Donald Burns explains how to close a restaurant without destroying yourself financially or emotionally. He walks through building an exit plan, protecting your staff and customers, and treating closure as a learning step toward your next venture.
Closing your restaurant is a major decision, and it's essential to weigh all the factors carefully. Now, if, after careful consideration, you determine that closing is the best course of action, you need to create a detailed exit plan to minimize financial and emotional hardship for you, your guests, and your team. Remember, even if closing your restaurant is the right choice now doesn't mean it's the end of your entrepreneurial journey. Learn from this experience and apply those lessons to future endeavors.
If your restaurant only works because you work 80 hours a week, it doesn't work.
