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When you're finished, bars are not inherently profitable. You got to work at them to make them profitable.
Most people who get into the business are social animals by nature, but do they have the financial abilities to manage a business? A great bar owner has both.
The whole point of a bar is, I look in your eyes, you look in my eyes, we've never met each other before, we talk, we get to know each other, have a drink together, and the great end of that story is we get married someday.
Any time a bar or chef cares more about their own ego than the tastes and comforts of their customers, they should just open a monument to themselves and not a business.
I've made stupid investments. I've made stupid decisions as an employee. I've made foolish decisions as a manager. I've gotten fired. I've lost businesses. I went through all of those things.