))
151 Is Your Restaurant Prepared for Economic Downturns? Insights and Strategies to Protect Your Business Now
Manage episode 364484502 series 2889377
Kandungan disediakan oleh Restauranttopia, Brian Seitz, David Ross, and Anthony Hamilton. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Restauranttopia, Brian Seitz, David Ross, and Anthony Hamilton atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
https://restauranttopia.com/episode-151-is-your-restaurant-prepared-for-economic-downturns-insights-and-strategies-to-protect-your-business-now/
Episode 151 Is Your Restaurant Prepared for Economic Downturns? Insights and Strategies to Protect Your Business Now
- Build a financial buffer: Put money aside to cover unexpected expenses or revenue shortfalls. Aim to have a cash reserve of at least three to six months' worth of expenses.
- Diversify revenue streams: Expand beyond your core business model and explore new ways to generate revenue. For example, consider offering catering services or launching a food truck to reach new customers.
- Establish relationships with multiple banks: To mitigate the risk of disruptions to access to credit and other financial services, establish relationships with multiple banks.
- Stay connected with customers: Maintain a strong online presence and actively engage with customers through social media and other channels.
165 episod
Kongsi
