Understanding Restaurant Profit Margins
Restauranteurs are passionate about creating beautiful experiences with delicious food, striking ambiance, and immaculate service. All these elements demand a unique and specific skill set, and financial management may be an overlooked part of the equation. It’s true, though, that a restaurant manager must know as much about money as they do about food. If […]
How Can Manufacturers Reduce their Carbon Emissions?
Greenhouse gases such as carbon, methane, and nitrous oxide have been shown to have a detrimental effect on the earth and its environment. In addition to damaging the earth’s ozone layer, they cause air pollution, which increases rates of respiratory illnesses. According to the Environmental Protection Agency, it’s estimated that 23% of all greenhouse gas […]
How Can Restaurants Utilize Social Media?
Social media can be a double-edged sword when it comes to restaurants. It’s a powerful tool for marketing your brand, but it can also backfire if you don’t have a solid strategy in place. Remember that social media can allow other users to control the narrative about your restaurant if you don’t establish a clear […]
When is Lender-Placed Insurance Required?
Buying a home comes with an array of different expenses. In addition to monthly mortgage payments and utilities, homeowners must pay for insurance, too — and premiums can quickly become costly. The average annual premium is $1,585, but this number can fluctuate wildly based on the age, condition, and location of a home. It’s unsurprising, […]
Preventing the Risk of Cross Contamination in Restaurants
As a restaurant owner, you know that thoroughly cooking food is essential to killing bacteria and ensuring dishes are safe to eat. However, even well-cooked dishes may suffer cross-contamination from raw ingredients or unclean surfaces. Cross-contamination is a serious concern in the food service industry, as it can make customers ill and leave you vulnerable […]
Wholesale & Distribution Forecast for 2022
Nobody could’ve predicted the impact that 2020 and 2021 would have on the global economy. The consequences of COVID-19 and a major labor shortage put many industries through stress that they could barely survive. Still, strong sectors such as the wholesale industry were able to withstand the storm, prompting the question of what 2022 will […]
How Can Restaurant Owners Attract Clientele in Winter?
Have you or your business managers been looking for new ways of attracting business to your restaurant in winter months? Unfortunately, the winter months can sometimes present a challenge for the restaurant business. Many would-be customers sometimes opt to stay at home rather than venture into the cold or splurge on a restaurant meal. However, […]
Lender Placed Insurance FAQs
Mortgage agreements typically include specific requirements for insurance that borrowers must satisfy in order to maintain compliance with their contract. These requirements vary based on your lender, property value, and home location, but what happens when a policy isn’t compliant — or a borrower fails to maintain any insurance? What is Lender Placed Insurance? Lender […]
Goal-Setting Tips for Your Restaurant
What are the goals of a restaurant business? Whether your current goal is to boost the bottom line, increase your employees’ skill sets, improve your restaurant’s local reputation, expand the menu, or something else, understanding how to set those goals and work towards them in a consistent and realistic way is important. However, even responsible […]
Tips for Calculating Your Wholesale Company’s ROI
How do you calculate a company’s ROI? Even if you have extensive experience managing other important aspects of your business, figuring out how to calculate return on insurance, or ROI, may seem opaque and complicated. What is a good ROI for wholesale and what investments are worth it may depend on your particular business goals […]