Crowdfunding as a form of financing for restaurants is certainly not a new concept. Many restaurants now offer food and beverage as a form of repayment on investment, which, if done correctly, can provide your restaurant with the necessary capital without giving up any equity.
Restaurant sales are on the rise, and it’s time for your restaurant to embrace this trend immediately. The economy cannot do this on its own, though, and there are things you, as a restaurant owner, can do to continually boost sales. However, new business models require funding, and a capital advance could be the solution you need.
2015 brings minimum wage hikes for a number of states, with more states to follow in the coming years. It may seem the only way to cope with this hike in labor costs is to raise the price of menu items and downsize your number of employees. These are not your only options to deal with this short-term hurdle.
Credit card processing fees can be a confusing whirlwind for business owners, making the possibility of overpaying extremely likely. Researching and understanding what each provider has to offer puts you in control of how much your business will spend, the way your community views your establishment and employee satisfaction.