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How a Performance Improvement Plan Could Save You $80K

Bar and Restaurant Coach

In earlier posts, here and here , we talked about the importance of effective communication, and how owners and managers can create great alignment within their businesses to make sure the whole team is on the same page—pushing for the same goals. When it’s time to cut an employee loose – you just cut ‘em loose. Simple, right?

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Restaurant Accounting Concepts Every Manager Should Know About

Lavu

As the owner or manager of a restaurant, when you’re aiming to grow profitability, accounting is an area where you need to be comfortable. It might be considered the most dreaded part of running your business, but to be profitable and to manage the money, there’s no way it can be avoided. Unavoidable Restaurant Expenses.

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Succession Strategies for Restaurant Owners: Safeguarding Your Legacy 

Modern Restaurant Management

Within weeks, his corporation declared bankruptcy, leaving 500 employees wondering if they would keep a job and putting $30 million dollars of sale volume at risk for the brand. Financial Preparedness Take a hard look at your financial picture and cash position if you were out of the picture tomorrow.

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EZ PPP Forgiveness App and Yelp’s New COVID Help

Modern Restaurant Management

Did not reduce the salaries or wages of their employees by more than 25 percent, and did not reduce the number or hours of their employees; OR. Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25 percent.

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Ghost Kitchen Franchise and Pandemic Resources

Modern Restaurant Management

Health services such as physicians, counseling and mental health services, and health coaches are also closing at lower rates – all critical resources during this time. Meanwhile, grocery related businesses are on the decline as people spend less time at home. Sanitation and food safety have never been more important.

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