Business Acumen

Involved

From The Triangle Business Journal:

Hutch & Harris restaurant in downtown Winston-Salem won’t reopen this month as originally planned, according to the Winston-Salem Journal.

“I left my hands off and wasn’t as involved with the restaurant as I should have been,” he told the Journal.

“There’s really several factors. There’s a lot of new competition. There’s the (Business 40) closing. Everybody’s struggling.”

Restaurants are a challenging business….the average life span is 5 years.

However, most businesses don’t operate by themselves….and if the owner is not involved and does not have the business acumen….the probability of failure greatly increases