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How To Tackle High Restaurant Failure Rates In The US?

The Restaurant Times

Many first-time owners tend to choose a location too expensive for their budgets. Competition analysis, visibility and traffic in the surroundings, accessibility, parking spaces are all crucial elements for selecting the perfect location for your restaurant. Pay Attention To Location And Rentals. Source: Restaurant Den.

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Harness the power of data analytics in hospitality

Les Roches

Competition analysis By analyzing competitor information, hotels can accurately gauge how they’re performing against rivals within their niche markets. Insights gathered from indirect competition such as vacation rental homes can also offer understanding in other areas to inform strategic planning.

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Why restaurants fail: Make sure you do not make these 38 mistakes

Lithos POS

Ensuring Best Customer Service Management of Vendors, Inventory, and Equipment HR Objectives Marketing Planning menu Health and safety standards Managing costs. The main reason many restaurants fail is that they do not follow the customer. Lack of Competitive Analysis. Restaurant Manager Duties. Digital Marketing.