I am new to this forum. I am a 23 year MBA from India into a very good paying job. Of late, I have become interested in starting my own restaurant. I got interested because I found it potentially one of the high success rate industries. One thing I found very important(of couse, there are far too many, but simplistically speaking)is location.
Once I have the ideal location, in my opinion, a restaurant should do well unless you do something terribly wrong. Maybe that is also the reason why so many celebrities out here in India have opened their own restaurant.
However, as I was reading through some threads in this forum, I found experienced people here advising all the time that restaurant is the industry with THE HIGHEST failure rate. I am not able to find out why.
Can people with experience in restaurants give me ideas about why you regard it that way.