Food service is unarguably one of the most challenging industries for a business owner. With heavy competition and high failure rates, it’s important for your business to stay relevant if you want to succeed; however, due to the changing nature of the industry, staying relevant today is not the same as it was when you […]
Photo: Victor J. Blue / Bloomberg Minimum Wage Increase Effects on the Restaurant Industry At a time when minimum wage in the United States varied from $5.15 in Wyoming, to $9.15 in Connecticut, and with the Federal wage set at $7.25, New York made history when they raised their minimum wage to $15.00 (source: […]
In any case even the savviest of authorities strives to identify what the deciding factors are that influence Millennials and where they choose to spend their dollars when they go out. Millennials are an essential demographic; standing 90+ million strong, its the largest demographic accessible, by far. The study of “Millennials” is focused around how […]
With new technology and capabilities being released on a daily basis, the consumer’s demand for the next new and exciting product or service is higher than ever. There is no exception when it comes to restaurants either. The top contenders in the restaurant industry have to stay on their toes and be ready to implement […]
How does the 2014 IRS Rev. Ruling 2012-18 affect restaurant service staff and restauranteurs? 2014 has brought many changes to the restaurant industry and one of the most buzzed about topics is Rev. Ruling 2012-18 according to news channel WFAA. This ruling implies that restauranteurs must differentiate between automatic gratuities and voluntary tips which can […]
If you’re Considering a Restaurant Consultant for your Business, you are not alone. 39% of restaurants in the US have used a consultant. Most restaurant consultants are not like Gordon Ramsey, by far. After all, a consultant’s job is not to increase a TV show’s ratings by creating drama. Instead, a restaurant professional consultant’s main role is to […]
Professional restaurant consulting is an increasingly common service that is provided in the restaurant and hospitality industry today. In part it’s because restauranteurs, owners and management alike are looking for help in growing, turning around or opening their businesses and have realized that a non-biased professional opinion and plan is an effective resource. Still across […]
What is an Operational Analysis and how does it work? In this article we’ll answer these questions and explore the benefits of an operational analysis. Regardless of what industry your business serves, it never hurts to have a knowledgeable third party look at every aspect of your operations to identify potential areas of improvement. If […]
Taking Small Steps to Achieve Larger Goals A well-organized weekly plan can truly make the difference between a growing profitable establishment and a drifting restaurant. Whether you are running a small “mom & pop restaurant”, a high volume casual restaurant, a theme restaurant, a fine dining restaurant, any food service venue or bar, the fact […]