There is much truth to the adage, “if you fail to plan, you plan to fail”. Annually, 60% of restaurants shut business after one and a half years due their inability to recover initial capital or to generate profitability. Many small business owners reported not having sufficient financial planning, or assuming their restaurant business would… Continue reading Why Having a Business Plan For Your Restaurant is Always a Good Idea
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Taking Care of Your Restaurant Staff To Offer Superb Customer Service
When running a restaurant, one of the top priorities any restaurant owner should be making sure your customers walk out of your restaurant not only satisfied and satiated, but also wanting more. Customers are your paymasters, and all it takes its a handful of unsatisfied customers to kill your business. Besides just serving mouth-watering and… Continue reading Taking Care of Your Restaurant Staff To Offer Superb Customer Service
Cost-Efficient Methods for Your Restaurant Business
Looking to save money but not so sure how to start practising cost-efficient methods for your restaurant? Cost-efficient methods may seem daunting and complicated but it really does not have to be – this article will provide you with 5 logical and simple tips to increase your profit margins overnight! 1. Go Green! If your… Continue reading Cost-Efficient Methods for Your Restaurant Business
Grow Your Restaurant Business Without Burning a Hole in Your Pocket
Turning your restaurant business into a success is easier said than done. Expanding your business and opening more outlets requires not only maximum effort, but also an even larger capital. While many business owners resort to taking extra loans for business expansion, this can be a risky move if you’re not aware of your repayment… Continue reading Grow Your Restaurant Business Without Burning a Hole in Your Pocket
6 Ways to Kickstart Your Small Business
When you first decide to start your business, the first step is to seek advice on how to go about this. I understand that there are a ton of advices that go around, and it can be overwhelming when deciding which advice is legit, and which isn’t. Let’s get real, there is no one-size-fits all… Continue reading 6 Ways to Kickstart Your Small Business
3 Things You’re Doing That’s Killing Your Restaurant
There are various factors that contribute to the success of a restaurant. However, more than often, restaurants owners get caught up in the day-to-day tasks and this can lead to neglecting certain important aspects of the business. As the key-decision maker in the restaurant, sometimes we fail to realise how certain actions and decisions are… Continue reading 3 Things You’re Doing That’s Killing Your Restaurant
2 Simple Ways to Manage Your Restaurants Finances
I’m going to admit that when I first started running my restaurant, I had zero knowledge in monitoring and managing cash flow. For me opening my restaurant was the end goal. Let’s be honest, deciding on the venue and rent, name of the restaurant, restaurant concept, menu, staffing and hiring, and marketing of the restaurant… Continue reading 2 Simple Ways to Manage Your Restaurants Finances