Restaurant365

MARCH 13, 2020

As a restaurant owner or operator, you’re no doubt feeling the effects of the coronavirus. According to restaurant industry research group Technomic , one-third of Americans say they plan to stick closer to home and dine at restaurants less frequently due to fear of the spread of the virus, also known as COVID-19.

Mobile Ordering 167

Mobile Ordering Online Ordering Food Order Events 167

Hot Schedules

DECEMBER 6, 2019

How to Achieve Accurate Forecasting. When planning ahead, forecasting methods — and accuracy — vary dramatically restaurant to restaurant. How accurate is your forecast? H ow does your restaurant forecast demand? Every manager forecasts differently. This approach is called demand forecasting.

White Paper 109

White Paper Inventory Employee Relations Download 109

Restaurant365

AUGUST 25, 2020

Comprehending your restaurant cash flow is essential to running your restaurant business. Cash flow refers to the amount of cash coming into your restaurant minus the amount of cash going out on a daily, weekly or monthly basis. Some of the main causes of cash flow problems in restaurants are: Low profits (or losses).

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Restaurant365

DECEMBER 20, 2021

As a restaurant finance or accounting leader, you and your team can play a unique role in supporting your operations team. Your restaurant group’s profit margin depends on two areas: top-line revenue and controlling expenses. Why restaurant finance should guide restaurant operational efficiency.

Operations 78

Operations Leadership Point of Sale Cash Management 78

Focus POS

JANUARY 15, 2020

When a technology solution affects as many areas of business as your restaurant POS system does, it can be difficult to track the true return on investment (ROI) that it offers. The first step to understanding the true ROI from a restaurant POS system is to determine quantifiable factors that are influenced by the POS.

POS 151

POS Front of House Loyalty Program Inventory 151

Hot Schedules

JULY 22, 2019

A s any restaurant operator or manager knows, running the day-to-day comes with a million demands on your time. It is one of many strategies that can help your restaurant operate more profitability. For more hints and tips on improving efficiency, download our complimentary Increasing Restaurant Profitability Guide. . .

Management 60

Management Management Demo Download 60

Hot Schedules

APRIL 10, 2020

Top Ten Restaurant Task List. From restaurants and wholesalers to farmers and independent operators, it is refreshing to see how the industry is pivoting to keep the doors open. Brush up on forecasting If you are forecasting pro, you are aware of the need to document these times that we will view as an anomaly sometime in the future.

Food Safety 88

Food Safety Guest Recovery Employee Relations Social Media 88

Hot Schedules

AUGUST 25, 2021

Meaningful Metrics: Empower Restaurant Managers with the Right Data to Drive Smart Decisions. A t every restaurant, metrics matter. It’s up to operational leadership to measure them, monitor them, and make them align to annual initiatives — while also making those metrics relevant for day-to-day restaurant performance.

Management 138

Management Management Food Safety Leadership 138

Lavu

NOVEMBER 18, 2022

If you’re ready to turn your dream of opening a pizza restaurant into a reality, here is an example of a pizza business plan to help you get started. For additional help, check out Lavu’s free ebook How to Build a Restaurant Business Plan. Company Overview In the next section, dive deeper into the details of your restaurant.

Loyalty Program 78

Loyalty Program Download Document Point of Sale 78

Hot Schedules

MAY 18, 2021

At Fourth, we took it a step further, dedicating the day to showing solidarity with the restaurants and servers vital to our communities. At Fourth, we took it a step further, dedicating the day to showing solidarity with the restaurants and servers vital to our communities. The Fourth Awakens. MayTheFourth.

Franchise 148

Franchise Franchising Employee Relations Point of Sale 148

Focus POS

DECEMBER 8, 2021

During a “normal” year, restaurant owners and operators face issues such as cash flow and capital, inventory management, hiring and training and providing excellent customer service. However, the right point of sale system can help alleviate some of these restaurant challenges so business owners can stay ahead of their competition.

Mobile Ordering 148

Mobile Ordering Point of Sale Cash Management Food Supply 148

Restaurant365

SEPTEMBER 10, 2021

Inventory management tracks what’s going in and out of your restaurant for a specific period, and what product is in your restaurant at any given time. Inventory control is a key piece of your food cost and, ultimately, the profit margin for your restaurant location. How can you best approach restaurant inventory management?

Inventory 138

Inventory Management Management Point of Sale 138

Hot Schedules

NOVEMBER 12, 2020

When you decide to give your order to a supplier it is always a good idea to fix your pricing for as long as possible to sustain an accurate business forecast. To find out how to cut costs, not corners, to effectively manage your supply chain check out our procurement and inventory guide. Top Five Supply Chain Management Tips. .

Supplies 78

Supplies Management Management Allergens 78

Focus POS

DECEMBER 19, 2019

With robust reporting, you can easily identify ongoing trends during busy or slow periods and use the data to staff more appropriately, better forecast inventory needs, hold your staff accountable, reduce food waste and other costs, and offer more profitable promotions to customers. CTA link: Get your free buyer’s guide: Focus POS Systems.

POS 107

POS Hospitality 2020 Loyalty Program 107

Restaurant365

NOVEMBER 26, 2019

Restaurant management software can streamline restaurant operations, helping you become more efficient and profitable. However, not all restaurant management systems are created equal — and the tools you have access to can play a large role in your success. Restaurants process a large number of credit card and cash transactions.

2020 117

2020 Management Management Mobile Ordering 117

Mad Mobile

FEBRUARY 22, 2024

Statistic Detail 46% 46% of adults think technology has a positive impact on their restaurant experience. 47% 47% of operators predict an increased reliance on technology and automation to address labor shortages in their type of restaurants by 2024, including 44% of full-service and 49% of quick-service. trillion in 2024.

2024 40

2024 Technology Customer Experience Dietary Restrictions 40

Restaurant365

FEBRUARY 19, 2020

Staying competitive in the modern restaurant industry requires devoting time, energy, and resources to restaurant accounting. . Modern restaurant accounting methods depend on accurate and timely data about your business. What is Restaurant Accounting? The restaurant industry is infamous for slim margins.

Point of Sale 120

Point of Sale Cash Management Inventory Consumer Goods 120

Hot Schedules

APRIL 20, 2019

US Restaurants generate between 22 and 33 billion pounds of food waste every year. In fact, the restaurant industry throws away $25 billion worth of food every year. In fact, the restaurant industry throws away $25 billion worth of food every year. Many restaurants end up paying for things they didn’t order.

Waste 60

Waste White Paper Cash Management Inventory 60

Focus POS

AUGUST 1, 2019

For those with innovative restaurant analytics software, it’s a breeze. Simple reporting software can give you a snapshot of the day, but restaurant analytics software can help you answer the big questions, such as: 1. What are the most popular entrées, appetizers, and desserts? That’s where restaurant analytics comes in.

POS 103

POS Customer Experience Inventory Menu 103

Restaurant365

DECEMBER 2, 2019

The restaurant industry never stops moving, and your success depends on how you manage all of the moving pieces. Running a restaurant requires a strong management system to help you maximize efficiency, improve your profitability, and grow in the future. Here are the top 9 reasons you need to have a restaurant management system.

Management 97

Management Management Point of Sale Inventory 97

Restaurant365

FEBRUARY 25, 2020

What is the average profit margin for a restaurant can be an essential, but tough, question to answer. Your restaurant profit margin depends on a number of factors that may be beyond your control. . What is the Average Restaurant Profit Margin? The profit margin varies by type of restaurant, as explored below. .

Loyalty Program 183

Loyalty Program Fast Casual Point of Sale Online Ordering 183

Focus POS

MAY 5, 2020

POS software for restaurants does more than just process transactions. These powerful solutions give you a bird’s-eye view into your restaurant—even when you aren’t on site—so you can forecast, schedule and order more efficiently. Inventory—ingredients and beverages—top the list of the costliest budget items for a restaurant.

POS 120

POS Point of Sale Mobile Ordering Inventory 120

Restaurant365

APRIL 1, 2021

For multi-unit restaurant operators, your store-level restaurant manager is one of the greatest influences on an individual location’s performance. Upper management or corporate can implement any number of policies, but it is the store manager that connects it to individual restaurant team members. Optimizing labor costs.

Management 78

Management Management Inventory Hiring 78

Restaurant365

OCTOBER 1, 2021

If you want to improve your restaurant profit margin, it depends on many factors. In the end, understanding how to calculate gross profit and net profit can help you understand the health of your restaurant business finances and where you can make helpful adjustments that add to your bottom line. Why restaurant profit margins are low.

Point of Sale 78

Point of Sale Food Truck Loyalty Program Inventory 78

Restaurant365

JULY 29, 2021

Restaurants lost $270 billion in 2020 due to COVID-19 shutdowns and restaurant restrictions, and the crisis sent many companies into a tailspin. According to the National Restaurant Association , in 2020, 110,000 restaurants closed permanently, and 2 million restaurant industry jobs were lost.

Cash Management 78

Cash Management Point of Sale Inventory Loyalty Program 78

Restaurant365

OCTOBER 14, 2020

For restaurant owners and operators in particular, in the midst of making the thousands of decisions needed to run a restaurant business, it’s easy to forget about the restaurant budget. There are four stages to your restaurant budget: Plan. A restaurant budget is critical for profitability and success.

Point of Sale 78

Point of Sale Email Marketing Advertising Cash Management 78

Restaurant365

MAY 26, 2020

The economy may be in flux right now, but as restrictions start to lift and limited dine-in is allowed in most states, restaurants are at a critical juncture. However, as the restaurant industry and your business move to a new normal, returning to tracking and controlling costs is more important than ever. CoGS (Cost of Goods Sold).

Point of Sale 148

Point of Sale Employee Relations Inventory Waste 148

Restaurant365

DECEMBER 12, 2019

For restaurants in particular, the impact of how technology is changing the restaurant industry is only growing bigger. From the front counter to the kitchen, technology is everywhere in restaurants. Today’s technology used in the restaurant business is growing at a breakneck pace.

2019 88

2019 Technology Front of House Mobile Ordering 88

Focus POS

JUNE 27, 2019

Restaurant management is a complex task requiring a delicate balance of managerial skills and software. We’ve put together a guide you can use to help you choose the best technology for your restaurant and how it can help you run a more profitable business: General Restaurant Management. » Restaurant Labor Management.

Management 121

Management Management Franchise Franchising 121

The Restaurant Times

DECEMBER 30, 2021

during the forecast period. Step-by-step Guide To Start A Functional Food Business In The UK. But not to worry, as this blog post will make things easier for you by providing step-by-step guidance to open a functional food business in the UK.

Food 52

Food License Cash Management Consumer Goods 52

Qu

MARCH 16, 2023

Talking heads can predict a brave new world or warn of gloom and doom, but if you’re interested in the issues that will actually affect the restaurant industry, it’s best to go to the source: senior leaders from the actual brands that populate the space. This was not that shocking, given that restaurants manage many competing technologies.

2023 52

2023 Fast Casual Point of Sale Technology 52

Restaurant365

OCTOBER 29, 2019

Restaurant reports distill complicated restaurant data into informative snapshots about the financial health of your business. The basics of restaurant reporting. These automated restaurant reports are easy to view, analyze, and apply in one location or across multiple stores. Different types of restaurant reports.

Point of Sale 74

Point of Sale Inventory Pricing POS 74

Hot Schedules

MARCH 26, 2019

In fact, the Gallup Blog reported that companies that address employee engagement see customer satisfaction rates rise by 10%, while sales increase by an average of 20%. Gallup reports turnover rates as high as 150% in quick-service restaurants and 103% for hourly staff in full-service brands. Culture as a Competitive Advantage.

Employee Relations 60

Employee Relations Front of House Allergens Back of House 60

Restaurant365

NOVEMBER 19, 2019

Becoming successful in the restaurant industry is difficult but staying ahead of operational challenges is even harder. To prepare for the new year, restaurant owners, operators, and managers need to start planning now. Employees determine the customer service experience in a restaurant. Finding and training staff.

Operations 92

Operations 2020 Mobile Ordering Social Media 92

Modern Restaurant Management

APRIL 2, 2020

For additional resources, click COVID-19 Survival Guide for Restaurants and MRM Restaurant Survival Guide, Second Course and MRM Restaurant Survival Guide, Part Three. The National Restaurant Association Educational Foundation has launched the Restaurant Employee Relief Fund to support U.S.

Healthcare 205

Healthcare Employee Relations Online Ordering Customer Service 205

Restaurant365

JUNE 2, 2020

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.

Tip Distribution 109

Tip Distribution Restaurant Law Cash Management Front of House 109

Restaurant365

MARCH 3, 2020

Your restaurant labor cost and labor percentage are two of the most essential business metrics to track, especially as minimum wages rise around the country. Labor is one of the biggest expenses for a restaurant. The methods for controlling restaurant labor costs vary by the type of restaurant.

Point of Sale 99

Point of Sale Front of House Fine Dining Back of House 99