Posts by Jessica Hussain
3 Ways to Attract Top Talent in Restaurants, Franchises and Hospitality
At a glance Competition is getting tight: The hiring market has never been more competitive in restaurants, franchises and hospitality, leaving many businesses struggling to stay fully staffed and desperate to attract talent with staying power. Strategize for the bigger picture: Employees are thinking beyond the paycheck as they seek out new jobs, so employers…
Read More4 Ways Restaurants Can Embrace ESG
At a glance Schedule a consultation with an Aprio advisor! The full story: Over the past 10 years, companies across industries have been galvanized to focus on environmental, social and governance (ESG) issues — and the push toward sustainability includes the food and beverage industry. According to a recent report from Kerry, 49% of global…
Read MoreUpdate: Federal Judge Rejects Motion to Halt the DOL’s 80/20 Rule for Tipped Employees
At a glance Schedule a consultation with an Aprio advisor. The full story: At the end of last year, the United States Department of Labor (DOL) made effective a final ruling on “dual jobs,” which reinstated the 80/20 rule and introduced a new 30-minute rule for tipped employees. Under the regulations, restaurants can apply a tip…
Read MoreCOVID Debt Relief – Bankruptcy and Weighing Your Options
At a glance Schedule a consultation with an Aprio advisor for help navigating COVID-related debt. The full story: In a recent article inspired by our co-hosted webinar with Graham Stieglitz of Burr & Forman, we discussed the four initial solutions businesses can pursue to resolve pandemic debt. But in some cases, those preliminary steps may not be enough.…
Read More4 Steps to Navigate COVID-19 Debt
At a glance The full story: Restaurants are among the many businesses navigating the road to financial recovery under the weight of the COVID-19 pandemic. Unfortunately, as cases continue to rise due to the highly contagious Omicron strain, pandemic-induced debt likely will continue to be a challenge for the industry going forward. The silver lining…
Read MoreMake Your P&L More User-Friendly: Tips for Making the Most of Your Income Statement
By: Jessica Hussain Tips for making the most of your income statement A surprising number of restaurant owners and managers avoid looking at their P&L (also known as an income statement) regularly. But even the most numbers-averse restauranteur can learn to love — or at least not fear — their P&L. It is, after all,…
Read MoreRestaurants Use Composting for Sustainable Food Waste Removal
Plastic straws have been all over the news lately. As the NYT recently wrote, “the ubiquitous plastic straw has suddenly become a pariah for the harm it can do to the environment.” In the realm of single-use plastics, straws don’t take up much space, but they have become a focal point for environmental activists. Some…
Read MoreExperienced Restaurant Owners Have Options for Growth Capital
Experience is a tough teacher, as any business owner will tell you. But experience also brings with it new opportunities, including access to a wider world of financial options for restaurateurs looking to expand. As we discussed in a recent blog on start-up funding for new restaurant owners, opening up a business for the first…
Read MoreOpening your First Restaurant? Here’s How to Raise Capital
Opening up a business for the first time in any industry is difficult. Opening up your first restaurant is even harder. Restaurants are capital-intensive and expensive to build out, and the stabilization period is long and uncertain. Compared to experienced business owners with a financial history, first-time restaurant owners will have limited access to sources…
Read MoreShould Your Restaurant Go Cashless?
Cashless restaurantsare on the rise, even though the average American still carries cash in her wallet and uses it for nearly one-third of transactions. Restaurateurs considering going cashless must balance the benefits of operating cost reductions and greater security against the risk of losing customers who prefer, or need, to pay with cash. What’s a…
Read More