Here are some tips for managing labor costs in a way that both satisfies your employees and keeps your new restaurant running smoothly.

Strategy

How to Manage Labor Costs for Your New Restaurant

This article is part of our Restaurant Business Startup Guide—a curated list of articles to help you plan, start, and grow your restaurant business! Whether you’re about to open a restaurant or have been running your place for a few months already, there’s no doubt that the process will be expensive. Alongside food and beverages,...

By Ezra Adler |

The Biggest Business Fails of 2014 and How to Avoid Them

Every year, a few businesses make bad decisions or mistakes publicly. Sometimes they recover quickly and no one notices. Other times, the blunders are nothing short of newsworthy. We’ve gathered up some of the worst fails of 2014 and included some helpful tips on how to avoid them yourself. Walmart asks its employees to purchase...

By Angelique O'Rourke |

Here’s to You, Women in Business

If you’re an active part of your city or town’s community, you may have noticed a sudden spike in the number of activities and events relating to business and entrepreneurship. That’s because we’re now in the midst of Global Entrepreneurship Week (GEW); a week wholly dedicated to inspiring people to unleash their ideas and take the...

By Angelique O'Rourke |

20 Networking Tips From a PR Expert

Below is an adapted excerpt from “The Little Book of Big PR: 100+ Quick Tips to Get Your Small Business Noticed” by Jennefer Witter. It was published in October 2014 and is available for purchase online and in paperback.   I have a secret. I didn’t start actively networking until I started my business in 2003....

By Jennefer Witter |

Take Advantage of a New Trend: Big Businesses Look to Small to Innovate

An increasing number of big companies are hiring small businesses to help them develop innovative products, processes, and procedures. If your company is an innovator, you may be able to team up with larger firms to grow your business much more rapidly. Many small businesses see themselves mainly as competitors with larger companies in their...

By Lew Koflowitz |

Product Packaging: The Most Overlooked Detail

Advertising budget: check. Marketing budget: check. Product development budget: check. Product packaging? Uh, check back later. If you’re like most small businesses, product packaging is often a last minute detail for you, or at least not at the top of your priority list. But there’s a reason the saying, “Don’t judge a book by its...

By Brittany Klontz |

The Top 5 Intellectual Property Mistakes

Disclaimer: This article is intended to be general information and nothing in this article constitutes legal advice. Please consult with an attorney before making any intellectual property or other legal decisions. Everybody makes mistakes, but some can be prevented. Read on to see five common mistakes regarding intellectual property, so you can avoid the pitfalls....

By Mary Juetten |

9 Metrics Every Entrepreneur Should Know about Their Business Offhand

There’s no excuse for not knowing how much money you are taking in, or how many people have purchased your product. Yet you might be surprised how easily business owners are stumped by questions like these. That’s why we asked nine members from Young Entrepreneur Council (YEC) what metrics all founders should be aware of—always. Here’s what they had to say: 1. Cash on...

By Scott Gerber |

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Here are some tips for managing labor costs in a way that both satisfies your employees and keeps your new restaurant running smoothly.