Modern Restaurant Management

APRIL 12, 2023

You first need to have a deep understanding of your category, as well as the key drivers that make your business stick, before assessing which growth strategy is the right fit. Now that capital has dried up for many businesses across the board, there is an intense focus on profitability and unit economics.

Back of House 180

Back of House Customer Experience Retail 2024 180

Modern Restaurant Management

JANUARY 30, 2024

Ambitious restaurateurs often want to expand quickly to capitalize on initial success. There’s an art to scaling any small business intelligently. KPIs lose relevance if unrealistic for teams execute across the business. What kind of decision authority are you expecting in return for capital investments?

Leadership 204

Leadership Small Business Cash Management Customer Experience 204

Modern Restaurant Management

APRIL 11, 2024

By introducing this range of visionary features, the fast-food giant attracts new business by creating an environment where friends and family can enjoy signature food and value. Implementing automation to enhance kitchen efficiency has the potential to save businesses thousands of dollars annually.

2024 189

2024 Customer Experience Compost Loyalty Program 189

Modern Restaurant Management

MARCH 7, 2022

At 10 Point Capital, we spend a significant amount of time pre-investment getting to know management teams and their goals while sharing what we are like to work with and how we define success for an investment. Before taking outside capital, it is also crucial to have strong legal and accounting counsel.

2022 220

2022 Point of Sale Franchise Franchising 220

7 Shifts

DECEMBER 3, 2019

Still, you should conduct a thorough audit of your current restaurant(s) before expanding your business further. If the business is large enough, reach out to your franchisor to see if they can put you in touch with successful multi-location franchisees—preferably those in your area or location type (rural, urban, or suburban).

Franchise 368

Franchise Franchising Audits Point of Sale 368

Modern Restaurant Management

JANUARY 27, 2023

A business plan is necessary to clarify everything in the beginning. Many entrepreneurs who are new to the business might not consider issues like cash availability, inventory costs, and overhead costs. Strategic planning before investing is quite critical to the success of any business and can help define a clear pathway.

Cash Management 180

Cash Management Document Inventory Presentation 180

7 Shifts

NOVEMBER 22, 2021

In this article, you'll learn how to get a business loan for your restaurant so you can make your dream of starting or growing your restaurant a reality. Create a Restaurant Business Plan. Getting Your Restaurant Business Loan. Before you Begin: Create a Restaurant Business Plan. Getting Your Restaurant Business Loan.

Document 393

Document Cash Management Small Business Take-out 393

Modern Restaurant Management

SEPTEMBER 7, 2023

The Initial Purchase/Capital Costs The most you’ll spend on your ice machine at one time will be the purchase price, which ranges from $5,000-$10,000 for the most popular models. Most business owners believe that the purchase price represents 80% of ice machine ownership costs. Commercial ice machines are the exact same way.

Equipment 190

Equipment Customer Service Small Business Point of Sale 190

Open for Business

DECEMBER 12, 2023

Quick links Chapter 1: Business structure The right business structure Overview of a common business structure Chapter 2: The financials How much will you need? Overview of a common business structure There is no blanket “best” or “worst” way of structuring your business. What makes someone a good Investor?

Back of House 78

Back of House Restaurant Law Email Marketing Small Business 78

Modern Restaurant Management

JANUARY 25, 2023

Many restaurateurs dream of growing into multiple locations, but it takes a lot of capital investment to get there. At my restaurant development and investment firm Full Course, we work with emerging brands to develop leadership, optimize business practices and ultimately provide financial investment for expansion.

Point of Sale 208

Point of Sale Coaching Social Media Leadership 208

Modern Restaurant Management

JULY 13, 2022

With the onset of the pandemic, the restaurant industry cratered after experiencing massive labor shortages and business loss, compounding the existing challenges. Some software solutions even do the marketing work for you- automating email and SMS campaigns – so you can focus on day-to-day business management. Marketing.

Franchise 215

Franchise Franchising Operations Loyalty Program 215

7 Shifts

JULY 21, 2020

Shelter-in-place orders, social distancing, and business closures make it next to impossible to generate pre-coronavirus revenue numbers. From small business loans to microgrants to business credit cards, cash is available; it just takes a bit of application work and a little know-how. And no money means mo' problems.

Cash Management 300

Cash Management Government Small Business Healthcare 300

Modern Restaurant Management

JANUARY 9, 2023

Restaurant operators are “braced for potential challenges” this year, according to the latest National Restaurant Association Business Conditions survey Currently, 50 percent of operators across the U.S. In total, 65 percent of midsize businesses and 61 percent of small businesses expect a recession in the year ahead.

2023 141

2023 Employee Relations Food Supply Small Business 141

Modern Restaurant Management

JANUARY 24, 2024

Businesses use the 2D barcode in new, exciting ways every day. To capitalize on this momentum, here’s how to use QR codes as part of your recipe for creating brand awareness and improving customer experience. But QR codes offer much more than a pathway to a menu on our phones.

Loyalty Program 198

Loyalty Program Social Media Coupons Customer Experience 198

Perfect Daily Grind

MARCH 19, 2023

As with any agricultural commodity, capital and access to finance are essential for coffee farmers. Moreover, access to capital becomes even more important when we consider that some producers have been facing financial challenges for many years. What is capital? A coffee farm sells goods, and is therefore a business.

Equipment 130

Equipment Pricing Article Sustainability 130

Modern Restaurant Management

MARCH 26, 2024

This data can be instrumental in developing targeted loyalty programs and marketing strategies that drive repeat business Adapting menu offerings to meet game day demands, for example, can significantly boost sales. Data indicates a notable spike in orders for popular items like chicken wings and pizza during the tournament.

Technology 118

Technology Loyalty Program Mobile Ordering Online Ordering 118

Restaurant Technology Guys

NOVEMBER 13, 2022

In his career, he has proven success with market leaders and start-ups across software, business services, human capital management, and finance industries. Brian Radin is the President of Comdata Prepaid. Fintwist – Superior Workforce Payment Solutions (fintwistsolutions.com).

Technology 110

Technology Leadership Sustainability Hiring 110

Modern Restaurant Management

OCTOBER 22, 2021

Still, because there are many competing businesses in the dining sector, it’s becoming increasingly difficult to stand out from the crowd. The use of capital letters (with the word FREE) and bright colors make this ad appealing. That means you have to target people living in or visiting the area close to your business.

Social Media 198

Social Media Advertising Events Customer Experience 198

Modern Restaurant Management

APRIL 23, 2021

New mover marketing helps restaurants capitalize on the housing boom by building relationships with new residents in their community. Restaurants can welcome new residents by participating in a one-time-use housewarming gift filled with offers on behalf of local businesses in the community.

Marketing 216

Marketing Social Media 2005 Franchise 216

Modern Restaurant Management

SEPTEMBER 9, 2021

Small Business Administration (SBA) today announced an overhaul to the Economic Injury Disaster Loan (EIDL) program, increasing the loan cap and expanding the ways small business restaurants can use the funds. Requirements for businesses that are affiliated will now mirror the Restaurant Revitalization Fund.

Small Business 136

Small Business Back of House Government 2021 136

Modern Restaurant Management

DECEMBER 1, 2021

As with so many other areas of your business, your updates can significantly benefit from applying a little strategy to the process. Timing is everything in most areas of business. If you have consistently busy periods, you may need to make your renovation in stages. Knowing the Right Time. Arranging Your Finances.

Front of House 203

Front of House Back of House Customer Experience Equipment 203

Modern Restaurant Management

JANUARY 3, 2024

At First Watch, we are confident in our brand, value proposition and one-shift, “No Nights Ever” approach that we believe helps attract best-in-business talent. As AI continues to evolve in 2024, we expect to see a shift in how regularly people use AI and capitalize on its capabilities. – Joe Hand Jr.,

2024 133

2024 Loyalty Program Customer Experience Customer Service 133

Sling

MARCH 16, 2021

Human capital management may sound like an impersonal process that your HR department uses once in a while without your business even noticing. Human capital management is an extremely personal process that affects the happiness, focus, and engagement of your employees. What Is Human Capital? Engagement. Commitment.

Management 78

Management Management Leadership Employee Relations 78

Modern Restaurant Management

APRIL 22, 2021

While the bottom-line implications such as labor and wage increases will have on restaurants and businesses are still being argued, the reality is that any disruption to cost structures introduces a level of uncertainty to the business environment. It isn’t all doom-and-gloom, however, for the hospitality industry. ”

Hiring 141

Hiring Food Safety Online Ordering 2021 141

Modern Restaurant Management

JANUARY 6, 2022

As the public has gotten used to the prevalence of curbside pickup and delivery, restaurants who do not offer online ordering may find they are struggling more to generate business. Capitalize on New Patrons Discovering You with Promotional Cards. Experts say that the trend of ordering food for delivery is here to stay: 49.4

2022 198

2022 Online Ordering Loyalty Program Customer Experience 198

Modern Restaurant Management

JUNE 18, 2021

Health and wellness branding is in the spotlight during this episode of The Main Course as host Barbara Castiglia speaks with Ross Franklin, the Founder and CEO of Pure Green, an omnichannel business that is one of the fastest-growing, cold-pressed juice companies and juice bar franchises in the United States.

Franchise 180

Franchise Franchising 2015 Bar 180

Modern Restaurant Management

JUNE 9, 2023

Business owners must know the risks and potential pitfalls involved in setting up a new restaurant so their investment is protected. They have to adhere to a set of common guidelines to ensure their business hits the ground running. Conduct Market Research Market research helps you define your business purpose.

License 163

License Document Hiring Fine Dining 163

Modern Restaurant Management

OCTOBER 7, 2020

As a business owner or franchisee in the restaurant industry, accounting can be one of the biggest headaches you face. Whether you own one restaurant location or dozens, mom-and-pop business owners and franchisees are often forced to wear every hat, from CFO to HR officer. Here’s the good news. Tech Savvy and Expertise.

Back of House 158

Back of House Inventory Consumer Goods Technology 158

Modern Restaurant Management

FEBRUARY 3, 2022

If you’re in the process of searching for a site in which to open a restaurant – or if you wish to move or expand your existing business to an additional location – it’s important to consider whether you’ll be buying or renting. Property of any kind can represent a great asset for your business.

Restaurant Law 204

Restaurant Law Cash Management Insurance Seating 204

Sante

MARCH 18, 2020

Teaser: In response to the Coronavirus, the Colorado Center for Innovation in Community Capital LLC is launching a series of products and services to assist small businesses in rapidly obtaining funding from disaster relief programs. fund #capital #investor #sba #funding #investors. Get details here.

Small Business 130

Small Business Innovation Government Marketing 130

Sante

APRIL 2, 2020

If you are changing business models, then you will need to get different resources. On that aim, we partnered with The Capital Innovation & Technology Institute to develop The Small Business Pandemic Survival Kit. Karl Dakin established The Capital Innovation & Technology Institute LLC.

Small Business 130

Small Business Email Marketing Innovation Technology 130

Lavu

SEPTEMBER 28, 2022

Powered by Parafin , a full-stack, embedded fintech company, Lavu Capital gives restaurants, primarily small businesses, easy access to fast capital that typically is not available through traditional bank financing. After accepting, the merchant receives the funds directly to their bank account in 1-2 business days.

Cash Management 78

Cash Management Point of Sale Small Business Mobile Ordering 78

Modern Restaurant Management

OCTOBER 12, 2020

How to improve customer experience, capitalize on new opportunities, and implement innovative technologies. Here are the tips three leading industry leaders have for improving customer experience, capitalizing on new opportunities, and incorporating innovative technology: 1. Focus on Customer Experience and Personalization.

Customer Experience 216

Customer Experience Fine Dining Mobile Ordering Innovation 216

The Restaurant Times

SEPTEMBER 30, 2021

Running a successful business takes hard work and a lot of risks. Opening a restaurant with low capital is a big risk in itself. This article aims to present you with low-risk ways of opening up a restaurant even if you are low on capital. 6 Ways To Open A Restaurant With Low Capital. Source: Business Insider India.

Food Truck 52

Food Truck Small Business Point of Sale Catering 52

Modern Restaurant Management

DECEMBER 8, 2021

cities to visit, as it comes out on top as the Drive-Thru Capital of America, according to a new report from Chrysler Capital. for this metric, with reports indicating that the number of drive-thru restaurants in the city has seen a swift increase as businesses found new ways to operate at the start of the pandemic.

Entertainment 202

Entertainment Take-out Operations Marketing 202

Restaurant365

APRIL 27, 2020

(April 28, 2020) — Restaurant365 , the leading all-in-one restaurant management platform, announces the launch of R365 Capital, a program designed to help restaurants quickly access the capital they need to thrive. Loan advisors advocate on behalf of restaurants and help them find the loan that’s best for their business.

Small Business 103

Small Business Customer Service Document Government 103

The Restaurant Group

SEPTEMBER 16, 2020

Through this innovation and will to thrive, businesses in the industry can capitalize on the opportunities available in this new environment. According to Euromonitor , ghost, or “virtual”, kitchens could be a $1 trillion business by 2030. However, this business model cannot support all products. Tech Takeover.

Online Ordering 148

Online Ordering Delivery Point of Sale Customer Service 148