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Tag Archives: Small Businesses

Food & Drink Looking Good for 2023

A recent study by Marcum LLP indicates that over two-thirds of executives in the food and beverage industry maintain a positive outlook for 2023.

Executives in food manufacturers, eateries, distributors, retailers, and agriculturists were asked about the various issues facing their work and businesses. With close to 70% of respondents pointing to an increase in revenue (when compared to 2021), there were additional factors explaining the positivity.

Forty-five percent of food and beverage executives reported having expanded their employee pool by 5% or more during 2022; 20% said they hired more than 10%. This kind of enhancement points directly to the intentional growth of the businesses and plans for continued and/or expanded operations.

While most executives stated that inflation, up-trending commodities, and additional operational costs as their primary challenges for the past and the coming year, there is still optimism about the industry’s potential given changing consumer habits in the post-pandemic economy. More people are eating out. The restaurants they eat in will need to hire staff, buy ingredients and dining supplies, and develop recipes. Innovation and product development in the food and beverage space is also giving executives hope for 2023. As clients and consumers are savvier, relying on a multitude of information before making any decisions– including those involving food– the industry recognizes the investment needed in the field of public opinion, social networks, and online marketing.

Pandemic Brings New Opportunities for Entrepreneurs

Pandemic Brings New Opportunities for Entrepreneurs

A growing number of Americans are starting their own business. The reasons behind this pandemic-driven entrepreneurial surge vary: some were laid off because of COVID and transitioned their “side hustle” to be their primary form of income; others took the time to reconsider their priorities and gave up on their grueling corporate jobs; for some,… Continue Reading

What Small Business Owners Can Do Right Now

Building and sustaining a small business is no easy task. Marketing, developing, and producing products or services demand high levels of attention and involvement. This digital marketing checklist lays out simple and effective tips for businesses of any size. Your brand’s identity is critical for marketing purposes, digital or otherwise. Articulate what makes your business… Continue Reading

Supporting Local Businesses This Holiday Season

There is nothing typical about the 2020 holiday season. Celebrations have been curtailed, guest lists have been tightened, and shopping options have been limited. New Yorkers, however, ever resilient and resourceful, are finding ways to keep the holiday spirit alive and support local entrepreneurs and businesses in the process. Primarily organized on social media, these… Continue Reading

BIDs to the Rescue

New York City’s BIDs (Business Improvement Districts) and neighborhood organizations are a pivotal lifeline for local shops and stores. The BIDs take on the lion’s share of street cleaning, marketing campaigns, and publicity. The tragic economic effects of the coronavirus pandemic have only heightened the need for BIDs. They are helping businesses stay open, advocating… Continue Reading

How to Support Women-Led Businesses During Crisis

How to Support Women-Led Businesses During Crisis

Since the very outset of the pandemic, COVID-19 has had a crippling ripple effect across world economies and international supply chains. In every country, businesses are navigating devastating obstacles: detrimental drops in revenue, debt, and job loss. For small and medium outfits, also known as SMEs, the financial turmoil is particularly devastating. And women-owned SMEs are feeling… Continue Reading

Creativity is the Right Businesses Model for Corona

Creativity is the Right Businesses Model for Corona

With the coronavirus lockdown now entering its 10th week, New York City business owners have gotten creative in their attempts to keep customers engaged and buying. Restaurants remain closed for dining in, but almost all eateries have adopted delivery systems to bring food to diners at home. Amy Schiappa, the owner of two hair salons… Continue Reading