This is a relevent topic that I rarely see addressed.
Having adequate cash flow is the bottom line for every restaurant business. Without enough cash on hand to pay suppliers, employees, rent and bills, a restaurant can’t keep its doors open, let alone attain profitability. Fortunately, there are a few strategies that you can employ to help smooth out the ups and downs of the sometimes uncertain income that can go hand in hand with being in the restaurant profession.
Restaurant Cash Flow Tip #1: Don’t Spend What You Don’t Have
Deep down, everyone knows that it’s risky business (and probably not a good idea) to spend more money than you have, yet many restaurant owners end up doing exactly that in a desperate effort to make ends meet and keep things running smoothly. No matter how tempting it might be to do so, pay your bills only on revenue that you actually have in the bank, NOT on the…
View original post 465 more words