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11 Restaurant Management Best Practices to Maximize Your Performance in 2021

Restaurant365

As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. Here are 11 tips to set yourself up for success in 2021. Manage cash flow by creating a cash flow forecast. Focus on attracting, hiring and retaining the right employees.

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Mitigating Cost Price Inflation Via Supplier Management

Hot Schedules

Mitigating Cost Price Inflation Via Supplier Management. Smart operators take purchasing management further by using electronic trading platforms. Find out more about how your brand can take advantage of these supplier management strategies and more through Fourth’s purchase-to-pay and inventory solution. Related Posts.

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The Problems with Managing Inventory in Spreadsheets

Hot Schedules

The Problems with Managing Inventory in Spreadsheets. U sing spreadsheets for hospitality inventory management is inaccurate, inefficient, and unwise. Learn how poor inventory management could be making operators crazy and hurting your business. But smart operators know the importance of good inventory management technology.

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Minimum Wage Updates 2021

Hot Schedules

In a perfect world, you’ve already updated your employee wage rates, but if we’ve learned anything about the last year, nothing is perfect. HotSchedules will never actually change the rate assignment to the employee, so be sure managers or your HR team are updating the employee records. Related Posts.

2021 88
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What Is the SUTA Tax and Why Is It Going Up in 2021?

Hot Schedules

What Is the SUTA Tax & Why Is It Going Up in 2021? I t’s probably fair to say that most entrepreneurs didn’t give much thought to the complexities around payroll management and taxes before starting a business and hiring employees. Businesses with high employee turnover will typically be assigned a higher SUTA tax rate.

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Restaurant Management: A Recipe for Success

Focus POS

A Recipe for Successful Restaurant Management. This carried into 2021 as 110,000 restaurants were closed either permanently or temporarily. Technology for Successful Restaurant Management. Keeping a restaurant successful heavily relies on restaurant management’s effectiveness. Beat the Odds. With wages increasing to 34.6

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Guest Blog: Tax Strategies as You Reopen Your Restaurant

Restaurant365

While daily operations will continue to be a top priority, restaurant owners should keep in mind a few tax topics that may be helpful in managing these unprecedented times. The application must be submitted within 28 days of the employee start date, and credits range from $2,400 to $9,600 per qualified new hire.

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