
Cameron Mitchell Discusses the Restaurant Business (Podcast)
Masters in Business
00:00
Restaurants Are Notorious for a High Failure Rate
I look at every five restaurants i open, one is not going to do very well, or might even close. The other three are what i call single doubles or triples. And so you average em. Altogether, i got five good ones. So we know we're on to get mistakes, but we we've gotten better our craft along the way. I go back to a when the high failure rate in the restaurant business, to me, is a little bit of em mis nomer. Simply put, a lot of people want to be in the restaurantbusiness idney and it's got a very relatively low barrierentry as far as cash goes. But because of that
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