Pandemic Consequences Complicate Development Decisions by Sean Ireland
E
ntrepreneurs are perceived to be risk-takers at their core – people willing to step forward where others fear to tread and gamble on themselves and their plans for new ventures. There’s some truth to that.
2021 Issue 4 |
THE
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Entrepreneurs don’t fear mistakes or failure, and they don’t back away from the road less travelled. They will take risks, but not foolish ones. Most are very well versed in their fields, take what they do seriously and learn as much as they can about the journeys they are taking to be prepared for the twists and turns of the road ahead. Few jump into a venture without first
understanding not only where they want it to go, but also where it could go wrong. That’s what makes the current environment such a tricky one for entrepreneurs, including Buffalo Wild Wings® franchisees. The coronavirus pandemic, now stretching toward completion of its second year, injected a great deal of uncertainty into the environment. The pandemic is a root cause of the ongoing labor shortage and supply chain crisis that continue to roil the economic waters and make planning for existing restaurant operations and development difficult. Continued on page 22
