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February 1, 2024
Restaurant Owners’ Guide to Preparing for Ramadan 2024
While approaching the blessed month of Ramadan restaurateurs are confronted with a peculiar gastronomical dilemma. Such moments provide restaurateurs with the opportunity to serve numerous customers waiting for this occasion. In this post, we’ll get into some potentially essential strategies these entrepreneurs could employ as preparations take shape for Ramadan 2024 – capitalizing on the benefits provided by such massive events. Understanding Ramadan In order to get ready for Ramadan the significance of this month in terms of the Muslim approach should be understood. This month denotes an event of self-control, spiritual growth, and communal harmony. Introduce yourself and your team to the socio-religious aspects that characterize Ramadan to develop a dining setting oriented around inclusion and respect. Create a special Ramadan menu Consider creating a unique Ramadan menu which is a combination of traditional and creative recipes. The common iftars food items like dates and refreshing fruit juices are accentuated along with the traditional such as biryani, kebabs, and samosas. Offering variety will make your restaurant appealing to a wide range of tastes. Adapt operating hours Since the dining habits are remarkably peculiar during Ramadan, it is advisable to adjust your restaurant’s service times. Extend your overnight activities to accommodate Iftar and Suhoor (pre-dawn meal) timetables. Such a shift could attract customers looking for pleasant and comfortable mealtimes during these specific timeframes. Promote Healthy Options Promote the importance of health during Ramadan, and increase choices for healthy food on your list. Serve lighter meals, leafy green mixes, and mixed ripe fruits for people who are very careful about their eating habits during this fasting period. Marketing and Promotion Use social media, email bulletins as well as the restaurant’s web page to advertise your Ramadan specials. Consider offering discount packages or deals for groups to join together during Iftar. Engage in discussions with regular diners of your restaurant and create enthusiasm regarding the readiness for this religious observance. Accommodate large groups Family and friends congregate in an assortment of numbers for Iftar during Ramadan. Make sure that your eatery has space to hold such gatherings by offering group deals or bookings. While creating a cozy, comfortable environment designed for community meals can enhance your customers’ overall dining experience. Train your staff Make sure your team is very well prepared to serve the unique needs of Ramadan. They should be familiar with cultural subtleties, knowledgeable about unusual food sales, and explain that quick but polite service is the priority. It is essential that every employee understands the value of this time and can create an amicable environment. Collaborate with local communities Boost local engagement by joining forces with neighborhood mosques, community hubs, or societies. Think about supporting communal happenings or teaming up with regional trendsetters to heighten your diner's prominence during Ramadan. Conclusion As a restaurateur gearing up for Ramadan 2024, it demands an insightful mix of respecting cultural diversity, embracing gastronomic imagination, and demonstrating entrepreneurial capacity. By tuning into the essence of Ramadan and fine-tuning your services to match distinct customer requirements during this sacred month can yield not only unforgettable dining moments but also cultivate enduring relationships in your community. The fasting period isn’t merely abstinence; restaurants too have a chance to add vibrancy by contributing joyousness and solidarity symbolic of this hallowed month. About eFunder If you are managing an enterprise and require financial support to boost your expansion .efforts, please do not hesitate to reach out to eFunder.ai by completing our inquiry form. We help businesses get access to funds that are essential for their business growth. Join us today: https://efunder.ai/get-started/
December 12, 2023
Restaurant Owner’s Guide to New Year Preparation
With the close of the year and New Year's Eve approaching, restaurant owners should prepare for one of the biggest events in the restaurant business – the New Year's feast. At the stroke of midnight, people will be looking for an appropriate eating place to usher in the new year with delicacies, good friends, and a jubilant mood. This manual will help your restaurant fully prepare to host a memorable New Year’s Eve party. With the closing days in the year remaining, the anticipation for the New Year starts getting exciting. Restaurant owners must prepare themselves for some of the most exciting events in hospitality, especially ones with a lot of revenue-generating potential. At midnight, people will seek an attractive place to start a New Year with nice food, company, and entertainment. Below is the detailed guideline that will prepare your restaurant for memorable New Year's Eve celebrations. Develop an alluring menu Create a compelling menu for New Year’s Eve to attract your customers. Create an element of sophistication by blending your renowned dishes with innovative creations. Consider offering tasting menus, wine pairings or theme-based cocktails. Get people excited about your menu by emphasizing it on your website and many social media accounts. Come up with an appealing cuisine for New Year which will attract their target customers. Mix your famous cuisines with new masterpieces that give elegance and grandeur to the event. Think of offering tasting menus, wine matches or thematic drinks. Make sure that you emphasize your menu on your website, as well as other social media channels to create some buzz beforehand. Arrange captivating entertainment You can upgrade all your New Year’s parties with live musical performances, professional DJs or just a real-time countdown. Invest in entertainment that is relevant to your target market and also set a good mood, generally. Such entertainment will attract people to prolong their stay and experience fullness in the festivities. Marketing and promotions Start your marketing and promotions early by undertaking full marketing of your New Year’s party on different platforms. Arouse expectations using social media, email marketing, and your restaurant’s official website. Interact with your customers and encourage them to book early. It’s time to take advantage of the prospects in Internet advertising for wider coverage. You can use Mailchimp to send marketing emails to potential or recurring customers, to let them know about the event so that they mark it in their calendars. On the other hand, you can also make creative posts from Canva to help you get attracted with influencer marketing as well. Offer exclusive packages Offer unique, specialized New Year’s packages with a specific target audience in mind. They include luxury dining, champagne toast, fun party favours, and a lot more. These options are exclusive and by providing them, you will boost the revenue of each client while at the same time making your patrons feel recognized. Effective staffing and scheduling Staffing is appropriate for the smooth running of services during this busy night. It is necessary to carefully prepare the schedule in advance and give additional training to employees to be able to cope with the increased load. It could also involve the use of temporary workers to fill in for any shortfalls and take care of more tasks. To help you do the same seamlessly you can utilize tools like Restaurant 365 or Zoomshift. Promoting safety and responsible Service Safety is of utmost importance during New Year's Eve festivities, as alcohol consumption tends to be prevalent. It is imperative to prioritize safety by ensuring that your staff is knowledgeable in responsible alcohol service. Additionally, it would be wise to explore transportation alternatives such as collaborating with local taxi services or ride-sharing companies. This will guarantee that your guests reach their homes safely. Efficient reservation system For a ticketed event to welcome the New Year at a dining hall, ensure you put your ticket reservation process in order such that it is simple and efficient. Inform your guests of what to expect, including the price, inclusions, and limits. You can effectively use Touchbistro or Lightspeed to take bookings in a seamless manner. Managing your Financing Monitor your financials as New Year can get very busy for restaurants both for your physical footfalls and for online sales as families spend quality time together through family dinners or with friends without the hassle of cooking. Seek out support from restaurant financing platforms like eFunder and create your account today to maintain your cash balance without any worries as you enter the New Year. Conclusion The organization of a perfect New Year’s Eve party is not merely a ceremony marking fresh beginnings. On the contrary, it entails constructing an outstanding experience that will be imprinted in the minds of customers and keep them coming back for decades. Taking care of thoughtful preparation with interesting decorations performing efficient market, security and goodwill will turn out to be a successful evening. This will be followed by the successful year to come. Start now, getting ready to amaze on an exuberant New Year’s Day at your restaurant. About eFunder.ai If you're managing an enterprise and require financial support to boost your expansion efforts, please do not hesitate to reach out to eFunder.ai by completing our inquiry form. We help a business get access to funds that are essential for their business growth.
September 22, 2023
Maximizing Revenue Vs Profits Vs Cashflows
Efficient management of revenue, profits, and cash flows in the business realm can be likened to a highly intricate financial choreography. It is incumbent upon entrepreneurs to comprehend the nuances, disparities, and recommended methods for handling these fundamental components. The purpose of this blog is to elucidate on the concepts of revenue, profits, and cash flows but before the same let us understand the basic nuances of the same. Understanding revenue Revenue can be viewed as the echoing sounds that reverberate throughout an enterprise. It represents the total accumulation of earnings generated by merchandise or services, hence a powerful monetary force that establishes the foundation for a synchronized performance. Nevertheless, it is important to note that revenue only reflects the inflow prior to expenses being acknowledged. Understanding profits Profits, as per standard business belief, are the remaining income derived by deducting all costs involved in the production process such as materials, salaries of employees, taxes and other miscellaneous expenses from the total revenue generated. A careful examination of this measure can offer significant understanding into your organization's distribution of resources and overall financial progress. Understanding cashflow Cash flows exhibit the transfer of funds into and out of your enterprise during a specified time frame. This encompasses revenue, expenses, financial investments, and loan reimbursements. Observing cash flows facilitates comprehension of your firm's solvency and capacity to manage financial responsibilities. Striking a balance between revenue, profits, and cash flow Achieving equilibrium among revenue, profits, and cash flows is imperative for businesses. Although augmenting revenue is a desirable objective, placing exclusive emphasis on the top line might result in disregarding expenses and impacting overall profitability. Similarly, reducing costs excessively could jeopardize the quality of products or services provided by the company. In addition, steady cash flows play a vital role in carrying out day-to-day operations and coping with unforeseen financial challenges. It is highly recommended to follow specific established protocols for your enterprise, to ensure success while striking the balance between revenue, profits, and cash flow, which are as follows: An essential step involves gaining a thorough understanding of the financial landscape through scrutinizing financial records, closely monitoring expenditures, and examining trends in cash flow on a regular basis. By undertaking this measure, you can ascertain that your business sustains its financial stability. It is advisable to formulate a comprehensive pricing plan that considers the interests of prospective clients, while also factoring in costs and ensuring lucrative profit margins. It would be prudent to remain flexible and receptive to modifying prices in response to shifting market trends. Effective cost control is an indispensable component that propels triumph in the domain of organizational management. To attain this objective, it becomes imperative to recognize the fundamental areas where expenditures can be minimized without jeopardizing the benchmarks of quality. This objective can be accomplished by implementing diverse tactics such as assessing alternatives for cutting costs, bargaining more favorable conditions with vendors, and maximizing resource utilization. Anticipate upcoming cash inflows and outflows through an analysis of previous financial records and evaluation of current industry patterns. Employing this approach enhances readiness for possible obstacles and encourages cautious judgment. Expertly handling working capital is a pivotal corporate tactic that can be achieved through various avenues, including enhancing inventory management, extending payment periods, and expediting the collection of receivables. Upholding fiscal equilibrium and augmenting profitability mandates meticulous monitoring of working capital. The achievement of financial stability is crucial for the survival of any business in the face of unexpected expenses or economic instability. Therefore, it is essential to establish a financial cushion that can be utilized during challenging times to ensure the sustainability of your enterprise. This short but informative guide has shed some light on cash flow, revenue, or profit. Whatever could be your business objective, you need to optimize your business strategies accordingly and work toward the success. About eFunder.ai eFunder.ai is dedicated to delivering digital financing solutions specifically designed to enhance and expand the operations of SMEs. Utilizing the latest in integrated technology, we ensure a smooth and user-friendly experience for our clients. At eFunder.ai, we prioritize transparency, offering platforms that are not only robust but also adaptable and scalable. For further insights into our advancements or to explore digital lending opportunities, reach out to us at sales@efunder.ai.
August 21, 2023
How Data Analytics and Transparency can Leverage Growth?
In the current age of digital advancement, enterprises that fall under the category of small and medium-sized businesses (SMBs) are exploring novel ways to grow their business and ensure its longevity. Business owners and entrepreneurs who aspire for sustainable expansion can rely on various inventive methodologies that utilize data analytics and transparency to revamp how businesses thrive, develop, and shape their future results. In this article, we will delve deeper into the aspect of how data analytics and transparency can leverage growth for various sorts of businesses. Understanding Data Analytics Data analytics is not merely a trendy term but a strategic methodology that endows enterprises with the ability to make well-informed decisions, refine operations and unveil concealed opportunities. Fundamentally, data analytics entails an organized analysis of unprocessed data to expose patterns, trends, and revelations that can facilitate strategic planning. It converts the act of decision-making into an empirical science thereby enabling businesses to react promptly and precisely to fluctuations in the market and customer conduct. The Types of Data That Foster Business Growth It is imperative for informed growth strategies that businesses utilize the copious amounts of data generated daily. Several essential types of data that facilitate business expansion are: Customer-behaviour data: Analysing customer behavior data can prove to be a beneficial factor in enhancing products and devising targeted marketing strategies. Understanding how customers engage with a business's offerings can provide valuable insights, which enable effective improvements and precise targeting efforts. Market trends data: Utilizing market trend information is imperative for businesses to adjust their offerings based on fluctuations in customer demand. This adaptability is necessary for sustaining the pertinence of your business. Operational Data: This type of data analytics is all about operational deficiencies that are streamlined in a business to attain better cost savings with optimum productivity. Financial data: Financial analytics holds immense value in guiding a business towards the allocation of budget to make prompt and prudent investment decisions while keeping in mind the potential risks of the same. Transparency and eFunder.ai: A transformative partnership By providing online sellers with real-time and transparent access to receivables data, eFunder establishes a mutually beneficial partnership that facilitates business expansion. Here are some of the reasons why eFunder.ai fosters transparency with data analytics: Trusted financing partner: As an esteemed financial institution, eFunder.ai has gained the recognition of a dependable financing partner that prioritizes transparency and informed decision-making. It has shown its commitment to different organizations by fostering long-lasting connections with clients. Paperless efficiency: eFunder's as a financial institution optimizes its operational efficiency with the implementation of paperless procedures and the incorporation of data analytics in its financial operations. Prompt onboarding: The eFunder.ai platform boasts a beneficial onboarding system that expeditiously facilitates a swift incorporation process. This well-organized system deducts all unnecessary bureaucratic procedures that allow businesses to promptly get on their journey toward expansion. Empowering business owners to scale with confidence Small business owners and individuals who undertake entrepreneurial ventures are frequently confronted with obstacles when it comes to sustaining steady progress. Nevertheless, eFunder.ai emerges as a significant strategic partnership by harnessing cutting-edge data analytics and transparent methodologies which enable the facilitation of expandable business operations. Instant cash: The expeditious provision of funds through same-day payments can provide prompt financial resources, addressing concerns regarding the availability of cash and maintaining operational stability. Consistent cash flow: Sustained liquidity is a vital necessity for enterprises to ensure stable cash flow and capitalize on expansion prospects without any hindrance. Such an objective can be accomplished by utilizing eFunder. Harnessing the power of data and transparency for growth The goal of eFunder.ai is based upon the convergence of transparency and data analytics to empower businesses. Through the provision of immediate access to cash and reliable cash flow linked with receivables, eFunder.ai aids growth-oriented initiatives by transforming challenges into opportunities. About eFunder eFunder.ai, an eminent digital financing platform exclusively committed to providing SMBs with quick access to funds and maintaining a stable cash flow by securing their receivables. The noteworthy factor behind eFunder's triumph is its impeccable integration of data analytics and transparency, two fundamental aspects that have the capability of bringing a revolution in how businesses expand and succeed in today's cut-throat environment. If you are an eCommerce business seeking financial support to boost your growth, we invite you to fill out our form and contact us at sales@efunder.ai. Know others who could benefit from our services? Refer them to us, and as a token of our gratitude, you'll receive an AED 500 bonus for each successful referral.
August 17, 2023
What are the requirements to get funding from eFunder.ai?
In the swiftly evolving domain of corporate finance, novel and inventive techniques are surfacing to support entrepreneurs in acquiring the financial backing they require to prosper. Amongst the notable players in this field is eFunder.ai. However, what are the key prerequisites for securing funding from this avant-garde platform? This piece delves into the essential criteria that enterprises must satisfy to gain access to funding from eFunder.ai, and analyses how this platform is remodeling the terrain of business financing. Getting to know eFunder.ai eFunder.ai has positioned itself as a pioneer in the intersection of finance and technology, leveraging data-backed analysis to facilitate prompt and effortless funding for enterprises. Such an approach diverges considerably from the traditional funding avenues since eFunder.ai places a premium on dispensing quick and hassle-free capital that facilitates business growth. Essential prerequisites for approval of funding Enterprises intending to obtain financial funding options from eFunder.ai are obliged to satisfy particular prerequisites that align with the platform's dedication to fostering expansion and mitigating hazards. The fundamental criteria which businesses must fulfill to secure funding from eFunder.ai are as follows: Company background: eFunder.ai provides monetary aid exclusively to companies that display robust and consistent performance in their online business activities for a period of three to six months, depending upon the nature of their customer base. This criterion ensures the continuous and dependable generation of online revenue by the company. Authorization: To carry out an exhaustive assessment of a company's financial condition, eFunder.ai requires authorization to retrieve pertinent data related to the purchasing networks that are being scrutinized for funding. This data aids in assessing the firm's credit standing as well as its ability to repay any borrowed funds. Early payment agreement: Businesses that meet the criteria must consent to the conditions set forth in eFunder.ai's Early Payment Agreement, which outlines the responsibilities and liabilities of all parties involved in the financing transaction. Digital banking account formation: It is expected that organizations establish a distinct digital banking account to accept present and upcoming payments from Internet-based platforms. This plan simplifies repayment efforts while ensuring the accurate allocation of funds. Security authentication: In order to improve security measures, eFunder.ai has instituted a mandatory security authentication procedure. The aim is to minimize potential risks associated with funding arrangements. KYC and AML requirements: As with all reputable financial institutions, eFunder.ai also necessitates Know Your Customer (KYC) and Anti-Money Laundering (AML) documentation be provided as evidence of business legitimacy and prevention against potential financial misconduct. The mandatory process involves items such as Trade Licenses, Tax Registration certificates, and identification proofs for relevant enterprises. It serves as an assurance of trustworthiness while guarding against any possible unlawful behavior. Benefits of eFunder.ai eFunder.ai with it brings various advantages that contribute to the growth of an organization, the following are some of the benefits it offers: The technology-driven approach of eFunder.ai expedites the approval as well as application process in a seamless manner making it easier for businesses to get funds quickly. There are various repayment options to choose for the repayment of the amount, these options are moreover adaptable to a business’s cash flow. This feature makes it manageable for businesses to return the money timely and also sustain themselves in the long run. eFunder.ai has a reliable cash flow system where businesses can invest in growing initiatives such as launching marketing campaigns, expanding operations, developing new products, etc. About eFunder.ai Securing funds with a secure process is every growing business’s dream and eFunder.ai with its prompt funding programs is providing an efficient and innovative solution to them in order to thrive in a competitive market. By leveraging the benefits of the platform businesses can unlock various possibilities of exponential growth and prosperity. We provide financial support to eCommerce and SME businesses aiming to accelerate growth. If this applies to you, please fill out our form to connect with us. If you know others who might find our services useful, feel free to refer them to us at sales@efunder.ai. For each successful referral, we'll thank you with an AED 500 bonus. Should you have any questions or need assistance, please feel free to contact us at any time. We're always available to provide you with the necessary information and support.
July 10, 2023
Freight Cost Recovery: Top Tips and Techniques for SMEs Success
Freight cost recovery can be defined as a method of recovering the costs incurred by a carrier or a shipper for transporting goods from one destination to another. For SMEs, freight cost recovery plays a significant role because the increased freight rates or prices are observed due to several factors such as fuel surcharges, security fees, congestion charges, demand fluctuations, and environmental regulations. It is possible for carriers and shippers to optimize operations and reduce their expenses by implementing effective freight cost recovery strategies and, therefore, ultimately increasing their profits. Some of the common freight cost recovery methods include negotiating contracts, auditing invoices, using technology, and outsourcing services. Nevertheless, here we present concrete tips and techniques for SEM’s success through freight cost recovery. Analyze your freight costs and drivers of expenses Freight costs are significant for many businesses that ship goods across different locations. However, not all freight costs are fixed or unavoidable. By analyzing your freight costs and identifying the main drivers of expenses, you can find ways to reduce them and save money. Some of the factors that affect freight costs are: The distance and destination of the shipment The weight and dimensions of the cargo The mode of transportation (air, sea, rail, or road) The fuel surcharges and taxes The service level and delivery time By collecting and analyzing data on these factors, you can identify the areas where you can optimize your freight costs. Negotiate better rates with your carriers Negotiation always works at any scale. There is no harm in searching for a couple of more freight service providers and getting quotations. You can then compare and negotiate the freight cost by stating others’ prices and services. This shall get you the best deal and a way for freight cost recovery. Consolidate your shipments One way to optimize your logistics and save on freight costs is to consolidate your shipments or use less-than-truckload (LTL) services. This means that you can combine multiple smaller shipments into one larger shipment, or share the truck space with other shippers who have similar destinations. By consolidating your shipments, you can bring down the number of trips and the amount of fuel needed which, in turn, results in less transportation costs and reduced carbon emissions. Optimize your packaging and loading Optimizing your packaging and loading can reduce freight costs by minimizing the space and weight of your cargo. This can lower the fuel consumption and emissions of the transport vehicle and the number of trips required to deliver the goods. A more efficient packaging and loading strategy can also improve the safety and quality of your cargo, reducing the risk of damage or loss. Choose the most suitable mode of transportation Choosing the most suitable mode of transportation for each shipment based on the urgency and value of the goods can reduce freight costs by optimizing the trade-off between speed and expense. It is worth noting that different modes of transportation possess pros and cons in the form of costs, capacity, reliability, and environmental impact. Shippers can save money and improve customer satisfaction by selecting the best mode for each shipment. Plan ahead and avoid rush orders One of the best ways to reduce freight costs is to plan ahead and avoid rush orders or expedited services that incur higher fees. Planning ahead allows you to optimize shipping routes, consolidate shipments, and negotiate better rates with your carriers. You can also avoid paying extra for urgent deliveries, fuel surcharges, and other unexpected expenses. Planning ahead can help you save time, money, and resources in your freight operations. Reduce freight costs, earn more profit Reducing freight costs is a surefire way to shoot your SME’s profits. Freight costs take a major chunk of your overall budget, but then you can save money on each shipment by reducing the above-mentioned techniques and increasing your profit margin. About eFunder.ai Are you a restaurant looking for financing to accelerate your growth? Reach out to us by filling out the form. You can also refer someone who might need our services and avail of AED 500 as a referral bonus.
June 8, 2023
Serving Up Growth: Combining AI and Social Media Strategies for Your Online Restaurant
The online restaurant business is a fast-growing and competitive industry that requires constant innovation and adaptation to meet customer expectations and preferences. It is not an exaggeration to say that AI is a driving force in today’s competitive world. While the technology has penetrated almost all industries and sectors, online restaurant businesses have not failed to leverage its benefits. AI for online restaurants – the need of the hour Artificial intelligence (AI) is transforming most businesses, and online restaurants are no exception. Restaurateurs can use AI to optimize their online digital menus, prices, and delivery routes; additionally, the same technology is also used for improving customer service and building reasonable marketing strategies. AI can also enable online restaurants to offer personalized feedback, recommendations, and loyalty programs. Restaurant owners can also reduce food waste by predicting demand and regulating supply accordingly. There are tools to improve the efficiency and productivity of online staff using certain software, it is now possible to automate repetitive tasks and provide insights and guidance. AI can aid various aspects across restaurant businesses, such as: Menu design and optimization AI can analyze customer data, such as order history, feedback, ratings, and preferences, to create personalized and dynamic menus that suit different tastes, occasions, and dietary requirements. Artificial Intelligence can also optimize the menu layout, pricing, and promotions to maximize customer satisfaction and revenue. Customer service and engagement AI can enhance customer service and engagement by providing chatbots, voice assistants, and virtual agents that can answer queries, provide recommendations, take orders, and handle complaints. The advanced technology uses natural language processing and sentiment analysis to understand customer emotions and tailor communication accordingly. Delivery and logistics AI-enabled tools can optimize delivery and logistics by using machine learning and computer vision to predict demand, plan routes, track orders, and monitor traffic conditions. Recently, local governments are also approving the use of drones and autonomous vehicles to deliver food faster and more safely. Kitchen management and operations AI can improve kitchen management and operations by using sensors, cameras, and robots to monitor inventory, food quality, hygiene, and safety. Various tools are available to utilize data analytics and produce a foolproof estimation and forecast to optimize food production and thus reduce food spoilage/waste. Marketing experts use the latest technology for online restaurant businesses to gain a competitive edge by producing and managing food dishes in exact quantities for specific demands; nevertheless, online restaurant businesses need to ensure that their use of AI technology is ethical, accountable, and aligned with their values and mission. Legal and regulatory compliance Another concern addressed through AI in the restaurant business is handling legal and regulatory challenges which include data protection, taxation, liability, intellectual property rights, and labor laws. Restaurant businesses need to comply with the specific laws and regulations set by authorized bodies in their jurisdiction and market. The role of AI in building social media strategies Various features of Artificial Intelligence can help restaurant businesses create personalized content, monitor patrons’ feedback, optimize advertisement drives, and get influencers on board. Here are some of the benefits of using AI in social media strategies for online restaurant businesses: Personalized content: Artificial Intelligence can analyze customer preferences, behavior, and sentiment to generate relevant and engaging content for different segments of the audience. For example, AI can create captions, hashtags, images, and videos that match the tone and style of the brand and the target customers. For instance, Flick's AI Social Media Assistant is a marketing tool to brainstorm and write planning processes for social media. You can build original and engaging content by simply suggesting topics of your choice. Customer feedback: AI tools help online restaurant businesses to track and respond to customer feedback on social media platforms. With the use of NLP (natural language processing) and behavior analysis, AI tools can understand the moods of patrons and make a foolproof business strategy to implement in the coming times. Restaurant owners, with AI, can provide automated responses or suggestions to address customer queries or complaints instantly. Advertisement drives: Using AI-backed strategies, restaurateurs can boost their online restaurant businesses by optimizing their ad campaigns on social media platforms. Various tools are available to provide the best plan carried out based on customer data, behavior patterns, feedback, and market trends. Several formats of ads can be generated through AI tools, and with a creative and strategic approach, ad drives are made more effective and fruitful; say, for example, Locobuzz enables you to have foolproof analytics with advanced sentiment analysis and insight-reporting tool to craft a user-centric social media campaign of all kinds. About eFunder.ai Are you a restaurant looking for financing to accelerate your growth? Reach out to us by filling out the form. You can also refer someone who might need our services and avail of AED 500 as a referral bonus.
January 17, 2023
Kicking off the new year with a bang
Like any new year, we all begin with the best of intentions, but the success or failure of our resolutions frequently depends on how far we take them. There is no better time than the present to set goals for the upcoming year if we want to succeed both personally and professionally. We envision what we can accomplish when we take certain actions while setting goals. Visualizing what might happen if we don’t set goal, is another good motivation. Want to bring in the new year in style? The need is to create a solid financial plan for 2023 Let's create a brief strategy for a prosperous 2023 as the year comes to a closure. In accordance with James Clear's well-known adage, "Systems are better for making progress; goals are ideal for determining a direction," let's build some robust systems that will assist you in saving, investing, and bringing you closer to financial freedom. Examine your resources and liabilities. Analyze your funds, bank records, and other financial assets to determine where you stand financially right now. Recognize how much you'll require in the upcoming year to be risk-, debt-, or financially-free. Set sensible objectives. A framework of constructive actions that can result in improved finances in the upcoming year can be created by setting a realistic goal for 2023. For instance, create a long-term investing strategy, obtain insurance etc. Set up a budget. Even though creating a budget can seem overly simple at times but people often struggle to stick to it. Here is a quick and easy technique to deal with your budget: Observe the 50/30/20 principle. You must spend 50% of your income on necessities, 30% on optional wants, and 20% on savings. The easiest approach to guarantee that you save 20% of your salary is to set it aside before paying your bills. Consider Inflation into account Planning for your investments is crucial if you earn money from several different sources. Consider inflation as most of the ROIs on paper are not inflation adjusted. To assist you in anticipating your taxes, speak with a financial advisor. Establish an emergency fund. Saving for emergencies need not involve making catastrophic plans. For example, a modest amount set aside each month could be used for home maintenance, or the same sum could be saved for an unplanned vacation in case of family events. These accounts frequently give you a break without requiring you to draw from your resources. Create an automatic savings plan You can save and invest by taking a monthly deduction from your income. These automatic withdrawals could be for savings accounts, insurance, emergency cash, etc. Review your insurance policy. You must include insurance for you and your family in your 2023 financial planning. If you don't already have insurance, get it in the upcoming year. In the event of accidents, diseases, pregnancies, crises, etc., this will cover medical costs as well as any other significant expenditures. Invest now Long-term returns on investments in reputable financial products might be favorable choice. Such a method not only guarantees sound savings in the future but also gives adequate time to plan for long-term goals like exotic vacations, home buying, etc. later in life. Pay off your debts to improve your credit score. In the upcoming year, make an effort to pay off your credit card debt. If you have credit card debt, try paying it off in full by 2023 to improve your credit rating. A thumb rule for debt repayment is to try to pay a little bit extra each time so that your loan's or debt's entire duration is shortened significantly over time. About eFunder.ai eFunder.ai aims to provide digital financing solutions that are tailored to grow and scale the businesses for SMEs. It offers latest integrated technology to provide a seamless, hassle-free interface to the customers. E funder offers absolute transparency across all their platforms which are robust, flexible and scalable. To learn more about prudent financial planning, how to boost your business goals with E funder’s uniquely crafted funding solutions and to experience financial freedom through an unrivalled cash flow funding solution, write to us at sales@efunder.ai. I hope the preceding advice will be useful to you in 2023 as you lay a solid financial foundation. Wish you all have a wonderful new year filled with health, happiness, and financial independence.
October 6, 2022
How eFunder.ai is Empowering Marketplace Sellers To Take Their Business To The Next Level
While online purchasing has been growing steadily for years, the pandemic drove more customers and businesses online for all types of transactions. This quick transformation has had an immediate impact on customer behaviour, producing a desire for ease, personalisation, choice and convenience while shopping online. E-marketplaces have been expanding to target audiences that include B2B buyers as possible customers as B2B e-commerce grows and seeks to duplicate B2C online store purchasing experiences for its clients. However, cash flow disruptions, working capital challenges and increased liabilities often pose a significant issue for marketplace sellers. Whether you have been experiencing a decline in sales, encountering supply-chain complications or contemplating seizing a new market opportunity, a business needs to have a sufficient working capital to drive growth. Cash Flow Challenges Although eCommerce firms and sellers who use these platforms have significantly lower overhead than brick-and-mortar stores, cash flow issues continue to be a major concern for the industry. According to Quickbooks' 'The State of Small Business Cash Flow' study in 2019, cash flow is a global issue, and 61% of organisations worldwide struggle with cash flow on a constant basis. This is partly because of the existing system where many eCommerce marketplaces do not immediately release sales to their sellers, resulting in huge gaps between the amount of money on your balance sheet and the liquid cash you need to pay your day-to-day expenses. A consistent cash flow is essential to the growth and success of any business; without it, you wouldn't be able to acquire inventory, make payroll, or take advantage of a last-minute discount on a new product. Profit will follow after your cash flow is in order, allowing you to expand your market reach. Fortunately, there are an increasing number of fair and flexible options to repair the cash flow gap and get your organisation back on pace to generate profits. What to Look for When Choosing a Financing Solution for Your Business The first and most significant criterion when selecting a working capital provider is that they serve eCommerce consumers. A provider who comprehends the online selling experience will almost certainly provide: Various funding options to meet your company's requirements Options for flexible repayment An easy and convenient onboarding process eCommerce is constantly changing. A good finance source will be able to stay up with the changing eCommerce ecosystem and alter its funding offerings accordingly. As an eCommerce business or online marketplace seller, you may be experiencing difficulties with managing your daily operational costs. It's time to use eFunder's financing solutions for marketplace sellers to help you stay on top of your business goals. Converting your company's receivables into working capital financing with eFunder.ai provides you with fast cash and continuous cash flows to meet your expenses and drive your growth objectives. Grow Your Business With eFunder.ai At eFunder.ai, we provide marketplace sellers with daily advances or working capital advances to support them with the ever-changing eCommerce industry and adapt their finance alternatives accordingly. Designed to take care of your working capital and short-term funding needs, eFunder's financing solutions will give you instant access to almost 95% of your future receivables. Offers are also settled gradually from future market payments, ensuring you have enough funds to cover your day-to-day running expenditures as you scale your business. eFunder.ai makes it easy and simple for online marketplace sellers to manage their financial operations efficiently. Our safe and secure digital finance platform helps accelerate your business growth and allows you to reach your full potential by giving you complete control over your receivables: Full transparency is assured as there are no hidden fees. Marketplace sellers can review the pricing and payment details when registering their accounts and at each withdrawal. Once onboarded, Businesses can receive the funding in less than 24 hours. Get substantial advance as eFunder.ai funds your company up to 95% of its estimated receivables, allowing you to maximise your advance payment. We offer digital finance options to small and medium-sized businesses (SMEs) across all active sectors in digital procurement ecosystems. We do offer loans that require excessive documentation or charge you outrageous interest rates that is inconsistent with your business performance. There is no room for confusion regarding our processing fees, terms and conditions, or payment structures, as they are presented straightforwardly right from the start. You will have hassle-free access to a consistent cash flow with our working capital solutions, allowing you to attain your business goals.
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