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Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

Managing a restaurant is not for the faint-hearted. The restaurant business is one of the most competitive industries, and this shows in the fact that only 20% of restaurants succeed in the market. Your stiff competition requires innovative thinking and aggressive growth strategies to stay on top. In this industry, one of the worst-case scenarios is running out of money.

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Boosting Profits One Sip at a Time: The Power of Specialty Beverages

Modern Restaurant Management

What do today’s restaurant operators need to manage the challenging sales environment? A break. Specifically, a coffee break. More specifically, a specialty beverage break. That is, according to Revenue Management Solutions (RMS) recent survey, Tapping into Specialty Beverages to Maximize Restaurant Sales , which suggests that the coffee (or boba or smoothie or soda) break is a growing trend— and one that could significantly boost your restaurant’s revenue.

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WHAT WOULD ESCOFFIER SAY

Culinary Cues

It’s been 89 years since Escoffier stood in front of a range for the last time, yet his presence is still felt by professional cooks and chefs. One could claim, and rightfully so, that he had the greatest influence on the profession and that the chefs’ job was elevated to new levels because of Escoffier’s efforts, approach towards cooking, vision, and skill.

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15 Ways Restaurant Inventory Management Software Saves You Time

Sculpture Hospitality

Even if you’re a total rockstar restaurateur, whipping up culinary masterpieces and keeping your customers happy - there’s probably one thing you wish you had more of… time.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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Optimize Your Restaurant Inventory Management for Greater Profitability

ChowNow

Running a profitable restaurant isn’t just about selling more food or serving more diners; it’s also about efficient inventory management. Our partners at MarketMan specialize in reducing Cost of Goods Sold (COGS) and have tips to cut expenses by as much as 10% to free up more profits. Here’s what the experts shared with us. Know what you spend Successful restaurants know that tracking food costs is crucial.

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Mastering Restaurant Reviews: Strategies for Success in the Digital Age

Goliath Consulting

Handling restaurant reviews effectively is crucial for maintaining a positive online presence and fostering customer loyalty. Whether the feedback is glowing or critical, how you respond can significantly impact your restaurant’s reputation. Tips for Handling Restaurant Reviews Respond Promptly and Professionally: Quick responses show customers that you value their feedback.

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Expert Weighs in on Subway and Red Lobster News

Modern Restaurant Management

The restaurant industry has dominated both the financial and front pages of late as Roark completed its acquisition of Subway and Red Lobster filed for bankruptcy. "This transaction reflects Subway's long-term growth potential, and the substantial value of our brand and our franchisees around the world," said John Chidsey, CEO of Subway, adding that there are no anticipated changes to the company's leadership team, strategic focus or operating plans.

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Waitlist ME vs Eat App Waitlist (A Complete 2024 Guide)

The Eat Restaurant

Running a busy restaurant means managing a lot of moving parts. One key aspect is ensuring your guests have a smooth experience from the moment they arrive. A reliable waitlist system can significantly improve this experience.

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There’s No Texas Summer Without a Snow Cone

EATER

Callaghan O’Hare/Bloomberg via Getty Images Whether rainbow-striped or pickle-topped, an ode to the icy refuge of Texas’s essential hot-weather treat It is, famously, hot in Texas. But you really can’t understand exactly how hot it is until it’s the dead of August, and the temperature has exceeded 100 degrees for 100 days in a row. It is a brutal, withering heat — one we can only expect to get worse.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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Flynn Group makes another international acquisition

Restaurant Business

Flynn Group LP has acquired Wendy's restaurants in New Zealand. The largest franchise operator in the world, Flynn already owns rights to develop the burger brand in Australia.

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233. Restaurant Technology Guys Podcast Ep. 233 – Revolutionizing the Restaurant Supply Chain: The Choco Experience

Restaurant Technology Guys

In an illuminating episode of the Restaurant Technology Guys podcast, Jeremy, the host, sits down with Georgie Thomas, the General Manager for Choco in the US. The conversation dives into the heart of how Choco is transforming the restaurant supply chain, aiming to streamline operations for restaurants and suppliers while combatting food waste. Here’s a recap of this insightful discussion.

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Mental Health Month and The State of Restaurants

Modern Restaurant Management

According to Culinary Hospitality Outreach Wellness, 63 percent of hospitality workers suffer from depression, 84 percent feel stress from their jobs and 65 percent report using substances at work. May is Mental Health Month – and it’s clear that millions of restaurant workers need help. Society Insurance, which provides coverage to the hospitality industry, wants to share resources restaurants should be leveraging and implementing, such as creating an Employee Assistance Program as

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Crafting Cocktails in the Digital Age: Bartenders Benefit From ConnectSmart® RecipesPlus

QSR Automations

In the ever-evolving world of mixology, where creativity meets precision, bartenders are continually seeking ways to enhance their craft and identify efficiencies. One tool that has revolutionized the way cocktails are crafted is the latest addition to the ConnectSmart® family, RecipesPlus. In this digital age, where technology is seamlessly integrated into various aspects of our lives, it’s no surprise that bartenders are turning to digital solutions to streamline their workflow.

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Join Full Course Navigator: Your Path to Professional Growth in Restaurant Leadership

Full Course Foundation is dedicated to nurturing excellence in restaurant leadership. Our Navigator program offers a wide range of resources tailored for professional growth. From high-quality training to personalized coaching, Navigator equips restaurant leaders with the tools they need to thrive in their careers. Unlock your potential with three months FREE access to Navigator by Full Course!

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The Best Potato Salad Recipes, According to Eater Staff

EATER

irina2511/Shutterstock Spruce up your standard potato salad with pickled peppers, bacon, and Tater Tots with recipes from Eric Kim, J. Kenji López-Alt, and more. Memorial Day is nearly here, which means that so is potato salad season. No picnic or backyard barbecue is quite complete without the humble, endlessly versatile dish. Like a snowflake, each potato salad is beautiful in its own unique way, whether it’s topped with chopped pickled peppers, generous globs of mayonnaise, or salty bacon cru

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Benefits Of Moving Order Pickup Lockers Outside

Restaurant Business

It’s no secret that consumers enjoy ordering takeout they can effortlessly pick up. In recent years, restaurant operators have worked hard to streamline the process, including adding convenient pickup lockers inside their locations. Pickup lockers offer many benefits. They eliminate the risk of orders being taken by the wrong person, which in turn saves workers the time of having to remake missing orders.

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3 Big Takeaways From the National Restaurant Show 2024

SpotOn

It has been a jam-packed couple of days in Chicago. It’s also one of the most exciting weeks of the year, as I’m always excited to talk to restaurant people and hear about their challenges and hopes for the future.  As the dust begins to settle, I’m grateful for another year of connecting with new folks and old friends and seeing the scope of what’s possible for restaurants to expand.

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Tipping Divide Is Not Too Wide

Modern Restaurant Management

Tipped restaurant workers are not too worried that more businesses outside the industry asking for tips will negatively impact their own tips — 64 percent say it has had no impact, while percent say it’s even helping, according to a new report from SpotOn of restaurant workers on expectations, generational trends and payment options. The report, Beyond Gratuity: Perspectives of Restaurant Staff on Tipping Practices, reveals that two-thirds of workers report their tips have stayed the

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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5 Powerful Branding Strategies for Restaurant Owners Inspired by McDonald's Success

TastyIgniter

The restaurant industry is highly competitive, with sales expected to surpass $1 trillion. McDonald's stands out due to its effective branding and management. This post explores five powerful branding strategies: hitting customer contact points, prioritizing customer experience, innovating menu offerings, engaging the community, and adapting to market trends.

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7 ways to attract more tourists & business travelers to your restaurant

Clover - Restaurants

Business travelers? They’re the dreamiest. They’ll fill bar seats that other customers may find less desirable, quietly relax or have a friendly chat with the bartender, and happily consent to upsells, as they’re often paying with a company per diem. More and more people traveling for work are folding sightseeing and entertainment into their trips as part of the “bleisure” travel trend.

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Why José Andrés believes restaurants are anchors of hope

Restaurant Business

The restaurant industry is very powerful—if it can embrace the power of food as an agent of change, Jose Andres said at the National Restaurant Show on Monday.

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How Much Should You Tip at a Restaurant? A Definitive Guide to Tipping Etiquette.

SpotOn

Giving should feel good. Yet, the practice of giving tips has become a much-maligned and misunderstood aspect of the restaurant experience. While tips are intended to incentivize exceptional service, some workers see tipping policies as a barrier to a living wage for all. Operators have to navigate the complex world of tip pool options, service charges, and minimum wages and ensure their employees are motivated and paid well, all while striving for profitability.

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Top 5 Ways to Optimize Your Loyalty Strategy

Speaker: Lauren Barash, Vice President, Brand Marketing

In an ever-evolving industry, building and retaining loyal customers is critical to the success of any restaurant business. Join Lauren Barash, VP of Brand Marketing at Full Course, as she delves into the world of restaurant loyalty programs, and reveals the top five essential strategies to optimize your approach! This webinar will explore: Loyalty trends and what you should be focusing on 📊 Actionable insights and ideas to help you develop the most powerful and effective loyalty program

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How to Save on Credit Card Processing Fees

Modern Restaurant Management

The past few years have been difficult for restaurants across the country as they have found themselves struggling to adjust to a new normal. Among the many pressures are rapidly rising credit card processing fees. Despite a recent settlement where the two largest card brands agreed to a modest cap of interchange fees for five years, processing fees show no signs of decreasing.

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Streamline Your Menu for Success

Wasserstrom

Running a profitable restaurant is a challenge in the best of times, let alone in the 2020s. To make do, many restaurants are saving money by shaving down their menu. However, blindly slashing dishes isn’t the best solution. To help your restaurant increase profit margins, we present a strategic approach for streamlining menus and ingredient […] The post Streamline Your Menu for Success appeared first on The Official Wasserstrom Blog.

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Yelp Waitlist vs Eat App Waitlist

The Eat Restaurant

During busy evenings at your restaurant, stress levels can run high. But, the last thing you should do is drop the ball on guests waiting outside. This is where a reliable waitlist system comes in.

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Burger King is now its own biggest operator, for now

Restaurant Business

The fast-food chain has completed its acquisition of Carrols Restaurant Group, its largest franchisee. The deal will help the brand speed remodels and change its model of franchisee ownership.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Welcome to the Ultimate Okie Onion Burger Crawl

EATER

Double onion burger with cheese at Tucker’s. | Choate House One state, two days, four burger joints, and a whole lot of griddled onions As someone who grew up just a 15-minute drive across the border in Northeast Texas, I have done my fair share of s**t-talking about the state of Oklahoma: “The wind blows so hard in Texas because Oklahoma sucks,” and so on.

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Cultivating a Robust Food Safety Culture in Restaurants: A Recipe for Success

Modern Restaurant Management

Promoting a food safety culture in the restaurant industry requires a fundamental shift in mindset and practices. By moving away from traditional beliefs and embracing modern industry standards, restaurants can minimize risks, protect consumer health, ensure regulatory compliance, and enhance their brand reputation. The potential benefits of such a shift are immense.

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Table Turnover Tactics for Busy Bars: Maximizing Revenue with POS Insights

Mad Mobile

Bar owners know the importance of table turnover time, especially during peak hours. The ability to make sales and keep people moving to allow for more customers is essential to a profitable business. However, some owners don’t realize they can leverage their bar POS data to make smarter table management decisions. Managing a bar comes with unique challenges.

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