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How Interchange Fees Are Reshaping the Restaurant Industry’s Bottom Line

Modern Restaurant Management

For restaurants, especially those operating on thin margins, these fees can influence pricing strategies, profitability, and even operational decisions. This includes higher prices and reduced cash flow. By incentivizing customers to pay with cash, businesses can offset the costs associated with credit card processing fees.

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Engineered for Success: Boosting Profits through Intelligent Menu Planning

Modern Restaurant Management

This information helps to strategize the placement of high-profit items on the menu, influencing sales and promoting popular dishes. You can captivate customers' attention and influence their choices by using enticing descriptions and appealing visuals.

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Please Stop Buying Food From Social Media Influencers 

EATER

From the creator fund to sponsored content and upstart new businesses seeking to capitalize on a newly massive social media following, influencers are cashing in. Sometimes, a small operator is fully capable of managing a normal volume of orders but doesn’t have the capacity to handle an unexpected online onslaught.

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What the Heck is a KPI and Why You Should Give a Sh*t

Embrace the Suck

These indicators are more predictive than reactive, providing the opportunity to influence and change the future. To get you started down the KPI Mastery path, let’s start with the basic metrics: Cash Flow. Cash flow is simply the amount of money going in and out of the restaurant. Cash flow = Cash input - cash output.

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

Modern Restaurant Management

Restaurateurs should thoroughly model out growth plans, get creative on managing cash flow and run lean before considering outside investor dollars. Investors generally push hard for influence or even majority board seats directing strategy and operations.

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How to Avoid the Top Seven Restaurant Inventory Management Mistakes

Modern Restaurant Management

Inefficient restaurant inventory management practices, improper storage, gaps in inventory logs, theft, and waste can cause even the most successful kitchens to struggle or fail. Below are the top seven inventory management mistakes restaurants are making, and how to correct them. Always date and label everything.

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Tik Tok Marketing Proves Profitable

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked Burke to offer additional insights on how restaurants can best use Tik Tok in their marketing efforts. What makes Tik Tok an effective income generator, particularly for cash-strapped smaller restaurants?

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