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Tinkeringz | 3 years ago

This goes against Bourdain's experience per his book Kitchen Confidential.

Most new businesses fail, especially in the restaurant industry, where the equity will be worth 0 (maybe even less).

There will always be a constant stream of new restaurants needing a chef and will pay (cash) for their services.

Change restaurants for startups and chefs for programmers.

discuss

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Mikeb85|3 years ago

> Most new businesses fail, especially in the restaurant industry

The rate of restaurant failures is lower than the average for all new businesses.

And it's possible to have hit after hit in the restaurant industry. Most restaurateurs are just shit at business.

bush-bby|3 years ago

Source?

ethbr0|3 years ago

Food truck or popup / shared restaurant seems like the sweet spot for risk:reward.

Cthulhu_|3 years ago

Possibly, depends on location, niche, and various other factors outside of your control like if there's going to be a pandemic that forces restaurants to close. Plus it's still a big risk in the upfront investments you need to make.

vageli|3 years ago

Or ghost kitchens.