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Traditional banks and regulations have made it challenging for small businesses to secure loans since the beginning of the Great Recession. But that may be changing: As of May of 2014, Wells Fargo has agreed to lend $100 billion to small businesses by 2015.
Your Restaurant and Mobile Marketing: A New Age of Customer Engagement
The instantaneous nature of texting and the average person’s need to be attached to a mobile device makes mobile marketing a viable option to increase traffic in your restaurant, drive up revenues, and find new customers while keeping old ones.
Recent Changes in the Fast Food Industry: What Should We Learn?
Fast food giants have unveiled some dramatic changes recently, changes that not only reflect trends we’ve been seeing within the restaurant industry, they offer some important lessons for restaurant owners.
Not All Businesses Qualify for a Merchant Cash Advance
While your chances of obtaining a merchant advance are far greater than securing a small business loan, there still is the possibility of rejection. A merchant cash advance isn’t for every business. Here’s some advice you can follow to help make sure your small business qualifies.
Why Your Small Business Needs a Solid Business Plan. Now.
Whether your business is starting up, considering expansion, or planning for the future, a solid business plan is an essential aspect of your operations. It’s so important that, without one, you could be missing out on funding opportunities and profits.
Tough Winter for Restaurant Owners – Sales Looking up for this Spring
After a harsh winter, same-store restaurant sales are seeing a rebound, although many still report traffic as a problem. Finding new ways to attract customers and drive restaurant traffic will help improve top-line growth and repeat business.
Restaurateurs | To Go Debt Free, or Not to Go Debt Free?
Some restaurants are going debt-free, but does that make sense for your business? Although some debt is decidedly “bad debt,” other investments can help accelerate your restaurant’s growth. Careful consideration of debt options is essential; read on for questions you can ask for a quick debt self-evaluation.
Could Your Small Business Survive Without Smartphones?
Have you ever checked your smartphone while with a customer or negotiating with suppliers? If you think your small business couldn’t survive without smartphones, tablets, or mobile apps, it may be time for a reality check
A Single Digit Percentage Can Double Your Restaurant Profits
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
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