Business planning

Are You Considering Going into Partnership with Your Spouse and Are You Aware of the Possible Pitfalls?

Recently, a husband and wife came to me explaining they wish to go into business partnership together. The first question I asked them: Did they have a partnership agreement? To which they said: No. I pointed out the three main reasons why they must have a partnership agreement. One, the partnership agreement explains what happens …

Are You Considering Going into Partnership with Your Spouse and Are You Aware of the Possible Pitfalls? Read More »

Does Your Wine Bar Generate Enough Profit From Its Sale of Drinks and Beers?

https://youtu.be/uVf6WyVl58g A wine bar operator was concerned about the level of profit from the sale of his drinks. I explained to him that it was very important to have proper stock controls for wines, beers, and draught beers. Particularly with his draught beers he had to make sure to keep the wastage down to a …

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Restaurants, are you happy with the profits from your wine & beverage sales?

https://youtu.be/kjnSJM2B1QI Hi, I’m Derek Peter of Green and Peter, Creative Chartered Accountants based in North London. Let me give you an example. I recently went to see a restaurateur who was concerned about the level of the profits on his sales of wines and beverages. I looked at his systems and explained to him that …

Restaurants, are you happy with the profits from your wine & beverage sales? Read More »

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