Many people dream of owning a restaurant. Some make their dream of a reality. A significant portion of those business owners have no idea what they are doing and apparently never watch TV.
That's because there are currently two shows about failing restaurants. The most famous is FOX's Kitchen Nightmares hosted by Gordon Ramsay. The other is Food Network's Restaurant Impossible hosted by Robert Irvine.
Both shows have a similar premise: A renowned British chef goes to a failing restaurant. He tells the staff what's wrong, implements a new menu while designers give the restaurant a new look.
Prospective restaurateurs must never watch these shows. Both have been on for several seasons and the owners all seem to make the same mistakes over and over again. For example:
Having no idea how to manage a restaurant because they have no prior management or business owner experience.
- Going without a salary and/or mortgaging their homes to keep the restaurant afloat because they have no idea how to manage money.
- Serving horrible food because either they do the cooking themselves or hire someone subpar to do it.
- Being control freaks, having a temper or otherwise having emotional issues.
- Having a home/family life in discord because the restaurant is failing.
Watching these shows is proof positive of one thing: How vitally important it is to do market research, write a business plan and know what you're doing before opening a business.
Do you watch these shows?