When it comes to restaurant business and profits, there are a lot of common problems that can arise. While there are not many industry barriers for getting into the business, however, here are some of the reasons why most restaurants fail among startups.
17%
< 1 YEAR
80%
< 5 YEARS
Source: Soocial.com
61%
< 3 YEARS
3.75 Years
AVERAGE LIFE SPAN
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About the Author ...
Andrew Lo, is an avid management consultant, multi-chain restaurant practitioner, and advisor to startups and some market leading restaurant brands in Asia. Apart from over 25 years of hands-on experiences in the industry, Andrew also has a business doctorate, two master degrees and a list of professional credentials from Harvard, Wharton, TuDelft and Singapore's NTU to support his findings and authorship of this rich-content book.
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