@dropoutmm: Why restaurants fail... #businessowner #restaurantowner #entrepreneur #businessadvice #businessfailure #salestips

The Dropout Multimillionaire
The Dropout Multimillionaire
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Region: US
Friday 29 December 2023 21:33:42 GMT
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garyg912
garyg912 :
As a chef I can tell you not easy to sit down and do books after working 8 10 hours. Most starter restaurants go for the glory of a hail mary.
2024-01-01 01:20:54
3
flatbush_fc
the Flatbush FC 🔹 :
this one makes up numbers too
2023-12-30 21:50:24
0
brianleishman20
Insane Horse :
Chefs should know food cost, labor cost and overhead. It's taught in culinary school as part of kitchen management and also handed down by an apprentices mentor.
2024-03-05 21:46:07
0
strattoncherouny
Stratton Cherouny :
#2 is true, but not fatal in itself. Anyone who wants to turn their craft into a business should first read The E-Myth by Michael Gerber.
2023-12-31 16:15:46
1
lyndonrees1964
Lyndon :
Start up costs are so high and overheads costs are high too !That's 👍 Before you turn the grill on !
2024-01-01 04:17:07
0
barkeep2727
barkeep27 :
Always has been. Decades.
2023-12-31 21:31:07
1
backcreekflip
backcreekflip :
Food trucks are the answer costs are under control no BS faculty costs
2023-12-31 17:29:04
0
cashflowrida69
gotBULLjunk.com :
Home cooking. Neither. 70% less operating costs
2024-01-01 16:09:13
0
bbbagelwizard
bbbagelwizard :
That BLT is still over priced
2024-01-04 20:41:46
1
tumaco0
Tumaco :
😂😂😂
2023-12-31 17:14:16
0
hundolbill
user5887008583782 :
That’s cuz you charge $ 3.00 for a soda stop overcharging your customers
2024-01-01 20:55:48
0
nestorhernandez191
Nestor Daniel Hernandez :
A more intriguing question is how do they loans for thousands without knowing they’re numbers. Who are these banks??
2024-01-01 19:01:28
2
cashflowrida69
gotBULLjunk.com :
Ghost kitchens !!
2024-01-01 16:08:45
2
cassidyhancock0
cassidyhancock0 :
You forgot late night partying with lots of coke
2024-01-01 02:14:04
2
bradkendrick448
bradkendrick448 :
plus they peak at 6months.
2024-01-01 03:38:49
1
erniepyle0
Ernie :
WOW A WHOLE 13 years!
2024-01-01 02:49:06
1
user2651519235008
user2651519235008 :
Still too expensive
2024-01-01 02:06:15
1
buckybadger48
Paul :
Rent has increased too
2023-12-31 19:35:45
1
cpdlc123
CPDLC :
Not easy. In less your dardens corp
2023-12-31 16:49:05
1
basketweaver74
Basket weaver :
Why they succeed; luck, location, and timing.
2023-12-31 16:47:32
1
qsysopr
Qsysopr :
Spot on. One of the more difficult businesses for sure.
2023-12-31 15:58:14
1
unclegrumpy67
unclegrumpy67 :
Under capitalization
2023-12-31 15:10:03
1
josejoeyg
Jose Joey G :
Even though they pay their employees $2 an hour & they still can't stay in business?!! 😳 😢🥺
2023-12-30 16:39:28
1
user1171149740572
user1171149740572 :
You talk about cooks, as chefs are trained in financial aspects and most would understand such💯 Accounting for non accounts 😏
2024-01-09 08:55:24
0
financialguru24
Ridem Cowboy 69 :
I agree
2024-01-02 06:31:11
0
stickman203
Stockman 1 :
He speaks the truth
2024-01-01 21:58:16
0
user8818534668772
Joe :
If you have allot of customers you don’t need to know your numbers because you have enough money lol 😂
2024-01-01 18:20:58
0
lanefole
lane foley :
sounds like you dont understand your numbers you charge $16 for a blt, how do you expect to succeed when your robbing your customers
2024-01-01 18:14:40
0
bobpela
bobpela :
it appears that restaurants keep raising their prices beyond reason. I don't see the deep analysis. Two people, dinner w/ 1 drink each. $100-110 incl tip
2024-01-01 16:14:18
0
cashflowrida69
gotBULLjunk.com :
Cabo $1
2024-01-01 16:08:50
0
mynameisrickeybobby
StopLookingAtMyProfile :
my grandfather and father owned italian restaurants my father always said "Don't do this this is a horrible business" and he was right
2024-01-01 06:02:23
0
paulcutler305
paulcutler305 :
You left out the food,service and value suck.
2024-01-01 03:46:05
0
mochapine
Mocha Pine :
costs seem like a simple enough math to teach in 12 years of education lol
2024-01-01 03:23:13
0
okcgolfer
okcgolfer :
Net sales = check average X transactions. If you can’t figure those out, you’re done
2024-01-01 01:24:10
0
jasonbender2
jason bender :
Cuisine type, is a strong motivator for customer.
2023-12-31 21:50:52
0
pyre_nashvillehotchicken
pyre_nashville_hot_chicken :
wow a whole 13 years in the business😂
2023-12-31 19:55:13
0
ronjones_idahorealtor
Dr. Ron Jones | Idaho Agent :
Yes! Great vid. I love the restaurant concept but know that the odds would be stacked against me. Trigger shy.
2023-12-31 17:59:13
0
rawoffroad
T.W :
Add over charging for tips next
2023-12-31 17:51:55
0
cev70
user1778155627192 :
Blah blah blah
2023-12-31 17:08:10
0
mblotta5
Mblotta :
It’s amaizing how much the restaurant business mirrors the trades business, like HVAC, plumbing, and electrical.
2023-12-31 16:36:30
0
jimbuttz
jimiebutz :
almost evert successful restaurant can repeat on another restaurant. no matter the style restaurants
2023-12-31 16:30:11
0
nikki11beach
Nikki11Beach :
Can not believe how unfriendly bartenders are… I love to eat at bar… I’m great tipper
2023-12-31 16:25:33
0
robertfleming773
@robertfleming925 :
Don't know your numbers don't know your business. Chef owned restaurantuer for 23 years. the numbers drive 95% of our decisions
2023-12-31 16:20:54
0
rogerreddy8
rogerreddy8 :
😊😊😊
2023-12-31 16:16:50
0
usecommonsense02
usecommonsense02 :
Facts
2023-12-31 15:32:30
0
grundy31
Crash Colinder :
Not to mention, the oligarchs won’t tolerate mom and pop businesses.
2023-12-31 15:14:57
0
stathidemo
Stathi Demo :
you are right!
2023-12-31 14:59:22
0
deckdrive067
deckdrive067 :
Just like trucking
2023-12-31 13:41:34
0
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