Finding the space that’s right for your business is critically important—but that’s not the only decision you have to make. A recent blog post published on Kizer & Bender’s Retail Adventures discusses the topic of buying versus leasing retail space. Buying – While buying is often a good investment strategy, there are important financial considerations…
In a recent article for Uncorkd, Kyle Thacker tackles the subject of how bars and restaurants can go about pricing their cocktail menus. Though the pricing formula is relatively simple, there are a number of strategic decisions to be made. The author presents the following steps: Figuring out liquor cost – Bottle purchase price ÷…
Food waste is a long-standing problem in the restaurant industry. A recent article published by the National Restaurant Association offers strategies for reducing your kitchen’s food waste: Re-evaluate the value of your food – Change your perspective about the value of the food in your kitchen through visits to local farms. Track the amount of…
In a recent article for hospitalitynet, Robert Rauch, CHA, President of RAR Hospitality offers guidance for independent hotels on finding the right tools and cost generators to best fit their business. His advice includes the following: A savvy sales team is key—this group can either make or break your hotel. Addressing global distribution system business,…
