Restaurants are an enormous part of the US economy. There are more than half a million restaurants in the US, accounting for 4% of the US GDP, and 10% of the US workforce. Starting a restaurant takes six months to a year, and costs between $250,000 to $2 million, depending on the type of restaurant…
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Shopify vs Square: Price, POS & Online Store Compared
Square and Shopify both offer user-friendly point-of-sale (POS) software, online store and ecommerce functionality, and integrated payment processing with industry-leading omnichannel and contactless payment tools. The biggest difference between Shopify and Square is that Square’s POS and online store products are free to use, whereas Shopify requires a monthly subscription. We’ll evaluate Square and Shopify’s…
9 Best Merchant Services for Small Businesses in 2020
Merchant services allow businesses to accept credit and debit card transactions in-person or online. Many merchant service providers also offer payment processing tools such as payment gateways, point-of-sale (POS) systems, and card-reading hardware. We evaluated dozens of popular providers to identify the best merchant services for small businesses. Best Merchant Services for Small Businesses Which…
7 Keys to Negotiating a Restaurant Lease
Leasing a commercial property for your restaurant allows you to get your business off the ground without buying a building. Restaurant leases typically run from five to 10 years and may include a series of industry-specific clauses. Onerous restaurant leases are a common cause of restaurant closures, so it is important to get the most…
How to Choose a Restaurant POS in 5 Steps
A point-of-sale (POS) system for a restaurant communicates orders to your kitchen and processes cash and credit card payments from your customers. It also logs these transactions to create reports that help you analyze your operation for potential opportunities to lower costs and increase revenue. A robust restaurant POS can also be a time clock,…
How to Organize Inventory for Small Businesses
Inventory management is the process of having the right products, in ideal quantities, at the right time to sell to customers. Accurately managing inventory can increase revenue by preventing stockouts, overstock, and unsold products. When learning how to organize inventory for small businesses, the easiest solution is to use a software program to automate the…
6 Best Restaurant Reservation Systems
Restaurant reservation systems are a central communication hub between restaurants and customers. Especially in the era of COVID-19, these tools have become even more robust, to include options for online ordering, prepayment, capacity management alerts, and two way texting. Average fees range from $150 to $500 per month, with some systems basing total fees on…
10 Best Restaurant Uniform Ideas
You don’t have to have a uniform for your restaurant staff, but uniforms offer some advantages. First, they enable you to ensure your employees are wearing clothing appropriate for work. Second, they help promote your restaurant’s atmosphere and brand. Finally, most diners and employees actually prefer them. Uniform vs Dress Code A dress code gives…
How to Sell on Instagram in 5 Steps
Learning how to sell on Instagram is easier than ever with shoppable Instagram posts. The steps to selling on Instagram include using a business profile and having great photos since Instagram is a very visual platform. The real work is in marketing your products once you’ve got your account set up. Here’s how to sell…
20 Tips for Selling on Etsy
Etsy is an online marketplace for creative entrepreneurs who want to reach a global audience. But with millions of active sellers on the platform, standing out from competition can be a challenge. In this article, we share with you 20 tips for selling on Etsy, the value behind each, and how to get started. Etsy’s…
5 Best Retail POS Systems 2020
A point-of-sale (POS) system serves as the central hub for retail businesses by processing all customer transactions, managing products, and customer relationships, and tracking sales. The best retail POS systems in 2020 are: : Best free retail POS : Best retail analytics and inventory management : Best budget iPad retail POS : Best omnichannel POS…
5 Best Business Security Systems 2020
A business security system can include video surveillance, motion detection, emergency dispatching, and keyless entry with access control. The best security systems offer transparent pricing and simple contract terms. The best small business security systems are: : Best overall security system for small businesses : Best professionally-installed system : Best budget video surveillance : Best…