Skimping on wages and not offering benefits doesn’t always equate to savings in the long run. Especially when you’re in the restaurant industry, which employs 14 million people or ten percent of the national workforce according to the National Restaurant Association.  With such a large pool to draw from, it pays to pay well, especially since the 2013 turnover ratio was 20% higher than the overall private sector average, a whopping 62.6% for the restaurant industry as reported by the Bureau of Labor Statistics.

Save yourself the headache, time and money of replacing the valuable members on your team by paying them fairly and competitively.  Let’s take a look at just how that’s done, examining average salaries within the industry and what that turnover ratio is really costing you.

March Madness is a time when fans and nonfans alike emerge to root on the teams that will lead their brackets to victory.

For Joe and Leesa Albert, March Madness 2011 would change their lives forever. While the two watched an Ohio State game, they noticed a group of fans wearing striped sleeves in the team’s colors and were intrigued by the sea of crimson and gray waving around.

Maybe it’s America’s resurgent obsession with bacon, or the emergence of legions of foodies, but people are flocking to restaurants again.

2015 is shaping up to be an excellent year for the restaurant industry, with TDn2K’s Black Box Intelligence reporting that in January, restaurant chains posted their highest same-store sales and traffic growth rates in more than six years.  If that wasn’t enough, the National Restaurant Association’s 2015 industry outlook projects record sales of $709 billion.

Already have your own restaurant or thinking about starting one given the promising year ahead? Read on for the top trends so far this year to make 2015 your best year yet.

When the Great Recession hit in the late 2000s, the construction industry took one of the heavier blows as housing starts and remodeling projects dried up.

Now those days seem like a long time ago as the industry has started to pick up steam again with 2015 expected to be a year of dramatic growth.  But coming out of the bust season and into the boom brings with it some challenges for the industry.

The Limited Liability Company or LLC is quickly becoming the preferred business structure of choice for those looking to start a business.  For good reason too – LLC’s are simple to setup, cheap to start and offer great benefits.

You have the dream.  Now it's time to make that dream a reality.  According to an article by Forbes, when starting a business, only 50% survive their first five years, with a third making it to the ten year mark.  With odds like that it’s best to understand all of the options and benefits available to you, so let's take a look at what they are!