Resurrecting A Dying Restaurant
Summary
The Restaurant Life Cycle comes in phases: When the average person reaches retirement, they look back and if they planned efficiently they have a retirement fund that will carry them on through later years. The people that have not planned for retirement can keep working; rely on social security; reduce the cost of living and other options. The parents turn the business over to the children, new owners come in create fresh energy and based on their location, have a long standing popular restaurant. The focus changes to meet the demands of a growing business and with time we lose the energy, vision and excitement. This was the time that you transformed your idea into a concept that you felt you would be successful based on your research, knowledge and experience.