It will cost you more for features you might expect to be standard (reservations, customer loyalty, and online ordering to name a few) which can run up your monthly bill. There are fewer integrations available which is a blessing for easily-overwhelmed new business owners but a curse for quickly growing restaurants.

If your business only takes cash and runs on a small scale, you can probably get away with a traditional cash register or cash box. But with the prevalence of card/contactless payments, we would still recommend a basic card reader and POS system.

Many kinds of businesses fall under the “food service” umbrella, including full-service restaurants, quick-service establishments, bars, and food trucks (or other mobile food operations). Some of these benefits will be better suited to one kind of eatery than another.

Every payment processor you research will have some form of fee you have to pay for every successful transaction. The best POS systems for small businesses offer reasonable flat-rate charges or interchange-plus fees. Small businesses will benefit from flat-rate payment processing, while high-volume businesses should consider interchange-plus processing for the best rates.

When applying for a loan, a potential lender is going to consider both your credit report and credit score, so it’s extremely important that you know your credit report and score beforehand.

It’s worth noting one more key difference between credit reports and credit scores. Credit bureaus are legally obligated to give you a free credit report once a year, whereas there is no law requiring them to provide a credit score. This means you’ll have to pay a fee to access your credit score through one of the “big three.”

GoDaddy POS is a great option for businesses just getting off the ground or looking to add eCommerce/marketplace sales to their revenue. The pricing of GoDaddy POS is difficult to understand and even harder to get a clear answer on, so make sure you read your merchant agreement and any other legal documents thoroughly before you decide to sign any contracts.

While you’re actively driving or delivering, you’re working for what’s known as a Transportation Network Company (i.e., Uber, Lyft, Doordash, Instacart, and so on). Your TNC is required in most cases to provide insurance coverage. While you’re waiting for a job and in between jobs, you need personal auto insurance for your car. But making deliveries or offering rideshares may invalidate your coverage.

An ERC loan is an advanced payment for your pending ERC refund. If your business can’t wait 12+ months for a check from the IRS, an ERC loan can help.

ERC refund, ERC loan, ERC grant. What’s the difference? Which one is right? How do you apply? We’ll walk you through the basics of the Employee Retention Credit (ERC) and how you can take advantage of this unique tax credit.