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…

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4 Ways Restaurants Can Embrace ESG

At a glance The main takeaway: More restaurants are embracing environmental, social and governance (ESG) efforts to create a positive impact on their communities and the world at large. Impact on your business: There are a few steps restaurants can take today to make a better ESG imprint, including reducing waste; using sustainable ingredients and…

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COVID Debt Relief – Bankruptcy and Weighing Your Options

At a glance The main takeaway: In a panel discussion with Graham Stieglitz, Partner at Burr & Forman, we dispelled bankruptcy’s negative connotation and explored how it can be an outlet for businesses to relieve debt, reorganize or start anew. Next steps: Evaluate your current situation and determine if bankruptcy is the best option for you —…

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4 Steps to Navigate COVID-19 Debt

At a glance Pandemic debt poses problems: Debt resolution remains a challenge for many restaurants, due to COVID-19-induced lockdowns and the current rise of the Omicron strain. Impact on your business: Businesses should prioritize open, honest communication with their vendors, landlords and lenders to help renegotiate terms and ease financial burdens while repaying debt. Next steps: Contact your…

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Restaurants 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…

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Experienced 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…

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Opening 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…

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Should 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…

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