Business Management

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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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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How to Buy a Business

how to buy a business

If you want to be an entrepreneur but struggle to create your own idea or would simply like some assistance in the form of a ready-made company, you can always buy a business. When you buy a business that already exists, you tend to invest more up front when it comes to money, but you also receive a ready-made business plan, as well as property and employees – depending on what you buy. If you choose to purchase a franchise, you will still need to hire your own workers and often find a place to establish the business.

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The Franchise Consulting Guide to Finding Franchise Opportunities

finding franchise opportunities

Finding a franchise opportunity can be important for the average small business owner in the restaurant and hospitality industries. Franchises allow you to be your own boss while making money through a trusted brand, earning you the automatic respect and credibility that comes with the franchise itself. Finding the right franchise opportunity, however can be difficult. To locate the best options for you, follow these simple steps.

Know Your Business and Industry

Diversifying one’s portfolio and services seems like a great idea, but many individuals interested in franchises soon find themselves over their heads because they jumped into an option that was too far out of their skill set.

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How to Evaluate a Franchise Investment

franchise investment

The best thing about any franchise investment is the convenience that it affords any up-and-coming business owner. For most franchise opportunities, the groundwork has already been laid, the business has been tested and improved through time, and operational requirements are easy to prepare.

However, with the sheer number of franchising opportunities abound, you need to evaluate a franchise if it’s worth your time, effort, and money. In short, choosing the best franchise requires careful assessment and evaluation in order to fit your business needs.

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How to Start a Small Restaurant

start-a-small-restaurant

There’s nothing small about putting up a small restaurant. You may be looking at a conservative startup with a limited budget, but the amount of planning and preparation needed to pull it off may overwhelm you.

If you’re eager to start a new food business at a small scale, let the following strategies lead you to succeed in your small restaurant venture.

Here are 8 Tips to consider on how to start a small restaurant business.

1. Decide on the kind of restaurant that you will run.

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4 Overlooked Business Mistakes That Could Ruin Your Franchise

Any business venture can be risky, and even though franchise programs have some built-in safety measures, some missteps still could sink your ship. Research and full preparation before opening and hard work always are essential ingredients for any successful business.

While most franchise programs offer you some classroom and onsite training, they don’t have the time to teach you everything you need to know about being a business owner. Things like managing your finances and filing your taxes you need to learn own your own. And no one is going to force you to give the attention to the day to day operations of your restaurants it needs.

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Business Owner’s Guide to Planning Growth in 2019

When you start a new business, those first few months you are focused on making sure all operations are running smoothly and attracting customers, but you need to be thinking about the future too.

You should always have a plan for growth. This is separate from your day-to-day responsibilities as a business owner. Think of it as your long term plans.

Here is a Business Owner’s Guide to Planning for Growth in 2019 to help.

Scalability of Your Business

Even before you solidify all your plans to open your business, you should already be asking if your business is scalable.

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Franchise Consulting Firm MBB Management Secures Deal to Open 7 Tony Luke’s Stores In NYC

Tony Luke's Franchising

MBB Management, the Philadelphia-based franchising consulting partner and operations manager for Tony Luke’s, has just inked a deal to open seven new Tony Luke’s franchise locations throughout New York City, Long Island and Yonkers.

Philly icon and international brand Tony Luke’s is best known for its award-winning South Philly Style cheesesteaks. Tony Luke’s has 22 stores open across the country, and has been featured in GQ Magazine, Gourmet Magazine, The New York Times, and is a member of Philadelphia Magazine’s Hall of Fame.

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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.