As the pool of qualified and loyal employees tightens, restaurateurs are forced to increase salaries to keep pace with industry wages. Worse, some restaurants find themselves understaffed with high overtime costs.
A solution to consider is:
Trimming the menu
Consider reengineering the menu. By taking a closer look at the menu you may be able to minimize […]
Key Non-Family Employees
How To Keep Them Happy
Every business is faced with challenges. However, family businesses deal with unique problems that are even more challenging. While family ownership may have its privileges it doesn’t’ guarantee success or survival. Retaining smart young executives to assume leadership roles in a family business is an ongoing dilemma.
The following […]
One of the biggest challenges entrepreneurs deal with is getting customers/clients to pay on time. As the sluggish economy continues this financial headache can shut down your small business
But there are ways of getting paid more quickly.
Invoices — Send them as quickly as possible. Do you ever pay a bill without receiving an invoice? […]
RECIPES FOR SUCCESS
“Cutting Food Costs”
The restaurant industry, no different than many other industries, is hurting as a result of the recession and feels a decline in sales. In order to survive it has become clear that restaurateurs must cut food costs as well as look at new programs that will bring in more […]
FAMILY BUSINESS MATTERS
Linking One Generation To The Next
Did you know….90% of business in North America are family owned? Yet, it is estimated that only 40% survive to the second generation, 12% to the third and only 3% make it to the fourth. And you ask why?
Having founded and run a not for profit […]
SMALL BUSINESS BUZZ
Financial Spring Cleaning
Assuming you have filed your tax return (unless you have an extension) have you thought about what you will do with all the receipts needed for preparation of your return? This is a good time to do some financial spring cleaning.
So let’s focus on what to save and what to […]
My grandson Charlie a teenager, was taking the train to New York City from Connecticut. My immediate reaction was, What if he gets lost? What if he can’t find his friends? What if he misses the train? What if….? What if….?
What if……? My husbands least favorite words. What if this….? What if that…….?” And […]
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Winter in New England seems to go on and on and on and on. If its not 10 degrees then its snowing like hell or both. The plow guys will be driving Ferraris in the Spring. My ongoing comment has been “if you don’t like the winter weather why are you living in New […]
Those of you who have been following me for a while know that I’m a huge sports nut—-football, baseball & hoops—but that my teams, the Mets, Giants & Knicks, basically stink. I’m not a Yankee fan (if fact I might be considered a Yankee hater) but I’ve been following the ARod drama closely. It’s […]