never do business with partner... trouble bounded to happen.
myversa 發表於 2009-12-10 11:47 
Partnership is always a difficult thing to manage and prosper.
A friend of my sister closed his restaurant sometime this year. There are three main reasons for the failure.
1) They have way too many shareholders. It is difficult to get people to agree on something and it is even harder to implement the issues they agreed on.
2) Chef is always a big challenge to deal with. The turnover rate is very high (either the chef quit or they had to replace the chef). It is very difficult to find someone is skilful and trustworthy. One of the most difficult challenges is food consistency. The taste and quality of the food just goes up and down along with the mood of the chef.
3) Their business volume dropped dramatically due to the economy downturn.
Nevertheless, he said he certainly learned a lot (in a hard way) from this failure, but he will be much better prepared if there is a new opportunity arises. |