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60% of Restaurants Fail in 3 Years. What One Owner With 2,800 Reviews Does Differently | Nick Smith
A film school graduate who wrote and directed a horror movie now runs a restaurant with nearly 2,800 Google reviews, and he says the math is already against you before you start.
In this episode, Nick Smith, founder of The Old Republic Kitchen and Bar in Elgin and the writer and director of Munger Road, explains how passion starts a business, how break even math, value, and consistency keep it alive, and how a 2020 drive-in movie night sold out in eight minutes.
Founders will learn which number to check before taking on any project, why customers who say you are too expensive have a value…
The skinny
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