Recent Articles

Labor Availability

Every service related business wants to maximize the hours the staff bills or provides services to customers. When they are working, the business gets to bill for time and generate revenue. Maximum revenue means the best chance at creating the largest profit.

Operate Within Your Range of Production

02/13/2013

One of the basic business concepts is range of production.  It means maximizing the capacity (range) of the assets in your operation.  When the business operation goes beyond the maximum production range, costs associated with the marginal [...]

The Different Forms of Compensation

01/21/2013

There are two forms of compensation provided to employees; direct and indirect.  Direct forms of compensation have a multitude of types or methods, from salaries to bonuses.  Indirect compensation is primarily the various types of benefits and [...]

Controlling Food Costs in the Restaurant Industry

01/08/2013

The top two costs associated with owning a restaurant is labor and food.  Controlling these prime costs in effect is the bottom line in your business.  So how do you control food costs?  First identify the correct quantity and quality of food you [...]

The True Cost of Labor

01/01/2013

I laugh at the definition of labor costs because in my opinion the so called experts only have it half right.  Labor costs are more than just gross wages and benefits.  It should include the costs of insurance, employer taxation, human resources [...]