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Eight (non traditional) strategic accounting secrets to profitable restaurants in 2023

Eight (Non-Traditional) Strategic Accounting Secrets To Profitable Restaurants In 2023

As a restaurant owner, it is crucial that you understand how smart restaurant accounting can bring you closer to profitability and sustainability. Because of the huge impact of cost of goods (COGs) on the bottom line due to the nature of business (i.e. buying raw material, cooking the food, and selling for profit), it's important that restaurateurs understand how to compute and monitor prime costs so that their business is actually profitable.
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Do's   donts of opening a restaurant in dubai

Opening a Restaurant in Dubai: The Dos and Don’ts

Dubai’s economy is thriving again and restauranteurs in the region are showing no signs of slowing down. The Department of Economy and Tourism’s Business Registration and Licensing reported that it issued 24,662 new business licenses in Q1 2022, a growth of 58% compared to Q1 2021, and restaurant openings have proven to be one of the most popular categories across the past few years. Opening a new restaurant requires some smart decision-making as well as consideration into avoiding some common mistakes that budding restaurateurs make. Opening a restaurant in Dubai? Consider these dos and don’ts.
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