You can greatly improve your cash flow by adopting a policy of smaller, more frequent price increases instead of waiting for a year or longer before raising prices a larger increment.
Use this simple example to catch my drift:
Chicken tenders $5.99 from January 2008 – January 2009
Price raised to $6.99 after January 2009
4000 orders of [...]
Entries from October 2008
Quick tips – Update your menu often
October 30th, 2008 · 3 Comments
Tags: Quick Tips
Who is the target market for your restaurant?
October 17th, 2008 · 2 Comments
This may be the most important question you can answer when designing a restaurant concept. It is definitely the most important question to answer when creating a marketing plan.
One of the biggest mistakes restaurants make is trying to appeal to everyone. If you think that your target market includes everyone, you are setting yourself up [...]
Tags: Articles · Uncategorized
Who’s in charge of your restaurant?
October 14th, 2008 · 2 Comments
Charlie said….. Marla said….. Patrice said…..
He said, she said. It’s a game that gets played in a lot of businesses. Not having a defined “pecking order” that is understood by every person in your organization can lead to a lot of unneccessary headaches. Here’s a quick lesson about avoiding this business pitfall.
Who is in charge [...]
Tags: Articles