Many people dream of opening restaurants and bringing their visions to life. But with relatively high failure rates, owning a restaurant can be a precarious prospect, especially if you're coming in with little to no experience. It's estimated that 60% of new restaurants fail within their first year of business, while 80% close down within five years.
If you don't want to fall victim to a similar fate, here are some rookie mistakes you'll need to avoid at all costs.The Rookie Mistakes That Bankrupt New Restaurants
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