Quote:
Originally Posted by GMScud
The restaurant industry is really tough. My boss and his brother started a bar/grill right after college and it failed. Set them back a few years financially. Fortunately now we are both working for a fantastic restaurant group that is killing it right now, but it's established - nearly 12 years in the DC area.
I love the industry, but I don't know if I would want to open up my own restaurant/bar. Getting any small business started is a 7 day a week job for a long time till you're fully on your feet. Plus the failure rate is so high. I would do it if I was one of a handful of investors and I didn't have all of my eggs in the basket so to speak. Plus the concept would have to be unique and powerful. In a town so diluted with restaurants and bars like DC, you've got to stand out or you're done.
I actually almost started a car detailing business a few years back, but decided against it. For now. It's still something I may venture into a few years down the road. I have some great ideas for it I think.
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I almost think the key may be to try to be a big fish in a little pond, rather than opening a place in a saturated area. My parents ran a successful small town bar/restaurant and my Grandparents on both sides did as well.