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cajungrimes t1_ira8whn wrote

Reply to comment by Jet_Jirohai in How Florida's increased minimum wage could impact the future workforce by WallStreetDoesntBet

Why do American entrepreneurs cling to the restaurant industry so much? It's so unstable and the profits are so small and the stress is as high as business ownership can get. It's a bad deal, why do people still do it?

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tunaburn t1_irb5lto wrote

It's the easiest business to open. You don't need to think up anything new or have any great ideas. Just hire a cook (or in since cases cook it yourself) and you got a business.

Of course that's also why 1/3 of restaurants close down soon after opening and something like 75% fail within 10 years.

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Jet_Jirohai t1_irae9wj wrote

I work at a brewery restaurant and according to the brew master that opened it with the owner(who views this as his pet project in addition to his normal career) he chose it because craft breweries showed "the biggest industry growth" at the time

Honestly a terrible reason to start a business like this. He's a white collar money guy, not a restaurant/bar guy and it shows

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