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How to Drastically Cut Expenses in Your Restaurant (and Stay Profitable During COVID-19)

7 Shifts

Please note thought: this article is meant to provide information only and is not a substitute for any professional advice you may receive from an accountant, lawyer, HR, or other professional. Download all the data from your restaurant POS or back-office management platform to get a sense of how your restaurant is operating today.

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How To Formulate A Restaurant Manager Job Description

The Restaurant Times

However, the team can only achieve the desired outcome if headed by a potent restaurant manager. Hence, a restaurant manager is an integral part of a restaurant business and plays a crucial role in steering its direction, which is why their job description must be adeptly formulated. Managing Overall Team Performance.

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Choosing the Right Restaurant Financing and Restaurant Loans

Lavu

You need funds to restock your inventory, pay your staff, obtain or renew permits, buy business assets, and replace your restaurant equipment. This article will delve into this in more details by focusing on: Definition of restaurant financing. Equipment Financing. Merchant Cash Advances. Types of restaurant financing.

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Which Accounting Reports Should Your Restaurant Keep

Lavu

In this article, you will learn about the various accounting reports that your restaurant should keep. Every restaurant owner and manager needs to review this report on a daily basis to get a picture of how the restaurant is performing. Daily sales reports show whether there is any cash missing so you can trace it back to the cause.

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Effective Restaurant Accounting Tips

Lavu

In this article, we are going to look at some of the most effective restaurant accounting tips: Understand Restaurant Accounting Terminology. A good accountant will help you in managing finances and producing key financial statements. Install a Good Restaurant POS System. They form the minority expenses of running a restaurant.

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Pitfalls Of Starting A Restaurant Franchise — Is Your F&B Concept Fit For Expansion? Are You Ready To Deal With Franchisees?

Apicbase

Every pitfall mentioned in this article includes a solution (which reminds me, you should also look into best practices for F&B franchising). That’s where an extensive operations manual comes in, including your processes, recipes, portion sizes, suppliers, safety and hygiene guidelines, equipment, pricing, appropriate furnishings, etc.

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How To Run A Successful Restaurant Franchise — 10 Essentials For Sustainable Growth

Apicbase

Managing a chain of company-owned restaurants is very different from working with franchisees. In this article, we’ll cover: Intellectual property Business plan Manual for franchisees Franchise agreement Marketing strategy Partnership with franchisees Training The right technology Feedback loops Franchise support team.