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What Are Five Factors Which Contribute To The Failure Of New Restaurants?
?
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. economy. In
researching this topic, statistics numbers and percentages fly around routinely.
All give somewhat the same concept; in the starting years, most restaurants fail.
The most often cited statistic is the 95/5 ratio. 95% success and 5% failure.
Conversely, another favorite co ....
Word count: 1594 - Page count: 6
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