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What percentage of restaurant businesses fail within the first year?

ngpf.org 5/16/22

Q:

Entrepreneurship

QUESTION OF THE DAY

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Entrepreneurship

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A:

QUESTION OF THE DAY

Source: Fortunly

Restaurants have about a 20% failure rate within the first year, just like businesses in other industries.

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FOLLOW-UP QUESTIONS

  1. Why do you think there's a common misconception that restaurants fail more than other businesses?�
  2. What are some reasons you can think of that would support the food service industry being a stable business idea?�
  3. What are some examples of restaurants in your area that either failed or have succeeded? What contributed to that outcome?