This is exactly correct. I've got twenty years of restaurant
experience, including ten as an owner operator. Service in this
business is a large part of the success of the operation. An owner
needs to remain agile, constantly improve, provide new values, and
stay committed to excellence in oder to keep this type of business
open.
The two examples (Porters and Molly Quinn's) listed are showing the
symptoms of failure to adapt. I tried to spend money at MQ's the other
day and they were closed. Restaurant and bars positive cash-flow
businesses, meaning they take in cash for most of their sales and can
get terms of a week or two from their labor, a month on occupancy costs
and a week or more on COGS. A failing business can survive for quite
sometime with real loses and still have positive cash flow. Things
start to catch up after several months.
Businesses already have many advantages in the world. We need to
understand that their lives are just as finite as people's. Government
regulations are part of the existing conditions that any business must
contend with. Isn't great to live in a country where the rule of law is
so often respected.
-Erik
Wishing that governments and our leaders wouldn't hide their moral
lapses behind the letter of the law.
On Oct 27, 2005, at 7:57 PM, [EMAIL PROTECTED] wrote:
The conversation should be about why the bars spent all their energy
fighting the ban instead of updating their business plan.
In cooperation,
Erik Riese
Seward US@:
A great place to live, work, learn, create and play.
(612) 724-3217
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