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There’s a reason 60% of restaurants fail within the first year and 80% of them fail within five years: Being a successful restaurateur is hard work.

Running a restaurant is hard work. Just ask anyone who’s ever done it. Restaurant owners face a ton of challenges. They can be affected by seasonality. Bad weather can force them to shut their doors. The economy can cause many folks to eat meals at home more often. This all

You can’t expect to grow your small business if you don’t have enough inventory on hand. A new restaurant, for example, probably won’t develop a great reputation if it’s constantly running out of dishes and drinks because it doesn’t have enough ingredients on hand. Similarly, brick-and-mortar retail stores are unable

Three out of every five small businesses use loans to finance their operations at one point or another, according to Harvard Business School. Do you find yourself in that majority? If so, here are six things you need to keep in mind before you apply for any old commercial loan

Unless they’re independently wealthy or have rich friends or business partners, those who open their own restaurants usually have to secure some kind of funding. There’s equipment and inventory to purchase, construction and renovation projects to cover, and wages and utilities to pay—which doesn’t include the host of other costs,

It’s easy for owners who have good credit to get small business loans at favorable rates. But according to a recent report, 56% of Americans have subprime credit scores, which have historically been defined as FICO scores below 640. It’s certainly not uncommon for small business owners to find themselves