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10 Cash Flow Management Best Practices for Restaurants

Lavu

No matter the size of your restaurant, one truth remains: cash flow is king. Restaurant cash flow management is the lifeblood of your business. Yet, while most small business owners know this truth, many still struggle with basic cash flow definitions, fundamentals, and management strategies that actually maximize benefits.

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Seven Traits of Successful Restaurant Owners and Managers

7 Shifts

They have a passion for food, an adventurous spirit, a strong work ethic, and the ability to teach and lead. A successful business plan covers everything from the food you’ll serve to how your restaurant will look and how you want your customers to feel. Or check out how 7shifts optimizes your restaurants labour management.

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Surviving COVID-19: 7 Financing Options for Restaurants

7 Shifts

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.

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How Restaurants Can Remain Competitive in 2021

7 Shifts

Ordering online, paying with mobile phones, scanning QR codes for a menu, and a ton of takeout, are just a part of dining out now. diners prefer to view menus, order, and pay for their meal using their phones rather than interacting with servers during the pandemic. For both safety and ease, there isn’t a better option.

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How to Drastically Cut Expenses in Your Restaurant (and Stay Profitable During COVID-19)

7 Shifts

Psst, even outside of these extraordinary times, this information is also valuable for any restaurateurs that are looking to optimize their operations and get a handle on what they can and cannot control in order to reduce monthly expenses in their restaurant.

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3 Reasons Why You Need a Pandemic Preparedness Plan for Your Restaurant

Focus POS

Rotate shifts in order to minimize employee exposure to one another. Consider halving your staff into A day shifts and B day shifts in order to reduce the number of coworkers they each come into contact with when they come into work. . Download Now: Pandemic Preparedness Guide for Restaurants. Make masks a must.

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How Alcohol To-Go Could Save Your Restaurant

Focus POS

Here’s how you can cash in on this trend: State Regulations Vary. In places like Arizona, restaurants can offer alcohol with food orders for pickup, delivery, and drive-thru. Download our free ebook: Pandemic Survival, Recovery, and Preparedness Guide for Restauranteurs. Online Ordering. ID Scanning.

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