Few industries are as dynamic or as challenging as professional services. Analysts indicate that the professional services industry growth rate will be as high as 10 percent annually for many segments. Yet price declines due to automation and competition from in-house services will put great pressure on the revenues and profits of professional services. The…
The images that enter the heads of those imagining what it is to operate a food truck can border on extreme fantasy, but can yet still be somewhat accurate. Images of sweaty days, sloppy sandwiches, and a cluttered office space that occupies exactly one car seat are largely extreme takes that do not present an…
For many businesses, expansion is part of the plan from day one. For restaurant owners, however, thoughts of opening one or more new locations or adding new services such as catering or hosting special events may not arise until the business has begun to establish itself. Then the challenge becomes how to maintain the…
Doing business with a solid foundation of technology is no longer an optional path. The need to conduct business with an innovative, high-tech core in place is being driven by increased consumer expectations. As the level of technology improves in the lives of the consumer, they, in turn, expect the businesses they frequent to be…
Restaurants have always been more than simply places to grab a bite to eat. Now more than ever, restaurant dining is a social experience that brings family, friends, coworkers, and new acquaintances together to share the joy of a delicious meal. Too often, however, the light and happy mood at the table fizzles when the…
Thanks to the one and only Beatles, a couple of famous football clubs and a huge variety of renowned individuals who have shaped, and excelled in, their respective fields, the city of Liverpool carries with it an international recognition that exceeds its comparatively modest population size. With just shy of 500,000 people living in the…
There are basically two ways you can improve your retail profit margin – spend less or earn more per sale. Both outcomes are the result of being smarter in the way you run your store and engage with your customers. Retail store point of sale systems can help. Experience will tell you there’s little luck…
We all know running a restaurant is hard. The average net profit margin is just 6.2%. But that’s for the lucky few who make it; sixty percent of new restaurants don’t make it past year one, and 80% of those who do won’t last more than five years. So what’s the problem? Labor costs are…