The Source

Managing your restaurant's finances probably isn’t why you got into the restaurant industry. Still, savvy financial management is critical if you’re hoping to grow and stabilize your small business.

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To say that the ownership structure of your business has significant implications would be an understatement. This is because ownership structures influence operations, tax treatment, and your personal liability for debts acquired by the business.

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Staying competitive often requires using high quality equipment, which can be expensive. Due to this, it can be challenging for small business owners to buy new versions. However, refraining from purchasing the latest equipment could...

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Many small business owners know that they’ll require additional working capital at some point. Often, one of the first places they’ll seek this funding is through the federal government.

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In the United States, the hair salon market is worth $47.1 billion. Clearly, the opportunity for financial success is there, but only if you have the funds to capitalize on it — which is what makes hair...

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Back before Venmo, PayPal, and Quickbooks, wire transfers and charge cards were the cutting edge of payments technology. Then in 1972, the Automated Clearing House (ACH) was established to process domestic payments.

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Now that we've defined collateral, let's discuss the collateral coverage ratio. At its core, the collateral coverage ratio is the percentage of a loan that's backed by a discounted asset. It allows lenders to figure...

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As a small business owner, you know that credit card payments are more popular today than ever before. Most customers prefer to pay with credit cards over cash and check. Not only are credit cards...

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As a business owner, you have many choices when it comes to almost every aspect of your company’s finances. This is particularly true when it comes to choosing whether to manage your daily spending with...

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