Introduction As the dawn of a new year unfolds, small business owners find themselves at a pivotal juncture — a moment to reflect on past achievements, learn from challenges, and strategically chart the course for success in the coming months. In this dynamic business...
The term "mom-and-pop shop" might conjure up images of cozy storefronts and familiar faces, but the impact of these small businesses goes beyond nostalgia. In the United States, they make up a staggering 99.9% of all businesses, embodying the essence of passion,...
The holidays are rapidly approaching, and the holiday season is big business for retailers! Americans spent over $936 billion during the 2022 holiday season according to the National Retail Federation (NRF) which is impressive considering that it occurred amid...
The Holiday shopping season is here, and retailers will soon be navigating the annual Black Friday and Cyber Monday events. Stores will welcome thousands of visitors, most of which will be there to legitimately shop. However, there will most likely be a few bad actors...
In the highly competitive restaurant industry, finding ways to increase revenue and profitability is a top priority for restaurant owners and managers. One effective approach is to focus on increasing the average check size, which refers to the amount of money spent...
The Holiday shopping season is in full swing now that Black Friday and Cyber Monday have passed. Stores will welcome thousands of visitors, most of which will be there to legitimately shop. However, there will most likely be a few shady characters and potential...
The holidays are rapidly approaching, and the holiday season is big business for retailers! Americans spent over $886 billion during the 2021 holiday season according to the National Retail Federation (NRF) which is impressive considering that it occurred during a...
As the summer season comes to a close and families start their back-to-school (BTS) shopping, retail’s second busiest season of the year comes at a time when there are extraordinary pressures within the economy that we have not seen in quite some time. Surging...
Nobody ever said the restaurant industry is easy. Beaten up by COVID closures, record-high inflation, and persistent staffing shortages, some operators are just an invoice or two away from hanging up the “Sorry, We’re Closed” sign for good. Even in the best of times,...
Menu Item Analysis and Categorization is the study of the profitability and popularity of menu items and the impact each has on operations. It requires a thorough understanding of food costs, sales, and the subsequent categorization of items. From there, various...