When it comes to taking the food-delivery game by storm, many restaurants are not prepared for the long term. They will need help from franchisors or government agencies to survive. Independent operators will have to drastically cut their costs or find other viable business models. Even if they do have some resources, they are at a disadvantage compared to franchisees. However, there are ways to keep your business healthy and thrive despite the slowdown in the restaurant industry.
One option to consider is the implementation of a state or federal safety net for restaurant workers and owners. In some states, tax credits for health insurance coverage for employees will make a big difference. In other areas, stronger rent relief policies might be more effective. In any case, policies to ease the financial burden on restaurants will ensure that they can continue to invest in their people and the growth of their businesses. The more state and federal support, the more likely they are to succeed.
Another option is to consider a workforce-based approach to hiring. In the restaurant industry, the lack of high-quality staff is a major drawback. It means a restaurant’s rent is going to be at risk later in the year. That means you will be scrambling to pay rent and keep your staff happy. By investing in benefits for your employees, you will attract long-term employees.