7 Shifts

OCTOBER 20, 2022

Specifically, The DOL applied the updates to the amendments that occurred in 2018 in section 3(m) and other sections in the Fair Labor Standards Act: First, employers, supervisors, and managers cannot keep employee tips under any circumstances, even in a tip pool. Managers that have the authority to fire employees cannot be included.

Tip Distribution 195

Tip Distribution Restaurant Law 2023 Cash Management 195

Modern Restaurant Management

FEBRUARY 27, 2023

Restaurant365’s State of the Industry Customer Survey shows that 60 percent of surveyed customers plan to expand their businesses in 2023 despite expected increased labor and food costs. 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.

Cash Management 190

Cash Management Point of Sale Inventory Email Marketing 190

Modern Restaurant Management

DECEMBER 19, 2023

The recovery in the restaurant industry means that restaurant owners looking to sell their business in 2020, but couldn’t due to the pandemic economy plummeting restaurant values can finally sell in 2023. However, high-interest rates are pushing some prospective buyers out of the market who can’t pay with cash.

2024 101

2024 Marketing Cash Management 2023 101

Modern Restaurant Management

JANUARY 13, 2023

In this column, Modern Restaurant Management (MRM) magazine looks at newly introduced menu items from top brands. Prizes range from discounts off a meal, free pizza for a year, a trip for two to California and cash prizes from $500 to $50,000. Each envelope contains a secret prize, redeemable on a future visit.

2023 101

2023 Menu Seasonal Menu Back of House 101

Perfect Daily Grind

JANUARY 27, 2023

Alliance for Coffee Excellence announces 2023 auction dates. The 2023 auction line up includes 13 Cup of Excellence auctions, four Private Collection auctions, and one Pilot Project. Growing Coffee in the Face of Climate Change to air on YouTube on 8 February 2023. The agency also expects the 2023/24 harvest season to hit 54.9

2023 112

2023 2022 Events Certification 112

Open for Business

MARCH 1, 2023

Typically, restaurant managers, chefs, and certain other senior full-time team members earn a salary that exceeds minimum wage. In some states, restaurants need to pay tipped team members a minimum cash wage above the minimum wage required under the federal Fair Labor Standards Act. What is the minimum wage for restaurant workers?

2023 78

2023 Restaurant Law Front of House Cash Management 78

Modern Restaurant Management

MARCH 14, 2024

They've also shared about shifts and growth in the pizza industry and three ways to increase a pizzeria or pizza chain’s cash flow. Ways to Increase Cash Flow Pay attention to internal issues and delivery orders – especially during peak hours. percent from 2022 to 2023, and in 2023, pizzerias made up 5.84

Online Ordering 110

Online Ordering Cash Management 2023 Inventory 110

Modern Restaurant Management

JANUARY 8, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

2024 216

2024 Loyalty Program Cash Management Customer Experience 216

The Restaurant Times

JANUARY 26, 2023

But as cloud technology developed, the basic POS system transformed into a full-fledged restaurant management system. Top 5 Restaurant POS Features To Look For In 2023 A POS system today is capable of handling employee schedules and clock-ins, data collection for business intelligence, and providing a personalized customer experience.

POS 59

POS 2023 Loyalty Program Point of Sale 59

Get Beyond

OCTOBER 24, 2023

This year, Small Business Saturday falls on November 25, 2023. Check your toolbox Has the shop been operating as cash only? From streamlined payment processing to payroll management, Get Beyond helps manage your backroom so you can get back to business. Are you ready to make the best of this one-day event?

Small Business 52

Small Business 2023 Social Media Customer Experience 52

7 Shifts

OCTOBER 30, 2023

But restaurant owners, managers, and employees need to be aware of the labor laws and protections in place in the Sunshine State, like Florida’s unique approach to the minimum wage— which is steadily on the rise. The Florida Restaurant & Lodging Association reports that as of September 30, 2023, Florida’s minimum wage is $12.00

Restaurant Law 221

Restaurant Law Certification Food Safety Cash Management 221

Modern Restaurant Management

APRIL 7, 2023

A 2020 Harvard Business School study reported that 74 percent of businesses do not have the cash on hand to cover an equipment-related expense. JPMorgan Chase found the median small business holds 27 cash buffer days in reserve. The restaurant industry falls behind the median with an average of only 16 cash buffer days.

Cash Management 101

Cash Management Equipment Front of House Small Business 101

EATER

APRIL 10, 2024

It was a wild, expensive, and ultimately impractical idea, and in early 2023 Wonder ditched the vans in favor of brick-and-mortar locations, the first opened in February 2023 on Manhattan’s Upper West Side. Wonder has managed to raise a whopping $1.5 Customers place orders on the Wonder app for delivery or pick-up. Wonder’s $1.5

Delivery 134

Delivery Cash Management Point of Sale Back of House 134

Lavu

SEPTEMBER 29, 2023

According to the National Restaurant Association 2023 Restaurant Industry Forecast , 9 in 10 restaurants are experiencing staffing shortages. This statistic is based on a survey of restaurant operators conducted in January 2023. The restaurant staffing shortage is a major challenge for restaurant owners today.

Loyalty Program 166

Loyalty Program Front of House Mobile Ordering Customer Service 166

Modern Restaurant Management

NOVEMBER 21, 2022

Making this problem more cogent is the fact that inflation isn’t forecast to ease until late next year, where it is predicted to fall to 3-to-4 percent by the end of 2023, according to economic projections by Kiplinger. Invoice processing, ordering, food cost management, and analysis are a time consuming, but necessary evil.

Operations 197

Operations Cash Management Seasonal Menu Loyalty Program 197

The Restaurant Times

NOVEMBER 17, 2022

Since 2005, sales of food services and drinking places have nearly tripled as customers have changed their focus on where they spend their cash. . In this article, we will look into 7 ways to successfully market a pop-up in 2023. . Additionally, having a multi-management location, vendor management, menu management and .

Marketing 52

Marketing 2023 Email Marketing Social Media 52

Modern Restaurant Management

MAY 5, 2023

In 2023, it is estimated that 87 million Americans will dine out on Mother’s Day. This type of technology-aided self-service speeds up things in the kitchen, and is not subject to misunderstandings between customers and cash operators, all while reducing the burden on the staff and the waiting time for customers.

Mobile Ordering 167

Mobile Ordering Online Ordering Customer Service Customer Experience 167

Modern Restaurant Management

JULY 25, 2023

As a restaurant owner, managing your finances effectively is crucial for the success and growth of your business. These incentives can help reduce your tax liability, increase cash flow, and promote business expansion. by the end of 2023 and surpassing pre-pandemic levels.*

Cash Management 88

Cash Management Government 2025 2023 88

Sling

APRIL 2, 2023

We’ll answer those questions in this article and introduce you to an app that can help you manage your workforce better. Casual incentives can take the form of anything from recognition to cash to a catered lunch. This is just one example of how you can use cash to motivate your team to achieve any goal you set.

Cash Management 78

Cash Management Loyalty Program Casual Specials 78

Modern Restaurant Management

AUGUST 16, 2023

However, given the current circumstances surrounding the COVID-19 pandemic, economic instability and impending recession in 2023 , traditional norms are shattered. Gone are the days of cash-only transactions. The food industry has been historically slow to integrate technology and digital solutions.

Loyalty Program 167

Loyalty Program Mobile Ordering Dietary Restrictions Point of Sale 167

Get Beyond

JANUARY 4, 2024

Acclimate to AI In 2023, AI was the watchword. If you have a contract or full-time employee on your team managing the online shop, you could pay for an online course or training for them that helps them better build the platform. For many, it’ll simply mean sharing your mission and why statement with the outside world.

2024 52

2024 Small Business Cash Management Email Marketing 52

Crunchtime

FEBRUARY 7, 2024

Historically, operators have relied on paper checklists and field management teams to roll out and enforce their standard restaurant operating procedures and as part of their retail operations management. Standard restaurant operating procedures help staff and leadership do their jobs better and ultimately, make customers happier.

Operations 78

Operations Audits Cash Management Food Safety 78

Apicbase

AUGUST 25, 2023

According to The National Restaurant Association’s 2023 State of the Restaurant Industry report , 90% of restaurant operators view inflation as a significant hurdle. On top of that, the competitive landscape is evolving, with 47% of operators in 2023 anticipating fiercer competition than the previous year.

Cash Management 52

Cash Management Technology Front of House Allergens 52

Restaurant Business

JUNE 5, 2023

Money management: A key to successful business Knowing how to best manage incoming and outgoing money is essential for any business. They can take a close look at a business and uncover specific ways to improve how owners can manage money. Credit cards also allow businesses to hold onto their money longer, improving cash flow.

Cash Management 64

Cash Management Small Business 2023 Equipment 64

Perfect Daily Grind

OCTOBER 1, 2022

Speakers will include Head of Beverages at Nestlé Professional, Patrick Stern, and Relationship Manager at Perfect Daily Grind, Nicholas Yamada. Florida roaster Booming Brew to plant 5,000 trees by end of 2023. Both competitors received a ticket to attend the 2023 Ally Coffee Origin Trip. Registration is now open. Fri, 30 Sep.

2022 135

2022 2023 Point of Sale Webinar 135

Aaron Allen & Associates

FEBRUARY 15, 2024

Will consumers like it just as much as the management team does? We Help Investors, Innovators, and Operators with Due Diligence for Restaurant Technology Targets Due Diligence Services Record-Size Restaurant Transactions in 2023: Will Target Performance Keep Up During the Holding Period? Is this the right way to stay ahead?

2002 52

2002 Point of Sale 2023 Back of House 52

Perfect Daily Grind

MARCH 5, 2023

In the years following, coffee quickly became one of the country’s biggest cash crops. By 1880, exports of coffee had significantly surpassed other commodities, especially indigo (a natural dye), which was also another major cash crop. It’s believed that coffee was introduced to El Salvador around 1740.

2004 181

2004 Café Cash Management 2022 181

Modern Restaurant Management

MARCH 15, 2023

Dynamic pricing would add friction to the guest experience, according to Capterra’s 2023 Dynamic Pricing in Restaurants. Modern Restaurant Management (MRM) magazine asked Molly Burke, senior restaurant analyst, Capterra, for additional insights on the survey results. In reality, dynamic pricing is far from a silver bullet.

Pricing 199

Pricing Consumer Goods Customer Experience Food Order 199

Aaron Allen & Associates

NOVEMBER 2, 2023

Whether you are a lender, investor, operator, part of a management team, or in executive leadership, you can benefit from looking at debt through this lens. Private Debt Secondaries Are on The Rise Private debt secondary markets activity has grown steadily over the last five years, and we expect 2023 to continue that trend.

Cash Management 59

Cash Management 2024 Point of Sale 2023 59

Sling

JULY 1, 2023

5) Pick a great location When you’ve got cash in hand, it’s time to take the next step and find the spot that will soon turn into your restaurant. Once you’ve hired a great team, you can take advantage of the Sling app to help manage everyone. Since location is crucial in this industry, you’ll want to scout out the possibilities.

Fine Dining 78

Fine Dining Cash Management Restaurant Law Consumer Goods 78

Kounta

JANUARY 9, 2020

Revenue for the hospitality industry will exceed $108 billion by the year 2023 — Bankwest, Future of Business. Trend 1: Cash me if you can — cashless society will reach greater heights. Turning point: calling time on cash — Commonwealth Bank of Australia. But what’s in store for the industry in 2020?

Hospitality 98

Hospitality Cash Management Influencer POS 98

EATER

SEPTEMBER 25, 2023

Whether or not you’re especially excited about eating bugs in the future, Grescoe does manage to make it sound pretty darn compelling when he describes the crispy chapulines (grasshoppers) and rich ahuatle (water boatman eggs) he ate in Mexico as research for his book. The book begins with an explanation of what, exactly, an onion even is.

Book 145

Book Food Workshop 2023 145

EATER

DECEMBER 8, 2023

The company, well aware of the intense affection its specialty bottles have generated ever since, has fully cashed in on collectors’ enthusiasm. Since its debut, Kikkoman’s soy sauce dispenser has managed to capture that feeling with every generation. production plant.

Design 134

Design Food Supply 2001 Employee Relations 134

EATER

FEBRUARY 26, 2024

It’s where you go when you’re freshly flush with cash from your first teenage job and want to feel fancy with your friends as you try to figure out how the hell to pronounce “Emmentaler.” We still want to own celebrations,” says Scott Martin, a regional general manager for the Chapmans’ Melting Pot locations. “We

Dine-in 110

Dine-in Customer Experience Specials Cash Management 110

EATER

MAY 31, 2023

It’s harvesting honey, centrifuging honey, bottling honey, labeling bottles, dealing with wholesalers and market managers, cash apps and banks, insurances, clients, and schools. There’s just lots to manage in order to make ends meet. It was 2015, and it was a cement statue of a reposed woman whose head was a living beehive.

Insurance 91

Insurance Email Marketing Cash Management 2005 91

The Restaurant Times

OCTOBER 24, 2021

The food ordering market in India is expanding at a CAGR of 16% to reach $17 billion by 2023 as per DataLabs by Inc42. billion by 2023. . It is no wonder that with one foot firmly in the food delivery business, food aggregators are aggressively moving towards cloud kitchens to cash in on the frenzy.

Kitchen Safety 52

Kitchen Safety Online Ordering Mobile Ordering Food Order 52

7 Shifts

MAY 15, 2023

Restaurant payroll is a system for calculating and managing the salaries of employees in a restaurant. Employers need to track hours, calculate wages, manage shift schedules , and maintain employee records. This schedule can be difficult to run manually for managers with more than a handful of employees.

2023 195

2023 Tip Distribution Audits Restaurant Law 195