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10 Cash Flow Management Best Practices for Restaurants

Lavu

No matter the size of your restaurant, one truth remains: cash flow is king. Restaurant cash flow management is the lifeblood of your business. Yet, while most small business owners know this truth, many still struggle with basic cash flow definitions, fundamentals, and management strategies that actually maximize benefits.

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ANYTHING WORTH DOING IS WORTH DOING EXTREMELY WELL

Culinary Cues

If you are making a cash deposit – take an extra few seconds to make sure the bills are facing in the same direction, and not bent, properly counted, and double checked for accuracy. Then go about finding out how to be a world-class dishwasher, breakfast cook, prep cook, grill person cooking hot dogs, server, bartender, chef, or manager.

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How to Avoid the Top Seven Restaurant Inventory Management Mistakes

Modern Restaurant Management

Inefficient restaurant inventory management practices, improper storage, gaps in inventory logs, theft, and waste can cause even the most successful kitchens to struggle or fail. Below are the top seven inventory management mistakes restaurants are making, and how to correct them. Always date and label everything.

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How to Effectively Sanitize & Clean Your Restaurant

7 Shifts

each surface that comes into contact with food, and any supplies or equipment that’s used through the day. If you’re using a task management app like 7tasks , ensure that each task is assigned to a specific person to enforce accountability—and have your managers check the task list progress throughout the shift.

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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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THE RESTAURANT ECO-SYSTEM NEEDS HELP

Culinary Cues

A reduction in restaurant business leads to crop waste, unplanted land, and serious cash flow problems for farmers. If this is not provided then an important part of our culture, a major employer of people, and the heart of the food ecosystem will not survive. They need help now!

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How to Get a Better Deal from Food & Beverage Suppliers

Ken Burgin

The best way to manage this paradox is to have some supplier tips and tools up your sleeve – here are some suggestions. But suppliers need to promise long term goals to the farmers and companies supplying them with goods, often on a quarterly or seasonal basis – they think medium to long term. Understand the Friction.