In the market, the restaurant industry is a long-term project. Huge and steady demand is the foundation of the industry's prosperity. However, it is very competitive and there are successes and failures in competition. It has been said that the food industry has become the industry with the highest failure rate for entrepreneurs, and no one is going to have an increasingly difficult time. The data shows that only two years away from 80% of entrepreneurs in the food and beverage industry.

If you do decide to open a restaurant, some front-end costs are essential and there is no need to worry about saving money. Too often, investments are cut in the early stages and lost control later on and the store closes. These items are indispensable for site selection studies, business strategy, branding plans, investment analysis and pre-launch.

Some founders say, "Starting a business requires careful calculation of all costs." There's no such thing as precise cost control, but it's a mistake, a misguided, confusing investment and spending. The purpose of spending is to spend money on happiness; the purpose of investing is to generate financial benefits. Money saved up front will be used for business development, such as business category changes, frequent management team changes, etc. This internal spending will eat up your money, which will be negatively impacted by unexpected expenses.

Without great team support, internal management disorganization, lack of staff training, product, service and other issues are inevitable. Even if you've recruited a great team, a restaurant can be just as dangerous if the team is digging in or winding down. For example, one new restaurant had her entire team forced to close. As a result, she put a lot of effort into training and managing people, i.e. avoiding the same situation. A restaurant business that lacks a team to support it is not destined to go far.