Your restaurant is doing well. Revenue is consistently increasing every quarter, your staff are pleased with their jobs and your customers keep stop coming back and recommending your restaurant to their friends. What should you do next?
Category archives: Budgeting
We recently caught up with Joel Braham, founder of The Good Egg, to discuss the journey of his restaurant business, the challenges faced by independent restaurants and the importance of maintaining a happy workforce, consistently high standards and managing cash flow.
What is Liquidity?
Liquidity is how easy it is to convert an asset into cash. If you can sell an asset for cash easily, it’s considered to be highly liquid. If you might need several months or years to sell an asset, it has a relatively low degree of liquidity.
Strong, consistent cash flow is essential for any business, from a small sole trader business to a massive international company.