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The battle for a 40-hour full-time workweek continues as the Affordable Care Act attempts to redefine full-time as 30 hours a week. Changes could occur in the restaurant market, and now is the time for you to prepare for these potential alterations.
Rising Rent in Cities Poses New Challenges for Small Business Owners
Cities across the country are experiencing rising cost of rent, and small businesses are paying the price. If your small business has started to suffer from the rising cost of living it may be time to rethink your financing plan and consider a capital advance.
What You Need to Know About SupplierPay
SupplierPay will speed up the vendor payment process for small businesses and boost their access to capital. Here is what you need to know.
Restaurateurs | To Go Debt Free, or Not to Go Debt Free?
Some restaurants are going debt-free, but does that make sense for your business? Although some debt is decidedly “bad debt,” other investments can help accelerate your restaurant’s growth. Careful consideration of debt options is essential; read on for questions you can ask for a quick debt self-evaluation.
A Single Digit Percentage Can Double Your Restaurant Profits
A Restaurant Report article demonstrates how a restaurant can double its profit margin when it cuts expenses by a single digit percentage point. The authors assert that the “restaurant industry is a penny business—some would even say a half-penny business,” and as a result, cost-cutting strategies can be tricky. Restaurant owners are rightfully reluctant to sacrifice quality menu items and … Read More
Sustainability Doesn’t Always Mean Energy-Efficiency: Reducing Food Waste Has Economic Benefits for Restaurant Owners
In the restaurant business, food is money. Reducing the amount of wasted food in your restaurant reduces the amount of wasted money in your business’s cost structure. But there are other ways that reduced food waste contributes to reduced operating costs.
Serve Up a Great Meal and a Strong Financial Plan
In September 2013, QSR wrote, “in the quick-service industry, the path to success is straightforward: offering good-tasting, quality food prepared quickly in a clean and courteous environment.” That seems clear enough; quick-service and fast-casual restaurants got into business with this objective at the top of their lists.
Would Your Business Meet the Banks’ 5Cs of Credit?
If, like many small business and restaurant owners, your business is operating in an environment where you can’t meet the banks’ rigorous credit requirements, you’re not alone. But you do have alternative financing options to consider. Read more.
How Does the Wage Debate Affect Your Restaurant or Small Business?
Worried about a potential increase in the federal minimum wage? So are many other small business and restaurant owners. How might you balance the need to satisfy customers with a potential labor cost increase? Read more.
Merchant Cash Advance – Understanding Repayment.
There’s a lot of press out there about merchant cash advances – both good and bad. One of the biggest factors that may determine if a merchant cash advance is good for your business is being educated about the product. There are many types or merchant cash advances with slightly different features. As a business owner, you need to understand … Read More