Author: Jason Hirsh
This article was originally published in May 2020. Given the current circumstances, we think it is important that local bars and restaurants revisit the key questions and opportunities addressed in this article.
Everyone can agree that our local restaurants and bars are taking it on the chin right now. Restrictions preventing normal operations are starving these important local businesses of cash flow while financial obligations stack up.
How do local restaurants and bars navigate these strange and uncertain times? There are many areas of consideration that could reduce costs and increase cash flow. By asking the following key questions, you may identify opportunities to immediately relieve financial pressures: