The myth that restaurants generate immense sums of profit every year is largely false. Not only do restaurants have to pay a variety of business costs, which tend to diminish revenues, such as labor, food, utilities, and leasing agreements, they also have to keep the customers coming in. In today's tough economy it's getting a lot harder for restaurants to maintain a steady stream of customers. Some businesses seek out new ways to generate business during peak hours, while others want a greater number of patrons throughout non-peak hours. When restaurants don't have enough business financing, they have to come up with creative ideas that can help attract new customers. Every day, restaurateurs have to conjure up fresh ways to attract and keep guests coming back. This is sometimes accomplished with inexpensive marketing gimmicks, but other times more elaborate and expensive approaches are needed. The fact is, in addition to getting customers in the door you have to ensure that they have a positive in-store experience. From promotions to web advertising, from vouchers to social media, restaurants attempt to stay ahead of the competition through a variety of methods.
Essential Strategies To Increase Restaurant Revenue
Topics: Restaurant
3 Super Summer Baking Recipes
As a small business owner, evolving the menu at your bakery and capturing the tastes of the seasons is an integral piece to remaining successful. While your best sellers should always be available, taking advantage of fresh produce to keep your menu fresh is always in your best interest. Here we’ve compiled 3 of our favorite summer baking recipes.
Topics: Bakery
Here are some great summer appetizer recipes you can use to freshen up your menu this season. As always, adding your own personal touch to make the recipe yours is a great way to plate truly unique food items and increase restaurant revenue!
Topics: Restaurant
How To Streamline Your Pool and Spa Service Company
The warm weather is here which means peak season for the pool and spa service industry. As a small business owner it’s important to maximize your revenue during peak seasons. Alternatively, it is just as important to streamline and take advantage of opportunities during the offseason. Here we’ve assembled some easy techniques for getting the most out of every dollar.
Topics: Pool Service
The 4th of July can mean big business for restaurant owners that take advantage of their available resources. It will be here before you know it. A proper celebration can bring in a great deal of revenue and expand your customer base. Attention to detail is necessary in order for your event to have a positive impact. The following breaks down each area of your event preparation and what will be needed to turn a profit.
Topics: Restaurant
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