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Creating a Culture of Honesty in Foodservice

Ken Burgin

Short points about your commitment to honesty and hard work, plus care and respect for customers and for the staff. Approachable management: someone in authority who staff can talk to if they notice things aren’t right. Approachable management: someone in authority who staff can talk to if they notice things aren’t right.

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How To Calculate a P&L Statement For Your Restaurant

BNG Point of Sale

Having one is crucial because restaurant profit margins are typically low, which means keeping a tight track of sales and expenses is integral to maintaining a healthy profit. . Sales Breakdown: Here you list all items you sell and how much money each item has brought for a given time period.

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Winter Gift & Promotion Ideas for Your Shared Kitchen Food Businesses

The Food Corridor

With the holiday season fast approaching, there’s plenty of opportunities to boost sales by offering products and services that can be given as gifts. National Retail Federation predicts that holiday sales will rise 6%-8% this year. Consider partnering with your local farmers market manager to pull in additional vendors.

Food 52
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Business Budget 101: How To Budget For Your Small Business

Sling

When you think about it, creating a business budget is probably one of the least exciting responsibilities of being a manager or an owner. In this article, the management experts at Sling discuss budgeting 101 and give you tips on how to build a business budget for your company, regardless of size.

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5 Reasons Why Restaurants Are Going Cashless

Lavu

Some restaurant chain owners see the transition as a step toward the future, largely because restaurant point-of-sale systems make it so easy. Not accepting cash eliminates the risk of thefts and reduces crime rates in general. After all, how could the oldest form of currency not be accepted as payment?

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A Guide to a Restaurant’s Ideal Profit Margin for Food

BNG Point of Sale

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. . A Guide to a Restaurant’s Ideal Profit Margin for Food . 30% food costs . 30% labor . 30% overhead expenses . 10% profit .

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How Can A POS Software Transform Restaurant Management System?

The Restaurant Times

Here is when Point of Sale or POS software comes into the picture. Harnessing the POS software, restaurateurs have enhanced their restaurant management systems to stay pro-active in the competition. . This article aims to highlight how POS software can transform your restaurant management system by automating it.

POS 52