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by nomass
3180 days ago
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Somehow I can understand his frustration, but I do wonder if he actually draw the right conclusion from this failure. Because there is only one reason this couldn't work: He was under capitalized. Maybe initialy he had an intuition that there wasn't enough capital around but in the end convinced himself into this miserable situation. So the question is why didn't he invested more time and effort into raising capital? He weakened his negotiation position right from start. The notion that you can substitute the lack of money with skill is naive. |
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No matter how much he invested, it wouldn't change the fact that he wasn't profiting. You can't just throw money at restsurants, and expect a return.
For example: say he had paid off his bills then upgraded all the plates, cutlery, glasses etc, to make it seem more upmarket. Notw throw more cash to hire a trained high end manager, and build up his existing staff.
That doesn't change the fact that people were not spending what he needed to profit.
From the whole bullshit confit chicken, that he either a)had a bad head chef or b) was dictating what he wanted, based off of what he had seen, despite any actual hospitality sense (this I think is more likely, from the articles tone).
You can't just demand the highest quality ingredients, throw money as your staff, and expect patrons to flock in.