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The $100 MBA Show

MBA127 Q&A Weekend: My restaurant is a year old and is struggling. Great location but my overhead is huge. Any advice?

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 4 January 2015

⏱️ 9 minutes

🧾️ Download transcript

Summary

Achieving business success involves a long and tough journey. Today we provide insights to a valuable listener whose business is currently being tested. Make sure you tune in because we are sure you will also benefit. Let's get down to business!

Transcript

Click on a timestamp to play from that location

0:00.0

Heyo! Welcome to the $100 MBA Show! And today is a Q&A episode where we answer your questions right here on the show

0:15.4

If you have a question you can email us at contact at 100 MBA net and we'll answer it right here on the Q&A weekend episodes. You can also record your

0:25.1

question your voice and we'll play it right here on the show. You can do that

0:28.4

using our speak it option on the show page at 100 MBA.net slash show.

0:33.0

As always, I'm your host Omar Zenholm.

0:36.0

I'm also the co-founder of the $100 MBA, a complete business training and community online.

0:41.0

And today's question comes from Cindy.

0:43.3

Cindy asks, my restaurant is a year old and it's struggling.

0:47.7

It's in a great location but my overhead is huge.

0:50.6

Do you have any advice? Thank you so much. Love the show. Thanks for the question

0:55.4

Cindy and for listening to the 100 NBA show. First of all my heart goes out to

0:59.4

It's never easy when your baby when your business is struggling, but there's always a solution.

1:05.5

There's always a resolution to any of the struggles you're having.

1:08.9

So let's get into it right now.

1:11.3

All right, I don't know exactly what your situation is exactly

1:14.1

how much your overhead is what your actual cafe or restaurant does but

1:19.2

physical businesses can be broken based on their overhead.

1:23.0

Overhead can really crush a business, especially when it's a physical business

1:26.0

because physical businesses tend to have higher overhead than online businesses.

1:29.9

It doesn't mean they can't be profitable.

1:31.4

A lot of physical businesses are

1:32.7

extremely profitable. But let's take a look at the reality of your situation.

...

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