The fail rate for most businesses is already very high but when it comes to the restaurant industry the rate is even higher. People often get into business without having a plan and will come to find that they do not have enough money to get started correctly or do not have the knowledge or experience necessary to run the place correctly. This happens all the time in the food and drink industry because it is something that a lot of people believe they are good at but what they do not understand is that you have to be excellent at it. It costs a lot of money to run a place and if you do not have a lot of customers coming in you will find yourself broke really fast. That is not a situation anyone wants to be in and can be really stressful.
The restaurants that always do the best are those that are start by people who have lived or worked in the industry before. People who were chefs for other owners or people who have been in a family business before. The experience and understanding of what it takes make a huge different in this industry.
Some of the most successful places are even in the hardest of markets such as New York City. Places like corvobianco can survive because they have an experienced management team who have been involved with a successful place before. Experience and knowledge are invaluable for places like Corvo Bianco because that knowledge help you know what goals you need to achieve in order to survive and how to meet those goals. Often it is all about understanding the volume you need, how to pick the right staff, and know how to keep costs down. This is stuff that you do not just know without having seen it before. Be cautious if you are interested in starting a restaurant business. It is hard work and very risky.