Hospitality & Restaurant Consulting Blog - MBB Management

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6 Proven Hospitality Business Models Guaranteed to Succeed

Hospitality Businesses

When you own a hospitality business, you must find the best business model to generate the most profit. Choosing the wrong business model to run your company could dissuade people from returning to your business.

It would be best to choose a business practice that’s popular in the hospitality community so that you have the assurance you need to continue. Choosing a controversial business plan would be bad when you start a hospitality business.

Please continue reading about six proven hospitality business models guaranteed to succeed.

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7 Secrets to Restaurant Promotion That Will Result in Noticeable Profit Upswings

Restaurant Promotions

Restaurant promotions are important to running the business because they can draw new customers. Many people won’t feel inclined to try your restaurant unless you occasionally host promotions. Then, after they try your food and like it, they’ll return.

You can host plenty of restaurant promotions that will increase your business demands. The more business you receive, the more money your business will make.

Please continue reading to learn everything you need about the best secrets to restaurant promotion that will result in noticeable profit upswings.

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The Easily Reaped Benefits Behind Franchising Your Business

franchising your business

Franchising your business can provide several benefits to business owners that they’ll enjoy throughout their ownership. Also, your company’s name can last for years when you franchise your business.

Before reaping the benefits of becoming a franchise owner, there are several pros and cons to consider. So, if you’re on the fence about it, this guide can help you decide whether or not you’re ready to expand.

Please continue reading to learn everything you need about franchising your business and the benefits that go along with that.

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7 Tips in Menu Pricing Strategy That Will Transform Your Sales

menu pricing strategy

When you price items on your menu, you want to set the price reasonably. You need to find the sweet spot that allows people to purchase food from you without giving them so much of a deal that you take a loss. Finding the best menu pricing strategy may seem difficult at first, but there are many factors to consider.

If you’re wondering how to “market my restaurant”, you need to look at the way you price items on your menu. One of the best marketing strategies you can use is adjusting the price point of certain food items.

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What Are the Most Typical Ways Customers Find Restaurants?

restaurant marketing

The way that people find restaurants has changed a lot over time. Social media has become a huge tool for finding restaurants, something that didn’t exist about 20 years ago.

The ways that people find restaurants continue to change as time passes and it is important for business owners to keep up with the changes. By keeping up with the changes, they can better market and continue to get business.

1. Through Google

We all have looked up restaurants nearby on Google or another search engine to figure out where we want to eat.

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A Step-by-Step Manual to Investing and Earning Money Through a Franchise

franchise investment

Franchising has become a great way to make money while running a business. By taking the right steps, you can make a living from owning a franchise. However, to do so, you need to know the correct steps to investing and earning money through making a franchising investment.

What is Franchising?

Before you get into franchising a business, you must know what franchising is. If you are franchising a business that you own, the act of franchising means that you grant other business owners licenses to open other branches of your business in different locations.

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What are the Differences and Similarities Between Restaurant Consulting and Hotel Consulting?

Hotel Consulting

Restaurant consulting and hotel consulting are both important when it comes to working in the hospitality industry. However, restaurants and hotels have different requirements that you need to meet if you want to run a successful business. These consulting services come from experts in the hospitality industry and can help your business see huge profits.

Please continue reading to learn about the differences and similarities between restaurant and hotel consulting to determine if these services would benefit you. Hospitality consulting is a huge industry full of experts who can help satisfy your customers.

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What Does a Restaurant Consultant Do?

Restaurant Consultant

When you hire a restaurant consultant, you can expect your business to thrive better than ever. A restaurant consultant will help you figure out what aspects of your business need improvement so that you can run a restaurant that people love. Restaurant consultants can help you improve your hospitality, set fair prices, and keep up with industry standards.

Please continue reading to learn more about the role, and restaurant consultant can play for your business and determine if you need consulting services. Throughout this guide, we will discuss profitability, restaurant improvement, and getting it outside perspective.

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How to Determine Profitable Locations When Managing a Food Truck

food truck

Making money as a food truck is all about the location. When you choose a busy location with plenty of people walking by, many people will buy from you. If your location of choice doesn’t have people walking by or the only people walking by are not in your audience, you won’t make that much money.

Knowing how to find locations that will be profitable is a skill that all food truck owners should have.

Follow Your Target Audience

Running a food truck is much like running a restaurant.

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What Does a Hotel Consultant Do?

hotel consultant

Do you want to work in hospitality but don’t want to be the face of a hotel or resort? If that’s the case, you can be a hotel consultant!

Hotel consultants do a lot for the hotels that they work with. They are completely necessary for getting hotels the success that they have and are the complete backbone of the company. If you don’t know much about what a hotel consultant does for a hotel, let’s take a look at the responsibilities that they have.

What Is a Hotel Consultant?

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