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Restaurant Risk Management By Maren L. Hickton
Restaurant ownership, like any other business venture, involves certain risk.
A successful restaurant owner must possess a willingness to invest time,
energy and money, risking many unknowns; an ability to entrust others with
responsibility - adding more employees, giving managers more control - relinquishing
the reins as necessary, thus risking one's personal reputation in the hands of
others; the cognitional ability to discern when to stand up or stand down and
risk the ambiguity of change including, but not limited to, being capable of
feeling uncomfortable at times, appearing silly occasionally, being rejected,
and/or disagreeing with those we love or respect (including family members).
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