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With more than one million restaurants in the US we can flip a coin and hope for the great, will likely step through the doors of good, and far too often settle into the mediocre. So, just in case the information is not well known to some – here is the BEST OF Restaurant101, a good start. [] START WITH KNOWING THE MARKET.
Plate and menucosting is a traditionally time-consuming process. This blog covers the step-by-step basics (we’re talking Restaurant101) of how to calculate plate and menucosts and a game-changing, time-saving hack that makes the whole process a breeze.
Whether you’re a roadside fruit stand or a Michelin star restaurant, cash flow management is crucial. It doesn’t matter how fine-tuned your menu is or how much marketing buzz you have if you’re spending more money than you’re earning. Understandably, most restaurant owners aren’t financial experts.
Make your restaurant stand out online by using social proof as the foundation of your digital marketing strategy. Nearly 90% of people research restaurants online before dining out. Modern consumers are reliant on restaurant reviews because it allows them to make accurate judgments based on other people’s feedback.
Make your restaurant stand out online by using social proof as the foundation of your digital marketing strategy. Proactively collect ratings and reviews Nearly 90% of people research restaurants online before dining out. Start proactively collecting reviews for your restaurant. Ratings and reviews are pivotal in this process.
The solution is simple: Calculate your restaurant’s food cost percentage. In this article, we take an in-depth look at why this food cost number matters for your restaurant, how to calculate it, and the best way to optimize for success. Food Cost Percentage: Definition. What Is A Good Food Cost Percentage?
You can’t run a restaurant without employees, which means that processing payroll is an essential task for restaurant owners, operators, and managers. For restaurant owners and operators, the first step in understanding your payroll is to familiarize yourself with the basic concepts, regulations, and responsibilities.
Restaurant operations management is essential for the long-term health of your business. In this article, we examine the specific goals of restaurant operations management and discuss a number of ways to help you improve the program in your own business. Table of contents What is restaurant operations management?
Never in Hilton’s 101-year history has our industry faced a global crisis that brings travel to a virtual standstill”. – Christopher Nassetta, Hilton CEO. When you have increased costs and decreased revenues, how do you protect hotel profitability in spite of those challenges? How can you reduce costs? read more.
As an owner-operator, your restaurant likely sits at the center of your life. Unfortunately, if your restaurant is typical, your profit margins are exceedingly narrow. According to a recent Forbes article , sit-down restaurants make a profit of about 6%. Why run a restaurant at all? Profits equal revenue minus costs.
As an owner-operator, your restaurant likely sits at the center of your life. Unfortunately, if your restaurant is typical, your profit margins are exceedingly narrow. According to a recent Forbes article , sit-down restaurants make a profit of about 6%. Why run a restaurant at all? Profits equal revenue minus costs.
This edition of MRM Research Roundup features the latest news on restaurant recovery, delivery trends, top ice cream toppings and the ideal "delivery doughnut." Total restaurant visits were down -6 percent in May 2021 compared to May 2019 but were up +23 percent from a year ago, recovering from a -23 percent decline in May 2020.
*The following is an excerpt from my new book: Your Restaurant Culture Sucks coming out in September 2021. You should close your restaurant.". Enough silence that you knew deep down this person never expected you to say that… yet, there I was telling a restaurant owner those very words. I will never talk down to you.
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