“Businesses with fewer than 20 employees have only a 37%chance of surviving four years (of business) and only a 9% chance of surviving 10 years. Restaurants only have a 20% chance of surviving 2 years. Of these failed business, only 10% of them close involuntarily due to bankruptcy and the remaining 90% close because the […]
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You know many of the risks associated with your restaurant such as employment practices liability, employee dishonesty and product liability. But what puts your restaurant at greatest risk? Two hazards that can quickly drive your restaurant into bankruptcy are a fire that damages your facility or being linked to a food borne illness.
According to the […]
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Menu pricing is one of the most important decisions for any restauranteur. It may look easy, but the fact is that you cannot price it simply by your intuition. It requires consideration, observation and asking certain questions. For instance, do you remember your last visit to a market or a mall as a buyer? How […]
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There are some common mistakes restaurant owner’s make that you will want to avoid. These may be issues that you just haven’t given much thought to. However, they can greatly influence the bottom line for your business. The happier your customers are, the more they are going to come back. […]
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Running a successful restaurant business is not an easy task. There are many issues that can come up and that must be dealt with immediately. In view of the daily chores that must be completed, most restaurants don’t bother to set any long term goals. However, you must spend some time on improving your restaurant […]
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Too many managers, employees, franchisees, owners, and corporate support staff spend far too much time trying to come up with the next great new program, or reinventing the wheel. While I’m not an advocate of stifling creativity or change, execution is the bottom line. Today’s “Google” society doesn’t want to know information, […]
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