Izettle

MARCH 11, 2021

Inventory management is a way for business owners to track the products or goods that they’re going to sell – from sourcing raw materials to storing and selling items in a store. Why is inventory management important? Reliable inventory management can be one of the most valuable assets for a small business.

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Inventory Management Management Point of Sale 52

Restaurant365

AUGUST 21, 2020

Unfortunately, even small mistakes in payroll and HR can be costly for business owners. Learning the basics of restaurant HR and payroll can help you prepare a plan that works for your business. The faster your new hires are up to speed, the faster they can be engaged in your business and supporting your team.

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Blog Restaurant Law Recruiting Employee Relations 78

Izettle

NOVEMBER 15, 2021

More people than ever are shopping online, which means business owners everywhere are scrambling to keep up. But as any small business owner knows, adding new e-commerce channels also means adding new challenges to your day to day – and they usually revolve around inventory. Your inventory is a living thing.

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Inventory Management Management Point of Sale 52

7 Shifts

APRIL 3, 2020

Comparing 7shifts’ internal data of 10,000+ restaurants, restaurants are seeing an average weekly decrease in sales of 50% across the board in North America. So here’s the question a lot of restaurateurs are asking: how do you start drastically cutting expenses to give your business the best chance of recovery?

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BOH POS Influencer Point of Sale 368

Restaurant365

MARCH 10, 2022

With food costs running at approximately 30% or higher, learning importance of inventory management and how to prevent common mistakes is critical in successfully driving down costs and maximizing profits. First, let’s break down the two types of inventory costing, Actual and Theoretical. Theoretical Variance. Actual Food Cost (COGS).

Inventory 78

Inventory Management Management Merchandise 78

Clover - Restaurants

APRIL 23, 2024

An existing restaurant also has an established cash flow, as well as a system in place for managing inventory, staffing, and running the kitchen. You’ll need to carefully analyze the financials and reasons behind any decline in sales or profitability. Why is the restaurant being sold, to begin with?

Point of Sale 52

Point of Sale Cash Management Franchise Franchising 52

Restaurant365

MAY 26, 2020

However, as the restaurant industry and your business move to a new normal, returning to tracking and controlling costs is more important than ever. Your restaurant’s prime cost is made up of the products and the people that you need to keep your restaurant in business. Restaurant prime cost overview. Prime Cost Formula Review.

Point of Sale 148

Point of Sale Employee Relations Inventory Waste 148

Sling

APRIL 27, 2023

Restaurant operations management is essential for the long-term health of your business. It’s like working on the business rather than in the business and, done well, may help you move your operation to new levels of success. Table of contents What is restaurant operations management?

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Operations Management Management Inventory 78

Izettle

OCTOBER 27, 2021

The Zettle Terminal puts a store kit in the palm of small business owners’ hands, helping them manage sales, inventory, reporting and payments in one place. Featuring a sleek touchscreen, this all-in-one mobile point of sale system is easy to setup and use, offering small businesses simplicity and efficiency.

Point of Sale 52

Point of Sale Small Business 2022 Customer Service 52

Izettle

OCTOBER 27, 2021

The Zettle Terminal puts a store kit in the palm of small business owners’ hands, helping them manage sales, inventory, reporting and payments in one place. Featuring a sleek touchscreen, this all-in-one mobile point of sale system is easy to setup and use, offering small businesses simplicity and efficiency.

Point of Sale 52

Point of Sale Small Business 2022 Customer Service 52

Restaurant365

FEBRUARY 6, 2020

Restaurant bookkeeping involves financial and accounting practices that track your business’ detailed costs and revenue. With organized financial practices and relevant, sophisticated reporting, bookkeeping can help you create a strong foundation for your business decisions. Step 1: Record Sales Through Your POS Daily.

Point of Sale 138

Point of Sale Inventory POS Cash Management 138

BNG Point of Sale

SEPTEMBER 2, 2021

Restaurant owners need to know how much things cost so they can be sure their business is profitable. This blog post will go over the typical restaurant overhead costs and expenses, including rent, utilities, labor wages for employees, licenses and permits, food cost percentages, and more. What Are Overhead Costs And Expenses? .

Employee Relations 52

Employee Relations License Point of Sale Food Supply 52

Restaurant365

DECEMBER 11, 2020

The events of this year made running a lean, streamlined restaurant business a necessity to survive the many shifts. As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. The year 2020 prompted enormous changes in the restaurant industry.

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2021 Cash Management Management Management 136

Restaurant365

DECEMBER 20, 2021

For instance, by leveraging restaurant-specific software that integrates with your point of sale (POS) system, you can ensure all managers and above have access to robust data about sales, labor, and food costs. Prime cost is determined by a few small decisions that are made at the store level daily.

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Operations Leadership Point of Sale Cash Management 78

Izettle

FEBRUARY 25, 2021

But behind the acronyms lie incredible solutions to help you manage your business and increase your sales. If you’re looking for a safe, all-in-one system that supports all payment types, and helps you manage your business – you’ll want to know what an EPOS system is. EPOS stands for “Electronic Point of Sale”.

Cash Management 52

Cash Management Point of Sale POS Customer Service 52

Izettle

FEBRUARY 25, 2021

But behind the acronyms lie incredible solutions to help you manage your business and increase your sales. If you’re looking for a safe, all-in-one system that supports all payment types, and helps you manage your business – you’ll want to know what an EPOS system is. EPOS stands for “Electronic Point of Sale”.

Cash Management 52

Cash Management Point of Sale POS Mobile Ordering 52

Restaurant365

JULY 29, 2021

Business in the restaurant industry is once again starting to look brighter. Every industry learned last year that unpredictable external events can turn your business upside down. With social distancing, changes in consumer behavior, and other swift changes, the COVID-19 pandemic quickly upended many restaurant business models.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Restaurant365

DECEMBER 4, 2020

Some restaurants were forced to pivot quickly to off-premise channels to deal with local business restrictions, changing menus toward a delivery focus. Other restaurants had to shift operations to a limited-capacity model, adjusting labor and food costs to match new sales levels. Adjusting to government-imposed business restrictions.

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2021 Operations Mobile Ordering Social Media 78

Open for Business

NOVEMBER 21, 2022

Others need an all-in-one platform that helps with every area of the hospitality business. It can take a lot of mistakes, miscommunications, data entry, and drudgery out of running a small business. This tool helps you manage a restaurant’s inventory, ordering, and invoicing on the go. Agorapulse.

Food Safety 78

Food Safety Email Marketing Mobile Ordering Website Management 78

Restaurant365

JUNE 4, 2021

Of course, there are small changes you can make in the short-term to benefit operations. Essentially, improving your restaurant profit margin relies on two things: your sales volume and your expenses. You can achieve a better sales margin by increasing sales revenue and decreasing expenses. Increase sales volume.

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Loyalty Program Point of Sale Inventory Customer Service 78

Restaurant365

APRIL 4, 2022

Businesses in most industries spend about 6% to 7% of annual sales on various technology to help make them better at what they do. Today, the industry, Smith said, spends anywhere from one to one-and-a-half percentage points more than it did on technology a decade ago. The State of Sales, Staffing, and Food Costs.

Point of Sale 78

Point of Sale Technology Customer Experience Mobile Ordering 78

Restaurant365

APRIL 1, 2020

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. Your total cash inflow includes sales from customers, as well as any money from your financing sources or cash made from selling assets.

Cash Management 98

Cash Management Management Management Point of Sale 98

Restaurant365

OCTOBER 23, 2019

While many restaurant owners focus on increasing total sales, in order to add to your bottom line, you also need to focus on decreasing costs. Prime cost includes the products and the people that keep your restaurant in business. Say you want to calculate your restaurant’s prime cost for one week of business.

Point of Sale 74

Point of Sale Inventory Employee Relations Insurance 74

Restaurant365

NOVEMBER 19, 2019

With nearly half of the United States imposing higher minimum wages starting in 2020, restaurants also need to focus on optimizing labor costs (especially as a percentage of sales). By integrating POS system with an accounting and scheduling platform, labor and sales data can be used for smart forecasting. Finding and training staff.

Operations 92

Operations 2020 Mobile Ordering Social Media 92

Restaurant365

AUGUST 12, 2021

For 21st-century companies, data is a powerful tool that can help improve nearly every area of business. And while these tools are certainly useful, creating a successful, data-driven business isn’t just about having the data. They’re leveraging data as an asset, facilitating and championing business decisions based on data.

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Leadership Inventory Hiring Point of Sale 78

Hot Schedules

MARCH 29, 2021

Where Business Meets Technology. For only a short span of time, he now has the experience and the expertise to point out his personal learnings along the way of progressing as a Product Owner. Assen Kapitanov on His Journey as a Product Owner at Fourth. Assen has been a Product Owner at Fourth for the past two years.

Technology 148

Technology Insurance Healthcare Recruiting 148

Ordyx

JUNE 19, 2019

Every business has its own needs, but one thing is for sure: technology is always there to help. This feature will allow you to add more cameras if you need to as your business expands. Restaurant Point-of-Sale System A restaurant needs a more complex point-of-sale system compared to that required by the typical retail store.

Technology 52

Technology Point of Sale POS Employee Relations 52

ChefMod

OCTOBER 20, 2021

While the catering industry is on the mend, it’s essential that you ready and steady your business for the coming year. Here are some bulletproof ways to streamline operations in a catering business to cope with changing market dynamics. If a customer cancels, your system can automatically update and adjust the inventory amount.

Catering 52

Catering 2022 Pricing Food Supply 52

Restaurant365

AUGUST 19, 2020

Unfortunately, even small mistakes in payroll and HR can be costly for business owners. Learning the basics of restaurant HR and payroll can help you prepare a plan that works for your business. The faster your new hires are up to speed, the faster they can be engaged in your business and supporting your team.

Restaurant Law 131

Restaurant Law Recruiting Employee Relations Food Safety 131

Restaurant365

JULY 8, 2021

Restaurants had to change business models, pivoting to a larger focus on takeout food and food delivery. But while off-premise demand has grown, in-person sales are coming back as more regions open up again. Dining room closures or capacity restrictions drove restaurants to increase their sales through off-premise channels.

Point of Sale 78

Point of Sale FOH Fine Dining Online Ordering 78

Restaurant365

APRIL 8, 2021

The possibilities for a successful restaurant business model have evolved. If you’re considering the idea of a virtual kitchen for your restaurant group, you need to understand the details of the business model. Some spaces are built specifically for ghost kitchens, with appliances or tools that are ready for a business to rent.

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Front of House Food Truck Kitchen Safety Point of Sale 78

Apicbase

APRIL 14, 2023

The first few weeks of using new software are intense for any business. In this blog post, I’ll discuss how the process works. If you run dozens of restaurants, it can feel downright overwhelming. That is why we have developed an onboarding and support process that helps your company get the most out of Apicbase as quickly as possible.

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Inventory Technology Communication Take-out 52

Restaurant365

JANUARY 4, 2022

Restaurant inventory management plays a key role in overcoming the rising cost of food. As the rising food cost trend continues, it’s time to tighten your inventory control. Automate manual restaurant inventory processes. Your team must still take manual inventory by hand to account for spoilage, improper portioning, and waste.

Inventory 15

Inventory Management Management Food 15

Restaurant365

SEPTEMBER 22, 2020

New technology tools in the restaurant industry present new opportunities for businesses to streamline operations. How can you protect your business, your customers, and your data while adopting new technology? However, it’s critical to maintaining a successful business and trustworthy reputation.

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POS Point of Sale 2006 Technology 78

Bingage

NOVEMBER 18, 2019

It often happens parents are busy taking care of their child and do not enjoy completely, one thing you can do is make a side platform for kids offering fun and entertainment activities for kids. So 2019 is coming to a close, people must be started planning for the evening. Simple Restaurant Promotional Ideas for the New Year – 1.

Loyalty Program 81

Loyalty Program Social Media Email Marketing Advertising 81

Notch

JANUARY 23, 2019

It's not only your business and your livelihood— it's also your dream. Fortunately, driving more restaurant sales isn't particularly difficult. In fact, the basic formula for more profits is universal, regardless of the business you're in. The key is to reduce your costs and increase your sales. So, why do it?

Email Marketing 72

Email Marketing Merchandise Website Management Point of Sale 72

Notch

JANUARY 23, 2019

It's not only your business and your livelihood— it's also your dream. Fortunately, driving more restaurant sales isn't particularly difficult. In fact, the basic formula for more profits is universal, regardless of the business you're in. The key is to reduce your costs and increase your sales. So, why do it?

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52