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New FinCEN Reporting Requirements for Restaurant Businesses (Part 2)

New FinCEN Reporting Requirements for Restaurant Businesses (Part 2)

Memorial Day doesn’t always mean rest for the small business owner — depending on what kind of industry you’re in.There’s often a lot of hustle around national holidays (special promotions, big sales, holiday weekend shopping). And debt ceiling deals to make,...

Navigating Bank Failures in Your Restaurant Business Right Now

Navigating Bank Failures in Your Restaurant Business Right Now

Memorial Day just happened this week. The unofficial start of summer.I like to remember that when things are unpredictable and even a bit hairy (like a shifty economy, bank failures, debt ceiling crisis), normal life still goes on. People will still prepped their...

How the Bank Crisis Affects Restaurant Business Owners

How the Bank Crisis Affects Restaurant Business Owners

Now, I know that I recently started talking about the new FinCEN reporting requirement and promised a part two… which I’ll absolutely get to in an upcoming blog.But this time I wanted to take the opportunity to speak about the banking “crisis” that has a lot of...

New FinCEN Reporting Requirement for Restaurant Businesses

New FinCEN Reporting Requirement for Restaurant Businesses

We’ve been watching the unfolding banking “crisis” closely and evaluating what it means for our economy moving forward. Yes, seeing (numerous) banks fail can be unnerving, especially when the economy seems to also be careening toward a recession. The media,...

Sernett’s Best Practices for Terminating an Employee

Sernett’s Best Practices for Terminating an Employee

We’ve all got a bit of FOMO about FOMC’s (Federal Open Market Committee’s) big meeting this week, waiting to see if yet another interest rate hike will be coming. Most indicators say likely.Since March 2022, there have been NINE such increases to interest rates...

Smart Pricing Tactics for Restaurant Businesses Right Now

Smart Pricing Tactics for Restaurant Businesses Right Now

Before I dive into those smart pricing tactics your business will want to implement right now, let’s revisit something I wrote about last week: planning for a Q1 analysis. Have you jumped on it yet? If you haven’t, let me just say, how well your 2023 shapes up could...

Leadership Development in Your Restaurant Business

Leadership Development in Your Restaurant Business

 Unless you’ve been living in a cave like this woman, you know that business ownership is a tough gig right now — it’s nearly an Olympic sport to keep things running and moving ahead. But, despite all that, being a business owner is also pretty great....

Prioritizing Employee Wellness in Your Restaurant Business

Prioritizing Employee Wellness in Your Restaurant Business

It’s a bit of a dog-eat-dog world for businesses these days. (Feel that sentiment in your bones?)Inflation is pervasive. Supply chain issues still have you jumping through hoops to get products. The hunt continues for good help… proving the adage. Covid-era debts now...

Making a Plan to Reskill and Upskill Your Staff

Making a Plan to Reskill and Upskill Your Staff

Well, here we are — just like that, we find ourselves already a quarter of the way through 2023. While people everywhere are breaking out the deep cleaning sprays and scrub brushes to get a little springtime sparkle, you might want to be thinking about a similar...