After many years of building a successful brand, Pepperoni’s Founder & serial restaurateur, Ray Salti developed a more efficient scaled down business model that addressed many of the issues facing restaurant operators today – high real estate costs, escalating labor costs, diminishing workforce pool, quality control and increased demand for take-out & delivery.
Proving the new model for over five years with increasing revenue and profitability, Ray decided to launch the new Pepperoni’s into franchising in mid-2019. To ensure success as a franchise system, significant financial resources were committed to technology integration, modern unit layout & design, operations support & training and a call center.
In addition, construction on a modern corporate office was completed in early-2020. The goal is to have a state-of-the-art facility for the growing Pepperoni’s team with plans to include a test kitchen, training areas and a commissary. Combined with delivery of exceptional New York style pizza, positively memorable customer experiences and excellent unit-economics, Pepperoni’s is well-positioned for franchise success.
Single and Multi-unit Franchise opportunities are available along with Area Development opportunities such as those that recently resulted in several multi-unit development agreements in Greater Houston Area. Short-term growth plans include all major and secondary markets throughout Texas followed by expansion across Southeast U.S. Investment level starting at $153,000.
Interested in owning a Pepperoni’s? Learn more HERE.
5 Ways to Help Your Small Business Survive During the Pandemic
Covid has been the ultimate disrupter to the global economy. Fortune 500 companies and small start-ups alike have felt the blow, but it’s the small businesses that have suffered the most.
Small businesses are the backbone of the U.S. economy. According to the World Economic Forum, small businesses are responsible for employing nearly half of the private sector workforce. However, during these volatile times where social distancing measures have been put in place and mandatory shut-downs have happened, many small businesses have not been able to survive.
In September, Yelp released its latest Economic Impact Report revealing business closures across the U.S. are increasing as a result of Covid. According to Yelp data, permanent closures have reached 97,966, representing 60 percent of closed businesses that won’t be reopening. Read more.
Veteran Entrepreneurs and Small Business Owners Adapt and Overcome Unprecedented Challenges
“This year, military veteran entrepreneurs have seen their businesses shuttered or put on pause by the pandemic, faced supply chain issues, and have had to continuously adapt operations in response to changing realities on the ground. This year has also shown a spotlight on an issue that has persisted for too long: the systemic racism in our nation that creates barriers to entrepreneurship for entrepreneurs and small business owners that are Black, Indigenous, and People of Color. With that awareness, Bunker Labs is creating a space that helps entrepreneurs overcome challenges posed by the pandemic and systemic racism by providing the tools, resources, and inclusive community that facilitate growth,” said Bunker Labs CEO Blake Hogan. Read more.
Survey: Small business owners’ uncertainty increased in October
More small business owners throughout the country expressed feeling uncertain about their economic future in the month before the election, although general optimism remained steady, according to research by the National Federation of Independent Business.
The NFIB’s Uncertainty Index increased by six points to 98 in October, while the Optimism Index held at 104.
“Leading up to the presidential election, small businesses continued to focus on stabilizing their businesses but were uncertain about the future economic conditions due to COVID-19 government regulations on all levels,” said Bill Dunkelberg, NFIB’s chief economist. “We see solid momentum going into the fourth quarter, and another good quarter could get the GDP back to its 2019 closing levels.” Read more.
If you wouldn’t think about building a house without blueprints, why would you consider building a business without blueprints? Like plans for a home, business blueprints should include each component necessary for long-term benefit. Franchise Foundry can help ensure you have the right blueprints specifically for you as you explore the American Dream of business ownership! Learn more.
Five Emerging Disruptive Technologies For Entrepreneurs To Observe
While there are endless articles highlighting the benefits of artificial intelligence (AI), augmented reality and blockchain, there are other emerging technologies that are often neglected by entrepreneurs. These technologies have the potential to completely disrupt the aerospace, health and manufacturing sectors. In this article, will explore five potential breakthrough technologies and how I believe they will converge. Read more.
Election Results Frame Positive Future For Franchising
This 2020 election season has been one like no other. The months leading up to election day — and indeed the days following election day — have been both passionate and tumultuous. With the election now over, the future for franchising is predictable and promising. Read more.
Franchise Foundry represents a number of quick service restaurant (QSR) brands realizing year-over-year sales increases.- Low initial investment – Funding support- Site selection assistance- Small real estate footprint- Support & training- Multi-unit opportunities- Multi-brand opportunities. Learn more.
SBA Loans: What Is an SBA Loan?
When a small business owner needs financing, the first option to come to mind is usually a loan through the Small Business Administration (SBA). While many people are familiar with the term “SBA loan,” they often aren’t clear on what these loans are, or even how to get them. We’ve provided a general overview of the common SBA loan programs to help you decide which programs may fit your business needs best.
The SBA provides several small business financing options. The six most common loans offered by the SBA are 7(a) loans, 504 loans, CAPLines, export loans, microloans, and disaster loans. We have summarized the basic requirements, costs, terms, and application process for each of these SBA loans. Read more.
Small Business Administration (SBA) Loan
Benetrends has been securing SBA financing for 35+ years and has one of the best loan approval success rates in the industry. With a large and expanding network of lenders, you will have choices when it comes to selecting a loan. You’ll also have access to our dedicated staff – experts in loans for businesses – to ensure the fastest possible application processing, including a dedicated loan closer to assist with the closing process. Learn more.
Picture this: you’re swimming across the open ocean, but have no idea where you’re going. Slowly, but then all at once, the panic sets in. The sea is massive. It’s terrifying. Very quickly, it begins to swallow you up.
You need a plan, or you’re going to drown. Unlike a regular job where your boss gives you tasks to do every day, you’re your own boss. Read more.
The Voices Of Entrepreneurs, From Arkansas To Appalachia To Montana
When we lose small businesses, our divisions deepen. In the 30 years leading up to the Great Recession, fully 80% of metro areas experienced an increase in the number of firms annually. This trend was completely reversed by the Great Recession, after which only 20% of metro areas have seen an increasing number of companies created. New business formation has been depressed in most of the country. Read more.
Dark Truths About Entrepreneurship: What To Do When The Love Is Gone
So you’ve decided you want to be an entrepreneur, huh? City slicking between meetings at the pace of a cheetah and hunting to close the next deal, secure the next partnership, make the next sale. There was an allure to this life that drew you in. Or perhaps, you started simply because you wanted to support your family and being self-sufficient made sense.
If you’re reading this, it’s highly probable that you’re already living the entrepreneurial “dream.” Yet, it can fast become a nightmare for some. There’s a dark side to this path — and plenty of struggle for those who choose to walk down it. Read more.
You’re intimately familiar with your starting point – the business you’ve nurtured and grown. You understand your destination – successful franchises around the country or around the world. You have the passion and the proof of concept, but you don’t have the roadmap to move from point A to point B. You’re not alone.
Most business owners looking to expand into franchising are both anxious and excited, unsure and confident. It helps to learn from those who have traveled the road on which you’re about to embark, both to avoid the potholes and to recognize the markers that lead to success. Read more.
Follow This Entrepreneur’s 3-Step Approach to Cultivating a Killer Brand
Branding is the most commonly used phrase in business circles, but is also often the least understood.
For Jonathan Jadali, CEO of Ascend Agency, a PR form that works with top Fortune 500 companies, a brand is not a tangible thing. As he told me in a recent conversation, it is “a strong feeling that a business creates in the minds of its customers, that creates an emotional bond and passion for their businesses and produces loyalty.” Read more.
If you’re looking for a business lending source to help finance your start-up or manage your future wealth, contact us today. Benetrends Financial, a pioneer in the industry, has helped thousands of potential small business owners like yourself secure funding over the past 35 years. Learn more.
On this Veteran’s Day let’s keep in mind the following quote by George Washington…
“The willingness with which our young people are likely to serve in any war, no matter how justified, shall be directly proportional to how they perceive the Veterans of earlier wars were treated and appreciated by their nation.”
Veteran Entrepreneur Portal
The Veteran Entrepreneur Portal (VEP) is designed to save time with direct access to the resources necessary to guide every step of entrepreneurship. It also makes it easier for small businesses to access federal services, regardless of its source—and quickly connects Veteran entrepreneurs to relevant ‘best-practices’ and information. Learn more.
Entrepreneurship Center offers help as businesses adapt to the pandemic
After a spike in unemployment due to the pandemic, many businesses and entrepreneurs are still trying to catch up.
Kristin Gaspke, who leads WCC’s Entrepreneurship Center, said there’s help for new and existing businesses. Last month, Gaspke and the EC team hosted a four-week Zoom webinar titled “How to Start and Optimize Your Business.”
“99% of what we do in the Entrepreneurship Center for the WCC family is free. We offer all of our programs to everyone. If you look at the pictures on our website, I can tell you the story about each student in the center at that time and where they are now,” said Gaspke. “Today, some of them are still local business owners.” Read more.
The story of the Shop Small® Movement
Small Business Saturday continues to be an annual holiday shopping tradition — just one part of the larger Shop Small Movement that supports small businesses every day and everywhere. Because shopping at a family-owned framing spot or buying a handmade ring from your favorite online small business helps to promote more vibrant communities. Learn more.
Over the next two weeks leading up to #SmallBusinessSaturday we’ll be posting photos like the one below to continue to create awareness that franchises are small business just like Mom & Pop businesses on Any Street, USA. And, just like those independent business owners, franchise owners take entrepreneurial risk, invest their life savings, work long hours, give back to their local communities, compete with big box retailers and much more. Please help in this cause by sharing these posts across social media. #ShopSmall#ShopLocal#ShopFranchise
How Small Businesses Can Adapt to Changing Consumer Behavior
Small businesses have faced immense challenges as they’ve been fully or partially shut down during the coronavirus pandemic. According to U.S. Census data, nearly 80% of small businesses reported a moderate or large negative effect from COVID-19 as recently as of mid-August.
But after a difficult spring and early summer, during which time one in five businesses reported applying for and receiving loans from the Paycheck Protection Program (PPP), the landscape is beginning to look up. Small businesses are increasingly reopening, with 86% reporting that they are either fully (52%) or partially (34%) open. Read more.
The Secret to Business Survival in Today’s Tough Market
As we were ringing in 2020, it’s safe to say that nearly no one could have imagined the novel year that was virtually at our doorsteps. Like a monsoon, Covid-19 arrived. And with it a plethora of changes to not only how we live and work, but how business is conducted.
Quarantines and lockdowns became a way of life, forcing companies to transform how they operate. Office staff, sales reps, and others who were considered non-essential workers began working from home. In person meetings and sales calls became a thing of the past, replaced by collaboration tools to boost the efficiency of virtual teams. Read more.
11 Entrepreneurs Discuss 2020’s Biggest Challenges And Opportunities
There’s absolutely no doubt that 2020 has been a year like no other. Thanks to COVID-19, many businesses around the world have experienced loss of income, staff and general day-to-day operations. A large number of businesses have had to shut down, either temporarily or permanently. There aren’t many industries that will be heading into 2021 unscathed.
Entrepreneurs and start-ups in particular have had to face challenges they weren’t expecting – and many have had to change the way they operate, both internally and externally. Here’s how some top entrepreneurs have made it through: the challenges they faced and lessons they learned along the way. Read more.
The #1 Business Mistake That Can Ruin an Entrepreneur’s Personal Finances
I have been wanting to write this post for a very long time. Out of hundreds of business owners—either current or prospective—that I speak to on a regular basis, nearly one-half tell me they are about to commit the mistake I discuss in this post without realizing how it can set back their personal finances. In fact, you might consider this post a public service announcement, because the ease of making this mistake, coupled with its long-term effect on your personal financial well-being, is shocking.
I am talking about using a personal line of credit to fund your business. On paper, this process does not sound catastrophic, dangerous, or worrisome. In fact, it sounds logical and easy. Read more.
The Art of the Pivot: Heidi Clear, CenterPoint
What happens when your industry is completely stalled due to the pandemic? You pivot—which is exactly what Heidi Clear of Centerpoint did to keep revenue coming in and to show up for what was needed.
As the owner of a company that produces exhibits for some of the country’s biggest and most crowded trade shows, Heidi Clear’s operation was hit very hard at the start of the COVID-19 pandemic and shutdown. Read more.
How to Develop a Strong Online Presence for Your Startup
An innovative approach to funding your small business.
Benetrends Financial knows innovative funding – they were the first to introduce ROBS (Rollover as Business Startups) with their Rainmaker Plan®. While there are competitors offering similar funding solutions, only Benetrends has the breadth of funding opportunities and the experience to successfully launch the dreams of entrepreneurs – 17,000 and counting. Available options.
31 Quotes About Fear
Don’t let the things you are afraid of—failure, change, adversity, the unknown—stop you from going after the things you want most. Instead, find the courage to do what scares you. Face your fears, and you’ll uncover new and great opportunities. And it will feel good. Read more.
“Avoiding danger is no safer in the long run than outright exposure. The fearful are caught as often as the bold.”
Are you ready to own your own business?
Are you thinking of going into business for yourself and learning how the choice of a franchise can “jump-start” the process and your earning potential? Well, Franchise Foundry can help. Working with in-house franchise professionals you will work one-on-one in determining if you’re right for franchising and whether it is right for you. If you determine that franchising is a path to consider, you will be introduced to various industry segments and ultimately, brands that could be a “right-fit” situation . . . all to help ensure your future success! Read more.
Proclamation on National Entrepreneurship Month, 2020
This month, we recognize the bold spirit of America’s entrepreneurs who continue to prove that the American dream is alive and more obtainable than ever before. As we continue our great American comeback, we know that these innovative men and women will remain at the forefront of our efforts to create a brighter future for our country. Read more.
5 Tips for Entrepreneurs to Better Serve Their Potential Customers
If your startup or small business hasn’t been ocusing on customer service, the time couldn’t be better to put on a huge customer-centric push. However, you need to make sure you have the infrastructure, protocols and tools to be certain that your brand’s first impression is nothing short of powerfully awesome. Read more.
Business Unusual: 7 Unique Ventures to Consider in 2021
Do you want to be an entrepreneur? Join the crowd; in the United States alone more than 627,000 businesses launch every year. There’s something about the risk and reward that comes with entrepreneurship that remains attractive to many. Maybe it’s that we own a piece of the American dream along with our small business. Maybe it’s just that we’re finally our own boss. No matter, for many entrepreneurs, the gamble is almost always worth it, even if it requires the weight of small business lending to get started. Read more.
This Is Why Entrepreneurs Who Settle For ‘Good Enough’ Will Get Ahead
Sharon Peake, a psychologist and founder of Shape Talent, says that while a reluctance to delegate is not necessarily the preserve of entrepreneurs, when a business is ‘your baby’ with your name on the accounts, and your earnings directly impacted by the decisions you make, it is understandable that some founders don’t want to relinquish control. Read more.
Our goal is to help current and aspiring entrepreneurs architect a plan of continuous accelerated movement toward a pinnacle of desired success, even if and when previously thought to be unattainable. This process has been developed around our proven e-IDEA (explore, identify, develop, execute & analyze) methodology. Deployed effectively, it is key to sustainability and ultimately, to success… Acceler8Success! Read more.
How female entrepreneurs can deal with ‘mansplaining’ investors
One of the most common questions I receive as a female entrepreneur is if I am supported more by males or females in business. Throughout my journey, I’ve been blessed to have a network of supportive women, but also equally supportive men, from my mentors, family members, to colleagues who provided valuable advice and helped me take my business to the next level. Nevertheless, as might be the case with many female entrepreneurs around the world, we are often put in situations where we have to deal with “mansplaining”. The Oxford Dictionary defines mansplaining as: “the practice of a man explaining something to a woman in a way that shows he thinks he knows and understands more than she does.” Read more.
So much has been written about the traits and skills one must have to be a successful entrepreneur that it’s easy to forget that sometimes it is the little things in life that lead to the greatest success. In Entrepreneur Habits, we provide you with simple yet effective habits that any fledgling founder can employ in their daily — or nightly — routine. With advice from top entrepreneurs and innovative practitioners, these creative customs can help put you on the path to progress. Read more.
Inspire Brands buys Dunkin’ in $11.3B deal
The acquisition is easily the largest deal between two restaurant companies in 2020, and grows Inspire Brands’ footprint from 11,000 to more than 31,000 restaurants, edging it closer to heavyweight rivals like 50,000-restaurant company Yum Brands. Inspire will also gain over $1 billion in revenue and about $12 billion in systemwide sales, based on Dunkin’s 2019 year-end results. Read more.
Corner Bakery Cafe sells to Boston Market owner Pandya
Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. The fast-casual cafe brand had been held been a Roark subsidiary since 2011. Terms of the deal were not disclosed. Read more.
21 Tips for First-Time Entrepreneurs
If you’re an entrepreneur, be an entrepreneur. Don’t listen to the naysayers. If you fail with one idea, start another. You’re an entrepreneur, no matter what, whether up or down, success or failure, you’re always an entrepreneur. Remember that. Read more.
Why You Should Build a Personal Reputation Before Starting a Business
Before you start a business, you should consider building a personal reputation. You might be able to do this naturally by accomplishing noteworthy achievements in your field. But for most people, that means going out of your way to build up a personal brand on social media. Why is your personal reputation such an important factor for success in entrepreneurship, and what steps should you take to develop it? Read more.
An innovative approach to funding your small business.
Benetrends knows innovative funding – they were the first to introduce ROBS (Rollover as Business Startups) with their Rainmaker Plan®. While there are competitors offering similar funding solutions, only Benetrends has the breadth of funding opportunities and the experience to successfully launch the dreams of entrepreneurs – 17,000 and counting. Learn more.
Our generation is redefining entrepreneurship
As they enter the workforce, young adults of today know what they want and they don’t plan on settling. This generation values equal opportunity to grow and to reach financial freedom. Young adults want to be the ones in control of their future and for most, entrepreneurship is looking like the path to success. Read more.
“While we are in a challenging environment, you will find companies in every industry having their best year yet. Those succeeding are adapting, looking for the opportunity and using data to make fact-based decisions.”
Charles Gaudet, CEO of growth consultancy Predictable Profits
Our goal is to help current and aspiring entrepreneurs architect a plan of continuous accelerated movement toward a pinnacle of desired success, even if and when previously thought to be unattainable. This process has been developed around our proven e-IDEA (explore, identify, develop, execute & analyze) methodology. Deployed effectively, it is key to sustainability and ultimately, to success… Acceler8Success! Learn more.
We must collectively commit to rebuilding the small business sector
The pandemic has reminded Americans of the outsized role small businesses play in our economy, employing 47% of the United States workforce, generating two-thirds of new jobs, and serving as a critical path to economic self-sufficiency. Yet, it has also revealed the fragility of many of these enterprises and the profound deficiencies in how they are supported by federal policies, private practice, and local action. Read more.
Living the Luxurious Entrepreneur Life with Grant Luxury
Entrepreneurship is essential for the business itself, but it also plays a heavy role in the economy. Firstly, it creates new job opportunities because a company needs employees to run the business smoothly. Secondly, entrepreneurship causes economic growth. Entrepreneurs bring new and innovative ideas to the market, helping society become more advanced and developed. The latter is one of the reasons why Grant Luxury molds people to be entrepreneurs. Read more.
Is Crowdfunding Right for You? Answer These 7 Questions to Find Out
You have an awesome idea and you need some money to get things started. Have you considered crowdfunding? Crowdfunding is a popular and increasingly approachable way to put your prospective product or business in front of millions of people, and thanks to the visibility of massive success stories, there’s a public perception that most crowdfunding campaigns end up being successful. The reality is, less than a third of all crowdfunding campaigns end up reaching their financial goals. Why? Some campaigns aren’t right for crowdfunding. Some aren’t properly planned. Some aren’t properly supported. Read more.
QSRs Benefit From Economic Growth
The U.S. economy grew at a record pace in the third quarter, reported The Wall Street Journal (Oct. 29). It increased 7.4% over the prior quarter and at a 33.1% annual rate—recovering about two-thirds of the ground it lost earlier in the coronavirus pandemic. Gross domestic product—the value of all goods and services produced across the economy—jumped following a record decline from earlier in the pandemic when the virus and related shutdowns disrupted business activity across the country. Read more.
Pepperoni’s growing popularity among consumers is based upon consistency in delivering high-quality NY Style pizza, exceptional customer service and excellent unit-economics. Coupled with a strong branding program, technology integration and low-investment level, Pepperoni’s is positioned to be the next disruption in the Pizza segment of Franchising. Request info.
Robots Will Replace Humans in Restaurants Sooner Rather Than Later
Your best server or bartender could soon be replaced by a mechanical counterpart, says a new study from Ball State University. But that doesn’t mean your customers will like it. In her study, “How to Build a Better Robot for Quick Service Restaurants,” recently published in the Journal of Hospitality and Tourism Research, Dina Marie Zemke, an associate professor of residential property management at Ball State University, found that the overwhelming majority of respondents believe there is no stopping the robotic transformation of the food service industry, including quick-service restaurants (QSRs). Read more.
How Successful Entrepreneurs Handle Rejection
Some blessings can come from rejection. Many entrepreneurs have been rejected, only to come back stronger. Did you know Steve Jobs was fired from Apple before he returned to turn it into the icon it is today? Harry Potter author J.K. Rowling was turned down 12 times before getting published. Don’t even get us started on Elon Musk, who was fired from PayPal before going on to co-found Tesla, SpaceX, and more. No one likes rejection, but rejection happens even to the best of entrepreneurs. That’s why it makes sense to learn how to handle rejection well and turn it into a learning opportunity for your business. Read more.
Dunkin’ Brands holds acquisition talks with Arby’s owner Inspire Brands
Dunkin’ Brands on Sunday acknowledged that it has held talks on a potential sale to Arby’s owner Inspire Brands. Karen Raskopf, chief communications officer for the Canton, Mass.-based owner of Dunkin’ and Baskin-Robbins said the company held “preliminary discussions” with Inspire. “Dunkin’ confirms that it has held preliminary discussions to be acquired by Inspire Brands,” Raskopf said in an emailed statement. “There is no certainty that any agreement will be reached. Neither group will comment further unless and until a transaction is agreed.”
Your Life Isn’t Defined By Your Choices, It’s Defined By Your Reactions
When we feel most stuck and helpless, it’s because we’ve bought into the idea that our choices, and choices alone, determine the outcomes of our lives. Our real choosing power is actually how we respond to what we didn’t choose. The way we react to the reality that is in front of us is how we invent the next reality we will experience.
Interested in business or restaurant ownership but overwhelmed by what has to be done? Learn how a franchise provides support to help move you through the process. Be in business for yourself, but not by yourself.
The biggest reason people struggle to focus is that they don’t understand what focus really is. Most of us think about focus like willpower — the effort you apply to keep your mind on one thing when it wants to go somewhere else. But this is only a tiny part of focus — and by far the least important.
Political topics have always been challenging in the workplace, but never more than now. In the past, the goal was to avoid escalation. Today the conversation often starts heated. Furthermore, they can feel unavoidable, especially if they’re sprung on you with no warning.
If you’re looking for a business lending source to help finance your start-up or manage your future wealth, contact us today. Benetrends Financial, a pioneer in the industry, has helped thousands of potential small business owners like yourself secure funding over the past 35 years.
How This Problem-Solving CEO Is Keeping Her Restaurants’ Doors Open
Dawn Lafreeda is President, CEO and founder of Den-Tex Central, Inc. dba Denny’s Restaurants. In 1984, she opened her first Denny’s and since then, has built an incredible 85-location operation. Lafreeda, like so many business owners in the restaurant space, has been massively impacted by the pandemic but has found a way to manage her way through this incredibly destructive crisis.
55 Smoking Hot Blog Post Ideas That Will Delight Your Audience
Are you struggling to come up with ideas for your next blog post? Want to create blog posts that keep your readers coming back for more? Digital Marketer share their blog post ideas in this infographic.
5 Steps for Navigating Entrepreneurship in a Post-Covid Era
The world has become a place which nobody had ever imagined a few months ago. It has been surrounded by the outbreak of a virus that has brought the working of many businesses, brands, and entrepreneurs to a standstill. Nobody was ever prepared for such crucial times in the business world and the situations and circumstances have today made companies and entrepreneurs introspect and come to the conclusion of what needs to be done now to either retain their original positions in the market or thrive with the new normal.
Young Entrepreneurs are Redefining the American Dream
For young entrepreneurs, the American dream has changed. There has been a massive shift in values. Rather than looking for a job with good benefits and the opportunity to become a homeowner - young entrepreneurs are seeking freedom. Freedom of time and location.
“Are you bored with life? Then throw yourself into some work you believe in with all you heart, live for it, die for it, and you will find happiness that you had thought could never be yours.” – Dale Carnegie
For info about how owning a Pepperoni’s franchise can help you find happiness along with security and prosperity, please visit HERE.
Restaurant operating profits will rise 15% in 2021, Moody’s predicts
Moody’s upgraded its outlook for the U.S. restaurant industry from negative to stable, according to an an Oct. 20 report emailed to Restaurant Dive. The status change comes as business conditions are expected to continue to slowly improve in the next 12 to 18 months due to easing restrictions and consumers’ gradual return to dining out.
Why the Fast-Food Dining Room Could be a Thing of the Past
Is the fast-food dining room dead? Probably not. But the pandemic could well give rise to a new generation of restaurants that ditch indoor seating altogether. With quick-service restaurants thriving during the pandemic, thanks largely to the drive-thru, more companies are considering takeout-only units. Del Taco said last week, for instance, that it plans to test a smaller, drive-thru-only restaurant that ditches interior seats. That comes on the heels of Burger King’s new drive-thru-focused prototype, some versions of which do not include interior seats.
Benetrends Financial, a pioneer in the industry, has helped thousands of potential small business owners secure funding over the past 35 years. If you’re looking for a business lending source to help finance your start-up or manage your future wealth, contact Benetrends today.
Leveraging entrepreneurship to close racial wealth gaps
The latest jobs report shows that our national recovery from the COVID-19 pandemic and its economic impact will be slow and painful for millions of Americans, particularly those who did not have the luxury of wealth before the pandemic. It is increasingly clear that the capitalist system created for our society is not working for everyone, leaving some insulated from the wreckage of our economy, while others cannot escape. Without a change to the mechanisms of how our economy functions, there is no hope for a fully equitable recovery.
The Acceler8Success team focuses on helping entrepreneurs, solopreneurs, restaurateurs, brand founders, business partners, professional services providers, freelancers and multi-level marketers achieve their entrepreneurial goals while building and strengthening their personal brands.