Modern Restaurant Management

APRIL 7, 2023

One challenging aspect of owning a small business is purchasing and maintaining expensive equipment. From greeting customers with a clean glass of ice water to printing the bill, every step of service in the restaurant industry relies on functioning equipment. This is especially true in the food service industry.

Cash Management 100

Cash Management Equipment Front of House Small Business 100

7 Shifts

NOVEMBER 22, 2021

It also requires money to open a restaurant and build it out, buy equipment and finance the operation until it reaches break-even. In this article, you'll learn how to get a business loan for your restaurant so you can make your dream of starting or growing your restaurant a reality. Create a Restaurant Business Plan.

Document 393

Document Cash Management Small Business Take-out 393

Culinary Cues

AUGUST 7, 2021

A small step, but one that signifies that if we put our heads together there is a way, or many ways, to move beyond, over, or around those challenges. Possible causes: – People have heard how demanding and unforgiving the business can be. So, what might the cause be? Why is this the case? Lots of sizzle, plenty of wow factor.

Social Media 474

Social Media Cash Management Blog Equipment 474

7 Shifts

JULY 21, 2020

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.

Cash Management 300

Cash Management Government Small Business Healthcare 300

Modern Restaurant Management

JANUARY 30, 2024

There’s an art to scaling any small business intelligently. KPIs lose relevance if unrealistic for teams execute across the business. In addition to substantial customer research, use concept tests for new offerings with small control groups to gather feedback and assess operational readiness before full unveilings.

Leadership 203

Leadership Small Business Cash Management Customer Experience 203

7 Shifts

MARCH 10, 2021

These may be traits that come naturally to the best restaurateurs, but they can also learn some valuable habits to help them efficiently and effectively run a business and meet their goals. 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.

Management 370

Management Management Small Business Email Marketing 370

Clover - Restaurants

APRIL 23, 2024

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. An existing restaurant also has an established cash flow, as well as a system in place for managing inventory, staffing, and running the kitchen.

Point of Sale 52

Point of Sale Cash Management Franchise Franchising 52

7 Shifts

MARCH 31, 2021

Fulfilling as running a restaurant business can be, it can also be overwhelming. financing institutions are tightening restrictions for small business loans, and restaurant owners have a hard time qualifying for traditional and other types of restaurant financing. This is where restaurant business plans are essential.

Cash Management 370

Cash Management Document Customer Experience Customer Service 370

Culinary Cues

DECEMBER 30, 2019

I have the privilege of working with many different restaurants and food businesses. Some are owned by individuals who have the knowledge and the wisdom of seasoned business people, while others struggle to find a path to survival. Some are very successful, while others are hanging by a thread.

Cash Management 266

Cash Management Point of Sale Leadership Website Management 266

Modern Restaurant Management

MARCH 1, 2023

Is your restaurant up to speed with the latest best practices for back of house (BOH) management? Those areas of your restaurant that aren’t typically seen by customers but directly impact your business. So, which back of office trends should restaurant ownership and management be concerned with heading into 2023?

Front of House 171

Front of House BOH Back of House 2023 171

7 Shifts

JANUARY 23, 2020

This advice were submitted by owners and managers of restaurants of all sizes, concepts, and locations in the forthcoming 7shifts Restaurant Labor Management Study in 2020 ( subscribe to get your copy when it’s published!). Thoroughly research restaurant costs (operational, labor, equipment, etc.)—both Dawn Tyndall, Clean Juice.

2020 335

2020 Hiring Cash Management Education 335

7 Shifts

APRIL 3, 2020

So here’s the question a lot of restaurateurs are asking: how do you start drastically cutting expenses to give your business the best chance of recovery? 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

7 Shifts

OCTOBER 31, 2022

A restaurant business plan is one of the most (if not the most) essential elements in getting a new restaurant off the ground. There are a few reasons for this: A business plan is typically the first thing any lender or investor will want to look at. What is a Restaurant Business Plan? Restaurant Business Plan Sample Outline.

Point of Sale 397

Point of Sale Back of House Document Download 397

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 215

2024 Loyalty Program Cash Management Customer Experience 215

EATER

APRIL 10, 2024

Kitchens in Wonder’s food halls can be as small as 750 square feet, and each location can serve food from up to 30 — 30! It’s tempting to lump Wonder into the spate of ghost kitchen or delivery-only concepts that have come and gone since before the pandemic, but its partner chefs say this business is different. restaurant concepts.

Delivery 138

Delivery Cash Management Point of Sale Back of House 138

Modern Restaurant Management

SEPTEMBER 14, 2022

But smaller businesses can implement AI to make small changes that impact their business. AI in the restaurant industry can assist restaurateurs and chains in providing a platter of features (pun intended) to help them streamline their businesses. But they have tons of cash to burn on such gimmicks, right?

Front of House 211

Front of House Mobile Ordering Loyalty Program Back of House 211

Restaurant365

JUNE 9, 2020

As your restaurant business begins to recover from restrictions put on it due to COVID-19, it is crucial to assess your financials and strategize your costs. By generating a budget for your controllable costs , you can create a clearer path for your cash to move. Manage your cash flow. One of these costs is labor.

Cash Management 97

Cash Management Management Management Small Business 97

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

Lavu

SEPTEMBER 28, 2022

Powered by Parafin , a full-stack, embedded fintech company, Lavu Capital gives restaurants, primarily small businesses, easy access to fast capital that typically is not available through traditional bank financing. After accepting, the merchant receives the funds directly to their bank account in 1-2 business days.

Cash Management 78

Cash Management Point of Sale Small Business Mobile Ordering 78

Modern Restaurant Management

MARCH 25, 2021

Throughout her career, Ellen Linardi has been driven by the passion to build products that help small businesses hold their own against big companies.That desire fueled the Global Head of Product for Clover and her team to help restaurant owners struggling during the pandemic pivot operations and compete in the now digital-first world.

Mobile Ordering 245

Mobile Ordering Online Ordering Small Business Customer Experience 245

Restaurant Business

JUNE 5, 2023

Businesses might still be writing checks, sending payments out via mail and juggling paper receipts—all steps that take extra time and can lead to extra expenses. For many businesses, the answer is emphatically “Yes.” They can take a close look at a business and uncover specific ways to improve how owners can manage money.

Cash Management 85

Cash Management Small Business 2023 Equipment 85

Lavu

JANUARY 15, 2020

You need funds to restock your inventory, pay your staff, obtain or renew permits, buy business assets, and replace your restaurant equipment. Regardless of the purpose, restaurant financing is vital to running a successful business and ensuring smooth cash flow. . Start-Up Business Loans.

Cash Management 78

Cash Management Equipment Small Business Front of House 78

Modern Restaurant Management

JUNE 9, 2022

Understand customer cravings and business needs through data. Your chef might have his or her own secret sauce, but data is the key ingredient behind business growth. Glean data insights to help manage and build your team. Start small by focusing on key data points to help you move forward. Don’t overthink it.

Front of House 196

Front of House Point of Sale POS Cash Management 196

Modern Restaurant Management

DECEMBER 28, 2022

We’re all familiar with equipment rental and software subscription services in the restaurant industry. But have you considered how an equipment subscription is a better, smarter business move than equipment ownership? You get to choose how to acquire this equipment: buy or rent. EaaS for Big Business.

Small Business 197

Small Business Equipment Cash Management Back of House 197

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 inventory and reporting low-stock items to the chef or manager. Properly securing all cash in a drop safe.

Front of House 97

Front of House Food Safety Cash Management Back of House 97

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. A short menu can slim down the food costs through streamlined inventory management, as well as reduced food waste. The solution isn't to get rid of takeaway or disposable small wares.

2022 218

2022 Customer Service Online Ordering Website Management 218

Harbor Touch

APRIL 14, 2020

And when purchasing a brand new POS solution, spending tens of thousands of dollars up-front is potentially a real financial burden to a business owner. No matter what kind of business you run, chances are we have the best POS solution for you, with the features you need at an affordable price. Small Retail Stores. Food Trucks.

POS 78

POS Cash Management Point of Sale Retail 78

Lavu

MARCH 2, 2020

Businesses in the restaurant industry operate on slim margins and must consider all the factors affecting profitability. Restaurant analytics and reporting involve the collection and analysis of information from all aspects of the business and its performance. An important part of restaurant operations is business intelligence (BI).

Cash Management 78

Cash Management Point of Sale Front of House Inventory 78

Modern Restaurant Management

MAY 21, 2020

Though expecting business as usual to be ‘usual’ is a little far fetched, many restaurants are opting for innovative ways to counter the virus – some even becoming part of the solution. Here’s a quick checklist to help you make safe choices while ensuring business continuity: Redesign Your Offerings.

Social Media 215

Social Media Food Safety Cash Management Kitchen Safety 215

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. The National Restaurant Association has provided a list of best practices to ensure business continuity. More than 2.45 and Canada.

Food Safety 234

Food Safety Kitchen Safety Small Business Employee Relations 234

7 Shifts

NOVEMBER 17, 2022

Games are a great way to add value to your bar, brewery, or coffee shop without changing the core of your business. Here are a few reasons to add games to your business: Create a more relaxed and social atmosphere, leading to increased customer loyalty and repeat business. Differentiate your business from competitors.

Bar 195

Bar Sports Outdoor Brewery 195

BNG Point of Sale

OCTOBER 13, 2021

With consumers spending so much, there’s a lot of competition amongst convenience store businesses; many convenience store owners want to do everything they can to earn their fair share of the market. To be successful, a convenience store business owner must closely monitor operational errors, waste of business hours, and business losses.

POS 52

POS Cash Management Point of Sale Equipment 52

Modern Restaurant Management

JUNE 5, 2020

Since the pandemic has started, online and remote ordering has been essential to helping businesses stay afloat as dining rooms across the country closed down. But after the coronavirus swept through the nation, touch-free transactions have spiked, likely because we are collectively realizing how easily germs can spread via cash.

Fast Casual 208

Fast Casual Online Ordering Cash Management Mobile Ordering 208

Mad Mobile

FEBRUARY 5, 2024

As a business owner, you’re always trying to maximize your operational efficiency. There are plenty of ways people cut costs to try and save a business that simply don’t work. Implementing a tableside ordering system like CAKE from Mad Mobile can reshape how you run your business.

Ordering 52

Ordering Fast Casual Mobile Ordering Fine Dining 52

Perfect Daily Grind

FEBRUARY 13, 2023

As part of this decline, more farmers are growing more profitable cash crops instead, such as cocoa and natural rubber. While most of these exports were rubber, the country also traded small volumes of coffee. There are only a very small number of processing facilities in Liberia, but even they aren’t well equipped,” he says.

Agriculture 188

Agriculture Transportation Cash Management Article 188

Sling

JULY 1, 2023

The Small Business Administration is a good place to look, and you should plan to speak with your legal counsel for more guidance. 3) Create a business plan A business plan is a blueprint for your eatery. However, remember that you’ll need to source all of the ingredients and equipment required for each menu item.

Fine Dining 78

Fine Dining Cash Management Restaurant Law Consumer Goods 78

Modern Restaurant Management

DECEMBER 1, 2020

It's reported that with as little as a five percent increase in customer retention, a business can improve its overall profits by up to 25 percent. Many businesses have introduced touch-free payment options and menus to improve customer experience during the pandemic. First, consider adopting a touchless loyalty system.

Loyalty Program 207

Loyalty Program Customer Experience Point of Sale Employee Relations 207