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With customers streaming in for festive gatherings, teams work harder than ever to keep up, often feeling the strain of long hours and packed schedules. Bonuses with a Twist: Experiences and Perks Holiday bonuses are always a welcome way to show appreciation, but adding an experiential element can make them even more memorable.
In the modern dining landscape, where convenience and customerexperience are paramount, restaurants increasingly rely on electronic payment systems to facilitate transactions. This includes higher prices and reduced cash flow. This ultimately saves the business money but charges the customer more.
Scaling an artisan food business is no easy feat. Many small food businesses reach a critical point where they must decide whether to remain small and exclusive or expand into wholesale, manufacturing, and broader distribution. As business owners, we know how expensive turning a gray shell into a gorgeous restaurant is.
A well-utilized smallbusiness loan gives the financing required to scale your restaurant effectively and turns prospects into real outcomes. Expanding Operational Capacity to Meet Higher Demand When customer demand increases, businesses that do not scale up quickly lose valuable opportunities to competitors.
For a deeper dive into brand messaging, strategy, and authenticity, creating unified guest experiences, and the orchestration of physical and experiential touchpoints, Modern Restaurant Management (MRM) magazine reached out to The Plaid Penguin’s Founder and Sir Idea Man Joe Haubenhofer. Having a digital presence is critical.
By Kateryna Reshetilo, Contributor Are you a restaurant owner looking for ways to keep up with the fast-changing demands of your customers? Today, more than ever, restaurants are turning to custom-built apps to improve convenience, streamline operations, and foster customer loyalty. If so, you’re not alone. from 2023 to 2030.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features rewriting the rules of seasonal marketing, snack wrap traffic driver, GLP-1 use impact on F&B, and restaurant marketing challenges. Another 30 percent said they spent more on enhanced training so far this year.
The next youre racing to keep inventory stocked while customers wait for tables. Their stories inspire these 10 proven restaurant management tips and tricks for success. Whether youre a seasoned owner or just starting out, this advice will help you boost efficiency, keep your team motivated, and turn customers into regulars.
Many are facing the difficult decision to raise their retail prices , seeking new ways to streamline operations and managecash flow more effectively. I spoke with Dajo Aertssen at Cafés MUDA and Jens Crabbe at MOK Coffee about their experience working with Stronghold machines. One solution is roasting coffee in-house.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of dramatic Valentine's Day shift, best food scenes, and the evolution of c-store foodservice.
For the restaurant industry, it can be challenging to manage. Some people stay home for the holidays, while others look for special experiences. Make the reservation process easier While some people stay home for the holidays, others look for special experiences or want to go out for dinner in larger groups.
Choosing the best POS system for bars in 2025 is essential for streamlining operations, enhancing customerexperience, and maximizing profits. A modern POS system for bars goes beyond just processing paymentsit helps with inventory management, staff scheduling, and real-time sales tracking.
With a solid Restaurant Inventory Management system, your kitchen runs like a well-tuned engine, keeping operations smooth and your customers happy. What Is Restaurant Inventory Management? Improved cash flow by purchasing only what’s necessary. Key Components of Restaurant Inventory Management 1.
The restaurant business is a dynamic, fast-paced world where passion for food and hospitality often takes center stage. Professional tips for hospitality accounting that directly contribute to sustained business growth. That’s akin to managing a restaurant without monthly accounting.
Choosing the right coffee shop POS system in 2025 can make or break your business. From managing daily orders to tracking inventory and improving customerexperience, today’s POS solutions go far beyond basic transactions. Here are some critical factors to a buzzing coffee shop.
Rising costs for green coffee, energy, shipping, labour, and equipment are placing significant pressure on businesses. Understanding what drives these price changes, how coffee consumers are responding, and what alternatives exist is essential for businesses aiming to remain sustainable in a volatile market.
Cloud-Based POS Systems are transforming how restaurants operate by enabling remote management, faster updates, and seamless integration with other tools. From streamlining orders to managing inventory and staff, these systems provide the tools restaurant owners need to stay competitive in 2025 and beyond.
A powerful solution that streamlines operations, reduces errors, and enhances the customerexperience. As we move through 2025, this integrated system enables restaurants to manage every transaction—from online orders to in-store purchases—through a single, seamless platform. The result? Khatri, CEO of Lavu.
The way customers pay is evolving, and restaurants are adapting quickly. If you’re wondering why restaurants are going cashless, the answer lies in speed, security, and customer preference. Cashless systems streamline operations, reduce theft risk, and align with the growing demand for contactless experiences.
Unlike traditional setups, these systems provide real-time access to data, seamless updates, and remote management—making them ideal for today’s fast-paced food service environment. In this post, we’ll explore why SaaS POS is not just a trend but the future of restaurant management.
Why coffee prices and business costs are rising The surge in the C price over the last two years signifies a long overdue change in the coffee industry. At the same time, the entire supply chain feels the impact of rising green coffee costs, reshaping the buying behaviour of many businesses.
Choosing the right POS system in 2025 can make or break your restaurant’s efficiency and customerexperience. With technology playing a bigger role in dining, your POS system needs to handle payments, manage orders, track inventory, and even help with staff scheduling. Costs: $2,000–$5,000 upfront, $40–$100/month.
If you manage a restaurant or sling plates as a server, youve probably noticed tech creeping into every corner of the industry. The Internet of Things (IoT) isnt just a buzzword; its changing how restaurants run, from keeping customers happy to making life easier for you and your team. Thats AI at work. Thats no accident.
Roasters, meanwhile, are shifting to smaller, regional-format events to manage tighter marketing budgets. This reflects broader market trends as business operators seek to incorporate new drinks and ingredients into their menus to meet evolving consumer demand. “It Recent data supports this pivot. But the demand is still huge.
With rising ingredient prices, labor shortages, and tighter margins, operators must find strategic ways to reduce restaurant costs without compromising quality or customerexperience. Discovering new ways to reduce costs in restaurant management can boost profits. Food cost control is crucial.
Managing restaurant peak hours can feel like organized chaos—but with the right strategy, they can become your biggest profit drivers. With a smart restaurant POS system like Lavu , you can unlock insights, managecustomized menus, and automate off-peak promotions — turning those “slow” hours into revenue-driving opportunities.
It can help streamline cash flow and reduce overhead costs, all while ensuring compliance with ever-changing NYC tax regulations. But how does it all work, and why might it be the secret ingredient in your business’s recipe for success? Intriguingly, it can also provide valuable insights for growth and scaling.
Setting up a POS system for a restaurant in 2025 isnt just about installing machinesits about finding the right tools to help your business run smoothly. The right POS setup can make it easier to take orders, manage staff, track sales, and keep customers happy. Why It Matters : Modern POS systems are more than payment tools.
In the fast-paced restaurant industry, even small inefficiencies can add up to lost revenue and frustrated staff. In this post, we’ll reveal the #1 tip that top-performing restaurants use to get more out of their POS system , reduce errors, and deliver a smoother experience for both staff and customers.
"The pandemic forced the restaurant industry to reinvent itself overnight, moving from a primarily in-store dining experience to an omnichannel, digital-first business. These changes have become permanent shifts in how they target customers, market themselves, and design their offerings."
The consequence is that hospitality businesses get locked into outdated systems. A few years ago, most of our conversations were with executive chefs and ops managers. This makes integrations far easier to manage. If that sounds like a competitive handicap, it’s because it is. But that’s starting to change.
If your POS system is slowing down your restaurant , you’re not just dealing with minor annoyances; you’re risking lost revenue, poor customerexperiences, and operational chaos. Heres how to tell if its time for an upgrade: Slow Payments : Long transaction times create bottlenecks and frustrate customers.
Heres a simple 7-day plan to upgrade your operations without disrupting your business: Days 12 : Plan your transition. Configure Lavu Settings Get your system ready by customizing it to your business needs: Add menu items, modifiers, and prices. Cash drawers : Test opening and closing mechanisms.
They require specialized support that understands the intricacies of fluctuating revenues, high labor costs, and complex inventory management. Gain invaluable insights into choosing the ideal hospitality accounting firm to suit your specific business needs. Learn more about our Accounting Services !
Sample Bookkeeping for Restaurants and Bars: In the hospitality industry without precise record-keeping, even the most successful establishments can find themselves adrift, struggling with cash flow, compliance, and ultimately, profitability. Bookkeeping is the often-unsung hero, forming the bedrock of smart financial management.
The craft beer industry is evolving fast, and breweries are under pressure to serve more customers, manage inventory in real time, and keep operations lean. In this post, we explore why breweries are making the switch and how the right POS system can support growth, streamline service, and improve the overall guest experience.
She's designed menus, Instagram ads, and logos for smallbusinesses. They’re an important tool for maximizing profit, managing inventory, and keeping your menu fresh and exciting. Think about your concept—what role do your menus play in the guest experience?
Consider a bustling restaurant, ‘Culinary Delights’, that, despite its popularity, had to shut its doors due to poor financial management. They’d overlooked the importance of a top-notch bookkeeping service, and it cost them their business. Let’s dive into this critical discussion.
It eases the burden of financial management while ensuring precision and compliance. The software provides comprehensive financial insight, aiding in identifying profitable opportunities and evaluating business risks. As a result, this accuracy in bookkeeping directly correlates with the scalability of the business.
While a seemingly small detail, the proper management of tips can significantly impact a restaurant’s financial health and its employees’ satisfaction. Non-compliance with tip tracking can result in legal issues, making investment in hospitality accountants vital for risk management.
In fact, for one Wendy’s franchise , introducing EWA reduced cash-till theft by 80%. In many cases, it’s also free for employees, although in some cases there are small transfer fees for employees to access their pay early. Reducing your employees’ financial stress also helps them focus on their work and be more productive.
This is where hospitality accounting services come into play, with their expertise in managing the complex financial landscape of hotels and restaurants. It’s a specialist field that provides crucial insights into revenue management, cost control, and maximizing profitability. Let’s explore this further.
These specialized accounting methods can simplify financial management in hospitality businesses, from small cafes to large resort chains. Key Takeaways Hospitality accounting solutions streamline financial management and ensure regulatory compliance, vital for growth in the industry.
The petition, initiated by New York’s Coffee Bros, calls for the Trump administration to exempt coffee from tariffs under US trade policies, recognise coffee as a non-manufactured, essential agricultural commodity, and protect US smallbusinesses and the global producers they depend on.
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