Remove Cash Management Remove Consumer Goods Remove Customer Experience Remove Seating
article thumbnail

2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour.

2024 212
article thumbnail

How to Write a Restaurant Business Plan [with Sample]

7 Shifts

A good operator looks back on their Business Plan on a monthly or quarterly basis to gauge where they are in terms,” says Mark Moeller, president, and owner of The Recipe of Success , a national restaurant consulting firm. The management team. Management team. Are they an island, or do they have good connections?

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

2023 Outlook: Trends and Challenges Restaurants Will See, Part Two

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. We will continue to evaluate tech solutions and find what best enhances the Fogo experience for both our guests and employees. For part one, click here.

2023 193
article thumbnail

Checklist For Reopening Your Restaurant

Modern Restaurant Management

The news may raise concerns for both customers and operators alike because it’s no secret just how contagious COVID-19 can be in public places. With less inventory and even fewer customers coming in, we recommend that you widen your margins and revamp your offerings. Instead, you can reach a compromise in your menu.

article thumbnail

Psychology of Bar Sales: Use POS Data to Decode Customer Preferences and Boost Revenue

Mad Mobile

Running a successful bar requires owners, managers, and employees to juggle multiple tasks at any given time. While your establishment’s day-to-day operations might already fill your plate, it’s still essential to encourage customer engagement, foster relationships with your guests, and craft the ultimate experience for your visitors.

POS 45
article thumbnail

MRM Research Roundup: Mid-July 2021 Edition

Modern Restaurant Management

Since morning meal visits are habitual, recovery for this daypart will depend on consumers returning to workplaces and schools. The ability for restaurants, particularly full service restaurants, to operate at total capacity, consumer comfort with dining in, and more business and recreational travel will aid recovery at the dinner daypart.

2021 186
article thumbnail

How To Open a Restaurant: A Step-by-Step Guide

Sling

Why will customers keep coming back after their first visit? The Small Business Administration is a good place to look, and you should plan to speak with your legal counsel for more guidance. You want everything to be a good fit with the concept you’re going for. Who is your target market? What atmosphere do you want to create?