How to Negotiate Better Deals With Hospitality Suppliers
Your suppliers can have a huge impact on the profitability of your hospitality business. Food, beverages, cleaning products, packaging, linen and other supplies can represent a significant portion of your operating costs. Yet many hospitality businesses simply accept the price on the invoice. That’s a mistake. Negotiating with suppliers isn’t about bullying someone into giving […]
Why Your Hospitality Business Can Be Profitable But Still Have No Cash
You look at your accounts and see a profit. Sales are strong. Customers are coming through the door. You have worked hard all month. But when you look at the bank account, there’s barely enough money to pay the next round of bills. So you start asking: “Where has all the money gone?” This is […]
