A Single Digit Percentage Can Double Your Restaurant Profits

Steve O'ConnorBusiness Operations, Cashflow, Restaurant, Small Business FinancingLeave a Comment

A Restaurant Report article demonstrates how a restaurant can double its profit margin when it cuts expenses by a single digit percentage point. The authors assert that the “restaurant industry is a penny business—some would even say a half-penny business,” and as a result, cost-cutting strategies can be tricky. Restaurant owners are rightfully reluctant to sacrifice quality menu items and … Read More

Small Businesses | Keeping Hiring Practices Legal

Steve O'ConnorBusiness Operations, Employee Management, Small Business TrendsLeave a Comment

As your small business gains traction in this economy, you may find that it’s time to add employees. We wrote in February about ways you can find and attract the right employees for your business, which is a critical first step toward expanding your headcount. But whether your small business is growing from one or two employees, or from 50 … Read More