It is common knowledge that restaurant management consists of many different moving parts, but not everyone thinks about what role beverage management plays in this industry. With recent trends showing a major rise in beverage purchases, customers are looking for unique and interesting ways to consume a mid-morning or afternoon indulgence.

With this rise in beverage importance, customers are demanding a larger variety of choices with more distinct flavors and styles available. Although this is a way for your business to earn more money through drink sales, this can also raise your beverage costs by requiring you to have more options on hand than before.

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Managing a small restaurant can feel like a big job because of all the moving parts that you have to think about. Between maintaining customer satisfaction during high volume times, keeping labor numbers from going passed the maximum, and dealing with issues that come with food preparation and storage, there is a lot to handle.

As a member of restaurant management, you want to keep both your employees and your customers happy to ensure the best working environment possible. This requires interpersonal skills that don’t always come easy to people.

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It’s a new year, with new ideas and new perspectives.  Franchises in 2020 are popping up all over and they’re showing up in a wide variety to boot.  From food to fitness, to family, this is going to be a bustling year for businesses.  If you are interested in the freshest franchise trends for the new year, keep reading. 

Food

In the world of food, there are a number of trending categories that will be exciting to entrepreneurs.  Chaps Pit Beef has been making major waves in the world of BBQ, and with a ringing endorsement from Food Network star Guy Fieri, they’ll be riding those waves to success forthwith!  BBQ is huge, almost no matter where you go in America, which makes it a great money-making opportunity.

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With the onset of a new decade upon us, it’s more important than ever to have the best tools, the best product and the best help available, regardless of what business you’re in.  One of the most important aspects of having the best help possible is one that is often overlooked.  Counsel and guidance are often worth their weight in gold and can more often than not, offer wise choices for your business that you might not have thought of yourself. 

It’s for this reason that a business management consultant should be on everyone’s minds in 2020.  The world is changing, as it always has, and business needs to change with it, or risk stagnation.  In the coming year, you’re going to want some guidance to navigate that ever-changing world and the best guidance there is can often be found with a consultant. 

You might be wondering at current trends, and how consulting agencies are supposed to be on the downtick, and you’re right to consider that as a factor, but the truth is that consulting isn’t headed the way of the dodo, it’s about to change  – and drastically. 

Here are just a few reasons why you’ll want to think about business consulting in the New year.

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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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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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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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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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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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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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