Business Management

5 Ways Gratitude Can Help Your Business

In this dog eat dog world, it seems like most people are “adopting the every man for himself” philosophy, but as a business owner that kind of attitude will actually hurt your business more than you realize. Studies have actually shown that companies who instill a culture of gratitude at their business are more successful than their counterparts.  “Thank You” are surprisingly two very powerful words.

On a personal level, feeling appreciated by your boss and feeling grateful for your job actually releases dopamine in your hypothalamus and helps us feel happier, less stressed and more productive.

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What Not to Do When Building Your Brand

As a new entrepreneur, one of the most important things you need to do is to build a strong brand. You want to have a good reputation with your customers and the world at large, but sometimes one bad mistake can tarnish your brand in ways that can be hard to bounce back from.

Here are some common mistakes to avoid when you are building your brand:

Being Too Customer-Focused

This might seem counter-intuitive but it really isn’t if you think about it.

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6 Top Reasons to Buy Three Franchise Units Instead of One

Most Important Franchisees Questions to Ask

You’ve decided to take the plunge and become a franchise owner. Now there are so many decisions to make..what type of franchise should I run, what are the options in my price range, and of course what type of location is best for my franchise unit? What you might not think to consider, however, is should you buy three franchise units instead of one?

While this may seem like a way bigger investment especially when you are just starting it out, it may surprise you to know that that it is a growing trend in the franchise world.

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Do I Really Need a Business Plan for My Franchise?

Developing a business plan takes some planning and forethought and entrepreneurs often wonder if one is really necessary. There are a lot of benefits to it though. Here are some reasons developing a business plan from your franchise is a good idea.Developing a business plan takes some planning and forethought and entrepreneurs often wonder if one is really necessary. There are a lot of benefits to it though. Here are some reasons developing a business plan from your franchise is a good idea.

The most important reason to develop a business plan is that it forces you to think about every detail of your franchise and anticipate any problems or issues that might come up.

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The Top 10 Important Things to Know When Becoming a Business Owner

You have finally done it. Taken the big plunge and become a business owner. It is a dream come true, but there is a lot of hard work ahead of you to turn your business into a successful venture. Having knowledge and resources at the ready will help you be prepared for all the ups and downs of owning your own business. Being a business owner is a tough, but rewarding job if you go at it the right way.

Here are the top 10 important things to know when becoming a business owner:

Stay Focused

As a new business owner, you will be probably asked to get involved in different projects outside of your business, and while it can be tempting to consider other revenue-growing options, there are only 24 hours in a day.

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Top Hotel Room Service Trends in 2017

Top Hotel Room Service Trends in 2017

There was a time a few years ago that it looked like hotel room service was going the way of the dodo bird. Big hotels were cutting back or getting rid of room service completely because of all the added cost and the lack of interest in it. But recently there has been a resurgence in room service as hotels find new ways to serve their guests. Going away is the typical hotel room service with the room service carts and dishes and bland fare that may or may not be still warm when you get it, and in its place is coming a room service that adapts to the needs of its guests.

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11 Traits Restaurant Owners Should Look for In a Restaurant Manager

11 Traits Restaurant Owners Should Look for In a Restaurant Manager

As a restaurant owner, you depend on your manager to keep your restaurant running efficiently and to handle any problems that come up with guests or staff. Especially if you prefer to be more of a hands-off owner, having a restaurant manager you trust is crucial. Besides their experience in the business, there are also certain qualities you should look for if you are hiring a new restaurant manager.

Because it is a high-paced job that requires long hours and lots of human interaction, this isn’t a position for everybody.

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9 Ways to Make Your Restaurant Kitchen Run More Efficiently

9 Ways to Make Your Restaurant Kitchen Run More Efficiently

As a restaurant manager or owner, your to-do list can be a bit overwhelming, but you know every little detail does count, especially in the kitchen. While unfortunately there will never be more than 24 hours in a day, there are ways to run a more efficient kitchen.

Here are 9 way to make your restaurant kitchen run more efficiently:

Listen to Your Employees’ Feedback

We all get set in our ways and believe that the way we run things is the best way, the only way, but a true leader listens to his or her staff and is willing to see the process through their eyes and listen to their recommendations.

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Beginners Guide to Restaurant Management

Guide to Restaurant Management

Opening a restaurant is a big undertaking. Just getting it off the ground and running is major accomplishment so if you have just opened your first restaurant, kudos for making your dream a reality. Don’t celebrate too hard though because there is still a lot of hard work ahead to make sure your restaurant is a thriving success. Your first year in business is a crucial time for you to iron out all the wrinkles and find your place in the restaurant industry.

As a restaurant owner, you might hire a manager or do the job yourself.

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Understanding Franchisor Fees

There are amazing benefits when contemplating an investment of a franchise business, but those benefits do not come without their costs. From up-front initial fees to payments that are tied to specific timetables or events, most franchisors have several different fees that they request to support the resources used by the corporate company on behalf of the franchisee.

It’s paramount to remember that this is by no means an exhaustive list of any charges the franchisor may levy on the franchisee. Any franchise agreement must be stringently reviewed to highlight any fees that will be charged, as well as what the franchisee will receive in conformance with said fees.

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How Can We Help You?

MBB has the tools and experience to set your business up for success.

Contact us to set up an introductory meeting.