Restaurant365

DECEMBER 11, 2020

As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. Manage cash flow by creating a cash flow forecast. Your total cash flow is your cash inflows (for restaurant. over a certain period of time.

2021 136

2021 Cash Management Management Management 136

Modern Restaurant Management

DECEMBER 16, 2021

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their views on trends. Given the current landscape, restaurant brands are investing in their employees now more than ever to not only help attract and retain talent, but also create a better work environment to optimize efficiencies on and off premise.

2022 180

2022 Food Supply Back of House Kitchen Safety 180

Restaurant365

SEPTEMBER 23, 2021

Whether you’re a bookkeeper, accountant, restaurant owner, or store-level manager, understanding the basics of accounting can pay dividends for your business. Healthy accounting procedures for restaurants can help you manage food and labor costs, understand your profits and losses, and make strategic decisions about expenses and investments.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

The Restaurant Times

SEPTEMBER 5, 2020

The Covid-19 pandemic has clearly indicated that crisis management requires drastic changes in how the restaurant industry operates. From the spread of infectious diseases to supply chain disruptions, such crises have the potential to suddenly disrupt restaurant operations. How Can Restaurants Prepare For The Next Hospitality Crisis.

Management 90

Management Management Cash Management Employee Relations 90

Modern Restaurant Management

DECEMBER 21, 2022

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. Your CPA can help with this.

2023 197

2023 Loyalty Program Mobile Ordering Customer Experience 197

EATER

DECEMBER 8, 2023

The company, well aware of the intense affection its specialty bottles have generated ever since, has fully cashed in on collectors’ enthusiasm. Since its debut, Kikkoman’s soy sauce dispenser has managed to capture that feeling with every generation. production plant. “If Collectors also seek out beauty,” Ketcham continues.

Design 132

Design Food Supply 2001 Employee Relations 132

Modern Restaurant Management

MARCH 16, 2020

Due to the Covid-19 outbreak effect on the restaurant industry, Modern Restaurant Management (MRM) magazine is compiling a list of resources available for restaurant owners, operators and managers. As reports of the disease spread, so do concerns about supply chain disruption, business operations, and employee safety and well-being.

Food Safety 234

Food Safety Kitchen Safety Small Business Employee Relations 234

Hot Schedules

JANUARY 8, 2020

Find out how you can defeat the Rogue Spender and hang on to your cash. They take the form of wasted time, effort and cash, and cause havoc and frustration for your employees and guests alike. Where there are savings to be had, the Rogue Spender rolls in to keep you from hanging on to your hard-earned cash. Related Posts.

Cash Management 78

Cash Management Allergens Employee Relations Download 78

EATER

JANUARY 28, 2022

per hour — the lowest legal cash wage in the U.S. Melton also says she witnessed discrimination on the job — not only from customers but also from the store’s management. Even though Melton benefited financially from this practice, she spoke out about the inequity to the management. Jillian Melton was paid just $2.13

Cash Management 98

Cash Management Restaurant Law Employee Relations Food Supply 98

The Restaurant Times

NOVEMBER 30, 2020

Evaluate cash flow for the first year and calculate the five-year-return to the franchise. Supply Chain Management. Vendor Management. Payouts and Commission Management. Managing the business of multiple Franchise Restaurants can be a daunting task. Cash Flow And Financial Projection. Staff Training.

Franchise 52

Franchise Franchising Cash Management License 52

Lavu

MARCH 13, 2020

Your team of employees can only do so much with what they’re given, so you might consider improving their modes of communication. Not only will your employees be more efficient on the job, but they will also appreciate how easy it is to perform well. Checks can be cashed out or rung up right there at the table.

FOH 78

FOH Mobile Ordering BOH Front of House 78

Harbor Touch

APRIL 17, 2018

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.

Employee Relations 97

Employee Relations Insurance Point of Sale Cash Management 97

The Food Corridor

NOVEMBER 23, 2021

Create Holiday Boxes with Local Makers and Producers Non-traditional gifts may be more popular than ever with supply chain issues making it harder to buy imported goods this year. Not only could this earn you a nice little bit of cash, it’s also a great way to promote your kitchen space and your tenants.

Food 98

Food Seasonal Menu Catering Cash Management 98

Modern Restaurant Management

SEPTEMBER 15, 2021

In a survey of 4,079 small business owners conducted from 8/15 to 9/13/21, 66 percent reported having a "very difficult" time finding the right employees to fill open roles, many of which are necessary to help them drive revenue and rebound. In July, 47 percent couldn't hire enough employees. Dining Trends in Canada.

2021 178

2021 Loyalty Program Retail Online Ordering 178

Restaurant365

AUGUST 4, 2020

Running a successful restaurant business is all about spending your cash wisely. Integrating inventory management with accounting facilitates better inventory control. When you think of your restaurant finances, you don’t always equate it with inventory management. What is restaurant inventory management?

Inventory 78

Inventory Management Management Cash Management 78

Modern Restaurant Management

APRIL 14, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. This new site is a one-stop hub of critical information for restaurants, employees, customers and industry partners.

Online Ordering 212

Online Ordering Back of House Customer Service Small Business 212

Lavu

JANUARY 15, 2020

Regardless of the purpose, restaurant financing is vital to running a successful business and ensuring smooth cash flow. . Nonetheless, there are several financing options at the disposal of restaurant owners and management. Explore the options from cash advances for emergency funding to capital loans for major purchases.

Cash Management 78

Cash Management Equipment Small Business Front of House 78

Restaurant365

DECEMBER 20, 2021

Sharing information between teams shouldn’t require time-consuming communication to ensure accurate reporting, cost management, and forecasts. Your food cost or cost of goods sold (CoGS) may be increasing due to inflation and supply chain disruptions. Your labor cost may also be increasing, due to labor shortage issues.

Operations 78

Operations Leadership Point of Sale Cash Management 78

Modern Restaurant Management

AUGUST 17, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features consumers' dining desires, the power of personalization and the untapped opportunity in localized marketing. Other leisure-related categories affected the most included travel, cruises, lodging and airlines. COVID-19 Consumer Dining Trends.

2020 197

2020 Loyalty Program Mobile Ordering Fast Casual 197

Aaron Allen & Associates

JULY 17, 2020

We think foodservice-related investments can be grouped into one of three types. On the sell-side, this presents an opportunity to find the right partner who will stay loyal to your brand, employees, and guests. Adding expertise and management skills. Board and Management Installation. Growing market share.

2020 110

2020 Back of House Cash Management Specials 110

Modern Restaurant Management

JULY 15, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features Grubhub's State of the Plate 2020 trend report, the fragility of "open," di g ital resilience and brand intimacy. Financial Trends Insights. “As with virtually all industries, the pandemic has greatly impacted fast food.

2020 195

2020 Mobile Ordering Point of Sale Fast Casual 195

Modern Restaurant Management

JANUARY 12, 2022

This edition of MRM Research Roundup features evolving guest relationships, views on restauarant tech, employee desires and wedding trends. “As already short-staffed restaurants reopen, they are grappling with how to manage both in-person diners and deliveries, while meeting growing expectations on speed and service. out of 5.

2022 215

2022 Mobile Ordering Guest Recovery Point of Sale 215

The Restaurant Times

MAY 31, 2021

However, setting up the business in a posh and expensive location right at the start might affect cash flow and take you longer to reach the break-even point. . Experienced employees are an asset to any business, and thus indispensable for its success. Labor Availability. Labor should be abundantly available for your bakery setup.

Point of Sale 69

Point of Sale Cash Management Customer Service Employee Relations 69

Modern Restaurant Management

MARCH 24, 2020

A shift in production by Bacardi at the world’s largest premium rum distillery is helping supply ethanol required to produce the much-needed hand sanitizers that are in high demand as a result of COVID-19. This emergency action will not disrupt the production or supply of BACARDÍ rum. Bacardi and Tito's Give Back.

Food Supply 101

Food Supply Kitchen Safety Cash Management Food Safety 101

Aaron Allen & Associates

JUNE 11, 2021

Even if you have a new disruptive technology or the solution to an industry’s most pressing issue, companies often still need someone, like a restaurant advisor, to help them develop new scaling strategies, hire the right employees, and facilitate valuable top-to-top introductions. Unique Industry Insights. Business Model Tune-Ups.

Point of Sale 59

Point of Sale Cash Management Consumer Goods Technology 59

EATER

MARCH 11, 2021

Hong says he wasn’t particularly loyal to any hotel chain, and he paid in cash, not points. Guests traveling with their school-age kids at Pittsburgh’s Hotel Monaco, a Kimpton property, can sign them up for a remote learning package that includes a desk, school supplies, a bagged lunch, and treats like mini-Oreos and fruit snacks.

Hotels 111

Hotels Travel Outdoor Point of Sale 111

Lavu

JANUARY 21, 2020

A good accountant will help you in managing finances and producing key financial statements. With an automation tool like Sourcery , you can integrate the system into your restaurant management applications. The other benefit is that outsourcing payroll saves the cost of having to go through your employee’s payroll on a weekly basis.

Point of Sale 78

Point of Sale Inventory Restaurant Law Front of House 78

The Restaurant Times

JUNE 22, 2021

Some of the other weaknesses of your restaurant that can come up by conducting a SWOT analysis may be exposure to COVID-19, financial safety concerns, unhygienic working conditions, irregular cash flow, inventory mismanagement, incompetent staff and dissatisfied employees. . Step 6: Look For Opportunities.

Point of Sale 52

Point of Sale Social Media Restaurant Law Government 52

Modern Restaurant Management

DECEMBER 14, 2021

The challenges our teams have faced over the last two years specifically has made us value our employees now more than ever. Restaurants will continue to grapple with labor shortages and supply chain disruptions throughout 2022. A drop in employee retention & difficulty in hiring. Clinton Anderson, CEO, Fourth Enterprises.

2022 189

2022 Food Supply Mobile Ordering Customer Experience 189

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

Email Marketing 72

Email Marketing Merchandise Website Management Point of Sale 72

Modern Restaurant Management

DECEMBER 12, 2019

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. Jim Hicks joins Nathan's Famous with over 25 years of senior management experience in restaurant operations and corporate support. More Tropical in Colorado.

Franchise 110

Franchise Franchising Loyalty Program Book 110

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52

Modern Restaurant Management

AUGUST 14, 2020

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. ” Throughout the Covid-19 crisis, the brand has placed an emphasis on maintaining the health and safety of its employees and customers. Virtual Barbecue Pit.

Franchise 189

Franchise Franchising Kitchen Safety Food Safety 189

Modern Restaurant Management

DECEMBER 16, 2019

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the great gift of a restaurant gift card, learning about event professionals, top QSR traffic and digital ordering strategies. Finding and retaining employees remain among the biggest obstacles operators struggle with. percent at hotels.

2019 128

2019 Compost Mobile Ordering Point of Sale 128

Xtra Chef

DECEMBER 11, 2019

Whether you are an executive chef, a seasoned restaurant finance executive, or an owner/operator who manages your own books, speaking the language of restaurant accounting will help keep all financial stakeholders on the same page. In Part 2, we’ll help you decide how best to manage accounting at your restaurant. Inventory Management.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Modern Restaurant Management

DECEMBER 14, 2020

" The platform will continue to house a variety of helpful COVID-related materials as well as evolving resources to address new and emerging challenges. The company has also added a Deep Cleaning Checklist and guiding principles for Managing Indoor Air.

Webinar 189

Webinar Customer Experience Mobile Ordering Customer Service 189

Apicbase

JUNE 16, 2023

In practice, however, successfully managing a group of busy restaurants is an awfully tough undertaking. The metrics and calculations in this list will help you bring order to the chaos and manage the performance of each unit in the chain. In theory, it sounds easy. Why Are Metrics Important? That said, let’s dig in.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52