[FurnaceFace]

Articles of interest:

The restaurant industry is:

• Showing signs of growth, especially as tourism increases. The take-out sector is also growing, fuelled by a demand for convenience by time-strapped patrons.
• Demanding. Expect long days, often 10-15 hours per day. You must excel in many areas such as food preparation and service, management, marketing, meeting people, purchasing, inventory control and personnel administration.
• Competitive -- 50 to 80% of restaurants fail within the first three years.
• Governed by federal, provincial, and municipal laws. Understand ALL regulations before making any decisions, especially before purchasing or leasing a building.

http://www.canadabusiness.ca/servlet...GuideInfoGuide

But according to hospitality management professor H. G. Parsa, who tried to track down the origins of the 90 percent figure back in 2005, it’s a load of bunk: The real failure rate is about 60 percent, the same as the nationwide, cross-industry average for new businesses.

http://www.chow.com/grinder/2603