A major part of your restaurant business plan covers the financial part. The financial section comprises income statement, cash flow statement and balance sheet. If your restaurant business is comparatively new, then your financial statements will act as your business projections. On the other ... Views: 2413
While starting your new restaurant venture, it is important for you to compile all the important documents. Documentation is required for getting the proper federal and state permits and identification numbers, and licenses. These are a fundamental part of the process that will help you prevent ... Views: 2147
Buying an existing restaurant is comparatively easy as compared to starting a food-joint from scratch. Statistics reveal that most of the restaurant businesses fail during the first three years of their inception due to lack of proper planning and execution. While buying an existing restaurant ... Views: 988
You have to follow certain steps and carryout various initial work before starting your retail food business. Following these steps can help you accomplish your dream of owning a retail food business with great ease.
Let's have a look at the 6 important steps that you should take into ... Views: 969
There is no doubt that it is very difficult to find a job. But for entrepreneurs, it is more difficult to retain their employees. Being an entrepreneur, you must assure that your company is filled with people who are enthusiastic in coming to your office regularly. In this regard, you need to ... Views: 874
Your customers are your source of revenue. Keeping them happy can help you reap great rewards. You can make your customers happy with your food, ambiance and staff. In this way, you can earn more new customers through them. Although it sounds easy, it is not so easy in reality. It is because the ... Views: 845
Customer loyalty cards are an important tool for attracting your clients. It helps you gain new customers and tap the old ones. Loyalty cards are beneficial for both customers and restaurant business-owners. With restaurant loyalty programs, restaurateurs can maintain a close rapport with their ... Views: 776
Today, people are looking for more convenient and natural ways to maintain or enhance their health. As a result, many restaurants and food-joints have started focusing on offering organic food and drinks to its consumers. The popularity of functional food has resulted in the improvement of ... Views: 708
The term ‘Big Data’ is being used by marketers for learning about the preferences of the shoppers. It helps in knowing the potential risks of security organizations, and enables the demographers to identify major trends. But the use of big data has got much more significance in the health-care ... Views: 705
You may have the luxury to use an easy-to-use accounting software, but it cannot help you all the time. Just like having Microsoft Word does not make you a writer, having accounting software does not make you an accountant.
Software performs only as per your command, it cannot give you the ... Views: 680
As compared to other small businesses, food businesses are more prevalent in different parts of the world. If you are aspiring to start a food business and finding difficulty in starting a fancy restaurant, you can opt to start a mobile food business. Mobile food business comparatively requires ... Views: 655
To be a successful entrepreneur, you need to have certain personal traits. Apart from tangible resources, you should have certain personal attributes that can make you achieve success in your entrepreneurial journey. There is no doubt that being an entrepreneur is not an easy task. However, ... Views: 645