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What Are Five Factors Which Contribute To The Failure Of New Restaurants?
Beginning of paper
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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 th .... Middle of paper
.... third of those remaining would fail in
their third year. As a result, there is about a 90% compound failure rate over
the first 3 years of a restaurants lifespan. (Mullen & Woods, 61)
You are not alone if you feel intimidated by the numbers. They can be
quite blunt and negative which attributes to one simple fact - it takes planning,
research and risk to venture into the restaurant world. There are five major
factors which can lead to ....
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Number of words: 1594
Number of pages: 6 (approx. 250 words per double-spaced page)
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