Hospitality Management Blog

You’re Probably Losing Money By Not Using These 7 Staff Management Techniques

staff management

It’s fairly common knowledge that the success of a business relies heavily on how well the employees perform. However, the employees can only perform well when the management uses the proper techniques to guide them.

Effective staff management techniques can make or break your staff, which can improve or ruin your business as a result. Thankfully, there are several ways that a business’ management and HR teams can improve on their management styles while also bolstering employee performance.

Staff Management Techniques You Should Implement

These techniques are meant to improve your business through your staff, no matter their position in your company.

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The Business Owner’s Guide to Business Operations

business operations

Whether you’re thinking of starting a business or you already are a business owner with an established company, you’ve probably heard the term business operations floating around. But you may not fully know what it means, and that’s alright. We’re going to discuss it with you here.

What Are Business Operations, and What do They Entail?

The original use of the term operations as it pertained to businesses came from companies that manufactured physical goods. The times have changed, though, and the definition has expanded and broadened.

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5 Things to Avoid With Menu Pricing Strategy

menu pricing strategy

Now that you’ve decided to open up your restaurant, you’ll have to determine pricing for all the delicious items you’ll sell to patrons. The right menu pricing strategy is essential for attracting customers and establishing a reliable client base. It may be helpful to have a restaurant consulting specialist and bar consultant on your side when you’re setting prices for your foods and beverages since your prices have a direct effect on your profits. Here are some helpful tips that will teach you what to avoid when establishing the best menu prices for your eatery.

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How Do I Fund a Franchise Investment?

fund a franchise

When it comes to figuring out how to fund a franchise, you should take the “the sooner the better” approach. You’re likely excited to open your business if you’re retiring soon or if you’ve always wanted to work for yourself. Once you know you want to open a franchise, it’s time to start thinking about franchise investment. Some funding options won’t affect your business immediately, but you don’t want to miss out on the chance to benefit from a long-term franchise investment. Planning for your business’ financial future can be the first step to ensuring your company is a thriving community staple for years to come.

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The Need to Know Guide on Restaurant Expansion for Restaurants

Is your restaurant doing well and you feel like you are ready to expand your business, but not sure how? They are a lot of ways that you can do it and here at MBB Management we can help you develop a surefire plan for success.

Check out this Need to Know Guide on Restaurant Expansion for Restaurants.

Make It a Part of Your Business Plan

First things first, any plans for expansion should be thought through and put into your business plan even before you open your restaurant.

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Little Known Tax Benefits of Franchising Your Business

We can all use a little help, especially when it comes to pay taxes on our business, right? Did you know that there are some small business tax dedications that you can take advantage of?

While you can’t deduct personal expenses like living and family-related expenses, for things that you use for both personal and business use, you might be able to. Here are some little known tax benefits of franchising to keep in mind.

You Can Deduct Franchise Fees

If you are a franchisee, you can deduct the fees such as the initial franchise fee and any annual residuals you pay to license your franchise unit.

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Is Restaurant Franchising On the Rise In 2019?

Have you been considering getting into the restaurant franchise business, but not sure if this is the right time to do it? Is restaurant franchising on the rise in 2019? Are you primed for success?

According to the International Franchise Association’s latest report which was in 2018, the overall franchise industry is expected to continue to do well all throughout 2019. They projected that the number of franchise establishment would increase by 2.6 percent this year. And all signs so far point to a successful year not only for all franchises, but restaurant franchises in particular.

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4 Important Things to Know Before Franchising My Business

Your business is doing great so it seems like the perfect time to expand right? of course, there are different ways to do it, from opening up a second location yourself to franchising your business. With franchising your business, there is less hands on work for you to do then if you run everything yourself, but as with anything, there are always risks.

Here are 4 important things to know before franchising my business.

1. Perfect If You Don’t Want to Invest Too Much

On your own, opening a second location can cost a lot of money, but by becoming a franchisor, you will have franchisees who will pay you to establish their own franchise units.

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10 Franchising Mistakes to Avoid When Starting a New Franchise

Joining the franchise industry can be an exciting and lucrative time in your life, but as with everything, there is a learning curve as you adjust to your new role as a franchise owner. To help you avoid some of the worst of the pitfalls, we have gathered a list of 10 franchising mistakes to avoid when starting a new franchise.

1. Not Getting Enough Financing

Unless you are independently wealthy, you are going to need to secure financing to fund your new franchise. It is important that you not only get the right type of financing, but also the right amount of money to not only cover all the startup costs, but also the cost of running the business for at least the first year.

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12 Smart Tips for New Franchisees

According to the International Franchise Association, the GDP (Growth Domestic Product) for the franchising sector grew by a little more than six percent to $451 billion in 2018. It is a great time to be in the business, but if you are a new franchisee, this world can seem a little bit daunting, with all the rules and regulations and the many facets to the business. Don’t worry though. We are here to help. Here are 12 smart tips for new franchisees.

1. Get Involved in Leadership Opportunities

Get involved in as many leadership opportunities with your franchisor as possible as a new franchisee.

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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.