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This is a free sample preview of the essay
What Are Five Factors Which Contribute To The Failure Of New Restaurants?
Beginning of essay
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Definition of Business Failure: Business that ceased operation following
assignment or bankruptcy; ceased operation after foreclosure or attaching;
voluntary withdrawal leaving unpaid debts.
It is a common assumption in the restaurant industry that restaurants fail
at an exceedingly hi ....
Middle of essay
....nts:
capital, type of establishment, location, labor and management.
In order to start any business, an entrepreneur needs money or capital.
This capital could include all expenses, such as loans, rent, payroll, and
insurance. Some argue this is what causes restaurants to fail. Given the
information that restaurants are most likely to fail than succeed, it is always
difficult and often impossible to interest bankers in making loans to
entrepreneurs who operate in a high risk industry. Ev.... |
| Number of words: 1594 |
Approximate pages: 6 |
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