New business owners have to learn a lot about their industry as they go. It’s especially true for restaurant owners, who must understand the day-to-day financials, the food industry in general, ordering, tax terms, and more. You want to make sure you know important industry terms so you can run your business properly and also
The Restaurant Guide to Charitable Contributions
The holidays are fast approaching, and with bell-ringing and good cheer comes the inevitable question for restaurant owners: what do I do about charitable contributions? For many individuals, the decisions are fairly simple: we all have our favorite organizations or know people doing good work in the world. But for businesses, particularly restaurants, the landscape
How Should I Price My Restaurant Menu?
The price. It’s often the first thing your guest will notice, and probably one of the (many) things keeping you up at night. How do you know it’s right? Does demand matter? Is just covering your costs enough? Does the price reflect the real value the customer is receiving from their meal? All of these factors
The Big Business of Business Diners, Part Two: Tips for Restaurants
You now know about the unique needs of the business diner, but how can you make your restaurant the perfect choice for their meetings? According to restaurant experts speaking at the National Restaurant Association Show in Chicago, all it takes is a few tips — and a lot of relationship building. 1. Concentrate on
What You Need to Know about the Restaurant Industry
Understanding and keeping an eye on the economic landscape of the restaurant industry can be an integral part of managing your business. As a provider of financial and marketing services to the restaurant industry, Rewards Network has unique insights into the industry through the data we receive from over 10,000 restaurants. We also monitor the
