Post #421425 by St Tiki on Sat, Nov 29, 2008 8:22 PM

On 2008-11-29 19:50, tikiskip wrote:

On 2008-11-29 04:54, Bongo Bungalow wrote:
Please excuse me for running-on a bit here, I just love talking about this stuff! I don't think I've said anything that everyone doesn't already know already.

Not true. Most people don't know these things.
I can tell just by what you say the you know what it is all about.
I too had a restaurant for 10 years. And I love talking about the biz too.
BUT when you open it will not be as glamorous as you think.
When I took over my parents place we had a great staff, well the dishwasher
was drunk or late or not there most of the time.( That means you do the dishes)
And you say you have other people who know the parts you don't.
When they leave YOU will need to stand in, Or have someone you know that can
get you out of a bind and stand in.
I have seen people put all of there money into a place and lose it all.
And this is after working hard in that place for many years.
I made good money at the restaurant and sold it after 10 years.
Most don't.
It is one of the highest failure rates of all businesses.
I will say though when it is good it's the best!
When it's bad it's hell!

Thanks once again for the info and words of wisdom! I am prepared for the long haul trust me!This means taking responsibilty for learning the business, MY business from top to bottom, inside and out! I never really planned on getting rich from my endeavors to be honest.

I also understand the importance of location,location, location! In my town, thats downtown and thats exactly where I am going to be. As I stated before I am building small-ish for a few different reasons. I want the small,personal feel type of place, and I want it to be an "experience" for every person that walks into the place. I am prepared to do what it takes to make it happen