Practical Concerns Count More Than Charisma for Staying in Business
If you are good looking and possess above average rhetorical skills, you can have a career as a pharmaceutical representative, but if you lack the patience for corporate life, you can sell fantasies of entrepreneurship to yourself or others. A few years ago, multilevel marketing companies that sold entrepreneurship training courses seemed to be popping up everywhere; if you are such a masochist that you have not yet deleted Facebook, X, Instagram, and Tik Tok, you might still see advertisements for them. These programs would tell you that, for a price, you could learn the secrets of operating a successful business. When you got the training materials that you paid for, the speakers in them, the founders of the multilevel marketing company would say something to the effect of, “All you have to do is be as charming as I am and not to take ‘no’ for an answer, and you can be successful like me.” Unfortunately, it doesn’t work that way. No matter how charismatic you are, or how boring, it is the mundane, practical matters that determine whether your business remains profitable. If you are an interesting person who needs help crossing your t’s and dotting your I’s when it comes to operating a business, contact a Washington, D.C. small business lawyer.
It Takes More Than Star Power to Keep a Business Afloat
Last month, Taffer’s Tavern, located in downtown Washington, D.C. near the Capitol One arena, closed after two years in business. If charisma were the only ingredient that determined the success of a restaurant, Taffer’s Tavern would have been destined for longevity. Its proprietor was Jon Taffer, a television personality familiar from the show “Bar Rescue,” in which he visited struggling bars and advised them on how to revamp their images and improve their profit margins.
The concept behind Taffer’s Tavern was simple, not gimmicky; it had the atmosphere of a bar with the high-quality food of a sit-down restaurant. Things went well for a while, but within two years, Taffer’s Tavern succumbed to the same problems that have taken down many restaurants before and after it. Specifically, it is virtually impossible to keep a restaurant running in downtown Washington, D.C. after the pandemic. Those workers who have returned to the office are on such a tight budget that they bring a brown bag lunch. Tourists avoid Washington, D.C., and if they travel, they decide that fast food is prohibitively expensive, but less so than gastro pubs. Besides, if we are being honest with ourselves, Washington, D.C. never had a nightlife. If you want a restaurant to survive in this environment, you cannot afford to waste a penny on rent, utilities, equipment, insurance, insufficient insurance, or anything else. It helps to review all your financial decisions with a lawyer.
Contact Tobin O’Connor Ewing About Small Business Woes
A Washington, D.C. small business attorney can help you draft airtight legal agreements to protect your business from the vicissitudes of entrepreneurship. Contact Tobin, O’Connor, and Ewing in Washington, D.C. or call 202-362-5900.
Source:
mocoshow.com/2024/10/30/taffers-tavern-closes/
