Remove Cash Management Remove Catering Remove Employee Relations Remove Website Management
article thumbnail

Protect Your Restaurants from Invoice Fraud through Technology

Modern Restaurant Management

Currently, the average US business is losing $300,000 to payments fraud each year according to the latest Financial Census , a study which surveyed 2,750 senior finance executives across the globe – 15 percent of whom work in the retail, catering and leisure industry.

article thumbnail

Surviving COVID-19: 7 Financing Options for Restaurants

7 Shifts

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. PPP Loans The Paycheck Protection Program seeks to protect jobs and cover other employee-related expenses by offering small businesses SBA loan amounts up to 2.5

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Complete Guide to Creating a Winning Restaurant Newsletter (+Real Examples)

7 Shifts

Now that you know what email newsletters can do for your restaurant, it's time to create a newsletter that wins hearts and sets the cash register ringing. Don't let your customers leave your website without offering value. Footer : share the links to your social profiles and website along with any legal disclaimers.

article thumbnail

6 Expert Tips To Create An Effective Cafe Business Plan For The UK

The Restaurant Times

Management Team: This should include the list of stakeholders involved in the management of your cafe such as owner, manager, Head Chef, etc. The analysis must include: Market segment catered to by the competitors. For example, pandemic-related lockdowns, regulatory changes, tax obligations, etc. Industry Research.

article thumbnail

Food tech: a must for the modern restaurant business

Deliverect

So how can you make sure you streamline your operations so you can give the customer what they want, while managing your business in the most efficient way? Your restaurant’s online presence is vital to allow customers to quickly land on your website or on an external booking site where your business is listed.

Food 94
article thumbnail

93 Restaurant Industry Statistics Every Food Service Operator Needs to Know in 2024

Apicbase

Touchbistro , 2024) Another factor, perhaps less alarming, but constantly present regardless of macroeconomic challenges, is employee theft , which accounts for 4% of annual revenue loss in the restaurant industry. Touchbistro , 2024) 83% of restaurants accept mobile wallets as payment methods in addition to cash and cards.

2024 52
article thumbnail

Restaurant Taxes: Top 12 Tax Deductions and Tips For Restaurants

Harbor Touch

If employees receive benefits and compensation, they must be provided for work that employees perform. If you are audited, and the IRS believes you are overcompensating employees based on other amounts reported within the restaurant industry, you may not be able to deduct them fully. Employee Meals. Employee Tips.