5 Alarming Reasons Why Restaurants & Food Businesses FAIL

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👀 ABOUT THIS VIDEO
Starting a restaurant is no easy task. Keeping it open is another feat. 60% of restaurants fail to survive past their first year. But why do so many restaurants and small businesses fail to survive? What common restaurant mistakes or top reasons restaurants and F&B shops are making?

You've probably heard of that 60% failure stat before. That's one ugly and depressing number to hear. As a F&B shop owner, previous restaurant owner, and small business owner...it is a number that I see as a reality. It's tough. Starting a restaurant is already tough, but keeping it open is a whole 'nother beast. 

Why do restaurant businesses fail so often? What is it about them? There are 5 reasons and common mistakes that I see new and novice restaurant owners make quite often...that end up costing them their whole business.

So if you're looking to learn why restaurants fail, common restaurant mistakes, why restaurants fail, a restaurant owner looking to avoid restaurant failure and closure, or an upcoming business owner looking to start a restaurant or in the process of starting a restaurant, keep watching!

5 REASONS WHY RESTAURANTS FAIL TO SURVIVE
#whyrestaurantsfail #startingarestaurant #wilsonklee
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👤 ABOUT WILSON:
I’m Wilson, your new restaurant business partner. I’m here to help turn your food and beverage concept into a reality with expert tips & tricks for success.

I’ve helped hundreds of restaurant owners and entrepreneurs create explosive Food & Beverage businesses. I’ve been awarded Top 30 Under 30, Young Entrepreneur of the Year, Top 10 Emerging Entrepreneurs, and recently a Forbes Business Council Member.

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[cateringcoachal]

These frightening reasons are:
1. Location
2. Improper Management
3. Ego
4. Not Knowing Numbers
5. Always running a promotion.
This is truly a masterpiece to prevent business failures. 👏 May most of the restaurant owners know these beforehand to increase the chance of success. Thank you for sharing, Wilson! 🙏

[dinpimportexport]

You are very GENEROUS,
I am the owner of restaurants.
One of my restaurants started 2008, mean that it is in boom point for 12 years.
I know the hassles. And you points out all these hassles.
You put all the important points in your 10 strategies. And in this specific video about restaurant failerity cases .
THANK YOU VERY MUCH AGAIN!



DINP TRADING from Ethiopia

[TravisMcInroy]

I'm so glad he mentioned proper treatment and trust of staff. He's 100% right that if a business owner looks after their staff, their staff will look after the business.

[arielambas]

Wow, only 6 likes? You deserve way more subscribers

[jakobdietl]

thank you for all your informative videos, just got into it and i must say you seem like you know what you are talking about !!

[bkkthaiuk]

Thank you very much. Very informative presentation. I really enjoy this.

[brianjoachim]

I agree you need good customer service clean restaurants good food and good prices good man just surround the restaurant and supervisors and good employees

[howtogrowyourrestaurantbus]

A very insightful video. When you work to avoid failure reasons you have to work on unique selling propositions as well to overcome business challenges.

[knafbgtx]

Dude. I can’t believe I found you, you are a gem!!! My parents have owned a restaurant for 20 years together but have never expanded and they are struggling! I’m trying to help them out but it’s quite stressful 😅 thank you for the content. Subscribed👍

[weezzey]

This video was everything. I am now a huge fan of you as i walk through my journey to owning my first restaurant.. thank you one again

[goodvibestravel]

Wilson, you always give great information. Thank you!

[easternhops]

first time viewer, I like what you have to say I agree to be kind to your staff and you get back 10 fold.
ps, it's nice to see a YouTuber reply back to comments and interact good job. Robert from Canada 30+ years in the Pizza industry. semi-retired now tho

[Shalini.__]

I appreciate what you said about ego...many businesspeople with ego I tended to not go back to and some even actually hurt me. Every complaint is a hidden request...

And honestly you are creating such valueable content. You are smart, successful, and straightforward. You are definitely goals. Thank you 😊

[charleshenderson]

Good video and nice Information. I’ve been in the food industry for 36 years it’s a lot more to it than what you saying.

[m]

Accepting criticism point reminds me. one time I want to chinese restaurant and unfortunately the food was really bad and the old waitress (I believe she was the owner) came to us and ask how was the food. And I told her it was bad and surprisingly she told me this is how it test. I laughed and left the restaurant and never came back

[Snownout]

Amazing videos, thank you for sharing your knowledge. So excited to open my restaurant

[Carl]

Great video! Thank you! This is really helpful. Is there a way to find out how much each competition in the area is making revenue or profit wise?

[gemsbok.]

Great video overall, maybe tone down a little on the sounds when new text comes on the screen. It gets a little annoying hearing it so much.

[a.r]

Man do something about your sounds effects please make it stop!!!

[bkrb]

Thanks for core point of F&B business it help and wake up call for who are not experience in this industry.