What are some things I need to know about opening up my own restaurant? -

I m really interested in opening up my own restaurant later on down the road. What are some tips about getting started and what are some things I need to know about that kind of business? Thank you!

95% of resturants fail within the first year. Just a little something to think about before you start up

I think that you have to be prepared to work 14+ hour days, 7 days a week. You have to be good with people management (staff) and money management (your bottom line). You have to be aware of health codes, and food trends. I think that you have to have an incredible amount of passion for the restaurant.