Business Management Archives • baumblaugrund.com

Cash is King – managing the cash conversion cycle

By Lewis Baum| 2017-11-12T08:20:05-05:00 April 25th, 2017|Business Management|

It is important to understand that profit reported on a company's income statement does not equate to cash flow. Understanding a company’s cash –cycle can be vital to truly understanding and assessing how the company is doing overall. The cash cycle is an important component to understand when assessing a company’s operations and for understanding [...]

Restaurant Profitability and Prime Costs – Ready for “Prime” Time?

By Edward Blaugrund| 2017-11-12T08:48:16-05:00 March 15th, 2017|Business Management|

Restaurant profitability and success can be traced to various factors. These factors can include: location, demographics, and concept. Another key factor to consider is the restaurant’s prime costs. Prime Costs and Restaurant Profitability What are prime costs? It is the total cost of food, beverage and labor. The food and beverage costs will typically be [...]