Blog posts tagged with "Restaurant Loans"

To run a successful restaurant, it’s pivotal that you stay up-to-date on the latest industry trends. Plus, your role is likely extremely busy. From managing employees to purchasing inventory to providing customer service, you probably don’t have a lot of down time.

In 2017, more than 10,000 restaurants closed, leaving these small business owners with disappointment and uncertainty about the future . While it’s unclear how many restaurants fail in the first year (outlets have reports varying from 17 to 90 percent), the reality is that many new businesses fail. Due to this, small business owners must work hard to keep their doors open.

In 2008, Roy Choi sold Asian-infused tacos from his truck in Los Angeles. Although Kogi BBQ wasn’t the first food truck in American history, Choi sparked a movement that’s continuing to thrive today.

Word of mouth is the oldest, and still the most effective, way of promoting any venture. Yet with the popularity of smartphones, electronic word-of-mouth has become the primary channel that people find new businesses. Research shows that the best spokespeople aren’t celebrities or social elites. Instead, they are communities of helpful consumers who want to share their experiences with others.

When running a successful small business, there will always be room for improvement. Whether it is updating technology, purchasing new inventory, or hiring more employees, there are many ways to continually elevate your business. These initiatives will vary depending on many factors, one of them being the industry that your business is in.

Napkin? Check. Fork? Check. Perfectly filtered photo with a witty caption? Check. Before taking their first bite, millions of consumers are taking food pictures and posting them on Instagram.

Tomorrow, February 9th, is National Pizza Day! If you own a pizza shop, you likely know that to be successful you must invest in a variety of areas, such as the quality of your ingredients, customer service, and your business’s physical location, just to name a few examples. Unfortunately, it can be challenging to afford these costs. That’s why many restaurant owners pursue business financing options, such as merchant cash advances, lines of credit, sba loans, credit cards, and small business loans. In this post, we’re going to focus on business loans, and explain how you can utilize it!

Are you looking for another way to generate sales for your restaurant? It might be time to offer catering services! By incorporating restaurant catering into your services, you’ll be able to serve additional customers and earn more revenue. It’s a win-win!

As a restaurant owner in the U.S., you’re one of over 1 million restaurants nationwide. With this much competition, you must ensure that you keep up with customer demands. In addition to customer service, delicious food, and a nice interior, customers will also appreciate having the option of restaurant delivery services.

You might think that having a love of cooking and a little business savvy is all it takes to run a catering company. However, a lot more goes into growing a catering business and doing it well.