7 Shifts

AUGUST 23, 2023

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.

Tip Distribution 195

Tip Distribution Cash Management Restaurant Law Insurance 195

7 Shifts

NOVEMBER 17, 2021

Busy restaurant owners looking to bolster their incentive offering know that the last thing they need is another wrench in their bustling operations. Enter 7shifts , a scheduling and team management app that simplifies the payday processes that typically run restaurateurs ragged. Typical Employee Payout Methods. On-demand Pay.

Cash Management 370

Cash Management Employee Relations Hospitality Innovation 370

Culinary Cues

OCTOBER 23, 2019

Now, think about this – when did we become so attached to technology that a bartender couldn’t work out of a cash drawer, or simply have me sign a bill to my room knowing that it could be charged to my account at a later date? The virus is prevalent in the hospitality business, retail, government, and education, just to name a few industries.

Hospitality 208

Hospitality Employee Relations Cash Management Training 208

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. During peak seasons, considering outsourcing certain services becomes a practical solution to ensure seamless operations. Read the first part, here.

2024 215

2024 Loyalty Program Cash Management Customer Experience 215

7 Shifts

OCTOBER 31, 2022

Section 5: Operations Plan. A good operator looks back on their Business Plan on a monthly or quarterly basis to gauge where they are in terms,” says Mark Moeller, president, and owner of The Recipe of Success , a national restaurant consulting firm. The management team. Management team. Section 1: Executive Summary.

Point of Sale 397

Point of Sale Back of House Document Download 397

Xtra Chef

NOVEMBER 11, 2020

In this three-step planning guide, we’ll explore the considerations for restaurant owners, managers, and operators who want to survive the holidays and bring joy to customers—and business balance sheets! Operators may choose to move forward with off-premise options, but they likely won’t be as vital to success in Q4.

Hospitality 155

Hospitality Seasonal Menu Front of House Social Media 155

7 Shifts

AUGUST 20, 2020

Fortunately, tech can help boost operational efficiency in restaurants. How to cut labor costs in a restaurant 101: Use a labor management tool Did you know that restaurants spend about 30% of their revenue on wages, overtime, payroll taxes, and employee health care? In fact, labor is one of the biggest costs for restaurants.

Technology 293

Technology Mobile Ordering Dietary Restrictions Cash Management 293

Kounta

JANUARY 9, 2020

The hospitality industry is fuelled by people’s obsession with food. Revenue for the hospitality industry will exceed $108 billion by the year 2023 — Bankwest, Future of Business. Revenue for the hospitality industry will exceed $108 billion by the year 2023 — Bankwest, Future of Business. And it’s been growing ever since.

Hospitality 98

Hospitality Cash Management Influencer POS 98

7 Shifts

OCTOBER 30, 2023

Florida is a great place to operate restaurants thanks to its huge tourism draw and an influx of retirees with disposable income. But beyond minimum wage laws, there are other Florida-specific regulations—like overtime laws and child labor laws—that affect the restaurant and hospitality industry. per hour (minimum).

Restaurant Law 221

Restaurant Law Certification Food Safety Cash Management 221

7 Shifts

SEPTEMBER 19, 2022

They offer work-life balance, flexible schedules, useful benefits, and operate on strong core values. What about managers? Track and manage employee workload. High turnover has long been a core tenet of the hospitality industry. What about managers? Table of Contents. Restaurant Retention Data Study.

Front of House 195

Front of House Back of House Cash Management Customer Experience 195

7 Shifts

MARCH 16, 2020

With new social distancing and self-isolation strategies, it’s clear that COVID-19 will have, and is having, an extreme impact on the restaurant and hospitality industry. How restaurant managers can navigate COVID-19. Communicate with staff and managers. Monitor 7shifts Announcements from management for updates on the situation.

Management 369

Management Management Employee Relations Kitchen Safety 369

Hot Schedules

JULY 15, 2021

Mitigating Cost Price Inflation Via Supplier Management. Hospitality systems can’t undo labor legislation, failed harvests or political turmoil, and with hotels in urban markets still seeing revenues dip as much as 52 percent compared to 2019, operators need to utilize every possible method to cut costs. Related Posts.

Pricing 148

Pricing Management Management Cash Management 148

Modern Restaurant Management

SEPTEMBER 29, 2022

If you've worked in the hospitality industry, you've already had to deal with an aggressive customer or two. Setting up and maintaining a good customer relationship is critical to your hospitality and restaurant industry. Remember, humility is an investment in customer management because they deserve extra personal attention.

Cash Management 197

Cash Management Customer Service Food Safety Restaurant Law 197

Culinary Cues

AUGUST 28, 2020

For the restaurant operator caught up in the current, somewhat bleak reality of the business environment we are living in – there is hope in knowing how resilient the business of food can be. HOSPITALITY FIRST. How do you make it come alive with hospitality? The human spirit is to grow strong by conflict.”. BE PRESENT.

Social Media 438

Social Media Communication Loyalty Program Training 438

ChefMod

MAY 13, 2024

AP automation solutions specifically designed for hospitality help restaurant owners optimize their purchasing process, recipe management, inventory, analytics, GL mapping, and visibility into expenses across all suppliers. How Does AP Automation Enhance Financial Operations? What is Accounts Payable Automation?

Cash Management 40

Cash Management Inventory Audits Management 40

Modern Restaurant Management

OCTOBER 12, 2021

In fact, Netspend surveyed more than 900 tipped workers across the restaurant, food delivery, hospitality, salon and spa industries to get a pulse on the financial impacts of COVID-19. According to NPR , average hourly wages in the hospitality industry are nearly 10 percent higher than they were a year ago.

Recruiting 197

Recruiting Cash Management Employee Relations Download 197

The Restaurant Times

JUNE 1, 2022

Most people start a new restaurant based on their passion for food and hospitality. It eases operations and improves the chances of survival of a restaurant in the competitive world. But, at the end of the day, it doesn’t affect operations and satisfies customers. Operational Costs : It includes marketing and advertising costs.

Operations 52

Operations Cash Management Employee Relations POS 52

Modern Restaurant Management

OCTOBER 19, 2023

But it’s not just newbies to franchising – or restaurant franchises themselves, for that matter – that need to stay on top of the management intricacies that characterize the business. Cyber : The market has softened for cyber but it’s hard to convince hospitality franchises that their exposure is real.

Insurance 100

Insurance Franchise Franchising Document 100

Modern Restaurant Management

AUGUST 16, 2023

Gone are the days of cash-only transactions. POS systems offer a multitude of benefits for businesses, including: Streamlined operations by automating various tasks such as sales transactions, inventory management and reporting. Automation can and should fine-tune operational processes and human customer service.

Loyalty Program 167

Loyalty Program Mobile Ordering Dietary Restrictions Point of Sale 167

Modern Restaurant Management

DECEMBER 21, 2023

In the hospitality industry, the last thing you want is a phone call from the alarm company at an early morning hour about a fire, break-in or other disaster at your business. Manage Access to Keys : Only distribute exterior-door keys to employees who must have access. Picture this – it’s 5 a.m. Invest in a drop safe.

2024 189

2024 Kitchen Safety Cash Management Insurance 189

OpenTable

SEPTEMBER 27, 2020

In a world of socially distant and off-premise dining, chefs and restaurateurs are looking for creative ways to keep the magic of hospitality alive. On a related note, Nation’s Restaurant News reports that 70% of operators say off-premise sales are up compared to pre-pandemic levels.). … Read more. … Read more.

Kitchen Safety 78

Kitchen Safety Hospitality Food Safety Cash Management 78

7 Shifts

JANUARY 26, 2021

Embrace Digital Hospitality ?? Far-and-away the biggest change for the hospitality industry has been the widespread adoption of technology, which has gone from a luxury to a necessity for restaurants to operate. Here are some of the top ways to make sure you’re ready for what’s next—whatever it is. Check in on your team.

2021 370

2021 Front of House Social Media Back of House 370

The Restaurant Group

MARCH 11, 2024

Managing a restaurant involves so many moving parts, including sourcing high-quality ingredients, purchasing a seemingly endless list of supplies, managing staffing and scheduling, and budgeting for a profitable restaurant – all within a set budget. One example is our restaurant remote management service.

Management 78

Management Management Cash Management Insurance 78

Xtra Chef

DECEMBER 30, 2020

It’s been especially difficult for the hospitality industry. Here are some of the actions, accomplishments and highlights of the past year… We introduced Recipe Management – a recipe for restaurant profitability. Check out the launch video below: We responded cash flow concerns as a result of COVID.

2020 151

2020 Cash Management Point of Sale 2021 151

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 Manager, Mercato Italiano.

2020 335

2020 Hiring Cash Management Education 335

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. Use order information with inventory management software for smarter purchasing. Restaurant Task Management. Restaurant Inventory Management Software.

Technology 370

Technology Front of House Social Media Back of House 370

Modern Restaurant Management

MARCH 19, 2021

Restaurant owners have had to completely flip their operations to accommodate proper health and safety protocols for over a year now, but the country is finally starting to see the light at the end of the tunnel with an influx of vaccine distribution. 2021 may have some good in store for the industry moving forward. The Impact of COVID.

Tip Distribution 189

Tip Distribution Government Cash Management 2020 189

Modern Restaurant Management

AUGUST 19, 2020

For Rustic Table, a restaurant operating within the hospitality focused district of Times Square in New York City, the impact of Covid-19 seems insurmountable. It’s a delicate balance of cash flow and savings on overhead costs that has restaurant owners scrambling for solutions.

Cash Management 228

Cash Management Point of Sale Consumer Goods Small Business 228

Modern Restaurant Management

MARCH 14, 2023

Businesses want to turnover healthy volumes of cash-flow, regardless of the wider economic climate. This can be achieved not only through sustained and/or increased volumes of customers, but also through effective cash-flow management. This helps finance teams spot red flags and potential areas prone to fraud.

Technology 194

Technology Cash Management Employee Relations Sustainability 194

Modern Restaurant Management

SEPTEMBER 14, 2022

For now, restaurants are using AI (Artificial Intelligence) and ML (Machine Learning) to streamline operations and improve customer service in a much less tech-savvy environment. Recent technology advancements, mobile devices, and the pandemic all shifted the way restaurants need to operate. What are AI and ML?

Front of House 211

Front of House Mobile Ordering Loyalty Program Back of House 211

7 Shifts

FEBRUARY 12, 2021

According to Investopedia , a restaurant will generally look to sell for about 25 to 40% of its annual operating income. Local commercial real estate brokers, online classifieds, and hospitality associations are also a great place to look. Your local hospitality association may also have resources for opening a restaurant their region.

License 444

License Equipment Certification Information 444

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. To be added to this guide, reach out to Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. and Canada.

Food Safety 234

Food Safety Kitchen Safety Small Business Employee Relations 234

Modern Restaurant Management

JULY 7, 2021

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Why doesn’t that logic work in the hospitality sector – especially in the current labor environment? If the objectives for any benefit program are to build plans that are 1.

Cash Management 180

Cash Management Healthcare Restaurant Law Hospitality 180

Future Food

OCTOBER 5, 2021

The prolonged closures on food and beverage venues have ranged from hard to devastating, not just from a sales perspective, but on the lives of hospitality workers and their families. Secondly, we have cashed-up customers who are hungry for hospitality, let’s call this demand.

Food 144

Food Café Customer Service Communication 144

Apicbase

AUGUST 25, 2023

Digitisation is more than introducing new technology; it requires a digital mindset – a new way of thinking that changes how restaurants operate. Historically, restaurant operators have (often) been resistant to change. Hospitality is expanding through technology. This is in stark contrast to just about every other industry.

Cash Management 52

Cash Management Technology Front of House Allergens 52

Lavu

SEPTEMBER 29, 2023

This statistic is based on a survey of restaurant operators conducted in January 2023. The 2021 COVID-19 pandemic caused many people to leave the hospitality industry, and many have not returned. The restaurant labor shortage has had significant impacts on restaurant operations. million, while the number of hires was 1.3

Loyalty Program 166

Loyalty Program Front of House Mobile Ordering Customer Service 166

7 Shifts

APRIL 23, 2021

The operator of Chengdu Taste and Mian, with 13 locations, told the New York Times that they may have to close multiple restaurants due to the lack of staff. The same New York Times story found that 80 to 85 percent of Crafted Hospitality group's kitchen employees have moved out of New York City. What to look for in the ideal employee.

Hiring 370

Hiring Front of House Back of House Food Safety 370