Sales figures, inventory tracking, customer retention, ad performance — as a small business owner there are countless metrics and statistics you’re expected to track. While each measurement serves a unique business purpose, having too many metrics can be overwhelming. To avoid “paralysis by analysis,” you need to identify which metrics are the most important to […]
If you want to grow sales in your restaurant, you have to make sure your menu, operations, and costs are all structured for success. Here’s how to do that.
Knowing these metrics gives you the information you need to properly manage cash flow, protect yourself against shortfalls, and plan for the future.
Franchise Marketing Systems COO Tom DuFore explains why to franchise your business, and the first steps required to make it happen.
Being savvy about where you live can help your business thrive. These affordable cities have low costs of living and many opportunities for entrepreneurs.
As a small business owner, anything can happen, and probably will. To that end, I offer a few suggestions to help fight complacency.
Prime cost is simply the addition of your two key controllable costs, labor and cost of goods. Ideally, you want to keep these costs around…
Profits and losses are fundamental to your business's success — so take control of them. Here's what to look for on your P&L statement.
When investing in your restaurant, it's usually the least likely items that will benefit you the most.
While trying to outbid your competitors and meet deadlines, construction costs can balloon out of control. Keeping these costs low is crucial to success.
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