Posts Tagged ‘Restaurants’
4 Building Blocks to a Successful Restaurant Startup
The restaurant business is fiercely competitive and without the proper course of action, your new restaurant could easily become just be another statistic. Some people have a rather naive idea of the restaurant business and still have a “build it and they’ll come” mentality. But times have changed and restaurants that succeed these days have…
Read MoreHow to Perfect Your Restaurant New Hire Checklist
There’s new hire onboarding, and then there’s new hire onboarding for restaurants. Restaurant employees are a breed of their own, and they turn over at a higher rate than employees in other industries. According to the National Restaurant Association (NRA): The hospitality turnover rate in 2016 was more than 70%for the second year in a row. The hospitality industry…
Read More7 Marketing Mistakes to Avoid When Starting a New Restaurant
So, you’re starting a new restaurant. Awesome! Many seasoned restaurateurs would love to be in your shoes — starting a new restaurant with a clean slate. Along the way, they likely made some of these seven rookie marketing mistakes. We’ve got you covered with fixes for the most common missteps. Here’s to starting a new…
Read More3 Basic Recipes to Improve Your Restaurant Without Breaking the Bank
Running a restaurant business is by no means an easy task. The food and beverage industry is not only rife with heavy competition, but requires a substantial investment of both time and money as well. For a dining establishment to survive, setting yourself apart in the market is only half the battle. In order to…
Read MoreThinking of Opening a Restaurant? Map Out Your Vision
Opening a new restaurant is a peculiar mix of exciting and daunting. The industry is not exactly the birthplace of many get-rich-quick success stories: a lot of restaurants fail within the first year of doing business. This usually happens due to lack of planning. Then again, if you manage to overcome the challenges on the…
Read MoreOpening a Restaurant? Know Your Business Financing Options
The restaurant and foodservice industries can be called completely unique without exaggeration. People who haven’t had experience working in a restaurant have a hard time seeing how difficult it can be to find a concept that works while juggling tight profit margins and bruising hours along the way. Things don’t get much easier when people…
Read MoreFood Franchises Trending in 2017
Food Franchises and Restaurant Franchises are designated as either Quick Service, Casual Dining, Upscale Casual, Fine Dining or Fast Casual formats. Which restaurant format is trending in 2017? If you’ve been researching food franchises, you may not have heard of the fast casual format. Essentially, fast casual is a blend of fast food and casual…
Read MoreThe Restaurant Biz: What You Need to Know Before Opening Your First Location
According to a study by Ohio State University, up to 60 percent of all restaurants fail within the first year while as many as 80 percent fail by their fifth year. However, if you are thinking about opening your first restaurant, the facts are not all gloomy. Last year, almost two million new restaurant jobs…
Read MoreTop 10 Restaurant Marketing Blogs to Follow in 2016
As an independent restaurateur, we are always trying to find resources that can help us improve our operation. However, we don’t always have the time needed or wanted to search for these resources. So I thought I would share some of the resources we regularly follow to save you some time. While you can spend…
Read MoreOpening Your Own Restaurant? 4 Tips to Get Started
Restaurant businesses are attractive for the plain fact that people will always need food. It’s one of humanity’s basic necessities and so demand rarely dials down throughout the year. Yet while the customer base for restaurants is stable for decades to come, there is a lot of competition in the food business and that can…
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