A Harvard study found 50% of failed restaurants blamed being ahead of their time. Success requires picking the right location, actually caring for employees, and staying willing to pivot when things don't work.
3 takeaways today. Number one, it doesn't matter if you start a business. Make sure you do your research. Make sure you have everything in order before you start something. I love that. You talked about make sure you have the right location. You make sure you do your market research where you know what people want to buy. And there was an interesting study come out just a very short time ago from Harvard where they talked about why do restaurants fail and what do people talk about. when they fail? And 50% of them all said, I was ahead of my time. The marketplace wasn't ready for my product. So I really love that. The second thing, what you did is take care of your people. We talk about this all the time. There's a lot of companies which talk about it. They really don't do it. So for me, that's really super important that you make sure that you take care of the people which take care of you. And for me, the third thing is, and you said it a few times, have fun what you do. It doesn't really matter if it doesn't work. You know what? Let's try something else and be persistent. And for me, that's really super powerful with that.
