Private Money Vs Hard Money

photo credit: MesFootwork.com - Custom Sneakers

I interview real estate investors for my website and recently I came across a number of investors who teach about using private money to purchase real estate. However, if you would have asked me one (1) year ago about the difference between private money and hard money I would not have been able to tell you anything. The difference however is very critical.

Broken down into its simplest form the main difference is with private money you decide the terms of use and with hard money the lender decides the terms of use. Now this very basic difference has a lot of impact on your real estate investing business. One type of money is not necessarily better than the other but you should in fact no the difference.

Where does the money come from?

In both scenarios you are going to receive the money from an outside investor. There are several ways to discover these investors from holding luncheons to running ads in the local paper. The investors know that real estate will offer a higher return than the market so they are inclined to give you some dollar amount in exchange for a percentage of return.
( More... )

A Restaurant Management Career

Restaurant managers have very important jobs as they are responsible for making sure that a restaurant or other food service facility is running smoothly. They have to organize duties among the different departments, such as kitchen, dining room, and banquet operations. Restaurant managers ultimately are needed to ensure that their customers are happy with their dining experience.

What They Do:

Restaurant managers oversee the day-to-day operations of the restaurant. They oversee front of the house staff and kitchen staff, and are responsible for hiring, firing, training and supervision of the staff. Restaurant managers meet with food suppliers, and beverage distributors to decide where they will order their meat, vegetables, wine, and supplies. On a daily basis, these managers place orders with vendors and suppliers, and schedule the delivery of food, beverages and linen service. They are responsible for receiving the items and making sure they are what was ordered. The also arrange services such as maintenance and waste removal.

At the end of the day, the most important job for a restaurant manager is customer service. Customers expect professional, friendly service executed in a timely manner.
( More... )

Writing an Awesome Restaurant Resume

As a restaurant management recruiter I am constantly bombarded with resumes all day, every day, on weekends and holidays. It is amazing how many great managers out there can run a profitable restaurant operation inside and out, but they have no idea what to write when it comes time to shop for their next opportunity.

In the restaurant industry it isn't about where you went to school, what degree you have or what you like to do on your days off. Plain and simple is the best strategy for getting an interview in this field. You have to understand that the hiring managers who review your resume see more resumes than I do any given day. We are talking in the mid hundreds depending on how they have their needs and job hiring goals presented to the public. Many times a resume is passed over because it isn't user friendly or it is out of order chronologically. The worst thing I ever saw was a resume that stopped over 2 years ago with no explanation. Go ahead and file that one in the round outbox on the floor.
( More... )

Hotel and Restaurant Management Careers For Service Members

Seeing in world is one of the unique benefits members of the U.S. Armed Forces enjoy. How many of their friends and neighbors back come can say they've been to countries like the Philippines, Japan, Bosnia or Afghanistan - not many!
And so when it comes time for military personnel to leave the service, it is not without some regret as they contemplate whether they'll ever be able to live and work in a foreign country again.

One education path that may be able to provide career opportunities for living in an exotic location is hotel and restaurant management. And while there are obviously hotels and restaurants in ordinary places like your home town, there are certainly many more in states, cities and countries that are beautiful and attract tourists.

If the idea of working in the tourist centers of Florida or aboard a cruise ship appeals to you, perhaps taking a look at the career path of hotel and restaurant management might be right for you.
( More... )

Why a Restaurant Career is Rewarding

For many people the idea of working in a restaurant is almost a fate worse than death. However, speaking as someone who has worked in many restaurants over the years, it is possible to learn a lot during your time there. Not only can you learn how to prepare and serve food, but the sheer number of people that you meet, and how you learn to interact with them is amazing as well. Taking this into account, there are plenty of things that are positive about working in a restaurant.

In order to really understand if it is the right job for you, it is important to determine how much you enjoy talking to other people, and interacting on a continuous basis. Restaurant work will have you interacting with people who are from a wide range of economic backgrounds, as well as age ranges all within a single area. In reality this is not always easy for everyone to handle, but can be a lot of fun if you know how to handle the experience.

With the ability to meet so many different people, you can talk about a wide range of issues, learn about new cultures, including current pop culture and even discover a world that exists far outside of your own hometown. All this while earning a paycheck, learning how to be a leader, and discovering how to prepare and serve food. In reality, many people find that restaurant work is one of the most rewarding and beneficial jobs that they have ever considered.

It is also a good idea to consider just how working in a restaurant can help you. For example, if you have very poor cooking skills it can offer you the opportunity to improve your skills, while having the structured training to help guide you along the way.
( More... )

Restaurant Jobs and Careers

When you first enter your corner restaurant , it appears to be run by a few servers and a bartender or two... oh, yes, and a cook, of course (Can't forget the food!). The truth is that a restaurant is a beehive of activity, with so many people who make it possible for you to dine out. Here is a behind the scenes look at typical restaurant jobs.

Back of the House Restaurant Jobs

The kitchen area and the staff that support it are typically considered the Back of the House. Below is a list of common Back of the House jobs positions in a restaurant.

KITCHEN MANAGER / ASSISTANT MANAGER JOBS

Depending on the size of the restaurant, a Kitchen Manager / Assistant Manager would take on all the administrative and managerial duties of the kitchen. However they may also have a dual role as a Chef or Cook.
( More... )

How Much Does a Bartender Make?

Along with the question "how much money do bartenders make", you should consider some of the other benefits that stem from bartending. Bartending can provide many other benefits rather than just cash. Bartending allows for travel, social skill development, part-time hours, and relative ease of entry into the profession.

Bartending falls under the umbrella of the hospitality industry. Bartending affords you the opportunity to meet all different types of people and to work at many exciting locations around the globe. A good bartender can work in posh resorts or 5 star hotels and restaurants.

One of the great benefits of bartending is ability to make a full time income from part time hours. Since you can pull in a couple hundred dollars in a few hours, bartending allows for you to pursue other income streams, through either going to college, or starting a business. The extra cash earned from bartending is an excellent way to pay down some outstanding debt.

"How much money do bartenders make?" is an oft asked question. The top bartenders can make around $100,000 per year. Almost all of a bartender's earnings comes from tips.
( More... )

Restaurant Manager Job Salary

restaurant manager $44,000

View Larger Salary Graph

---

Orignal From: Restaurant Manager Job Salary

How Do You Define A Successful Coffee Shop?

Based on customer surveys, you should be confident no matter how large or small your coffee shop is. This isn't really a factor for customers even though many have the impression that large coffee shops have more to offer. A customer may try a new large coffee shop but then go back to the smaller one they have gone to for a very long time.

Large coffee shops don't necessarily make more money than smaller ones. They have to pay more for supplies, electricity, the building, employees, and other overhead expenses. They also have to spend a great deal of money to advertise. After all they can't have that large facility being empty - it has to be full of customers.

Customers have other criteria that they are concerned with than the size of the location. People even go to drive up ones if they offer the right elements.
( More... )

Franchise Financing - What You Really Need to Know

Franchise financing for first-time franchisees

Some potential franchise financing sources include the following:

- Personal savings and investments
- Borrowing from friends and family members
- Taking out a small business loan from a local bank or credit union
- Obtaining a second mortgage on your home
- Working with outside investors or investment capital firms
- Obtaining a loan from the U.S. Small Business Administration (SBA)
- Obtaining a loan from Canada Small Business Financing (CSBF

You must come up with the money to be in business!

The statistical truth is that the single most common reason new franchisees (and for that matter, all other types of new businesses) fail is that they did not have enough money going into the investment.
( More... )

Small Business Webhosting

Small business webhosting is crucial for the business concerned. Get it wrong and it could cost a great deal in lost income opportunities and even customer complaints. You may well have considered all sorts of things to do with webhosting, but have you thought about one very important area - backing up your website?

Backing up your web host data is a very vital thing for website owners because so much is at stake if information is lost. You might think it will never happen but it can and does happen to businesses. There are a million and one ways that a web host server might crash and all the data be lost for ever. Not least, users can accidentally overwrite vital files when they are amending their website. This can be easy to do when carrying out such a technical task.
( More... )

Bread Pudding With Pisco Brandy Sauce

This is a recipe that has been in my family for many years. My grandmother spent some time in South America and adapted her bread pudding recipe after learning of Pisco Brandy. Pisco brandy comes from Peru. Centuries ago under Spanish control, Peru used to ship this liquor to the colonies of Spain from the port of Pisco; which eventually gave it's name to the grape brandy. Presently, great-quality pisco is full of body, bouquet, and most importantly flavor; pisco continues to be a vital element in Peruvian cuisine.

I've always regarded this recipe as rare and unique. This is the kind of dessert you can be proud of, knowing your guests have probably never had such an indulgence.

Difficulty (Scale from 1-10): 6
( More... )

Traditional French Vegetarian Recipes

When you think of French cooking, you probably think of steak frites, frog legs, or broiled chickens. You also probably think of a cuisine that does not typically offer many choices when it comes to vegetarian-friendly fare. However, with these French vegetarian recipes, you'll be dreaming of traveling to Paris and enjoying a gourmet meal at a local French bistro.

One type of food that has dozens of variations of French vegetarian recipes is the crepe. While you might think of a crepe as being served only for dessert, you can actually make delicious savory crepes as your main course. Crepes are easy to make, especially if you have a crepe pan or an omelet pan. Otherwise, a small skillet will work, too. All crepes start out with similar recipes. Mix together some flour, baking powder, and salt, and then beat in some eggs, milk, and water. Add a small amount to a hot skillet that you have sprayed with a little bit of cooking spray, and quickly swirl the pan around so the batter spreads out thinly across the whole pan. After the bottom turns brown-less than a minute-flip the crepe and cook the other side. You can make a bunch of these at one time and just stack them on a plate until you are ready to build your dinner crepes.
( More... )

How to Run a Sports Bar

photo credit: Alan Gee

The image of a sports bar is familiar: people milling around, shouting at the games playing on the television, and drinks coming as quickly as conversation. However, it's important to note that frequenting such an establishment is much different than if you integral to how to run a sports bar. It's important to think about everything from the food you serve, the music you play, and the sports you show.

First off, think about the basics: how you will stock your bar with food and alcohol. Look into your state's laws and shop around for food and alcohol vendors. A bar serves alcohol, so look into requirements for obtaining a liquor license. Take your time when it comes to shopping for suppliers: compare prices and availability. The key to how to run a sports bar is to know all of the options available to you and to choose wisely.

Hire people you trust and who fit the image of your sports bar. You want bartenders who know something about sports: it's normal for patrons to talk sports ordering a drink or appetizer. Similarly, think about hiring a cook or chef and a group of people to work in the kitchen. The amount of employees you hire depends upon the amount of food served. Consequently, decide upon a menu for your sports bar.
( More... )

Wine Business

photo credit: David Boyle

Invent a trendy idea: the wine club

Forget the old course to taste the wine. Today to thoroughly enjoy the taste, is real club. The Baglioni Wine Club in Milan is a new point of reference for those who want to deepen the culture of wine. "Themed events, a comparison with other enthusiasts, the constant support of a sommelier: these are the salient points.

Registration is free and comes on line. The events are monthly and are paid (on average 60 70 euro per person ) "says Elisa Camossi, who handles the business operations of the club. "We started in the summer of 2007. To date we have two branches of the Baglioni hotel in Milan and Rome. Our members are 2500, 700-800 of them at our events.

Start a wine library
Wine and books: winning combination? The question is whether the post seven years ago, a Roman named Gabriele Grandoni. At the time Gabriel was 28 years, studying at universities and rounded as a seller of wines.

He says: "Wine is my passion, so much that I decided to attend a course and to become a sommelier. I was thinking of opening a representative, when I met a distributor who was selling books at Monaco and wine together. The idea I liked suffered. " Gabriel had not much money and so to open its local "The Tias" choose Pigneto district of Rome: People and peripheral, but with great promise for development. He says: "I was a bet.
( More... )

How to Have Your Business Line of Credit Application Approved - The First Time

photo credit: Caveman 92223

The best way to realize the American Dream of financial independence is, for many, to acquire capital for their business. Because lenders prefer to loan to businesses with established financial histories, loans through traditional lenders can be difficult for new businesses. In today's market, it grows ever more difficult to obtain loan approval for the business capital you require. Whenever you turn on the news lately, it seems like there is always at least 1-2 new banks that is asking for the government to take over control and bail them out. It is no wonder banks are reluctant to lend, with all of this market volatility.
( More... )

Why the Smart Restaurant Owner Chooses a Credit Card Cash Advance For 2009

Anyone with a lot of money and an idea can be a restaurant owner. But it takes much more to become a smart restaurant owner.

A smart restaurant owner thinks before he acts. A smart restaurant owner learns from her mistakes. A smart restaurant owner knows that the customer always comes first. And most importantly, a smart restaurant owner is aware of all of the many types of business funding options and chooses the one or combination of sources that works best for him.

One type of business funding option that many restaurant owners may not be aware of is the credit card cash advance.

Do you want to expand your restaurant by adding seats or opening another location? Do you want some extra cash for a little bit of a cushion when your restaurant opens?
( More... )

Are You Interested in Restaurant Equipment Financing?

When companies are dealing with refreshments and foodstuff the single biggest factor that determines their chances of clinching the deal is restaurant equipment financing. The business is so competitive that the other players in the market often steal a march on your business. So restaurant equipment financing is vital for the healthy financial health of a restaurant business. This is not so true for other establishments where you have other revenue models to choose from. Restaurant equipment financing takes you a step forward by unleashing the potential of a lease for your business.

In due course of a lease program you actually realize how restaurant equipment financing is beneficial. There are a lot of merits from this type of funding.

• The way a lease program works for restaurant equipment financing is beneficial to the operational revenue of the business. They offer soft loans for a longer duration unlike banks which lend you a limited sum and often burden you with stringent rules and deadlines. In case of leasing, you have smaller installments to pay off every month. The extra money that is generated from the business can be used to run the restaurant in a better fashion. It could also be channeled into the working capital of the business. This will ensure a solid financial ground to build your business on.
( More... )