Revolutionizing Bar & Restaurant Funding: Ross Chanowski on Crowdfunding for Hospitality Financial Resilience

The Bar Business Podcast: Smart Hospitality & Marketing Secrets For Bar & Pub Owners

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Learn about different types and forms of bar financing with Ross Chanowski, the founder of NuMarket. Ross passionately shares his journey into social entrepreneurship and the profound impact small, community-focused businesses can have on their local areas. His insights reveal how NuMarket is providing a lifeline to bars, restaurants, and coffee shops, enabling them to secure the necessary funding to thrive and become financial pillars in their communities.
Facing funding issues in your small business? You're not alone. We tackle the inherent challenges of securing traditional loans, from high interest rates to overwhelming paperwork, especially in rural areas. Through personal stories and real-life examples, we uncover the emotional and psychological toll financial struggles take on business owners. Ross also sheds light on the importance of understanding regulations and information on different funding sources.
Explore the innovative concept of credits-based crowdfunding, a game-changer for local businesses. Learn how offering credits to supporters can ensure a loyal customer base while boosting financial health. Hear about successful crowdfunding campaigns and the importance of authenticity and community engagement. This episode is packed with practical advice and potential solutions to help small businesses not just survive but flourish through collaboration, proper setup, and mutual value models. Tune in to see how fostering community ties can lead to significant growth and sustainability in the hospitality industry.
Contact Ross:
NuMarket
[e-mail]

Learn More:
The Bar Business Podcast Website
Schedule a Strategy Session
Chris' Book 'How to Make Top-Shelf Profits in the Bar Business'
Bar Business Nation Facebook Group
Thank you to our show sponsors, SpotOn and Starfish. SpotOn's modern, cloud-based POS system allows bars to increase team productivity and provides the reporting you need to make smart financial decisions. Starfish works with your bookkeeping software using AI to help you make data-driven decisions and maximize your profits while giving you benchmarking data to understand how you compare to the industry at large.
**We are a SpotOn affiliate and earn commissions from the link above.
A podcast for bar, pub, tavern, nightclub, and restaurant owners, managers, and hospitality professionals, covering essential topics like bar inventory, marketing strategies, restaurant financials, and hospitality profits to help increase bar profits and overall success in the hospitality industry.

فصول

1. Impact of Social Entrepreneurship in Hospitality (00:00:00)

2. Challenges in Small Business Funding (00:09:58)

3. Navigating Small Business Funding Regulations (00:18:34)

4. Community Crowdfunding for Local Businesses (00:28:04)

5. Building Community Through Crowdfunding (00:38:41)

6. Small Business Profitability and Collaboration (00:46:32)