What is the #1 failed business?

Answer 1

According to iceculinary.com the 'common knowldege' that over 90% of restaurants fail is inccurate.

From their website:

We’ve probably all heard the statistics that 80 to 90 percent of all restaurants fail in the first year. For decades it was the dramatic, foreboding opening to management courses and industry speakers, and recently it was trumpeted on an American Express television commercial. You’d think the Surgeon General had issued a new warning: “Stop! Keep out! 90% will die in the first year.” But thanks to research by industry experts, we find that the failure rate is hardly so catastrophic. Realistically, 30 to 50 percent close by year two, and there are many other businesses with higher failure rates: plumbing businesses, grocery stores and (in case you wondered) hunting and trapping businesses. What are the top three reasons start-up businesses close? 1) undercapitalization; 2) owners who become dissatisfied with the lifestyle; and 3) owners with poor management skills.


I hope that helps.

Answer 2

Pet rock franchises......I still plenty left for alll the out of business food service people.

Answer 3

Restaurants.

Answer 4

Pimping

Cause pimping aint easy

Answer 5

Rent um spoons lol (from the show martin) .

Answer 6

In my opinion, Pizza Shops!!!! There are tooooo many.

Answer 7

restaurants - a vast majority are lucky to be in biz for a year

Answer 8

catering

Answer 9

RESTAURANTS

Answer 10

MLM