You know, I'm just flabbergasted sometimes. I try to be a glass-half-full type of person most of the time. When I get a smidgen of good news, I run with it. I want to see the best of a situation. And I'm encouraged with the way things are going. Yet, there are many out there who want, and are rewarded for bad news on the economy.
I try to stay away from the political here. But, come on. Things are looking better now than they were when Bush left office, but for the whole deficit thing. Getting out of Iraq and Afghanistan will show tangible benefits to the bottom line.
If only the political nay-sayers would cut back on the rhetoric. All that negativity has an effect on what people think, and say, and spend.
Two to three years ago, with the economy in rapid free-fall, there were quite a few restaurants that went out of business here. I chalked it up to weeding-out of the ones who were hanging on by a thread when things were good. People who shouldn't be running a restaurant anyway. And I think I'm still right. Then, there was a respite since then where things quieted down and restaurants clung on.
Within the last couple of months, there's been a new rash of closings. And I blame it on the pessimists who continually tell their constituents how bad their country is doing. I see our country slowly, but certainly climbing out of our malaise. Yes, the deficit is alarming. But, I've also had an alarming credit deficit and reversed it. Our country can do it too. And people will start eating out more and spending money again like we have before.
This last group of restaurants that went out of business were anachronisms. One was a local bar-b-que place where the owner died and the family just didn't have the heart to continue. Another was a fine dining start-up that had inter-family warfare to blame. Another was so mis-run that they had 4 General Managers in a 2 year period. Again, businesses with no business being in the restaurant business.
As it was before, those restaurants that have right management, the right menu, and the right price-point are doing fabulously. Those lacking one of those items are hanging in there. The rest will be flotsam.
But, don't blame the economy. People will always eat out. Just give them a reason to.