SHOCKER ! -- Survival rates of American restaurants & biotech companies exactly the same !

--

How do you make a Million Dollars in the restaurant business ?

-->> Start with 2 million !!


What are the 2 best days in your life if you own a restaurant ?

-->> The day you open it, and the day you sell it !


Or close it, and stop losing money.


According to several reliable statistical studies that you can find yourself by Googling, about 25 % of new restaurants in America fail in the first year, and about 60 % (cumulatively) fail in the first 3 years. Why ?

Because anyone who thinks they can burn meat well or turn tofu pink can open a restaurant ! -- just as any scientist who can do PCR blindfolded or run a one-button auto-dock program from Accelrys thinks they are a biotech entrepreneur extraordinaire !

No barriers to entry ! -- that is the common problem with both the American restaurant and biotech industries.  And, sadly, this is a global bio-food-poisoning epidemic.

So the next time a biotech entrepreneur tells you to drink his/her Kool-Aid, ask them if they have ever successfully started & managed a restaurant for 4 years or more.

Be careful out there !

David Palella

David A. Palella
Founder
BIOSCIENCE VENTURES Inc.

San Diego, California
cell: 619-787-5767
email:  dpalella@gmail.com

---

http://www.BSVpartners.com

-----------

POSTED 03 July 2011 @ 4:30 PM by:

David A. Palella
Founder
BIOSCIENCE VENTURES Inc.
“Global Corporate Development for Biopharmaceuticals since 1991”

San Diego, California
cell: 619-787-5767
email:  dpalella@gmail.com
http://www.linkedin.com/in/davidpalella

web site:  http://www.BSVpartners.com

blog:  http://biobizdev.blogspot.com


& Group Founder:

Infectious Disease R&D and Business Network
http://www.linkedin.com/e/-ubgx8c-godydbie-43/vgh/3937807/

Japan Biotech/Biopharma Partnering Forum
http://www.linkedin.com/e/vgh/2857975/

Asia Business & Finance Roundup
http://www.linkedin.com/e/vgh/3132759/

San Diego Biofuels & Sustainable Chemicals Networking Group
http://www.linkedin.com/e/vgh/3891375/

X-tech Roundup(SM) - San Diego
http://www.linkedin.com/e/vgh/2836926


& Co-founder:

Stem Cells & Regenerative Medicine
http://www.linkedin.com/e/vgh/3921448


--------