Restaurant cash flow management
The restaurant industry is one of the most competitive industries in the world. In order to succeed, restaurateurs need to be efficient and effective in all aspects of their business, including cash flow. Cash flow is the lifeblood of any business, and restaurants are no exception. In fact, cash flow management is even more important […]
6 financial mistake made by SMEs
SMEs (small to medium sized enterprises) are a vital part of the UK economy, employing around two-thirds of the workforce. With their rapid growth in recent years, however, SMEs have also become increasingly vulnerable to financial mistakes. This article provides a guide to some of the most common financial mistakes made by SMEs. Not having […]
Why a good business strategy is important for growth
A good business strategy is essential for any company looking to grow and succeed in the long term. No matter what industry you are in, there are certain key strategies that will help you achieve your goals. In this article, we will take a look at three different types of business strategies that can help […]
What you can gain from investing in customer loyalty
Customer loyalty is one of the key tenets of businesses today. When your customers are loyal to your brand, they are more likely to come back and recommend you to their friends. But what do you gain by investing in it? Read on for some tips! What is customer loyalty? Customer loyalty is the degree […]
The importance of financial planning in the hospitality industry
It is important to have a well-thought-out business plan when you are opening or running a UK hospitality business. You need to establish realistic goals, set budgets and understand the costs of your business in order to better manage them. In this article, we will discuss how financial planning can help you maximize your profitability […]
