A business owner from an African country reached out to me some months ago with this question. He runs a successful business with profit margins of about 20%, but his growth is lagging and his competitors are starting to gain ground. He told me that he wants to double his profit in 6 months.
For restaurant owners, keeping costs low is a key strategy to improve profitability. Last week, we talked about 16 strategies that any restaurant owner – big or small – can use to save money and increase profits. Today, I am sharing 10 advanced strategies. These advanced strategies can be used by bigger restaurant owners. They
How to save money running a restaurant? When you run a restaurant, it can be hard to make good money. There are so many things to take into account: Waste of products because you bought too much and customers did not come. Loss of products or utensils through carelessness. Higher costs and lower profits because
Small business strategies to increase profits There are 3 key small business strategies to increase profits: increase sales increase your price cut costs Increasing sales is a great strategy, but it can take some time to get new customers. You can also increase sales if you convince your current customers to start buying more products.
