9 Ways to Survive a Cash Crunch in Your Restaurant

January 19, 2017

Tips to help you stay profitable

Every restaurant owner is familiar with the mantra “cash is king.” Having a healthy cash flow can make the difference between staying afloat or facing potential financial drowning. A downturned economy, lost customers, difficulty finding investors, or a natural disaster are all events that can bring a healthy cash flow to a mere dribble.

What do you do if you find yourself in a cash crunch?

1. Triage

Prioritize the usage of available cash. Put your employees first by giving payroll top priority, as well as tax withholdings and employee benefits. These types of