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How to Manage Cash Flow During Restaurant Restrictions

Restaurant365

Tracking and understanding your restaurant’s cash flow is essential, whether business is booming, or times are tough. A healthy, positive cash flow is necessary to pay your bills and grow sales. Monitoring your cash flow is more important than ever during the COVID-19 outbreak. How to calculate restaurant cash flow.

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IN CHALLENGING TIMES DON’T MAKE CLASSIC BUSINESS MISTAKES REMEMBER THE TOP ELEVEN

Culinary Cues

HOSPITALITY FIRST. How do you make it come alive with hospitality? As owners, managers, and chefs – regardless of the hours that you invested in the job in the past, this is not the time to back off – this is the time to be even more present. Don’t just sit there – do something unique and filled with excitement. BE PRESENT.

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Podcast 6: How to Be a Successful Cafe, Restaurant or Foodservice Consultant

Ken Burgin

Many chefs, managers and business owners have built up years of experience running kitchens and restaurants. In this podcast, Ken Burgin talks to Shaun de Vries from Open Pantry Consulting , about how he’s developed his very successful consulting business, including the excellent Principle of Hospitality Podcast.

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Top Five Supply Chain Management Tips

Hot Schedules

Top Five Supply Chain Management Tips. . S uppliers in the hospitality industry have been adversely impacted by the pandemic, with reports of revenues of less than 10% of 2019 levels during the first lockdown. Top Five Supply Chain Management Tips. Finance will be pleased with fewer invoices to process! Supplier Compliance.

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How to Open a Bar – 6 Expert Tips to Starting Your Own Bar

Harbor Touch

This blog post will give you some valuable tips on how to open a bar that will keep people coming back for more. Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. This can be a very lucrative business venture, but it is essential to do your research first.

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Financial and Operational Implications of Moving to Restaurant Delivery/Takeout Only During COVID-19 Outbreak

Restaurant365

Expanding “off-premise” insurance coverage. Start with the following: Revisit your insurance policy. Your first step will be to call your insurance provider and inquire about on-premise versus off-premise coverage. Depending on your specific situation, expanding your insurance can add up very quickly.

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Mastering Restaurant Metrics: Your Comprehensive Guide to Business Success 

Apicbase

In practice, however, successfully managing a group of busy restaurants is an awfully tough undertaking. The metrics and calculations in this list will help you bring order to the chaos and manage the performance of each unit in the chain. In theory, it sounds easy. Why Are Metrics Important? That said, let’s dig in.