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Employee Retention: How To Retain Employees For Small Businesses

Sling

Employee retention should be high on every manager’s priority list. If it’s not, you run the risk of your best employees leaving for greener pastures. But an employee leaving doesn’t just impact you, the manager. It can also cause ripples throughout your business as a whole. Strategies To Improve Employee Retention.

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The Ultimate Guide to Restaurant Costs

7 Shifts

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. In this guide we won't worry too much about the differences, but in general: A restaurant cost is a one-time expenditure on a material resource like food, liquor, dishes or kitchen equipment.

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29 Proven Grand Opening Ideas For Small Businesses

Sling

It’s vital to get it just right in order to set the best tone for your business going forward. Our experts have created a list of proven grand opening ideas for small businesses that will help you get the word out and host the best event possible. Grand Opening Ideas For Small Businesses. 6) Pass Out Flyers.

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The Complete Checklist For Selling Your Restaurant In 2024: Pre-Sale, Sale & Post-Sale

7 Shifts

Other possible reasons include wanting to retire or find new business ventures. If your business is priced too high, buyers may overlook it. Moreover, a correct valuation reassures buyers that your business is financially healthy, even with the restaurant costs that come with it.

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How Small Businesses Can Navigate Surcharges, Service Fees, and Junk Fees Law

SpotOn

Restaurants and other small businesses operate on slim margins. Repairing equipment, credit card fees, hiring and training staff are all necessary expenses, but they're costly. Restaurants, with the gratuity system and fluctuating cost of goods, often rely on service fees or sometimes surcharge fees to stay in business.

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How to Open a Coffee Shop: The Ultimate Guide

7 Shifts

Write a Coffee Shop Business Plan. Sourcing Equipment. This step and research component is the foundation behind your business, and should be taken seriously! Visit them to learn more about what drives their business. Do they serve just coffee or small foods as well? Competition and neighboring businesses.

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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

Bookkeeping is one of the most essential aspects of any restaurant business. After all, a small, honest mistake can accumulate over time and turn into bigger operational problems— 17% of restaurants even fail in their first year due to mismanagement of finances. If that isn’t possible, then go for alternatives.