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How to Expand Your Franchise: A 10-Step Roadmap for Restaurants

7 Shifts

Step 1: Audit Your Current Location(s) Before you start planning for your future, take a look at your past and your present. Still, you should conduct a thorough audit of your current restaurant(s) before expanding your business further. Looking for a new source of capital this time around? Next, you need a location.

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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.

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How Dark Kitchen Businesses Can Recoup Their Start-Up Costs and Reach Break-Even Faster

The Restaurant Times

Forecast The cash flow . With a cash flow forecast, you can gain insights about how to manage your cash flow better. Using a cash flow forecast will give a fair understanding of the cash inflows and expenses, so you can be better prepared to make decisions. . Avoid The Credit Business.

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How Restaurants Can Protect Themselves From Cyber Attacks

Modern Restaurant Management

A few months back, several Tim Hortons locations were forced to shut down after a computer virus infected cash registers at more than 1000 stores. Is the vendor’s security audited by a third-party company? Unpatched security vulnerabilities are still the most frequent source of security holes for small businesses.

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What Trends Are You Seeing and What Can We Expect to See More of in 2022?

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their views on trends. With more options to work outside of the hospitality industry, operators must offer employees more scheduling flexibility, facilitate transparent communication between management and team members, and avoid overworking staff.

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How to Successfully Automate Accounts Payable for your Restaurant

Restaurant365

All approval process workflows are accessible through a centralized email or dashboard, and an audit log tracks all decisions. Accidentally keying in a small AP mistake can lead to hours tracking down the source, and paper-based failed, duplicate, or late payments can impact your bottom line. Step 3: Pay.

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Choosing The Best POS System For Restaurants In The UK

The Restaurant Times

Managing a restaurant is a daunting task. Handling inventory, staff and customers, along with keeping track of analytics and reports all at the same time can become cumbersome for the restaurant manager. It enables you to manage each task efficiently. . Source: DinePlan. Let us see how. Has User-Friendly Interface.

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