Indoor Media

AUGUST 5, 2021

We’ve previously discussed B2C marketing on this blog — but what of B2B marketing? These two business marketing terms provide an important lens for studying other businesses’ marketing strategies and defining a plan for your own business. B2B business happens behind the scenes in the supply chain.

Marketing 78

Marketing Advertising Email Marketing Customer Service 78

Restaurant365

FEBRUARY 6, 2020

Restaurant bookkeeping involves financial and accounting practices that track your business’ detailed costs and revenue. With organized financial practices and relevant, sophisticated reporting, bookkeeping can help you create a strong foundation for your business decisions. Step 1: Record Sales Through Your POS Daily.

Point of Sale 138

Point of Sale Inventory POS Cash Management 138

Restaurant365

DECEMBER 11, 2020

The events of this year made running a lean, streamlined restaurant business a necessity to survive the many shifts. As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. The year 2020 prompted enormous changes in the restaurant industry.

2021 136

2021 Cash Management Management Management 136

Restaurant365

JANUARY 28, 2020

Forecasting for restaurants is estimating key metrics like future sales, customer traffic, or menu item ordering mix based on historical sales data, economic trends, or market analysis. Next, you will need to translate the period sales forecasts into how much labor is required for that amount of business.

Inventory 145

Inventory Seasonal Menu Employee Relations Customer Experience 145

Rocket Fuel

MAY 1, 2023

Plus, with inflation sending food costs through the roof, maximizing QSR beverage sales is the life raft your business needs. To answer this question, let’s benchmark your store’s performance. ” “Did you know you can upgrade to a larger soda for just a small upcharge?” beverages per transaction.

Beverage 52

Beverage 2023 Coaching 2022 52

Touch Bistro

MAY 18, 2021

Not only does email marketing generate great results for businesses, but it’s also one of the easiest forms of marketing to execute. Many of these services are free to use if you’re starting with a very small list of contacts. If you have a larger email list, you may have to pay a small monthly fee to use these services.

Email Marketing 97

Email Marketing Marketing Loyalty Program Mobile Ordering 97

Restaurant365

OCTOBER 23, 2019

Prime cost includes the products and the people that keep your restaurant in business. To calculate prime cost, restaurant owners should be tracking two key metrics about restaurant operations. Say you want to calculate your restaurant’s prime cost for one week of business. What to Include In Your Prime Cost Formula.

Point of Sale 74

Point of Sale Inventory Employee Relations Insurance 74

The Restaurant Group

OCTOBER 21, 2019

The outcry comes in response to the news that plastics contribute 8 metric tons of pollution every year to our oceans; news that was bolstered by a video showing a plastic straw being removed from the nostril of a sea turtle. If you’re a small dining establishment, you may think that your decision on reducing plastic is inconsequential.

Food Safety 60

Food Safety Small Business Hospitality Dine-in 60

Notch

MARCH 12, 2019

Anyone who works in the restaurant business knows how tough it can be to make a living in an industry where profit margins tend to hover at only around 6%. Read More : 14 Essential Restaurant Metrics Every Owner Should Measure and Track. If a normally busy night is slower than expected, you might need to send some people home early.

Front of House 74

Front of House Fast Casual Back of House Fine Dining 74

Notch

JANUARY 23, 2019

It's not only your business and your livelihood— it's also your dream. In fact, the basic formula for more profits is universal, regardless of the business you're in. This means spending less money on your business and getting more guests to spend more money at your business. Profits equal revenue minus costs.

Email Marketing 72

Email Marketing Merchandise Website Management Point of Sale 72

Notch

MARCH 12, 2019

Anyone who works in the restaurant business knows how tough it can be to make a living in an industry where profit margins tend to hover at only around 6%. Read More : 14 Essential Restaurant Metrics Every Owner Should Measure and Track. If a normally busy night is slower than expected, you might need to send some people home early.

Front of House 52

Front of House Fast Casual Back of House Fine Dining 52

Notch

JANUARY 23, 2019

It's not only your business and your livelihood— it's also your dream. In fact, the basic formula for more profits is universal, regardless of the business you're in. This means spending less money on your business and getting more guests to spend more money at your business. Profits equal revenue minus costs.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52

7 Shifts

NOVEMBER 19, 2019

In this post, we’ll define restaurant labor cost percentage, explain how to calculate it, share our thoughts on an ideal labor cost percentage, and give you some tips for controlling restaurant labor cost percentage for your business. What is Restaurant Labor Cost Percentage? Benefits (Health Care, Employee Discounts, etc.). Payroll Taxes.

Management 253

Management Management Employee Relations Restaurant Law 253

Modern Restaurant Management

AUGUST 16, 2021

This edition of MRM Research Roundup features the latest facts and figures of restaurant operations, the state of business dining, and the mid-year gift card report. With most of their business reliant on dine-in visits, full service restaurants (FSR) bore the brunt of the COVID dine-in restrictions. “The U.S.

2021 178

2021 Guest Recovery 2019 Loyalty Program 178

Restaurant365

DECEMBER 16, 2021

You can leverage this information to improve the way your business operates on a day-to-day basis and over the long-term. With restaurant-specific metrics, you can get a detailed look at your profitability, food costs, and labor costs, accessing data that can drive strategic decisions. Daily Sales Summary. Weekly Review by Location.

Operations 78

Operations Point of Sale Employee Relations Waste 78

PathSpot

APRIL 26, 2024

Understanding the Impact of Cleanliness on Your Business Trust and Loyalty are critical for customer loyalty. It can result in foodborne illnesses, infections, and outbreaks, harming your business’s reputation and potentially leading to legal consequences. Customers are quick to share their experiences online.

Hospitality 40

Hospitality Food Safety Kitchen Safety Food 40

Sling

OCTOBER 1, 2021

The easiest, and most common, way to look at this important metric is as a ratio: Total Cost Of Ingredients / Total Food Sales. Before you can figure out your actual food cost percentage, you need to do some preparatory work to find out how much your business spends on food and how much it uses every week. x 100 = 26%).

Definition 78

Definition Food Seasonal Menu Inventory 78

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. If you have multiple locations, you have probably seen that even within the same concept, stores can vary significantly in culture, performance, quality, service, and more.

Management 78

Management Management Inventory Hiring 78

Restaurant365

JANUARY 13, 2021

Whether you have a few locations or dozens, the success of the business depends on the performance of the individual locations. Empowerment means more metrics to track. This sales per labor hour (SPLH) metric is a key measure of the productivity of your staff. So, how do you empower your store-level managers?

Management 78

Management Management Point of Sale Waste 78

Lavu

MARCH 11, 2020

Whether you are looking for effective inventory management software or just a POS system for your business, restaurant management software is something you cannot afford to miss. It helps restaurant owners and their managers to run a restaurant business end to end. The role of restaurant management software cannot be overlooked.

Management 78

Management Management Cash Management Mobile Ordering 78

Restaurant365

APRIL 16, 2021

No matter where your restaurant’s profit margin lies, it’s essential to track this metric over time. Being able to make small, immediate changes to food and labor allows managers to head off costly, long-term problems, and it also informs better ordering and scheduling to help control your prime costs.

Loyalty Program 88

Loyalty Program Point of Sale Guest Recovery Seasonal Menu 88

Restaurant365

FEBRUARY 24, 2021

It’s common that a single-location, small-sized restaurant may start the business with generic accounting software, like QuickBooks. And when a business only has one set of books to manage, this bookkeeping solution may function well enough at first. The function of a reporting period is to compare performance over time.

Inventory 78

Inventory Point of Sale POS Franchise 78

Restaurant365

JANUARY 13, 2021

Whether you have a few locations or dozens, the success of the business depends on the performance of the individual locations. Empowerment means more metrics to track. This sales per labor hour (SPLH) metric is a key measure of the productivity of your staff. So, how do you empower your store-level managers?

Management 15

Management Management Point of Sale Waste 15

Clover - Restaurants

MARCH 8, 2024

Conduct market research into potential expansion locations to see what’s already in business and where there’s a need for what you offer. Once you’ve confirmed your restaurant has the potential for success in a new particular area, you can evaluate and strategize other parts of your business operations. Calculate the cost of expansion.

Loyalty Program 52

Loyalty Program Small Business Point of Sale POS 52

Black Box Intelligence

NOVEMBER 1, 2021

Restaurant Industry Performance Pulse. The best performing regions of the country during the week were the Southeast, Florida, Texas and the Western region (which excludes California). . Lately, there have been small improvements in full-service brands. . Weekly Restaurant Insights. October 27, 2021. and across all segments.

Fast Casual 84

Fast Casual Guest Recovery Fine Dining Point of Sale 84