: 1594 |
Page count: 6 |
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