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

Serve Up a Great Meal and a Strong Financial Plan

Steve O'ConnorBusiness Plans, Capital Advance, Cashflow, Funding Options, Restaurant, Small Business FinancingLeave a Comment

In September 2013, QSR wrote, “in the quick-service industry, the path to success is straightforward: offering good-tasting, quality food prepared quickly in a clean and courteous environment.” That seems clear enough; quick-service and fast-casual restaurants got into business with this objective at the top of their lists.

Government Shutdown Means Access to SBA Loans Limited

Steve O'ConnorCapital Advance, Funding Options, Merchant Cash Advance, Small Business FinancingLeave a Comment

When the Federal government shut down on October 1, 2013, “non-essential federal employees” were furloughed—meaning they could not go in to work. And while many Americans don’t necessarily feel that effect on a day-to-day basis, small business owners who were considering SBA loans will definitely see the impact.