The restaurant business is not for the faint-of-heart, but there are a lot of myths floating around about its success rate. An American Express commercial once noted that 90% of new restaurants fail within the first year, and although that figure was bandied about for a time, it’s far from the truth. A study by [...]
According to the National Restaurant Association, in 2017 the restaurant industry was the second-largest private-sector employer, providing jobs and careers for about one in 10 working Americans. However, restaurant operators faced a challenging business environment, something that’s par for the course in this highly competitive industry; studies by Professor HG Parsa, chair of the Department [...]
