Recession? I Think Not … Entrepreneur.com Says Now Is The Time To Open A Restaurant

Chef Thomas Minchella

In case you haven’t heard, we’re in a recession.  Okay, after dropping that shocking nugget of the obvious on you, we have some interesting findings to discuss.  Yesterday, Thomas Minchella, the executive chef at McKendrick’s Steakhouse, linked (via twitter) to a very interesting article from entrepreneur.com.

Amongst other things, the article includes discussions with a number of restaurateurs who have shown balls of steel the past year and change.  I’m not 100% sure I agree with the idea as a whole.  Certainly, the recent activity in the ATL seams to support the authors premise.  Ultimately, regardless of the economy, the best time to open a restaurant is when you are ready.  There are no shortage of successful food stops in the city … however … there are no shortage of those closing up shop.  The cream always rises to the top!

2 comments Write a comment

  1. This article is absolutely correct. More millionaires had been created during the Great Depression than at any other period prior. When things appear toughest is when the greatest underlying opportunities exist. We’re now at a very similar juncture. If you’re truly searching for an earning vehicle for yourself then visit http://www.LikeSoup.com and begin to get a real feel regarding working for yourself.

  2. “be fearful when others are greedy, be greedy when others are fearful” -warren buffett

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