Published November 24, 2016
The sky is blue. Water is wet (or at least, the accumulation of it is wet; you might get in an argument just using this simple phrase, funny as that seems). “Cash is King in the Restaurant Industry”, as this article simply states in its short title. While it seems like there’s not enough money to be had in the restaurant industry for its employees, cash is still king in the industry — from big time restaurants to servers alike.
Key Takeaways:
- In 2016, there seems to be one word on everyone’s mind: revenue. And while revenue is important, a business owner and operator can never forget the number in their bank account.
- Your business could be the next big thing, but if you do not have the cash to pay your bills and employees, soon it will not matter how much revenue you have.
- All of this interest will hit your income statement, which means you will have an accurate picture of the cash leaving your bank.
“The statement of cash flows begins with your prior period ending cash balance.”
https://www.fsrmagazine.com/kitchen-sink/cash-king-restaurant-industry
Cash is King in the Restaurant Industry
The sky is blue. Water is wet (or at least, the accumulation of it is wet; you might get in an argument just using this simple phrase, funny as that seems). “Cash is King in the Restaurant Industry”, as this article simply states in its short title. While it seems like there’s not enough money to be had in the restaurant industry for its employees, cash is still king in the industry — from big time restaurants to servers alike.
Key Takeaways:
“The statement of cash flows begins with your prior period ending cash balance.”
https://www.fsrmagazine.com/kitchen-sink/cash-king-restaurant-industry
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