If you’re looking for bar promotion ideas to bring in more customers and boost sales, you need to figure out where the big spenders are. You’re in luck: we have the ideas and the data! The food and drinks sector reached over $700 billion in sales by end 2016 and is still growing. The key demographic…
The best small business books turn out to be some of the best business books to read. The same principles that govern running a mom-and-pop store also apply whether you’re heading a future unicorn startup or a multinational corporation. Sure, you can read Shoe Dog, about the founding of Nike, or High Output Management, written…
Owning a restaurant is lovely, but restaurant management can get overwhelming. According to Perry Group, 70% of restaurants that make it past their first year close down within three to five years. In total, 90% of independent restaurants restaurants close during the first year, with five years the average live-span. On the bright side, 90%…
Avoid the banana peel of common loyalty program pitfalls Harvard Business Review says that businesses find it 5 to 25 times harder to get a new customer than to keep an existing one. Another research from consulting giants, Bain & Company supports the HBR findings. It argues that retaining just 5% of your customer base can increase profits by…