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How to Prevent Monetary Loss in a Restaurant Business

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One of the most common problems that restaurant owners face is employees stealing from them. Even if you claim that you know and trust your employees well enough. Workers can still get tempted to take some of the money in the cash register or steal some of your bulk olive oil supplies in the pantry. You can never predict this kind of scenario which is why it is crucial for you to always be on the lookout in your business. 

One of the reasons employees steal from a business is because they can get away with it. It means that the company lacks security and has an imperfect process. If any of your employees do this to your business, then you will most likely end up filing for bankruptcy in just a matter of time. So, here are some tips to prevent financial loss in your restaurant business.

You should have records of all your sales

Running a restaurant business can take up a lot of your time. However, this should not be an excuse for not knowing your daily sales figures. It is an excellent idea to invest in a POS system that can efficiently monitor all the food and drinks that are being served to customers. Also, be careful when it comes to cancellations of orders. Not all employees should have access to void sales. A manager or supervisor should only have access to change them in the POS system. 

Limit your freebies or giveaways

It is usual for restaurant owners to give freebies or items to lucky customers. However, if you do not put a limit on these giveaways, there could be a possibility that it can end up in the wrong hands. Employees can keep the freebies instead of giving them to deserving customers. There are even cases where they sell the freebies for a lower price so they can earn extra cash. 

Conduct an inventory before the end of each working day

One of the most challenging things to monitor is kitchen stock and ingredients. There are cases where several employees try to steal ready-made food products like milk, meat, spices and cheese right from the supplier’s delivery truck. Since the restaurant is a bustling place, it can be quite challenging to monitor everything in real-time. So, it is best to regularly conduct a quick inventory of all the ingredients that are used for the day. All employees should be held accountable for the losses in the restaurant. 

Install CCTV cameras, especially at the counter

One of the most vulnerable areas for fraud inside a restaurant is by the cash register. Any employee can get tempted and steal some cash without anybody seeing it. They can also take a customer’s credit card information and use it for personal gains. It is better to be safe than sorry. Protect your business, employees and customers by installing CCTV cameras. 

Lastly, take into consideration hiring a security guard to look after the entire restaurant. 

Image: https://pixabay.com/photos/breakfast-food-eating-meal-morning-690128/Read More

Why Dubai Is The Best Place To Setup Your Business [My Take]

Dubai is one of the best places when it comes to setting up a business because of its business-friendly policies. Dubai government offers tax-free business setup that encourages investors to invest in the city. One more thing that is also a deciding factor to come into dubai for investment is greater profit. As dubai, it has become one of the fastest markets not only in the middle east but also in the world. According to the UAE government, there are more than 180 country nationals lives here that make dubai a potential market to invest the capital. But as a newbie what you can do if you don’t know anything about business set up procedure here. Business setup services in dubai are your only option to choose. You need to hire a company that knows all about the business setting process and procedure. 

Dubai is a place where everything works under the law and you can’t set up anything without acquiring a license. In general, UAE offers 30+ free zones in all of its 7 emirates and dubai is a hot zone when it comes to business. In this article, I will discuss the reasons why business enterprises choose dubai to expand their business endeavors. All In All, Whether you are looking for company management services in dubai or offshore company formation services you are in the right place to get the answer. 

Advantages of Setting Up Business in Dubai

Dubai offers endless opportunities and benefits to all investors. When it comes to set up business here. Things like the flexible tax system, location, progressing economy are some of the advantages that any business needs in order to flourish. Here you can consult for the business setup from the leading Business consultants in Dubai.

Fair Tax System

If you ask any businessman, they will tell you that tax system is the most discouraging and annoying part of every business. Because business wants to make money and if they have to share the most chunk of their profit as tax, they likely don’t want to do business there. Dubai government ensures a flexible tax policy to all business holders that appreciated by all businessmen. Dubai offers 0% tax on companies and this is the reason companies love to do business here. Contact any business set up service provider in dubai for updated tax policies. 

Strong and Progressing Economy

Dubai is the fastest-growing economy in the whole middle east. This is due to friendly policies, a peaceful environment and investor’s trust in this emirate. According to experts, UAE demography consists of young, educated and skillful. These youngsters are the future architects of this region’s prosperity and stability. 

UAE Geo Location

Geostrategic location of dubai is perfect, all Asian, African and middle east markets are nearby. This is the main reason companies set up their headquarters in dubai to manage all these regions. 

Easy Business Setup

Company formation in dubai is super easy and you can up and run your business in … Read More

How To Make Your Event Successful In Dubai – Tips Straight From Pros

Successful events are the result of day and night hard work of individuals who give their all to make an event flawless. Their number one priority to please the audience in the best possible way. While organizing an event, you have to face some ups and downs and a good event planner is the one who faces all the challenges with intelligence. 

In dubai, due to big brands and corporations corporate events have become a norm. Even now small-sized companies are organized events to appreciate the employee’s work. The client always has big expectations from event management companies in dubai that they will make their event a huge success. In order to meet the expectation event companies have to work really hard. Its a hit and miss situation so you have to show your best game. 

Here are some killer tips that will help you to organize better events. If you apply these tips effectively then you can beat the competition and make a stable career as a event organizer. 

Set Clear Objectives

You should be clear from the first day about your decision and their impact on event. Setting clear cut objectives will help to measure the effectiveness of your decision after the event. You should be clear about which vendors and suppliers you are going to use. You should know the client’s requirements and how to turn client vision into reality. 

Teamwork Win Matches

Teamwork is very critical and you can’t win matches with a weak team. Maybe once in a while but not consistently. So try to spend your time to build a strong team who understands your vision. A team whom you trust will be a winning combination that you need in order to make an event successful. 

Photography and Cinematography 

Pictures and videos are the bread and butter of any events. How somebody you have organized an event if you don’t post photos or videos on social platforms like facebook and Instagram. If you create a killer content then it will automatically get the recognition it deserved. There is no better marketing strategy other than social media. It is a huge market that you can use to generate leads for your business. If you check the social media pages of reputed event companies in dubai, you will notice that they emphasizing a lot to engage people on these platforms.

Understand Your Audience

If you are not good at this then believe me you are lacking something big as an event planner. Understanding their culture, sentiments and tradition will increase your chances to please the audience straightaway. Try to add this trait in your skillset and you are good to go. 

Respect The Budget Limitation

Always make your strategy by keeping in mind the budget because at the end of the day you don’t want to be at loss. So the event planning process should be directly proportional to the allocated budget. This is where your creative and smart thinking skills come into play because you … Read More

Customer Care as a Factor for Business Success

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Every year, thousands of business are started with hard earned money from entrepreneurs who promise to invest their time and provide a product or service. These businesses then serve the purpose of income generation for several households around the world and the manufacture of products and services provides employment to several people. However, according to statistics only about 56% business survive past their 4th year.

Entrepreneurship: Risks and Returns

This is one of the most important reasons that entrepreneurship has become such a stigmatized word. People believe that entrepreneurship is eventually bound to fail and hence do not want to start a business venture. Instead, they would go for a secure job and seek employment in a venture that was once started by another entrepreneur. However, the pay in a job varies significantly from what an entrepreneur earns and the motivation that the both carry. However, the risks too are higher for an entrepreneur than they are for an employee.

What Causes a Business to Fail?

The most common belief among people is that the reason for a failure of a business is simply that the entrepreneur runs out of cash. However, this is not it. The real reasons for a business failing lies in the reason for that money running out. of these, one of the biggest reasons among these is the fact that several entrepreneurs fail to recognize a real demand from the consumers.

This, in essence, leads them to developing products that customers did not demand and hence will not buy. Of course, if you are an exceptional marketeer, you could invest huge loads of capital in creating a demand for your business and get some sales as a result. However, that too will require funds and you risk spending too much and hence running out of cash again. This sums up the issue in lack of demand.

However, moving on to a much more subtle problem in the reasons for failure of a business is that nobody answers the customers’ calls indicating to an issue in the customer care department. This is a major, yet undermined issue in the business failure factors. Without anyone dealing with the customers’ concerns, the probability of losing a customer skyrockets, which can be extremely harmful for your business because retaining a customer is much cheaper than acquiring a new one.

The Need for Inbound and Outbound Call centers

Therefore, to ensure that the business effectively deals with its customer and engages with them to retain them, any business requires a proper call center with 24/7 operations. This call center is not only meant to deal with customer queries over a phone call, but also to reach out to them for promotional content. This means that a single call center not only retains but also attracts more and more customers.

This is the difference between Inbound and Outbound Call centers. As the name suggests, an Inbound Call center is one that deals with Inbound calls that are calls directed to … Read More

How Much You Should Tip Movers

When we talk about moving it is a tough job and genuinely requires a lot of effort. You feel it’s a tough job and you get suppressed with it. Once the work is done you appreciate the company plus the person who has done it and then you usually tip the movers. This is certainly a confusing situation when you want to appreciate the mover and on the other hand, you don’t know how much you should tip. So in that case given below is the detail which` you can consider how much you should tip a mover.

WHEN (AND WHEN NOT) TO TIP

Not all moving companies are basically equal. If you get anything less than excellent experience, you absolutely should not feel that you must hand over more cash. But if you think that the movers in NJ have gone above and beyond what you have actually thought off, hence certainly giving them some tip is a nice gesture to appreciate their effort.

Tipping your movers is suitable if:

  • They have come on the scheduled time
  • They finished your move in a shorter time period then you have actually thought off
  • They had to undergo extreme flights of stairs,
  • They out of the way went and helped you pack your things,
  • There was not any kind of damage while moving, or
  • They left you amazing with their customer service and professionalism

If they showed up late, damaged your things, or behaved in an unprofessional manner then you must keep your wallet in your pocket and there is no need of paying them anything extra. You should think wisely, evaluate on all the basis mentioned below and then further give some bucks.

HOW MUCH TO TIP

There is no as such hard-and-fast rule to tipping movers but if you are going to tip, it’s generally best that you give every crew member a similar amount. If you are rather just dealing with one person, give the full tip to the head mover so that he can split it evenly among the whole crew.

As a guideline, most people usually tip the movers 5-10%. For example: if your move costs $1,200, you could give the crew any amount beginning with $60. If you have three movers, that works out to $20 each and is more than enough for the effort they have done.

OTHER WAYS TO TIP

If you are not comfortable giving any cash then it’s totally okay. You can always tip your movers in other ways that is like on a moving day. It’s almost definite that your movers are going to work very hard and they would be sweating so providing them cold refreshments will be a nice gesture. If your move is starting early in the morning, offer them with coffee and bananas to fuel them up for the day ahead. If your move runs over their lunch or dinner break, you could give them a simple meal like pizza or sandwiches. This is also a … Read More