Do you dream of opening the next great restaurant in New Mexico? Before you break ground, it’s important that you understand these two essential elements to this undertaking: Business plan and Feasibility study. Step 1: Conduct Your Feasibility Study Before you create a business plan for your restaurant in New Mexico, you need to conduct […]
The Best Recipe for Effective Communication with Elected Officials Recipe: Communicating with elected officials is like a nice charcuterie platter. There are many possible options and if done right the result will be fantastic. Here is the best recipe for effective communication with elected officials. Ingredients: Email Snail mail Telephone In person Patience A calm […]
NMRA members Church’s Chicken and WAND team up to increase sales, manage labor costs, and assist in employee training efforts with digital menu board technology. Read the article here.
A few words from NMRA CEO Carol Wight: Why is this 2018 election year important to your restaurant and why you are important to our collective voice? This election year is important because the landscape of our elected officials is drastically changing — think California. Elected officials don’t understand how to manage a bottom line […]
Until you have a firm grasp on your restaurant’s financial statement and balance sheet, it will be all too easy to mistakenly think your business is doing much better than it really is. The 3 Components to Your Restaurant’s Financial Statement Despite its importance, the financial statement for your restaurant in New Mexico is fairly […]
A lot of planning is required to open and operate a successful restaurant. You need to plan the exterior, interior, and overall motif. It goes without saying that you need to plan an incredible menu. However, just as important, you need to conduct thorough financial planning, too. If you don’t project your restaurant’s revenue and […]
The Dish 7/11/18- All Politics Are Local, Why 2018 Is An Important Election Year For Restaurants in NM, 15 Ingredients for Successful Advocacy, Don’t Get Sued 6/27/18- Supreme Court Rules In Favor of Worker Rights, 4 Steps to Creating a Realistic Budget, How To Project Revenue and Expenses for Your Restaurant 6/13/18- Financial Planning for […]
The New Mexico Gross Receipts Tax (GRT) is a required piece of your operating budget. The gross receipts tax rate varies throughout the state depending on the location of your business. Recent changes to your area may have occurred and will go into effect 7/1/18. Click here to view the tax rate schedule for your area.
If your dream is to operate a successful restaurant in New Mexico, you’ll first need to learn how to create a realistic budget. Far too many restaurateurs have had to find out the hard way that their money is stretched way too thin. At that point, shutting down can seem inevitable. The only defense against […]
May at NMRA was all about how restaurants give back. Check out how these 10 New Mexico restaurants give back to support their communities and beyond. 1. Yanni’s Mediterranean Bar & Grill After Hurricane Harvey swept through Texas, several New Mexico restaurants jumped into action by organizing fund raisers. Yanni’s Mediterranean Bar & Grill donated an […]