7 Shifts

MAY 18, 2023

Employees are typically subject to more oversight and are entitled to benefits like minimum wage, overtime pay, and workers' compensation insurance. On the other hand, independent contractors have more freedom and control over their work but are responsible for their own taxes and insurance.

Restaurant Law 195

Restaurant Law Insurance Audits Cash Management 195

Modern Restaurant Management

FEBRUARY 22, 2022

Ahead of Employee Appreciation Day (March 4), Society Insurance put together a list of employee recognition ideas. These platforms utilize point systems and integrations with communications platforms to make it easy for managers and fellow employees to give out kudos. There are two types of bonuses: cash or non-cash.

Cash Management 194

Cash Management Front of House Merchandise Back of House 194

7 Shifts

MAY 26, 2021

Instead, they partner with SBA-approved banks that foot the actual cash to qualifying small businesses. Here's how you can spend your PPP funding in 2021: Payroll: Salaries, wages, tips, commissions, employee benefits, group insurance benefits, and paid leave. The SBA financially backs these loans, but they don't do the actual lending.

2021 195

2021 Cash Management Small Business Employee Relations 195

7 Shifts

MAY 15, 2023

Restaurant payroll is a system for calculating and managing the salaries of employees in a restaurant. Employers need to track hours, calculate wages, manage shift schedules , and maintain employee records. This schedule can be difficult to run manually for managers with more than a handful of employees.

2023 195

2023 Restaurant Law Tip Distribution Audits 195

Modern Restaurant Management

JULY 27, 2023

Workers who lack access to basic financial services are subjected to paying expensive fees for things like cashing a check. According to a 2021 estimate by the Federal Deposit Insurance Corporation (FDIC), there are 4.5

Cash Management 119

Cash Management Customer Service Insurance Influencer 119

7 Shifts

JULY 21, 2020

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. Healthcare costs: group healthcare benefits, insurance premiums, etc. Best for: Businesses who need cash to keep their doors open and their staff employed.

Small Business 300

Small Business Cash Management Inventory Government 300

Ken Burgin

JANUARY 16, 2022

Many chefs, managers and business owners have built up years of experience running kitchens and restaurants. How do you respond when someone says they’re ‘sick of being a chef or manager and I want to be a consultant’? Managing cash flow once you work. Managing cash flow once you work.

Cash Management 113

Cash Management Website Management Social Media Hospitality 113

7 Shifts

NOVEMBER 22, 2021

Management Team : document your team and why they have the experience and expertise to make your restaurant a success. Include 5-year financial projections including an income statement, balance sheet and cash flow statement showing that your restaurant will be able to repay any loans with interest out of operating profits.

Small Business 393

Small Business Menu Cash Management Document 393

Modern Restaurant Management

DECEMBER 10, 2019

According to a study, 82 percent of small businesses fail due to cash flow problems. A cash flow shortage occurs when more money is flowing out of the business than is flowing into it. During a cash flow shortage, you might not have enough capital to cover your payroll or other operating expenses.

Seasonal Menu 91

Seasonal Menu Cash Management Menu Small Business 91

Modern Restaurant Management

APRIL 21, 2023

Because restaurants and bars can accumulate a large amount of cash during daily operations, they are attractive targets for criminal activity. Enact Smart Money Management Policies Even though debit and credit card payments are popular payment choices, restaurants and bars still ring up a fair number of cash transactions.

Bar 96

Bar Restaurant Law Cash Management Employee Relations 96

Restaurant365

AUGUST 25, 2020

Comprehending your restaurant cash flow is essential to running your restaurant business. Cash flow refers to the amount of cash coming into your restaurant minus the amount of cash going out on a daily, weekly or monthly basis. Common factors that cause cash flow issues. Too much inventory. Unexpected expenses.

Cash Management 97

Cash Management Seasonal Menu Inventory Menu 97

Restaurant365

SEPTEMBER 23, 2021

Whether you’re a bookkeeper, accountant, restaurant owner, or store-level manager, understanding the basics of accounting can pay dividends for your business. Healthy accounting procedures for restaurants can help you manage food and labor costs, understand your profits and losses, and make strategic decisions about expenses and investments.

POS 147

POS Food Order Cash Management Food Supply 147

EATER

JULY 14, 2022

Inside the sealed cans are wads of Saran-wrapped cash that amount to over 300,000 dollars, a ragtag failsafe system that was set up by Mikey — owner Carmy’s dead brother — to insure that the restaurant would stay afloat financially once Carmy took over. Imagine if they opened all those cans and found not just cash, but mold.

Back of House 110

Back of House White Paper Cash Management Dine-in 110

7 Shifts

SEPTEMBER 19, 2022

What about managers? Track and manage employee workload. What about managers? Managers fared a bit better than hourly employees—with a turnover rate of 28%. Among the over 25 sets, manager recognition (or lack thereof) was one of the top three reasons they left restaurant jobs. Back-of-House and Front-of-House.

Restaurant Law 195

Restaurant Law Front of House Back of House Hospitality 195

Modern Restaurant Management

AUGUST 10, 2021

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. When it comes to managing medical plan costs for restaurant employers, aggressive management of prescription drug expenditures can yield significant savings. Carve In or Carve Out.

Management 175

Management Management Cash Management Take-out 175

EATER

NOVEMBER 11, 2020

We do pay cash to some vendors at the farmers markets, but that’s about it. I didn’t want to let go of my entire team, because if you do that, then when you have to reopen the restaurant, that will cost you a lot too, because a management team, especially one that you build, [has] really valuable corporate memory. That’s 45 people.

Cash Management 145

Cash Management Fine Dining Insurance Outdoor 145

Modern Restaurant Management

APRIL 3, 2020

Business interruption insurance is an extremely important type of coverage in an insurance policy which is intended to cover for lost income sustained as a result of a covered peril in order to allow for the continuity of your business into the future. COVID-19 has thrown our way of living into treacherous and unchartered waters.

Government 118

Government Restaurant Law Insurance Hotels 118

Modern Restaurant Management

APRIL 27, 2020

Consider the following in your risk management and business continuity programs: Use of Food Delivery Services vs. Company Employees – By using a hired food delivery service, a restaurant can reduce the chance of employees having an accident by using their cars or the owner’s vehicles.

Delivery 113

Delivery Food Food Safety Food Order 113

7 Shifts

APRIL 23, 2021

The past year has turned servers into expert delivery packers, challenge chefs' creativity, and flipped the role of a restaurant manager on its head. When they put up a job ad, they don't think about it that way,” says Jack Hott, Senior Product Manager at Poached, a job board built for the restaurant industry.

Hiring 370

Hiring Food Safety Kitchen Safety Front of House 370

Modern Restaurant Management

JUNE 7, 2021

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Cash has been king in attracting restaurant crews, but is it possible to use benefits as a differentiator? Circumstances change rapidly in the restaurant sector.

Employee Relations 104

Employee Relations Insurance Cash Management 2021 104

Restaurant365

NOVEMBER 18, 2021

Your restaurant orders, receives, and counts food all in one system: your inventory management software. Your inventory management solution measures and stores all the information you need about your food cost. After all, restaurants have historically offered same-day take home pay in the form of cash tips for front-of-house workers.

Restaurant Law 148

Restaurant Law Food Order POS Employee Relations 148

7 Shifts

APRIL 30, 2021

Food, alcohol, and cash are common victims of theft—but business owners have to look beyond physical goods. By understanding the ways it can occur, business owners or managers have a much higher chance of identifying it before it racks up a hefty bill. Give your managers top-level visibility. How to spot it: Types of time theft.

Restaurant Law 370

Restaurant Law White Paper Small Business Cash Management 370

Cheetah

OCTOBER 3, 2020

Now that indoor dining is once again allowed, waitstaff, cooks and sanitation workers are asked to come back to work with no changes to their compensations, health insurance or paycheck. Health insurance: Look for different health insurance coverages, you may find one that’s more beneficial and cost-effective for your worker.

Dine-in 78

Dine-in Inventory Food Safety Menu 78

Culinary Cues

AUGUST 28, 2020

As owners, managers, and chefs – regardless of the hours that you invested in the job in the past, this is not the time to back off – this is the time to be even more present. All of this still counts! Don’t let your edge slip away. BE PRESENT. This is the time to up your game! INVEST IN TRAINING.

Menu 420

Menu Social Media Hospitality Training 420

Ken Burgin

AUGUST 6, 2022

Effective crisis planning and management is a must. Can we all be expert crisis managers or are some people better at it than others? Thinking ahead, backup, clear policies and documentation are the key to good management and efficient operations. Adequate Insurance coverage – does it cover current risks and equipment?

Kitchen Safety 88

Kitchen Safety Food Safety Equipment Front of House 88

Restaurant365

JUNE 2, 2020

You can’t run a restaurant without employees, which means that processing payroll is an essential task for restaurant owners, operators, and managers. When you have restaurants in multiple states and cities, the difficulties of managing your payroll are multiplied. What percentage of sales should payroll be? The first is a 12.4%

Restaurant Law 109

Restaurant Law Tip Distribution Fine Dining Front of House 109

EATER

JUNE 22, 2023

But as with a real-life restaurant, the Original Beef needs an infusion of money to stay open, and survives only thanks to a stash of tomato cans stuffed with cash left behind by Mikey. His sister, Sugar (Abby Elliott), who is overseeing the project, quickly makes it clear that they need more cash. He even wears suits now!

Fine Dining 98

Fine Dining Seasonal Menu Dine-in Cash Management 98

Restaurant365

MARCH 30, 2020

Expanding “off-premise” insurance coverage. Start with the following: Revisit your insurance policy. Your first step will be to call your insurance provider and inquire about on-premise versus off-premise coverage. Depending on your specific situation, expanding your insurance can add up very quickly.

Delivery 78

Delivery Operations Menu Insurance 78

Modern Restaurant Management

FEBRUARY 3, 2022

You’ll need to check for the specifics in your rental contract, but it’s usually the landlord’s responsibility to make sure that all insurances are in place when letting out premises to a business. Easier Money Management. Cash flow management is one of the biggest challenges when running a restaurant.

Restaurant Law 184

Restaurant Law Cash Management Operations Seating 184

EATER

MAY 3, 2021

Last summer, she quit her job at a New American restaurant in Chicago where she had worked as a manager and sommelier since 2017. He said I abandoned him and that he couldn’t trust me [or] see me as a manager anymore.”. When she came back, she noticed a shift in the way her employers treated her. “I Health care is a big part of this.

Back of House 145

Back of House Kitchen Safety Food Safety Cash Management 145

EATER

MAY 31, 2023

It’s harvesting honey, centrifuging honey, bottling honey, labeling bottles, dealing with wholesalers and market managers, cash apps and banks, insurances, clients, and schools. There’s just lots to manage in order to make ends meet.

Food Order 85

Food Order Insurance Cash Management Email Marketing 85

The Food Corridor

APRIL 8, 2020

Being able to monitor and manage tenants’ movements remotely means you can be less hands-on and focus your valuable time in other areas of the business. You never know if a tenant is going to be a nightmare to manage and a security deposit gives you a little peace of mind just in case. . . Get Insurance.

Kitchen Safety 98

Kitchen Safety Food Safety Food Truck Food Order 98

Restaurant365

OCTOBER 22, 2021

Even if you use restaurant management software to automatically pull much of this restaurant data, understanding the calculations behind your operational restaurant reporting can help you place these numbers in context. An accurate CoGS relies on up-to-date numbers from your inventory management system. How to calculate net profit.

Point of Sale 78

Point of Sale Inventory POS Food 78

Open for Business

MARCH 1, 2023

Typically, restaurant managers, chefs, and certain other senior full-time team members earn a salary that exceeds minimum wage. In some states, restaurants need to pay tipped team members a minimum cash wage above the minimum wage required under the federal Fair Labor Standards Act. What is the minimum wage for restaurant workers?

Restaurant Law 78

Restaurant Law 2023 Front of House Back of House 78

Harbor Touch

NOVEMBER 21, 2022

Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. On the other hand, you may need to hire a manager and/or assistant manager to help with the day-to-day operations. There may be special licenses or permits you will need in order to open your bar.

Bar 78

Bar POS Restaurant Law License 78

The Restaurant Times

AUGUST 5, 2022

Successful restaurant accounting can help in efficient cash management, balancing financial books, optimizing costs, and overall business planning. This includes the rent, property insurance, property taxes, and other utilities. . Automated Inventory Management. Cash Flow Statement. Occupancy Costs .

Cash Management 52

Cash Management Inventory Point of Sale POS 52

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. Global insurance brokerage Hub International , is responding tonumerous inquiries asking for more guidance through the Coronavirus crisis.

Food Safety 230

Food Safety Fine Dining Food Order Kitchen Safety 230