Forums: Discussions for entrepreneurs and small business.

Restaurant is a risky business isn`t it?

Better off flipping properties???



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yep, restaurants can be risky.  However, building one from the ground up can be extremely rewarding.  With the way the market is.... I don`t know which is more of a risk right now.  People gotta eat, right?  And, with the price of groceries, gas and electric going up so much.... well, sometimes eating out can be more cost effective.

don`t put too much value on the existing equipment though.  Good restaurant equipment can be had for a dime on the dollar.  Location, the market and how well you put together a menu that appeals to that market in that location.... those are key.

I just helped a young lady open a cupcake business. When she first told me about the business I thought she was crazy. I spent hours with her trying to talk he out of it. (It didn`t work) So I said let me help you get started. She did not listed to me for one minute anything I said she did the opposite. Well to make a long story short, she opened some three months ago and ...she is the biggest hit in town. The thing that made her go on against all odds is when she informed me, "Fear of failure is not going to keep me from doing what I want to " At that time I knew it was time to help her not fight her.

Good Luck, I know you will make it.