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What's the future for delivery and online ordering in 2021?

Deliverect

Just as everyone was making their predictions for 2020 this time last year, a certain black swan event came along and caused a bit of a stir. Some full-service restaurants managed to pivot and find a way to offer their multi-course meals for delivery. What does the future look like for restaurant ordering and delivery tech?

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What's the future for delivery and online ordering in 2021?

Deliverect

Just as everyone was making their predictions for 2020 this time last year, a certain black swan event came along and caused a bit of a stir. Some full-service restaurants managed to pivot and find a way to offer their multi-course meals for delivery. What does the future look like for restaurant ordering and delivery tech?

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Get Ready for the Post-COVID Economy Now!

Embrace the Suck

Events like this are what economists call a “ black swan ,” catastrophic occurrences that basically cause a global shift in mindset and behavior. Look back to a black swan event you might have already been through the events on September 11, 2001. If you don’t have online ordering, you should look into it.

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Planning for Growth and Expansion: A Guide for Restaurant Operators

Squirrel Systems

Cost Management : Monitor costs, including food, labor, and overhead. Look for opportunities to negotiate better terms with suppliers and optimize inventory management. Consider introducing dynamic pricing for peak times or special events to maximize revenue.

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Seven Traits of Successful Restaurant Owners and Managers

7 Shifts

This process includes focusing on your daily finances , such as cash flow, payroll, and inventory. Invest in Technology Accounting and inventory management software are just a couple of the technologies that small business owners should invest in. Attend a National Small Business Week event. Join your local chamber of commerce.

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The Complete Guide to Creating a Winning Restaurant Newsletter (+Real Examples)

7 Shifts

When done right, email marketing works wonders—you stay top of mind and increase order values. You can use a newsletter to update them about a new location opening , special offers, menu upgrades, or food-based events. Increase online orders? Recommended Resources: Free Restaurant Management Excel Templates.

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Small Business Optimism Persists, Despite the Pandemic

Modern Restaurant Management

Cash Flow Is Top of Mind. No surprise during an economic crisis, over 81 percent of restaurants and other business owners are prioritizing cash flow management and are identifying ways to cut back spending and increase sales, namely by moving services online. Increasing products/services online (40 percent).