Starting your food service business can be challenging and scary. Before getting started, I want to tell a story which began over twenty years ago. I found a book on business, bought it, and then put it down because I came upon a chapter that I thought was all wrong. Chapter eight haunted me for weeks. I didn’t like what it said, however, I could personally relate to it because what it discussed almost happened to me.
What Causes Food Service Operation To Fail
The chapter is about a man named Ned. Ned borrowed money to keep his business afloat for a few months; at least that was what he thought. Then business took a down turn and eventually Ned lost the business and the bank foreclosed on his home. In the story, a pastor referred him to a financial counselor. The counselor asked Ned to tell his wife why he borrowed the money that cost them their home. I did not agree with this advice at the time I read the book. I thought I didn’t need wise counsel from my spouse. A matter of fact, I thought it wasn’t any of her business.
Accountability Food Service Partners
Now, to give you some back ground information about me. When I first read the book, I had a professional and personal accountability partner. I gave him the book and asked him to read it. He didn’t look at it for almost a year, even though I frequently asked him to. Then one day I got a phone call from him and, to my surprise, he was all excited about the book. He was acting as if he had found the book and I had to remind him that I gave it to him about a year before he read it. To my dismay, he too had read chapter eight and asked me whether I had spoken to my wife about my difficulties. Of course, I had not. I still didn’t feel that it was any business of hers.
Now this is when the story gets good or not so good, as the case my be. Forward 5 years later my best friend/accountability partner wants to start a restaurant business together. He held me to this book that we both loved, and told me that we had to at least include our wives in our conversation about the new business. If you are a Christian business person that believes in the Bible, I refer you to 1Peter 3:7. You can read it to get the point. But, for me, it was chapter eight that changed my thoughts about the role my spouse takes in our relationship and in my business decisions. If you are not familiar with this book it is called “Business By The Book” by Larry Burkett. Larry was the co-founder of Crown Financial Ministries and, unfortunately, he passed away a few years back from cancer. Before Larry passed away my accountability partner was able to get us signed copies of the book and I treasure mine to this day. I often reflect back on those times with my accountability partner, because he too has passed away from cancer. I do miss him a lot and only wish he could be here to see how I have changed my attitude and thoughts about my spouse. Just so you know, I am writing this on Valentines Day, which is when my wife Linda and I got engaged 31 years ago.
So What Decision Will You Make?
So, if you are already in the Food Service business or about to go into the business, keep this in mind. The moral of the story is that once you have made the decision and you have committed resources to start your business, make those resources last. Do not go into the well believing you will dig your way out by borrowing more money. This never works, and you may end up like Ned. You also need to be accountable for your business practices and consider those in your life that your decisions may affect.