Hospitality Management Blog

5 Franchises that are Seeing Success During the Pandemic

franchises

Since the pandemic started many people are preferring to stay home instead of going out and spending money. It would seem that this would cause many businesses to fail, however, that has not been the case.

If you are worried about your franchise or are thinking of buying one during the pandemic, you want to be sure that you know which ones are successful right now. Remember that franchises have tried and true business models to follow, which also helps them survive in tough situations.

These are the 5 types of franchises that are seeing success during the coronavirus pandemic.

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5 Survival Tactics for Running a Restaurant During COVID-19

running a restaurant

COVID-19 has changed the way that many businesses need to be run. Many people are working from home to protect themselves and their families, plus, stores that are still open are enforcing stricter cleaning guidelines.

Restaurants have been able to stay open under certain conditions. If you are running a restaurant, you have had to implement many of these changes. But, how do you ensure your business’s survival with most people staying at home?

These are the 5 survival tactics for running a restaurant during COVID-19.

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How to Find Franchise Investors During a Recession

franchise investors

Right now it might seem like not the best time to invest or start something new. However, right now is the best time to open a new business! With a recession, it seems like it would not be a good choice, but it is the opposite.

Looking to learn how to find a franchise investor during a recession? This guide has got you covered.

Need Business Management Help?

MBB Management is there for you if you need help with redesigning your business for the better.

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Here Are Some Tips that Are Helping Hospitality Businesses Survive a Crisis

hospitality businesses

Sadly, many hospitality businesses are struggling right now. With the spread of the pandemic, many people are choosing to stay home. Are you worried about how your business is going to survive? Here are some vital tips to make sure that your business survives the crisis.

Understanding How the Market is Changing

The best way to ensure your business’s survival is you need to work to understand how the market is changing. With decreased travel, you should be doing everything you can to keep in contact with customers and keep them engaged- you do not want them to forget that you exist.

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What the Coronavirus Pandemic Means for Restaurant Food Costs?

restaurant food costs

You may be curious about what the pandemic means for restaurant food costs. You may also have noticed that your restaurant or grocery bill is a little higher than usual. With the coronavirus pandemic spreading, it seems like the price of everything steadily rising.

Keeping calm in tough times is an important part of running a business. If meat prices are taking a toll on your wallet, there are steps you can take to reduce the impact of expensive food. One of the first things you do is to talk to a business consultant.

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Why Restaurant Online Ordering is Crucial for Business Right Now

restaurant online ordering

There always were advantages to restaurants offering online ordering. Many people prefer to order online and have their food ready for them by the time they pick it up. Others are shy and would rather order using an app than calling in, so having mobile ordering reaches a broader range of customers.

Convenience is a major part of the digital age- it is much easier to push a few buttons on your phone than go out to buy your food. Plus, with the pandemic, it is also safer to order online.

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8 Ways For Hotels to Survive the Coronavirus Pandemic

hotel survival

Many in hotel management are worried about the coronavirus pandemic shutting down their businesses. With large gatherings being canceled, tourists are no longer checking in. Guests are changing plans, or outright canceling them. How should you respond for your best chance at hotel survival?

Here are 8 ways for hotels to survive the coronavirus pandemic.

1. Have a Plan

Set up a standard procedure for operating in a recession- this will also apply to the pandemic. The plan should be based on the long-term.

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5 Ways to Stay in Business During a Quarantine

stay in business

You may have noticed a drop in your in-store sales lately. You are not alone, one-fourth of all small business owners say that they are selling 42% less than before. Keeping your customers’ attention can be hard when they are stuck at home.

Fortunately, there are steps you can take to stay in business during the quarantine. Here are 5 easy measures you can take today!

1. Stay Connected Online

One of the best steps to take to stay in business is to reach your audience online.

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5 Popular Food Costing Solutions to Consider for Your Restaurant

food costing solutions

Food costing is one of the most stressful aspects of managing your restaurant’s profitability because it’s based on so many variables. Doing the proper research into certain aspects of the market and managing your inventory consistently can help you find the right food costing solutions to your restaurant’s profit margins.

How do you do that? Here are 5 food costing solutions that are popular among restaurant managers as solutions to problems of profitability.

1. Keep track of the food market

There are statistics available that track food prices over time, which will tell you whether fruit or veal is predicted to increase or decrease in price in the coming months.

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5 Tips for Restaurant Inventory Revenue Maximization

inventory revenue maximization

Maintaining an effective inventory revenue margin requires both the right infrastructure in terms of personnel and technology and the right practices. Only a multi-modal approach to your restaurant’s inventory can maximize your profits and promote strategic revenue management.

Here’s a short guide on 5 tips for how to manage your inventory successfully in a restaurant setting.

1. A Proper POS system

A POS, or point of sale system, is essential to running a modern products-based business like a restaurant. They are useful both for single-site locations and for managing the inventory of multiple locations at once.

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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.