Paper, paper, paper. Whether you run a restaurant, own a hotel or manage an apartment, paper is probably a huge part of your life. It’s still a fundamental tool of business management today, but it’s increasingly becoming less and less necessary. If you’re thinking of switching to digital, the time is now.
The number of food trucks is on the rise and that’s a good sign for the restaurant industry as a whole.
The popularity of food trucks is soaring and shows no signs of slowing down. Budding chefs and restaurateurs once saw food trucks as a novel way to enter into the culinary industry without a brick and mortar investment. Now, even established eateries are embracing food trucks for a variety of reasons. Before you starting truck shopping or coming up with punny names for your menu, consider the benefits and the challenges of operating a food truck connected to your restaurant. Here’s what every restaurateur needs to know about the trend.
Every restaurant owner knows keeping costs down is the biggest key to turning a profit.
In the restaurant industry, margins are tight. You need to know how to get the best prices with vendors so you stay in the black. Whether you’re running your first restaurant or your sixth, knowing how to get the best prices with vendors, negotiate, and keep costs down is a vital skill. Restaurants are tight ships and there’s not much wiggle room to spare. If you can save money, you’ll please your customers with competitive prices and attract top talent for your staff with fair pay. Here are five ways to save on restaurant costs and keep your business afloat.
Turn a hard-to-market small studio apartment into a high-demand property with simple tips to boost the appeal.
Small studio apartments are often thought of as challenging units for property owners to fill. Striking the right balance between affordability and profitability is the challenge to finding tenants, but if the space is marketed correctly, the pool of potential renters opens up significantly. Proper marketing requires capitalizing on a product’s appeal. Small spaces offer many advantages for smart renters. All it takes is basic marketing prowess and thinking outside the (small) box.
Every landlord knows, renters often need a lot of information before they sign the dotted line.
Just when you think you’ve heard every question out there a renter will come up with a new one. Can I install a solarium? Do you allow pot-bellied pigs? Do you mean, I’M responsible for cleaning the oven? Most building-managers have heard it all. While you can’t anticipate every question, there are many you can. Here are the 12 basic renter questions every landlord should be prepared to answer.
Everyone loves outdoor dining in the summer, but outdoor dining can boost your traffic all year long.
Eating outdoors (aka “dining al fresco”) is one of the simple pleasures of the restaurant patron experience. Food tastes better and drinks go down easier in the fresh air. For restaurant owners in the Midwest facing winter weather, it’s tough to weigh the cost-to-benefit ratio of setting up a space for a few months out of the year. Yet, with some smart strategies, it’s possible to create a comfortable patio, diners will enjoy with or without cooperation from Mother Nature.
The hospitality industry is changing and with alternative options like Airbnb becoming the norm, hoteliers may worry about relevance. Rest assured, many travelers still enjoy staying in hotels for the privacy, amenities, and experience. Here’s what you need to know about attracting guests and filling your rooms.
Renting is no longer just for college kids and young executives.
Baby Boomers are hitting retirement age and drawn to the convenience of renting. Here’s what every building owner needs to know.The face of the senior market is changing rapidly. As Baby Boomers hit retirement age, many are seeking the convenience and sense of community found in rental properties.
Congratulations on your successful restaurant launch! Now, how do you build on your reputation?
All your blood, sweat, toil and tears finally paid off. Not only did you open your restaurant successfully, but you’re ready to keep going—building on your triumph. A restaurant launch is an amazing accomplishment few people ever get to experience. Congratulations! Hidden inside most achievements are the first steps to the next challenge. How do you keep the ball rolling forward once the novelty wears off? Managing a restaurant requires a different mentality and skillset than starting a business. Here are a few tips to keep in mind…
Attract renters by ensuring your properties are kid-friendly and child-safe!
Property owners know, every apartment must be safe for every age (and the Fair Housing Act protects all families who wish to rent). Rather than looking at child-safety as another task on your to-do list, savvy landlords know that appealing to families is important. Families with kids are often stable, responsible renters—here’s how to create a child-safe property to attract great tenants.