Business owners often think it is less expensive to do their own financial record-keeping, but you may be surprised to learn that is seldom the case. Here are some reasons why: Time is money. Hours you spend tracking sales, classifying expenses, reconciling accounts, recording payments and creating monthly reports could be spent serving your customers, and […]Read More
Bookkeepers manage client accounts, produce financial reports, and monitor revenue, spending and invoices. They analyze financial documents to make sure accounts are current and accurate, using specialized software, spreadsheets and other tools. Businesses of all sizes do their own bookkeeping, but many others hire outside experts, because it usually saves them time, money and hassles […]Read More
Over the past 5 years, the food delivery industry has grown by 20% making it a $100 billion-plus industry. The food delivery trend is here to stay, and many restaurants, big and small, are looking to grow their customer base to new and regular customers who prefer to stay in. Not sure where to start […]Read More
It’s not a secret that most restaurants produce large amounts of garbage and use large amounts of water and energy. But consumers are starting to become more environmentally conscious, worrying about global warming and pollution. A study done by Purdue University found two thirds of today’s restaurant customers are willing to spend more if a […]Read More
Own a food truck? Need bookkeeping help? Send Us A Message to chat about how we can help you. In the technology community, the lean startup model is a common strategy used for new businesses. According to The Lean Startup, the lean startup method provides a scientific approach to creating and managing startups and get […]Read More
You may be spending a lot of time focusing on marketing or sales to grow your business. But analyzing your financial information is another important way to gain insight into your business and set future goals. What the Numbers Can Tell You Your profit and loss (P&L) statement, or income statement, is sort of like […]Read More
What makes a server stay at one restaurant vs. look for work elsewhere? We interviewed a server, Kenzie, at a popular downtown restaurant to find out! Question: What made you choose to work at the restaurant you are currently employed at? Answer: “The company and the bosses are super nice and willing to talk to […]Read More
Instagram recently released a new feature on their app called IGTV that shows vertical full screen videos, up to an hour long, for the accounts you follow. Instagram’s CEO and Founder Kevin Systrom describes the feature as “Just like turning on the TV, IGTV starts playing as soon as you open the app. You don’t […]Read More
In the restaurant industry especially, repeat customers make up a significant amount of your business. According to investor and entrepreneur Gary Vaynerchuk, the likelihood of a first time customer returning to a restaurant that they enjoyed, is about 40%. If they come back the second time and have another positive experience, there is about a […]Read More
How do people find new restaurants to try? Most people turn to the internet! While having a presence on sites like Yelp is a must, restaurants should also have a presence on social media. Whether you choose to use Facebook, Instagram, Twitter, or a combination of multiple popular social media sites, here are a few […]Read More
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