Restaurant Owners: Business Trends Going ForwardBy
With consumers keeping a clenched fist around their wallets, discretionary spending continues to drop. One of the places feeling the pinch is restaurants. For the past several months, restaurant owners have begun to deploy a host of cost-cutting measures and incentives to keep their tables filled and turning over. Currently offering a spectrum of business advice geared to eateries is American Express OPEN, the small business division of American Express. One of its initiatives is “The Business of Food” an online resource for restaurant owners. Recently, one of its culinary advisors, Dick Williams, forecasted a list of trends that will impact eateries through the end of this year continuing into 2009. They are:
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