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10 Cash Flow Management Best Practices for Restaurants

Lavu

No matter what the size of your business, one truth remains: cash flow is king. Yet, while most small … 10 Cash Flow Management Best Practices for Restaurants Read More ». The post 10 Cash Flow Management Best Practices for Restaurants appeared first on iPad Point of Sale System for Restaurants, Bars & More.

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Follow These Steps to Avoid Simple Bar Trivia Mistakes!

Buzztime Business

Live bar trivia is trending nationwide. People are getting their think (and drink) on everywhere from sports bars to college town pubs. First, get the facts about trivia for bars and learn to rock your first event like a pro…without making one of these 7 rookie mistakes. You’ll save serious cash. It’s no secret.

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Bar Software that Boosts Your Revenue

Focus POS

Bar Software that Boosts Your Revenue: How POS Affects Your Profits. You might think that you have all your questions answered, but you should consider what your bar software can do for you. You might think that you have all your questions answered, but you should consider what your bar software can do for you.

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30 Bar Game Ideas + How To Choose The Perfect Game For Your Customers

7 Shifts

More and more often, we see games of all kinds played at bars, breweries, and cafes. Drinking has, of course, traditionally been the main activity that takes place at bars. Bars and cafes must adapt to provide more value to these demographics, other than just alcohol and a place to sit. Why add games to your bar.

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Why Bar Inventory Management is Crucial to Post-Pandemic Success

Sculpture Hospitality

Since the beginning of the COVID-19 pandemic, bar owners around the world have learnt a number of lessons about managing their businesses during challenging times. Perhaps no lesson, however, has been as important as understanding cash flow.

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What the Heck is a KPI and Why You Should Give a Sh*t

Embrace the Suck

In fact, the bars and restaurants that fail to capitalize on their data will find themselves in hot water. That’s happening to your bar or restaurant right now. ” It’s important to track numbers in your bar or restaurant. You want to keep an eye on the pulse (or profitability) of your restaurant or bar.

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Compare: Digital Tip Payouts vs. Cash Tip Payouts in Restaurants

7 Shifts

Restaurant transactions have been moving away from cash and towards electronic forms of payment for years—and that's extending to tips now too. Americans who leave their tips digitally tip nearly 15% more than when they tip with cash. However, more digital tips means less cash passing through the restaurant on a daily basis.