There has been marked growth in the restaurant industry in Britain despite a decrease in spending in leisure, home goods and in the hotel industry. This data was compiled using the spending patterns of Visa cards and spending patterns used in the country. Lowered spending has been attributed to the upcoming Brexit, the recent election results and overall concern about the economy. The lack of job growth and higher living costs have also reduced the amount of disposable income. People have reduced their spending but the restaurant industry has remained resilient.
Read more: Restaurant sector bucks the trend in Q2 with a rise in consumer spending
When to Outsource Your Restaurant’s Financial Tasks
If you own a restaurant you know how busy and time consuming it can be. The last thing you might want to worry about is all the financial tasks. From taxes to payroll and everything in between. If you are a busy restaurant and are feeling like you can’t keep up consider outsourcing your financial tasks. Having it done right and on time will really save you a lot of time to focus on other things.
Key Takeaways:
“A recent TD Bank survey indicated that 80 percent of small business owners, such as quick-serve operators, are self-reliant in managing their company’s finances.”
Read more: https://www.qsrmagazine.com/outside-insights/when-outsource-your-restaurant-s-financial-tasks
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