How to Grow Your Restaurant Without Going Broke
Todays post is from Greg McGuire at The Back Burner blog. I hope you find it as interesting as I did.
Small independent restaurants have been dropping like flies over the past year. Chances are, if you’ve made it this far through the recession, the worst is behind you. That doesn’t mean tough days aren’t ahead, but hopefully you’ve at least stopped just trying to stay above water and have started swimming a little. The waters out there are still dangerous, but if you’re not thinking about growth, you’re setting yourself up for decline.
Restaurants are a business like any other, and as an entrepreneur, you’ve already taken the plunge into the risky but potentially rewarding world of business ownership. Growing a business is never easy, and trying to grow that business in the current economic climate is even harder, which is why a few key principles for small business ring more true today than ever: (more…)
