Restaurants are a tough business. The margins are tight, the competition’s fierce and you’re at the mercy of outside events. For instance, following the lockdowns of 2020 and 2021, more restaurants than ever were declaring bankruptcy. In the 12 months to May 2022, 1406 restaurants in the UK went bust, up 64% on the previous year. In this less than ideal environment, any cost-effective ways to encourage more business must be worth exploring. Read on to see a menu of what’s possible. For Starters, Make Sure Your Free Options are Being Utilized There are many ways you can push your [...]

How well are you communicating with your employees? It might not be quite as well as you had judged. In one survey mentioned by Business 2 Community, 48% of employees said that they believed their employers needed to reconsider their digital communication strategy. There are, of course, various ways for you and your workers to stay in the loop. The following tips could help you to enhance how people interact with each other in your workplace. Cultivate a receptive atmosphere This is imperative, as Small Business Trends cautions that “when you communicate in an overly tense manner, the message you [...]

Calculating return on investment (ROI) will help you determine whether a new project or purchase is a smart choice for your business. However, if you make mistakes in your ROI calculations, you could be setting yourself up for failure. Unfortunately, many small business owners make easily avoidable mistakes when calculating ROI, which can cause serious financial issues. By learning about these common mistakes and how to calculate ROI properly, you can make the right financial decisions and achieve success with your business. The Most Common Mistakes in Calculating ROI To calculate ROI, you need to compare the gain [...]