Re: Update: 7/26
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Chaos,
This thread is great, but I would be scared to invest in this type of business. You have to put a lot of money into it just to open the doors. What if people don't come? I think I heard that bars and restaurants are the hardest businesses to break into.
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The stats aren't great, but they're also not nearly as bad as the general rule of thumb seems to indicate.
From what I've read 30% will fail in the first year, and 70% by the fifth.
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