While several sectors are undergoing significant change, many may argue none more so than the retail and hospitality industry. So what are some of the biggest challenges affecting retail and hospitality businesses, and how can they be overcome? Brexit uncertainty Lack of direction regarding Brexit is making it difficult for many retail and hospitality businesses […]
Your staff are the lifeblood of your retail and hospitality business. Without them, you can’t serve your customers and keep them happy. That is why it is important to always maintain a trained group of staff at all your locations. The better the group of employees you have, the better performance you can expect from […]
You no longer need a crystal ball to create far-reaching business plans; as technology has made business control, predictive analysis, and trend mapping into a science. How is this possible, and how can smaller companies harness all this potential when they are in competition with larger organisations, with deeper pockets? Consumers are more sophisticated and […]
As organisations face increasing financial pressure many are reviewing their internal capabilities, as they search for new ways to remain competitive. Outsourcing of accounting continues to move into the mainstream, as an increasing number of firms are starting to consider outsourcing. Many businesses are finding that outsourcing accounting allows the management team to focus their […]
For business owners in the food industry, having the opportunity to expand and spread your wings can be an exciting, busy and sometimes stressful time – with so much to consider when it comes to running multiple locations and keeping all those plates spinning. Xero Tracking Categories gives you the ability to report by location to compare & analyse performance.
Building a paperless office can be a challenge for any retail or hospitality business. There are a variety of paper saving measures that can be put in place, though, to create an office that’s light on paperwork without being detrimental to essential control mechanisms.
Growing retail and hospitality businesses requires funding, which can often be extremely difficult to source from traditional lenders, like banks and venture capital providers.
Angel investment is a lot different, as angel funding is acquired direct from an angel investor who will invest their own funds.
When you raise money with crowdfunding, what exactly are you getting? What are you selling? And, frankly, is it worth the effort?
Successful management of inventory is a critical aspect of business for many companies, particularly restaurants and retailers. Find out why optimising this area of your business is critical….