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Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

Managing a restaurant is not for the faint-hearted. The restaurant business is one of the most competitive industries, and this shows in the fact that only 20% of restaurants succeed in the market. A restaurant budget allows restaurant owners and managers to see directly if they are meeting their income and expense benchmarks.

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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

Bookkeeping is one of the most essential aspects of any restaurant business. After all, a small, honest mistake can accumulate over time and turn into bigger operational problems— 17% of restaurants even fail in their first year due to mismanagement of finances.

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15 Strategies to Prepare for Small Business Saturday 2023

Get Beyond

Small Business Saturday isn’t just a day on the calendar. Small Business Saturday can be a huge opportunity to meet new customers and grow your business’s profile. This year, Small Business Saturday falls on November 25, 2023. If your team needs help, now is the time to hire and grow your team.

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How to Write a Restaurant Business Plan [with Sample]

7 Shifts

A restaurant business plan is one of the most (if not the most) essential elements in getting a new restaurant off the ground. There are a few reasons for this: A business plan is typically the first thing any lender or investor will want to look at. What is a Restaurant Business Plan? Restaurant Business Plan Sample Outline.

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The Six Most Common Franchise Problems (And How to Solve Them)

7 Shifts

At a glance, opening and operating a restaurant franchise seems like a near-perfect business decision. Higher-Than-Expected Operating Costs Aspiring franchisees must be prepared to front a hefty sum of money to get the business off the ground. of weekly gross sales for franchise royalties and advertising.

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Checklist For Reopening Your Restaurant

Modern Restaurant Management

Though expecting business as usual to be ‘usual’ is a little far fetched, many restaurants are opting for innovative ways to counter the virus – some even becoming part of the solution. Here’s a quick checklist to help you make safe choices while ensuring business continuity: Redesign Your Offerings.

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How To Open a Restaurant: A Step-by-Step Guide

Sling

The Small Business Administration is a good place to look, and you should plan to speak with your legal counsel for more guidance. 3) Create a business plan A business plan is a blueprint for your eatery. 9) Hire and train the right people It can be difficult to run a restaurant alone.