Counterintuitive business growth tips

Business Growth Tips from a counterintuitive perspective.

Today, a post that is a little different and comes from my past experience building and investing in businesses.

It is to give two counterintuitive tips for planning to grow a business. These relate specifically to Restaurants but are also applicable at some level to investing in any business or business leader.

I am often inspired by conversations, and this reminder came from a conversation last week with a friend who is a new restaurant/bar/venue owner and his own new MD, who is an experienced F&B operator.

The first gave the rational answers to the following questions, the second, from his experience, knew that the counterintuitive ones were the ones that would create successful investment and operational success.

2 Business Growth Tips for Restaurants and other business investments

Tip 1: Find out if they’ve failed before

If you are looking to invest in a Restaurant, ask the person looking for the investment if they’ve failed before.

A multiple choice question for you on that. Which potential investee would you be more likely to put your money behind?: