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Beginning of Paper
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What Are Five Factors Which Contribute To The Failure Of New Restaurants?
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 restau ....
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Middle of Paper
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.... - it takes planning,
research and risk to venture into the restaurant world. There are five major
factors which can lead to success or, in this case, failure of new restaurants:
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
diffic ....
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SUBJECTS
