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Restaurants Under Attack from Cybercriminals: How to Protect Your Business

Modern Restaurant Management

One study found that in 2016, the food and beverage industry accounted for ten percent of all data breaches. That's why it's essential for restaurants to consider cyber liability insurance. With cyber liability insurance, the costs of hiring attorneys and other legal expenses can be covered.

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Case Study: How a Food Truck Can Open Doors to Restaurant Ownership

Modern Restaurant Management

Kyle Gorlie opened his Vet Chef food truck in 2016. While you’ll likely want to hire someone to help take orders, you can realistically manage with a single part-time employee. If you haven’t hired full-time staff yet, you’ll need to as soon as you open a second location. More self-sufficiency.

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Medical Marijuana in the Workplace: What’s Next?

Modern Restaurant Management

In 2016, Florida voters soundly passed Amendment 2, Florida’s medical marijuana law, with more than 71 percent of the vote. As noted above, many employers implement a drug-free workplace policy to receive a discount on their worker’s compensation insurance. Less drug testing.

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The Ultimate Guide to Restaurant Costs

7 Shifts

Your restaurant is different so ensure you find your ideal food cost (discussed later) Labor cost : Roughly 30% of revenue including management salaries of 10% Insurance varies by provider and type. Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums. increase from 2016. Casual: 33.2%

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15 Restaurant Metrics to Know and How To Use Them

7 Shifts

To get your restaurant's break-even point, you'll need the following: Total fixed costs, like rent, salaries, and insurance. Hiring is one of the most challenging parts of the restaurant industry and not something that you want to have to do often. in 2016, compared to just 42% for the whole labor force.

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Tyga Bites and Sushi with an Attitude

Modern Restaurant Management

In recent months, they have been advising clients on issues ranging from Paycheck Protection Program (PPP) loans to reducing and rehiring employees to recovering losses from insurance companies and renegotiating leases. Selvin (insurance and business interruption) and Elliot N. Other members of the new practice include: Randy S.

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How Restaurant CEO Priorities are Evolving in 2020

Aaron Allen & Associates

Pershing Square Capital, led by Bill Ackman, made an investment in Chipotle (NYSE: CMG) in 2016. In some cases, this can help to optimize resources and shift risks (pensions, labor unions, taxes, insurance, administrative burden) if you pay enough to keep mercenaries. and Hardee’s headquarters into a smaller one in 2016.

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