Remove 2023 Remove Cash Management Remove Information
article thumbnail

2023 Outlook: Trends and Challenges Restaurants Will See, Part Two

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. In 2023, we can anticipate businesses really focusing in on value and doing what they can to attract and retain both employees and guests. For part one, click here.

2023 495
article thumbnail

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

Modern Restaurant Management

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

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 540
article thumbnail

Tik Tok Marketing Proves Profitable

Modern Restaurant Management

Given its success rate, 52 percent of TikTok marketers surveyed plan to spend more money on the platform in 2023. Modern Restaurant Management (MRM) magazine asked Burke to offer additional insights on how restaurants can best use Tik Tok in their marketing efforts. ” said Molly Burke, senior retail analyst at Capterra.

Marketing 532
article thumbnail

How to Build a Food Delivery App for Your Restaurant

The Rail

from 2023 to 2030. Platform-to-Consumer : Where platforms like Uber Eats or Zomato connect customers to restaurants but manage delivery. credit cards, digital wallets, cash on delivery). Admin Panel : Order management system to track and manage orders in real time. The numbers speak for themselves.

Delivery 147
article thumbnail

Revolutionizing Restaurant Financial Compliance with the AI-Powered Future

Modern Restaurant Management

In the US alone, restaurant sales are forecast to hit $997 billion during 2023, according to the latest National Statistics. This involves them processing credit card details and handling other personally identifiable information, such as customers’ names, telephone numbers, and home addresses.

article thumbnail

Ultimate Restaurant Payroll Guide 2023

7 Shifts

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