We all have dreams about the kind of career we want to have. For some of us, it’s working at a Fortune 500 company. For others, it’s working from home. And for still others, it is owning our own business.

If you fall into the third category and your desire has always been to own and operate your own restaurant, then you have come to the right article. That’s because below, we’re going to share with you some of the pros and cons of owning a restaurant so you know what it takes to run that type of business below:

PRO: People will always want to eat out. One of the best things about owning a restaurant is that it provides a lot of job security. That’s because people eat every day, and sometimes they want the convenience of going to a restaurant to do it.

CON: Many restaurants close their doors within the first year of opening. One thing you should be aware of is the fact that according to many reports, many restaurants only stay open a year from now. There are a few reasons why this is the case. Some restaurants are located near quite stiff competition. Some restaurants don’t have a menu that patrons find impressive enough to patronize on a regular basis. And some restaurants simply underestimate how much it costs to operate a restaurant.

PRO: It’s a great way to establish yourself within the community. Supermarkets, cleaners and restaurants are just three things that are established as part of the community and that’s a really good thing. Businesses bring in money, and money is what helps communities continue to thrive.

CON: There tends to be a lot of staff turnover. The reason you need to hire a really good restaurant manager is because you want to hire someone who will keep your staff happy. When it comes to many restaurants, since pay isn’t always as high as employees would like and scheduling can become a real challenge, sometimes that results in a high turnover rate. And when you spend time training new staff, that tends to slow down productivity.

PRO: You can build your own dream. If you were to ask My National Grocers about one of the benefits of opening a restaurant, one of the things they would likely say is that there is nothing more satisfying than having a dream and seeing it fulfilled. By far that is one of the best things about owning and operating a restaurant.

CON: Restaurants can be a difficult business to operate. No doubt about it. Owning a restaurant is hard work. It’s demanding, challenging and the hours are long, usually seven days a week. Therefore, you should definitely think about how much time, effort and energy it will require from you before entering the field of restaurants before opening one.