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Just Launched: 7shifts Tip Payouts!

7 Shifts

For many in the hospitality industry, tipping is an integral part of their restaurant's culture. I'm excited to introduce Tip Payouts , an easy-to-use tip payment solution that empowers restaurant managers to send tips directly to employees' bank accounts in seconds. It influences the livelihoods of restaurant workers around the world.

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Administering and Keeping Cash Safe | Season 4, Vol. 9: Recine Hospitality

Foodable

Listen to "Administering and Keeping Cash Safe | Season 4, Vol. 9: Recine Hospitality" on Spreaker. Recine recently developed a new cash register system inspired by ATMs. At the point you put the cash in, it’s deposited to your bank. No employee or manager will have to touch it,” adds Recine.

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New Restaurant Payroll Tactics and Tools For Building a Talented, Loyal Staff

7 Shifts

Enter 7shifts , a scheduling and team management app that simplifies the payday processes that typically run restaurateurs ragged. Any owner or manager running payroll manually understands the complexity faced each pay period. The downsides fall on management—weekly pay dramatically increases paperwork and admin time.

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Strategies for Financial Stability and Efficiency in Restaurant Supply Chains

Modern Restaurant Management

Strategic Alignment Restaurant management businesses must deal with rapidly evolving markets, higher costs, supply chain shifts and delays, defensive business structures, higher interest rates and growing costs of borrowing. Businesses in the restaurant industry heavily rely on customer loyalty to maintain steady cash flow.

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Growing a Restaurant Strategically – The Keys Are Alignment, Timing and Control

Modern Restaurant Management

Most importantly, restaurateurs should ask themselves candidly whether an innovation aligns with the restaurant’s three to five-year vision versus distracting strategic focus and resources from higher-impact growth priorities. He advises asking questions like: What attracts you to the dining/cuisine hospitality space specifically?

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Restaurant REIT: Strategic Real Estate Solutions for the Hospitality Industry

Aaron Allen & Associates

In an era where capital efficiency and strategic growth have never been more crucial, Real Estate Investment Trusts (REITs) emerge as pivotal players in transforming the real estate landscape of the hospitality industry. The growth is financed without giving up equity or taking cash off the balance sheet.

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Top 5 Hospitality Trends for your Business — the Inside Scoop

Kounta

The hospitality industry is fuelled by people’s obsession with food. This fixation has driven innovations like self-serve kiosks and kicked off fads like ramen burgers. Revenue for the hospitality industry will exceed $108 billion by the year 2023 — Bankwest, Future of Business. But what’s in store for the industry in 2020?