Did you know that more than 70% of food and beverage businesses die before their first 5 years of life? It is a fairly high but manageable figure and we will tell you why.
Setting the prices of a restaurant menu is a more complex process than it seems, and it goes much further than just charging what we want for our products.
Opening a restaurant not only requires a large capital or investment. You must also have a business plan and a solid commitment to carry out what you want. But this is not enough: beyond the money and effort, you must consider the permits and requirements demanded by the country in which you want to start a business.
When it comes to investing to create a business, you must take into account different factors: the business category, its scope, the raw material, the space where it will work and more. In turn, all of these depend on a key element: capital.