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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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