Let's face it, owning a restaurant can be tough...
As you're likely aware, the restaurant industry has very tight profit margins. And that's precisely why developing an efficient and accurate restaurant accounting system is of utmost importance if you want to continue to grow your business.
Topics: Restaurant Bookkeeping, Restaurant P.O.S, Bookkeeping Salt Lake City, QuickBooks For Restaurants, Restaurant Accounting, Restaurant Industry
Long hours, high overhead, wasted ingredients, and difficulty making profits are some of the barriers to success for restaurant owners.
Yet, for those who love the business or who dream of having a place where everyone knows your name, there’s no other opportunity that comes close.
An often neglected aspect of restaurant management is bookkeeping. Unfortunately, once you are behind on your restaurant accounting, it is difficult to get caught up.
The profit margins in the restaurant industry are too tight to let your bookkeeping slip. If you aren't watching your financials closely it may be too late to fix problems by the time you catch them.
This guide will help you understand the basics of what a trained accountant will help with as you develop a reporting and growth plan.
Effective restaurant bookkeeping starts with you. Whether you’re running the accounting services yourself or outsourcing your restaurant accounting, staying on top of the day-to-day bookkeeping is essential to stay ahead of your competition and turn a profit.
Topics: Restaurant Bookkeeping, Restaurant P.O.S, Bookkeeping Procedures, Bookkeeping Processes, Simple Bookkeeping, Restaurant Bookkeeper, Restaurant Accounting
What does it mean to have a “human” workplace? In the past, it wasn’t uncommon for employees to feel like just a cog in the wheel of the company. They were just numbers, and their performance didn’t matter beyond just getting the job done on time. Today, times are changing faster than we would have thought possible in the past.
In a world where it’s increasingly challenging to find top talent, it’s time for a shift in culture. Now, instead of just creating great workers who get the job done, it’s about creating great leaders. Leaders in the workplace come in all shapes and sizes. They take the initiative on projects both large and small, and they’re an asset to any company.
Topics: Business Leadership, Business Culture, Hiring, Growth Coach
It seems to me that most small business owners number one priority and goal is growth. Everyone wants to grow their small business.
Topics: Financial Forecasting, Small Business Consulting, Scaling A Business, Growth Coach
Did you know that almost every business follows a typical life cycle with regard to what it chooses to sell? The life cycles of products and services illustrate their growing or shrinking market positions, and are usually determined by how long they remain in demand.
Topics: Financial Forecasting, Small Business Growth, Growth Coach, Pricing
I was recently approached by a business about setting up an automated bookkeeping system before they had even started the business.
Topics: Efficiently Using QuickBooks, Bookkeeping System, Growth Coach, Automated Bookkeeping, Accounting Automation
A great company culture can resonate through many areas of the organization, creating a collaborative and supportive community that ultimately bolsters the bottom line. A great company culture is what creates words like “synergy” that everyone strives for, but no one truly understands until they’ve seen it in action.
So what’s the secret sauce for creating a great company culture? Getting the right people in the right role within your company and avoiding these common hiring mistakes.
Topics: Scaling A Business, Business Culture, Hiring, sourcing employees, Employee Costs
We have been in business for over 11 years now. Over that time period, we have made some great decisions that have led to successes and also some terrible decisions that have led to failures.
Topics: Strategic Planning, CEO Advice, Growth Coach, Decision Making
Topics: Entrepreneurship, Growth Coach, Profit Coach
I hope that as a small business owner you believe that the customer experience still matters, even though you are small. The customer experience matters even if you are a solo business owner. And you might think that if you are the only employee that you are in complete control of the customer experience; I would have to disagree. Let's dive into the details.
Topics: Small Business Growth, Small Business Sales, Customer Success, Customer Relationship Management, Customer Experience
