Culinary Cues

AUGUST 7, 2021

If we see the challenge as something that has an answer if we take the time to really push our problem-solving skills, then a solution will eventually present itself. The unpredictable nature of customer buying habits pushes restaurants to maintain inventories that exceed what is reasonable – why? Challenges solved. Challenges solved.

Social Media 474

Social Media Cash Management Blog Equipment 474

7 Shifts

SEPTEMBER 20, 2021

Delivery, scheduling, inventory management, reservations, and guest management have seen technological advancements over the past few years, and it's just the beginning. Your POS system reduces ordering errors, increases front-of-house and back-of-house efficiency, and helps you control inventory. All of this (and more!)

Technology 370

Technology Front of House Social Media Back of House 370

7 Shifts

MARCH 10, 2021

The fact that 60% of restaurants fail in their first year and 80% close within five years of their grand opening is an indication that few have what it takes for long-term success. If you want to open a restaurant , or if you're going to take a fresh look at where you are in your journey as a restaurateur, you must develop a business plan.

Management 370

Management Management Small Business Email Marketing 370

7 Shifts

MAY 23, 2024

Managing a restaurant is not for the faint-hearted. In this industry, one of the worst-case scenarios is running out of money. In this industry, one of the worst-case scenarios is running out of money. Your stiff competition requires innovative thinking and aggressive growth strategies to stay on top.

Point of Sale 222

Point of Sale Seasonal Menu Food Supply Cash Management 222

Xtra Chef

DECEMBER 2, 2020

Restaurant inventory management with Excel takes too time and can lose you money. Inventory management with Excel in restaurants is a common food cost control method that helps you order the right amount of food at the right time to minimize waste, reduce food costs, and maximize profits.

Inventory 91

Inventory Management Management Cash Management 91

Modern Restaurant Management

APRIL 5, 2022

The reasons for the accelerated growth of this idea, the contribution of POS to these kitchens, the display systems to make the operations easier, and the automated operations used in the inventory as well in the kitchen for easy food management- are some of the ideas that will be discussed in the following paragraphs.

Online Ordering 190

Online Ordering Point of Sale Website Management Inventory 190

Modern Restaurant Management

JUNE 14, 2022

One study found that internal employee theft is responsible for 75 percent of inventory shortages and about 4 percent of restaurant sales. There are all kinds of different types of restaurant theft, ranging from food and inventory, theft at the register and checkout counter, external grease theft, time theft and employee product theft.

Point of Sale 199

Point of Sale Kitchen Safety Back of House Inventory 199

Restaurant365

MARCH 10, 2022

With food costs running at approximately 30% or higher, learning importance of inventory management and how to prevent common mistakes is critical in successfully driving down costs and maximizing profits. First, let’s break down the two types of inventory costing, Actual and Theoretical. Theoretical Variance.

Inventory 78

Inventory Management Management Merchandise 78

7 Shifts

APRIL 3, 2020

That is what we are going to answer in this blog—providing you with steps you can take right now to reduce your costs and boost your revenue to keep your restaurant profitable during COVID-19. Download all the data from your restaurant POS or back-office management platform to get a sense of how your restaurant is operating today.

BOH 368

BOH POS Influencer Point of Sale 368

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

7 Shifts

JANUARY 23, 2020

As you plan out your concept, location, menu, staffing, and marketing, take a read through the advice left by hundreds of restaurateurs to ensure you’re set up for success in 2020. Educate yourself on costs, hiring, and the market you are in before taking the leap. It’s going to be the ride of your life. Erin, Rush Street. ?. ?.

2020 335

2020 Hiring Cash Management Education 335

Society Insurance

NOVEMBER 15, 2022

To expedite the process of wrapping up for the night, restaurant and bar owners can turn to a closing checklist that outlines tasks to be completed by front-of-house staff, back-of-house staff, and management. Taking out the trash and securing the garbage or dumpster area to keep pests and critters away. Updating food labels.

Front of House 97

Front of House Food Safety Cash Management Back of House 97

7 Shifts

OCTOBER 31, 2022

Taking the time and energy to create one proves to others (and yourself) that you're serious about the venture. The management team. Check out these successful restaurant ideas. Management team. Explain how your restaurant will stand out in a sea of competition. Your market position and competitive advantage.

Point of Sale 398

Point of Sale Back of House Document Download 398

Marketman

SEPTEMBER 1, 2019

You’re going to manage your very own restaurant. Managing a restaurant covers all aspects of the business, from inventory and purchasing to distributors and vendor payments , and you need to be prepared. Getting a restaurant off the ground takes money. Vendor payments: Gain better inventory control and improve cash flow.

Equipment 66

Equipment Front of House Back of House Food 66

Clover - Restaurants

APRIL 23, 2024

Yet, purchasing a restaurant can bring a new set of challenges that are worth considering before you take the plunge. For instance, depending on how successful the restaurant has been, you’ll inherit a customer base, trained staff, and the equipment and space you need to hit the ground running. Franchise or independent restaurant?

Point of Sale 52

Point of Sale Cash Management Franchise Franchising 52

Modern Restaurant Management

JANUARY 8, 2024

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. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

2024 212

2024 Loyalty Program Cash Management Customer Experience 212

Aaron Allen & Associates

MARCH 3, 2022

There are so many things to think about — from inventory management to restaurant payment and billing and more — it can be difficult to keep track of it all. That’s where restaurant management software comes in. In this roundup, we will take a look at some of the best restaurant management software out there.

Management 120

Management Management Mobile Ordering Point of Sale 120

Touch Bistro

JULY 20, 2021

Whether you’re new to the restaurant scene or a seasoned veteran in the industry, having the right restaurant equipment list is crucial to your business’s success. That’s why we’ve created this comprehensive commercial restaurant equipment list. 24 Essential Pieces of Restaurant Equipment. Let’s get started. Great for pizza.

Equipment 52

Equipment Kitchen Safety Point of Sale Food Safety 52

Modern Restaurant Management

SEPTEMBER 14, 2022

– Team Bots’ It sounds like something out of a science fiction movie, right? AI and ML are buzzwords and often sound out of reach of an average restaurateur. AI can assist restaurants in optimizing how they manage and operate menus to increase margins. But they have tons of cash to burn on such gimmicks, right?

Front of House 204

Front of House Mobile Ordering Loyalty Program Back of House 204

Modern Restaurant Management

MARCH 1, 2023

Is your restaurant up to speed with the latest best practices for back of house (BOH) management? So, which back of office trends should restaurant ownership and management be concerned with heading into 2023? They include restaurant management tips for cutting costs, decreasing food waste, and much more.

Front of House 155

Front of House BOH Back of House 2023 155

Modern Restaurant Management

FEBRUARY 3, 2022

Seventy-four percent of full service restaurants (FSRs) managed to maintain or increase their sales during the pandemic; however, profit margins in 2021 declined to 10 percent, compared to 12 percent in 2019, according to third annual State of Full Service Restaurants Report released by TouchBistro.

Loyalty Program 184

Loyalty Program Online Ordering Cash Management Point of Sale 184

MBB Hospitality

MARCH 24, 2020

Maintaining an effective inventory revenue margin requires both the right infrastructure in terms of personnel and technology and the right practices. Only a multi-modal approach to your restaurant’s inventory can maximize your profits and promote strategic revenue management. Update your security.

Inventory 52

Inventory POS Cash Management Tip Distribution 52

7 Shifts

DECEMBER 3, 2019

In a sea of restaurants nationwide, yours has stuck out and been successful. Before you take the plunge, we’d recommend taking a practical and systematic approach to expanding your franchise to ensure the process results in a profitable endeavor. On the surface, your franchise may seem like it’s doing fine—maybe even great!

Franchise 368

Franchise Franchising Audits Point of Sale 368

7 Shifts

MAY 26, 2021

If your restaurant has yet to take a first-draw or second-draw loan from the PPP pot, you still have a chance. This program actually is not going to, you know, continue on until May 30, as the money's going to run out,” said Erik Asgeirsson , president and CEO of CPA.com. Time is running out, so let's get straight to it.

2021 195

2021 Cash Management Document Employee Relations 195

Marketman

SEPTEMBER 1, 2019

You’re going to manage your very own restaurant. Managing a restaurant covers all aspects of the business, from inventory and purchasing to distributors and vendor payments , and you need to be prepared. Getting a restaurant off the ground takes money. Vendor payments: Gain better inventory control and improve cash flow.

Equipment 40

Equipment Front of House Back of House Food 40

BNG Point of Sale

OCTOBER 15, 2021

The device functions as a mobile cash register and terminal to process sales transactions. Equipped with wireless mobile point of sale devices, employees can check-out customers or access inventory information from anywhere within the store. The mPOS revolution goes far beyond simply swapping out old hardware.

Retail 98

Retail POS Point of Sale Cash Management 98

Restaurant365

APRIL 23, 2020

As a restaurant owner or operator, you know that without monitoring, restaurant expenses can easily grow out of control. Your P&L is extremely valuable to manage your operations, budget, and future business growth. Before modern restaurant management technology, P&Ls required labor-intensive data tracking and analysis.

Cash Management 78

Cash Management Management Management Point of Sale 78

Restaurant365

JUNE 9, 2020

By generating a budget for your controllable costs , you can create a clearer path for your cash to move. Assessing this movement by ensuring that the budget is maintained and that invoices are entered daily will help you better manage your cash flow each month. Manage your cash flow. Create a restaurant budget.

Cash Management 97

Cash Management Management Management Small Business 97

Lavu

MARCH 2, 2020

Doing so helps managers and restaurant owners to make informed decisions and implement profitable strategies. The major functions of BI include data mining, reporting, analytics, online analytical processing, and business performance management. A restaurant analytics system can be built in the restaurant management software.

Cash Management 78

Cash Management Point of Sale Front of House Inventory 78

Sling

JULY 1, 2023

We’ll discuss how to navigate the early planning stages, review some essentials to take care of before launch day arrives, and leave you with some tips to keep your restaurant running smoothly once it opens. To best set yourself up for success, start by taking time to complete the following steps. Keep it simple, at least at first.

Fine Dining 78

Fine Dining Cash Management Restaurant Law Consumer Goods 78

Modern Restaurant Management

FEBRUARY 4, 2022

This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. Following are some of the major restaurant trends to watch out for in 2022. Consider, removing processed or pre-packaged ingredients from their inventory. Simplified Menus.

2022 216

2022 Customer Service Online Ordering Website Management 216

Restaurant365

JULY 29, 2021

The restaurant industry saw new trends like: Increased sales for take-out and delivery. Companies needed to evolve and innovate to survive the restaurant restrictions and shutdowns, but this has left surviving businesses primed to take on new opportunities. Few areas of restaurant operations were immune from changes.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Modern Restaurant Management

MAY 21, 2020

With less inventory and even fewer customers coming in, we recommend that you widen your margins and revamp your offerings. For their safety and convenience, enable delivery and payment services that allow customers to pay without cash, as well as choose when and how their order should be delivered. Offer Disposable Menus.

Social Media 203

Social Media Food Safety Cash Management Kitchen Safety 203

Clover - Restaurants

MARCH 8, 2024

Financial stability Determine whether your financial standing is equipped to handle the opening of a new restaurant. Assess your profitability and cash flow. Are there workflows you can automate, such as inventory management , within your restaurant point-of-sale system ? Review your debt and liabilities.

Loyalty Program 52

Loyalty Program Small Business Point of Sale POS 52

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

BNG Point of Sale

MARCH 9, 2020

If you’re new to the business, a “point of sale” or POS system is a piece of technology in which hardware and software components are used to take payments from customers. A POS system includes the entire network of systems that come together to manage the transaction process for a business. The basics of a POS system.

Point of Sale 95

Point of Sale POS Loyalty Program Inventory 95

7 Shifts

NOVEMBER 17, 2022

Drinking has, of course, traditionally been the main activity that takes place at bars. Recommended Reading: 7 Bar Inventory Building and Management Tactics for Restaurants. If so, you can take advantage of games that require more space. However, this is shifting. Differentiate your business from competitors. Bananagrams.

Bar 195

Bar Sports Outdoor Brewery 195