Reported 6 months ago
Financial guru Dave Ramsey shares advice on his show about the dangers of opening a restaurant without a business plan, highlighting high failure rates in the industry. Ramsey and his daughter, Rachel Cruze, advise a woman whose husband wants to start a restaurant without experience or a plan, warning against risking their assets. They emphasize the importance of a business plan, industry experience, and suggest alternative paths like starting a catering business first. Opening a restaurant without preparation is deemed the '#1 way to go broke'.
Source: YAHOO