Jamie Odegaard’s Post

Why do you need a website? It shows you're serious about your business. You're willing to go further than your competitors. A website may not seem like much. But it’s that small step towards being better. Think about it: scrolling through options, which would you choose? The restaurant with a full menu online? Or the one with nothing? It’s not just about the website. It’s about showing you care enough to go the extra mile. No, it’s not make or break. But what if it is? That small step might be the difference. Now, ask yourself: which one do you want to be? The one that takes the step, or the one that stands still?

Running a restaurant is tough. Picture this: You're in the thick of it, running your restaurant like a well-oiled machine, but behind the scenes, chaos reigns supreme. You're juggling expenses, trying to make ends meet, and frankly, you're exhausted. Guess what? You're not alone. One of our clients, let's call him Mike, was in the exact same boat. His restaurant was a hit with the locals, but financially, it was a mess. He was losing sleep over the numbers, and his profits were slipping away faster than he could keep track. That's where we came in. We sat down with Mike, dug deep into his financial situation, and crafted a tailored plan to turn things around. Fast forward a few months, and Mike's restaurant is thriving like never before. Expenses are under control, profits are up, and he's finally getting some well-deserved rest. So, why am I telling you this? Because if we can do it for Mike, we can do it for you too. Whether you run an upscale casual joint, a cozy cafe, or a bustling bakery, we've got the expertise and the passion to help you succeed. Don't let financial chaos hold your business back. Take the first step towards a brighter future. Click here to book a call with us today, and let's write your success story together! Book a call in this link: https://lnkd.in/g7Yfs_3v

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How Smart Cafe and Restaurant Owners Are Making Money? You’ve always loved food—not just eating it. Now, you’re thinking about starting a cafe or restaurant. You’ve done the math and even taken the first steps. But before diving in—let's ask: are you in it for love or money? It may seem obvious. You want to make a living and earn a decent profit. But do you want a cash cow, or do you hope to sell for a profit later? What’s a Cash Cow? A cash cow is a business that makes money after covering initial costs. Think of it like a dairy cow: once it’s paid off, it can keep giving you milk for profit. Many restaurant owners build cash cows for steady income. But What About Capital Gain? The other option is creating a business you can sell later for profit. This route is harder but can be rewarding. To increase your restaurant’s value, consider these factors:   ➔ Brand identity   ➔ Growth in sales   ➔ Real profits   ➔ Good record-keeping   ➔ Documented processes   ➔ Transferability  Finally, stay clear of the cash economy. Keep everything above board. This means you should carefully track and record all your financial transactions, like sales and expenses. Keeping accurate records helps you understand how your business is performing. It also provides clear proof of your earnings when it’s time to sell. Buyers will want to see that your profits are legitimate and that you can maintain your business's success. If you’re thinking of opening a restaurant or cafe, let’s chat! We can discuss your plans for success. Bon appetit!

Creating Your Restaurant Business Plan: Your Guiding Blueprint for Success A Business Plan it's a vital tool for securing investors by proving that you've anticipated all possible scenarios and expenses https://lnkd.in/gtSmh_eW

First Time Owning a #Restaurant? 🔷 The first year will cost the most In the first few months, you’ll learn pretty quickly that running a restaurant is not for the faint of heart. Sure, you budgeted for lease payments, appliances, point of sale system, staff, utensils and paper goods, cleaning products and even some killer marketing materials. But what happens when things break? Or you go through twice as many to-go containers than you anticipated? Or the cost of beef and cheese skyrockets (wait…they have!)? 🔹 What to do: Have 4 months’ worth of operational costs available. That number might seem like a LOT but you’ll thank yourself later when you don’t have to worry that replacing those fryers, ventilation hoods and coolers will bankrupt your business. 🔷 Profits come later Here’s another hard truth: most restaurants don’t become profitable until their second or third year of business. Think of it this way, the first year is spending money figuring things out and fixing things. The second year is spending money to set up sustainable systems and getting into a groove. Year 3 is the year that you hit your stride, everything is running smoothly and you’re making the big bucks.  🔹 What to do: Your first year is the time to get really good at managing your restaurant’s finances, knowing your contribution margin and keeping your bookkeeping up to date. Monitor your revenue and expenses daily, so you can spot red flags early and make adjustments. 🔷 Set the foundation If you plan on being around for a while, focus on building a strong, resilient business – not one that’s held together with duct tape and sheer will.  🔹 What to do: Avoid quick-fixes and “hacks” and instead focus on setting a solid foundation from Day 1. Buy the best you can afford and focus both on #Technology and #Systems that can grow with you. Cheers to your new Restaurant! Rocco Catucci Trulli Payments partnered with Integrity Payments We make business easier

Attention Restaurant Owners! 🍽️ Are you looking to expand your restaurant, update your equipment, or navigate through challenging times? We understand the unique financial needs of the restaurant industry and are here to help you achieve your business goals. Here’s how we can support you: Flexible Financing Solutions: Whether you need a small loan for new kitchen equipment or substantial capital for a new location, we offer customized funding options to suit your needs. Quick and Easy Application: Our streamlined process ensures you get the funds you need without the hassle, so you can focus on what you do best – running your restaurant. Expert Financial Guidance: With years of experience in the lending industry, our team provides personalized advice to help you make the best financial decisions for your business. Why Partner with Us? Competitive Rates: We offer some of the best rates in the industry to help you save money and invest more in your business. Tailored Solutions: Every restaurant is unique, and we work with you to create a financing plan that fits your specific requirements. Dedicated Support: Our team is committed to your success, offering continuous support throughout the loan process and beyond. Don't let financial constraints hold you back from achieving your dreams. Get the capital you need to take your restaurant to the next level! 📞 Contact us today to learn more about our funding options and how we can help your restaurant thrive! 408-516-6581 warner@principledlending.com

🌊 If you had a water leak in your restaurant or shop, you would do what you needed to plug is fast, right? 💡 Did you know your hospitality or retail business might be leaking thousands of euros in payment processing fees from your yearly profits. And the worst part? Most business owners don't even realize it's happening. 💰 We're good at plugging leaks in Simplí.ie 🗣️☎️ - Call us on 01 566 68 44 📧🖥️ - Or email us using this one hello@simplipay.ie

How to start a good restaurant business? Owning a restaurant is a dream for many aspiring entrepreneurs, drawn to the allure of creating a space where culinary creativity meets hospitality. However, the path to opening a successful eatery can be daunting without proper guidance. In this section, we will explore why starting a restaurant is such an appealing venture and provide essential insights on how to kick-start your journey. From crafting a comprehensive restaurant business plan to navigating the intricacies of setting up a food business, this guide aims to equip you with the knowledge and tools needed to turn your culinary vision into a thriving reality. (Read Our Blog for more): https://lnkd.in/dPFFBYa9 Click to explore our high-quality kitchen equipment: https://alahliakitchen.ae #restaurantowners #restaurantbusiness #restaurantmanagement #restaurantmanager #restaurantsuccess #kitchenequipment