Opening a bar, restaurant, or any food service business can be a risky concept. Not only are there stiff competition and low profit margins in almost every community, but the challenges of building up a solid reputation are also unique to the industry. Of course, some owners have found the sweet spots in areas across the nation by giving customers what they want for a fair price. Amid ongoing challenges in the market, however, even the most successful entrepreneurs can benefit from decisions meant to spark growth. Keep reading for a few simple tips.
Maximize the Location
At its inception, a restaurant is an open book. Choosing where to open up shop is a major factor, but even an established eatery can get the most out of whatever neighborhood it is in. College towns might have a different type of clientele than a retirement community, for instance, so it is …
Investors are fleeing shares and running to protected-havens like bonds and gold, driven by concerns about economic progress and the effectiveness of central banks’ insurance policies.