Seven Tips to Help Restaurant Owners Avoid Common Pitfalls and Grow

5 Min Read By George Tinsley Sr.

Nearly half of restaurants fail in their fifth year of business. My long and largely positive journey in the industry hasn't been without challenges. That’s part of the price of doing business – especially when you own multiple restaurants. 

But if you learn from failures and misfortunes as we have, those experiences can spur you to even more success. My first KFC franchise burned to the ground. The third KFC we opened and a second TGI Fridays we operated both failed. But my message is turning obstacles into opportunities, and that’s what we did. And you can do the same. During our 40-plus years in the industry, many issues have come up, and here are some key things I learned as we developed a resilient, consistent mindset and strategies leading to growth and sustainability:

1. Know Everything about Your Potential LocationYou want to be in a high-traffic area and the business should have a great ingress and egress for customers. Location is a big reason many restaurants…