Alternative Funding PSA
This is a PSA for those food entrepreneurs trying to finance their ventures, whether you’re established, starting up, or still dreaming: there’s funding out there, waiting for you to find it.
QuickBooks Best Practices for Restaurants and Farms
Anyone who works in the food industry knows the expression: “Garbage in, garbage out.” For those that are unfamiliar, it means: The quality of your end product will only be as the ingredients you put…
Allocating Expenses
Business owners need to know a few basic terms for evaluating the health of their business: Revenue (how much money you earn), Cost of Sales (cost of the product you are selling) and Net Income…
Inventory Management
Every month chefs hunker down in the walk-in refrigerator and dry-storage room to count what’s on hand. It’s not a particularly pleasant task and, unfortunately, it’s often put off until the end of…
How Do You Measure Success?
I started working with a new client last week who wants to re-energize his business. In our initial meeting, I asked him his goals for the strategic audit. He replied, “I want to make a profit.” I…
Case Study: Managing Food Costs
Samantha’s (the name has been masked, as the company was recently sold to a new owner) was a local food service company with retail cafes in the financial district of Boston. They catered to the…