Why Do Businesses Fail?
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Why food business fail within a year 🤔 1️⃣ Lack of Financial Planning 💸: Many businesses fail in their first year because they don’t accurately calculate their expenses, costs, and profits. 2️⃣ Lack of Skills 🛠️: Essential skills like people management, financial management, and leadership are often missing. Moreover, experience plays a crucial role. 3️⃣ Poor Location Choice 📍: Opening a restaurant? Choose a spot where there’s high foot traffic. 4️⃣ Lack of USP (Unique Selling Point) 🌟: In
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Why food business fail within a year 🤔 1️⃣ Lack of Financial Planning 💸: M…
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Why restaurants fails? Failure rate for a restaurant business is too high compared to other businesses. Restaurant business has all the activities of other businesses, so if you miss one activity then your business under RISK. Just making proper processes for all activities, you can reduce your RISK. | Atto Tamilarasan
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40K views | 勞 THIS is the NO.1 reason why restaurants FAIL!...
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