How to Effectively Manage Inventory in Your Restaurant Business
Why is it essential to create a restaurant inventory system? The backbone of your restaurant business is your inventory because it will help your restaurant
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6 Restaurant Licenses and Permits That All Owners Should Get
Getting into the hospitality industry is not as easy as people may think. The industry is highly regulated. You should prepare to face all types
Restaurant Owner Registration: Sole Proprietorship Or LLC?
As a restaurant owner, the registration you choose for your business is an important decision. You can register your business as a Limited Liability Company
5 KPIs You Should Use For Your Business
You can hire qualified employees who end up ineffective or inefficient if you fail to give them targets they would need to achieve. That takes
How to Develop a Talent Management Strategy
When hiring people, you should employ staff who can achieve the goals you set out to grow your company. Once they are a part of
How to Set SMART Objectives For Your Startup
When you are starting a business, the main objective you have is to increase awareness and sales. The biggest mistake you have probably made is
4 Common Pricing Strategies, Which Works Best For Your Business?
How you price your products or services is what will make or break your business. So setting up the right pricing strategy is crucial for
Your Ideal Client Should Fit These 4 Requirements
Starting a business can be pretty challenging but defining your ideal client is a crucial step. Finding your ideal client can help you better establish
A Checklist Of Things To Start A Business in 2021
Starting a business can be pretty challenging, especially when you’re unsure about where to start. You’ve probably thought of several great ideas you’d like to
10 Questions To Create A Solid Business Strategy
Do you want to own a profitable business? That requires a solid business strategy. A strategy is a long term plan you create for your
6 Hiring Tips to Decrease Turnover
One of the biggest causes of turnover is related to bad hires. When you don’t hire the right person for the right role, they won’t
Four Pricing Strategies To Consider If You Want To Increase Profits
It can be a tedious process to figure out the right pricing model for your goods and services. If you set your prices too high,
Is Your Finance and Accounting Team Operating Effectively
The Finance and accounting department of every organization is tasked with handling the company’s finances. The department is in charge of incoming and outgoing cash
Applying the Process Improvement Lifecycle to Your Finance and Accounting
Are your finance and accounting teams fine-tuned and functioning well? Now is not the time to rest on your laurels. Even effective and efficient teams
How to Forecast Revenues for Future Business Planning
What Is Revenue Forecasting? Projecting and forecasting your revenues are one of the most essential parts of budgeting. The foundation of your budget is the
Are You Making These Common Payroll Mistakes?
The payroll process is one of the most important functions of a business and when done correctly can avoid legal implications for the business. It
Employee Retention Credit
What is the employee retention tax credit? The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act was an economic stimulus
PPP Round 2 FAQs
In December 2020, a second stimulus bill was passed to make additional PPP loans available to those who did not receive a loan the first
