Tax Planning For Small Businesses
If you want to minimize your tax burden, tax planning should be done all year. Whether you are looking for tax friendly ways to run your business, capitalize on deductions, or survive an audit the following strategies can help reduce your tax bill and make paying taxes less anxiety provoking.
Do […]
Did you know McDonalds started as a single unit restaurant in 1940 and today has franchises in 119 countries?
I’m not suggesting you become a McDonalds and open restaurants all over the world, but if you are the owner of one or more restaurants and aspire to open more, successful restaurant expansion begins with a […]
Multi Generational Family
Business Conflicts
With 90% of businesses family owned, family businesses are the mainstay of our economy and make up the bulk of small businesses. Yet, unlike non family owned businesses, families who work together face a unique set of conflicts between generations. Depending on the needs of family members, conflicting issues surface with […]
Employee vs. Independent Contractor
Do You Know The Difference?
While an employee is not the same as an independent contractor, an exact definition is not always clear. Yet, to avoid unwanted surprises, it is essential that business owners clearly understand the difference and be able to determine how to treat the payments made for services provided.
According […]
Serving Up Trends
With the instability of the economy, the marketplace still shifting and the election year “dance” around tax laws, health-care costs and minimum wage requirements, consumers are cautious about spending. But, if they perceive good value they might be ready to put their hand in their pockets. Yet, value has a different meaning […]
Family businesses, more often than not, are burdened with problems non-family owned businesses do not have. Family relationships can impair performance and destroy what has been built putting a strain on the family and the business working relationships.
However, with good planning — and lots of it, family owned businesses can survive the test of […]
When it comes to financial management of your company cash is always king! The lag time between collecting from your customers and the time you have to pay your suppliers and employees is the problem…..but there is a solution — managing your cash flow. To put it simply, management of cash flow means delaying […]
Technology and trends are changing constantly and tactics for marketing your restaurant or food service business should change right along with it. Traditional marketing programs still work today, but new strategies, ie; the internet, social networking and environmental marketing are now key components that must be added to your marketing mix.
Some new marketing ideas […]
How To Keep The Family Business Thriving
Difficulties faced by family can sometimes lead to their demise. Stats tell us that the success rates of many entrepreneurial business is generally poor and estimates that 70-80% of all private businesses fail during the first 4-5 years with fewer lasting than 10% the last 10 years. Family […]
The Art of Negotiation
Negotiations are a game yet many don’t play as they lack confidence. But once your know how to play the game negotiating can be fun and you can come out the winner. Once you learn the rules, the strategies, tactics, and play by the rules, negotiating gets easier because the emotion […]