Quote:
Originally Posted by rubicon
Guess what type of business fails more readily in its first year?
Rent amounts are subject to the laws of supply and demand in the local market
Management is a pivotal factor in a business's success or failure.
Business plans must be realistic and intentionally conservative
There are unpleasant circumstances that could never be predicted and the reason for being intentionally conservative in a business plan.
Cash flow is critical and the continually increase/decrease of population in Florida exacerbates planning. This is especially difficult for restaurants because much of their inventory is quickly perishable
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And...drumroll.....never expect to live off the proceeds from your new business for at least the first two years.