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Posted by / 19-Dec-2017 11:00

The second reason is a lack of knowledge about the business.From a personal perspective, you need to ask yourself if you’re really the type of person who wants to own and run a bar.Owning a bar sounds like the perfect life to many potential entrepreneurs, but it’s not always fun and games behind the scenes.

However, like many new businesses, the statistics for bars aren’t in favour of the start-up. The most common reason is they don’t have enough capital to keep the business going.

If you have a family, you need to discuss how owning a bar will affect them.

Many days you will have to be at your bar from the time you wake up – say, around 10am or 11am – to the time you go to sleep – say, around 4am or 5am.

As you can see, this could take its toll on your family life.

Eventually, you’ll probably be able to have a saner schedule, once your managers and staff are well trained, but it may take six months to a year to reach that point.

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