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OUR DAILY BREATH: CHEFS AND RESTAURATEURS – DON’T WASTE THIS TIME

Culinary Cues

The only adjustment that can be made is the heartbreaking decision to furlough employees or consider permanent closure of operations. Our first job is certainly to protect ourselves and our families, to stop the spread of the virus in every way within our individual power, but time wasted now will come back to bite us in the near future.

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Compare: Digital Tip Payouts vs. Cash Tip Payouts in Restaurants

7 Shifts

Restaurant transactions have been moving away from cash and towards electronic forms of payment for years—and that's extending to tips now too. Americans who leave their tips digitally tip nearly 15% more than when they tip with cash. However, more digital tips means less cash passing through the restaurant on a daily basis.

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Expanding Your Business? Seven Tips to Improve Cash Flow to Fund a New Location

Modern Restaurant Management

While most restaurant operators will seek outside funding to get the second location running, it still takes time for a unit to become profitable once the doors open. It is important to consider if the first location has the cash flow to help financially carry the second location for a period of time if needed.

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Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

Managing a restaurant is not for the faint-hearted. Your restaurant expenses may vary depending on various factors, such as the equipment you use, your business location, the size of your operation, and whether you own or rent your commercial space. This can reduce your budget for ingredients and, at the same time, minimize food waste.

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Building a Resilient Restaurant: A Guide to Scaling a Food Concept in 2024

Modern Restaurant Management

Whether founders need funding for geographical expansion, marketing or operational enhancements, presenting a compelling case to potential investors is required. rent) and (v) cash-on-cash return / payback – how long and at what rate will investment in a specific location be returned.

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A CPA’s Insight on Top Issues Restaurant Owners Face

Modern Restaurant Management

For restaurant owners, there are a number of issues in their workplace keeping them up at night and hindering them from successfully managing and operating their restaurant efficiently. Money and Inventory Management The profitability of a restaurant depends on the careful management of cash flow.

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Everything to Know About Restaurant Management Systems

7 Shifts

Restaurant management systems have evolved rapidly over the past couple of decades. And the backend software powering restaurant operations? Table of Contents What is a restaurant management system? How does a restaurant management system work? How does a restaurant management system work?