Restaurant loans are offered by both traditional and online lenders, and are often used for working capital expenses like payroll, utilities, and inventory. Restaurant financing can also be used for large projects like new locations, equipment, and renovations. Average rates range from 6% to 50%, with repayment terms of three months to 10 years. OnDeck,…
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8 Best POS Systems for Small Business 2019
A point-of-sale (POS) system lets small business owners accept payments and helps manage a business with various features. The best POS software let you track inventory and sales, manage employees, grow customer relationships, and analyze data. You can find POS systems that range in price from free to $100 or so per month. Top 8…
7 Best Credit Card Readers for iPhone
Using a credit card reader for iPhone and iPad lets businesses accept credit cards anywhere. Card readers connect to an iPhone via Bluetooth or wired plug and then process card payments via a mobile point-of-sale (mPOS) app. We compare top card readers for iPhones and iPads based on processing features, processing options, and costs. Top…
Alibaba vs AliExpress: Who’s Best for Importing & Dropshipping?
Alibaba and AliExpress are online marketplaces. The main difference between Alibaba vs AliExpress is: Alibaba is exclusively intended for B2B transactions, whereas AliExpress is open to consumers. Alibaba helps businesses purchase large quantities of products directly from manufacturers at wholesale prices. AliExpress offers products at competitive retail prices with no minimum order requirements. When to…
How to Get a Liquor License + Costs
Liquor license costs range anywhere from $300 to $14,000 and can take up to six months to process. Specific costs and timetables for approval depend on your state, county, local, and federal licensing requirements. In New York, for example, license and filing fees total $4,552 while California fees total $13,900. If you plan to sell…
How to Open a Juice Bar in 11 Steps
To open a juice bar or storefront that serves fresh-squeezed juices and smoothies, you’ll need a prime location, savvy business plan, and juicing equipment. Starting costs range between $20,000 – $400,000, and average annual revenue is $100,000 – $600,000. Successful juice bars require hard work, creativity, and a passion for fresh foods. When running a…
How to Start a Consignment Shop in 9 Steps
To start a consignment shop, you’ll need a prime storefront and a strategy for acquiring customers and merchandise. Starting a consignment store can cost more than $10,000, with average salaries for consignment shop owners ranging from $40,000 to $60,000. Successful consignment entrepreneurs are creative, crafty, and typically choose a niche for their store. When starting…
Lightspeed Restaurant: The Ultimate Guide
Lightspeed Restaurant is a cloud-based point-of-sale (POS) software and payment processing system for food service businesses. Lightspeed Restaurant has front-of-house management features that make it a great fit for full-service restaurants, and tools to manage multiple locations that are ideal for chain restaurants. It starts at $69 per month, which is average for a POS…
6 Best Restaurant Inventory Management Software 2019
Restaurant inventory management software systems are computer programs for foodservice businesses with full commercial kitchens. These systems help manage ingredient stock levels, purchase orders, recipes, and menu costs. The best restaurant inventory management software systems sync with or are built into POS systems and can cost between $50 and $100 per register, per month. Top…
How to Start a Food Truck Business in 8 Steps
To start a food truck business, you need a competitive and appealing concept, a viable business and financial plan, a fully equipped food truck, and a solid marketing strategy to build your customer base. A successful food truck can bring in over $500,000 per year, with startup costs starting at $40,000. Some food trucks still…
What is a POS System: Cost, Features & Providers
Point-of-sale (POS) systems handle the entire checkout process, from bar code scanning to payment processing. They also include backend management features, such as inventory and analytics. Restaurants and retailers can manage all aspects of their business through their POS system. What a POS system costs could be as low as $0 to $300 per month….
How to Accept Payments Online for Free
Businesses can accept credit card payments online for free, but there is no escaping transaction fees. That’s because banks and credit card companies charge a fee whenever a card is used as payment. However, there are plenty of ways to accept payments online with affordable credit card processing fees around 3% to 4%. Square is…
