60% of restaurants shut down within the first year of operations, and up to 80% of restaurants close their operations in the first five years. Let's take a look at the numbers to see why most restaurants don't survive within the 1st year.
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David Zhao is an entrepreneur, investor, and activist originally from Shanghai, China. He is currently the Managing Partner of NXT Group, an American conglomerate company headquartered in New York City. Its diversified businesses include Food & Beverage Ventures such as The X Pot and Chubby Cattle and NXT Factor (full-service digital agency). David is here to share insight about entrepreneurship, the startup lifestyle, and tools/tips to help you with your daily life.
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