The Restaurant Times

JUNE 1, 2022

You can choose a POS software with financial and report analyzing features. A POS software also tracks restaurant fund flow by keeping an eye on the following: Inventory. When a restaurant uses automation for inventory management, it reduces costs due to wastage and keeps a check on recurring food costs. Account payable.

Operations 52

Operations Cash Management Employee Relations POS 52

Open for Business

OCTOBER 20, 2023

Don’t forget to detail marketing strategies, which could range from social media advertising to partnerships with local businesses. Craft a comprehensive financial blueprint to manage your restaurant’s expenses. POS system A robust Point of Sale (POS) system is your first line of defense against operational chaos.

License 78

License Email Marketing Front of House Seasonal Menu 78

7 Shifts

NOVEMBER 26, 2019

million Some franchisors even require aspiring franchisees to have hundreds of thousands of dollars of cash on hand, which runs the bill up even more. of weekly gross sales for franchise royalties and advertising. It can also be much easier to succeed when you use integrated tools like restaurant scheduling software and a POS.

Franchise 369

Franchise Franchising Restaurant Law 2015 369

Restaurant365

OCTOBER 14, 2020

Balancing cash flow month to month, let alone year to year, can be difficult for the ever-changing restaurant industry. As a restaurant owner or manager, you can use a budget to understand your income and expenses, and at what levels you will profit, break even, or operate at a loss. And yet, in times of uncertainty, like the COVID-19.

Point of Sale 78

Point of Sale Email Marketing Cash Management Advertising 78

Get Beyond

OCTOBER 24, 2023

Increase advertising The ramp-up to Small Business Saturday is as important as the day itself. Your advertising doesn’t necessarily have to revolve around the Small Business Saturday event, but making customers, and potential customers, aware of your business leading up to the day can increase foot traffic (or digital visitors) the day of.

Small Business 52

Small Business 2023 Social Media Customer Experience 52

The Restaurant Times

AUGUST 5, 2022

In fact, accounting software in restaurants has seen a 21 percent rise in popularity since 2018, second only to POS technology and payment processing. Successful restaurant accounting can help in efficient cash management, balancing financial books, optimizing costs, and overall business planning. Automated Inventory Management.

Cash Management 52

Cash Management Point of Sale Inventory Employee Relations 52

Harbor Touch

APRIL 17, 2018

If you purchase equipment, like a restaurant POS system , for example, it may be eligible for depreciation deductions. Seems like a no-brainer but maintaining solid files, both physical and electronic, are critical to managing your restaurant. Expensing Asset Purchases. It can be included in the cost of food or recorded separately.

Employee Relations 97

Employee Relations Insurance Point of Sale Cash Management 97

BNG Point of Sale

AUGUST 19, 2021

Restaurant Operating Expenses: This is the total of your day-to-day outside costs like basic supplies, advertising, marketing, music, and entertainment. . You get a strong look at the biggest indicators for profit and how those elements are managed. At BNG POS, we often offer this software to our customers. .

Cash Management 52

Cash Management Point of Sale Inventory Food Truck 52

Squirrel Systems

FEBRUARY 24, 2021

Tip: Configure your POS to only show the menu items available for take-out. Get the Word Out – Advertise Let your customers know how they can order from your restaurant: social media, website, e-mail newsletter, sign on restaurant doo, or 3rd party marketplace. Keep your menu short to the items that you can offer for take-out.

Operations 52

Operations Online Ordering Mobile Ordering Website Management 52

Modern Restaurant Management

APRIL 14, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. The National Restaurant Association-managed site also provides a direct connection to the industry’s grassroots engagement platform.

Online Ordering 199

Online Ordering Back of House Customer Service Small Business 199

Lavu

JANUARY 15, 2020

Regardless of the purpose, restaurant financing is vital to running a successful business and ensuring smooth cash flow. . Nonetheless, there are several financing options at the disposal of restaurant owners and management. Explore the options from cash advances for emergency funding to capital loans for major purchases.

Cash Management 78

Cash Management Equipment Small Business Front of House 78

Sling

SEPTEMBER 13, 2022

Effective retail management requires a vast array of skills. In a broad sense, those skills boil down to managing your time, managing your staff, managing their training, and managing change. Retail management 101 Master these skills one at a time. Retail management 101. That’s where we can help.

Retail 144

Retail Management Management Point of Sale 144

SpotOn

FEBRUARY 26, 2024

This process covers assessment of staffing needs, advertising of the post(s), appraisal of applications, selection of candidates for interview, interview scheduling, the interview process itself, selection of best interviewee, and informing all applicants of the outcome of their applications. Check your POS reports.

Recruiting 52

Recruiting Retail Point of Sale Small Business 52

BNG Point of Sale

SEPTEMBER 2, 2021

In this post, we will explore what an ideal restaurant food margin is and how to calculate it so that you can have an easier time managing your business and know exactly where you stand financially. . However, the difference is that high-end caterers can make as much as 15% while others might only be able to manage 8%. . Catering

Food Truck 52

Food Truck Loyalty Program Food Point of Sale 52

MBB Hospitality

NOVEMBER 13, 2018

Check out these restaurant consulting tips for the DIY restaurant owner or manager: The customer is always right. Invest in advertising is a necessity. Word of mouth will only get you so far in the restaurant business so even if it is a small budget, make sure you allocate some resources for advertising and restaurant promotions.

Management 40

Management Management Social Media Cash Management 40

Modern Restaurant Management

NOVEMBER 14, 2019

Modern Restaurant Management (MRM) magazine quizzed Anderson and Sr. You used to have to hire an advertising agency to market to your customers. Today, your customers are your advertising agency on social media. You’re trying to give your customers Instagram-worthy meals because they’re in charge of your advertising.

Advertising 124

Advertising Social Media Technology Loyalty Program 124

Modern Restaurant Management

MARCH 30, 2020

To help managers limit the number of people in their store at one time, party sizes and shopping windows will vary depending on the business. We hope this new solution provides similar support for retailers and grocers to help them safely manage the influx of shoppers.” ” PARk it Converter.

Food Safety 89

Food Safety Food Order Technology Social Media 89

Modern Restaurant Management

AUGUST 17, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features consumers' dining desires, the power of personalization and the untapped opportunity in localized marketing. 25 percent of those surveyed had cash flow issues in the last 12 months. COVID-19 Consumer Dining Trends. Back to Business.

2020 185

2020 Loyalty Program Mobile Ordering Fast Casual 185

Lavu

NOVEMBER 1, 2023

Advertising your delivery service on social media, through partnerships, and with targeted ads can help you get and keep more customers. Food delivery has become a cash cow for restaurants because it’s convenient and easy for customers. Is online food delivery a profitable business?

Delivery 166

Delivery Food Online Ordering Mobile Ordering 166

Notch

FEBRUARY 26, 2019

As a business owner, you probably know that revenue management is one of the keys to success. But, if you have a cash flow problem, do you know how to diagnose and solve it? Restaurant revenue management comes down to three main factors: traffic, sales and service. Anything less than that, they may be struggling and in the red.

Management 71

Management Management Loyalty Program Email Marketing 71

Notch

FEBRUARY 26, 2019

As a business owner, you probably know that revenue management is one of the keys to success. But, if you have a cash flow problem, do you know how to diagnose and solve it? Restaurant revenue management comes down to three main factors: traffic, sales and service. Anything less than that, they may be struggling and in the red.

Management 52

Management Management Loyalty Program Email Marketing 52

BNG Point of Sale

APRIL 22, 2020

Handheld POS Systems Are A Popular Option For Mobile Businesses, Learn More About How They Work. With the latest technology available for businesses, now many bars, restaurants, and cafes can use a point of sale system that fits in a pocket with similar features to a full POS system. Handheld POS systems save you time.

POS 86

POS Loyalty Program Point of Sale Mobile Ordering 86

BNG Point of Sale

APRIL 22, 2020

Handheld POS Systems Are A Popular Option For Mobile Businesses, Learn More About How They Work. With the latest technology available for businesses, now many bars, restaurants, and cafes can use a point of sale system that fits in a pocket with similar features to a full POS system. Handheld POS systems save you time.

POS 52

POS Loyalty Program Point of Sale Mobile Ordering 52

Restaurant365

APRIL 23, 2020

Your P&L is extremely valuable to manage your operations, budget, and future business growth. Before modern restaurant management technology, P&Ls required labor-intensive data tracking and analysis. Managing your balance sheet. Assets also include cash on hand. Cash flow statement. Liabilities.

Cash Management 78

Cash Management Management Management Point of Sale 78

The Restaurant Times

JANUARY 18, 2023

Independent platforms, such as online ordering platforms, rewards programs, food delivery, and customer relationship management systems (CRM), should work together to offer a seamless experience. Usually, the central system is a point-of-sale (POS) system. What Is An Integrated Restaurant Management System? Accounting System.

Operations 52

Operations Loyalty Program Point of Sale Online Ordering 52

Modern Restaurant Management

APRIL 2, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. Checklist app automates daily food safety and operational task management as well as regular maintenance and audit procedures. ” The BOHA!

Healthcare 166

Healthcare Employee Relations Online Ordering Customer Service 166

Apicbase

JUNE 16, 2023

In practice, however, successfully managing a group of busy restaurants is an awfully tough undertaking. The metrics and calculations in this list will help you bring order to the chaos and manage the performance of each unit in the chain. In theory, it sounds easy. Why Are Metrics Important? That said, let’s dig in.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Restaurant365

MARCH 30, 2020

Without payment processing capabilities, you will need to process transactions over the phone, which can be a costly security risk, or through cash, which is now a health risk [more on this in the accounting section below]. Timing of receiving cash versus making the sale. Using third-party delivery apps.

Delivery 78

Delivery Operations Insurance Cash Management 78

The Restaurant Times

FEBRUARY 22, 2022

When a restaurant wants to cater to certain customer segments, offer healthier menu options, maintain food safety and quality, and make other recommendations for their clients, such as which restaurant POS system is the best choice, food consultants are frequently employed. Kitchen Management .

Hiring 52

Hiring Food Kitchen Safety Food Safety 52

Modern Restaurant Management

FEBRUARY 18, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry movers and shakers: "What do you feel is going to cause disruption in the restaurant industry over the next decade?” In addition to improving the guest experience, technology also makes it easier for restaurants to manage their operations.

Mobile Ordering 206

Mobile Ordering Front of House Fast Casual Customer Service 206

Modern Restaurant Management

DECEMBER 28, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their opinions on what we can expect in 2021. Some of these innovations include digital menus, contactless payments, marketing solutions, and cloud-based POS. Mark Hoefer, General Manager, Le Bilboquet Atlanta. Here are their responses.

2021 164

2021 Kitchen Safety Food Safety Mobile Ordering 164

Modern Restaurant Management

DECEMBER 31, 2019

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders and experts for their insights on what will impact restaurants in 2020 and the response was overwhelming. Rick Camac, Dean of Restaurant & Hospitality Management at the Institute of Culinary Education.

2020 126

2020 Kitchen Safety Consumer Goods Point of Sale 126

Modern Restaurant Management

MAY 5, 2020

. “This pandemic has shed light on how technology can be used to quickly adapt core services within the food industry like delivery, fulfillment, and supply chains," said Lior Susan, Founder and Managing Partner at Eclipse. Delivery management has never been easier! Philly Restaurant Drive.

Guest Recovery 101

Guest Recovery Food Safety Loyalty Program Point of Sale 101