Updated May 21, 2020 Profit margin is one of the most commonly used profitability ratios, which is a basic measure of how much money a business, service, or product makes. Expressed as a percentage, profit margin is essentially how much money a company makes per transaction. In general, the higher the profit margin, the more […]
As consumer behavior continues to change, businesses must adapt to succeed. This is no different in the foodservice industry. Over the last few years, there have been a multitude of technological innovations focused on streamlining restaurant operations, but many of them are still underutilized. Here are four ways that technology can help you improve your […]
Real estate is one of the most critical strategic decisions that you can make when you are building your business. Whether you’re a franchisee, or you’re a franchisor and you’re trying to make your brand ubiquitous, you cannot be cheap with the real estate. You have to spend the money to get the best locations,
When you opened your restaurant you had big dreams and a plan. Then there was a change in the market and perhaps your plan went astray. It happens. Actually, it happens all the time. Many restaurant owners get stuck during those challenges. They lose their faith and become prey to self-doubt. Then comes the friendly ad
Winter Is Coming: How Frost Can Affect Your Restaurant’s Success As we enter the fall and the days grow colder, we need to be aware of frost. From your restaurant freezer, to your distributor, to the farmer who grows your produce, frost plays a major role in the quality of your products, as well as […]
Video Marketing Ideas for Restaurants The National Restaurant Association predicts the restaurant industry will make $709.2 billion in sales in 2015. The market is so big it can be hard for your restaurant to stand out in the crowd, especially if you’re in a saturated market. You spent a lot of time getting the food and the […]
How to put “hospitality” back into the restaurant industry restaurant-hospitality.com – I was recently talking with a chef friend who gets it. He’s owned his own fine dining restaurants and one of his secrets to success was treating every guest as if they were the most important guest, even when his restaurant was full. I had the same […]
20 Pizza Franchises Challenging Pizza Hut and Domino’s smallbiztrends.com – There’s certainly no shortage of pizza businesses already in existence. But there’s always room for more. If you’re interested in owning your own pizza franchise, but want more options than just Pizza Hut and Domino’s take a look at the list of
Growing Pains: Mitigation Strategies for Business Expansion Whether you want to open a second location for your restaurant, expand your web design firm into a bigger office (new hires included), or just want to serve bigger clients and jobs, growth is the goal of nearly every business. Entrepreneurs have an innate desire to try new things […]
Whether you want to open a second location for your restaurant, expand your web design firm into a bigger office (new hires included), or just want to serve bigger clients and jobs, growth is the goal of nearly every business.
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