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

7 Shifts

NOVEMBER 18, 2022

More tip management resources. tip credit, meaning the minimum cash wage for overtime hours increases at a higher percentage than regular wages. leaves a minimum cash wage of $5.76 ($10.88 - $5.12). Therefore, the minimum cash wage for overtime increases by $3.63, and the restaurant must provide $57.60 ($5.76

Cash Management 195

Cash Management Restaurant Law Back of House Customer Service 195

Society Insurance

NOVEMBER 15, 2022

To expedite the process of wrapping up for the night, restaurant and bar owners can turn to a closing checklist that outlines tasks to be completed by front-of-house staff, back-of-house staff, and management. Taking inventory and reporting low-stock items to the chef or manager. Properly securing all cash in a drop safe.

Front of House 97

Front of House Food Safety Cash Management Back of House 97

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 203

Cash Management Merchandise Front of House Coupons 203

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.

Document 393

Document Cash Management Small Business Take-out 393

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.

Cash Management 300

Cash Management Government Small Business Healthcare 300

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 131

Cash Management Insurance Customer Service Government 131

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.

Cash Management 100

Cash Management Seasonal Menu Social Media Small Business 100

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 Insurance 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 Front of House Back of House Food Safety 370

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.

Front of House 195

Front of House Back of House Cash Management Customer Experience 195

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.

Cash Management 147

Cash Management Point of Sale POS Inventory 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.

White Paper 110

White Paper Cash Management Back of House Insurance 110

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 178

Management Management Cash Management Healthcare 178

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 119

Delivery Hiring Transportation Food Safety 119

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 Cash Management Small Business 370

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 Insurance Point of Sale Back of House 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 124

Government Insurance Cash Management Hotels 124

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 Email Marketing 97

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 108

Employee Relations Insurance Cash Management 2021 108

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.

Social Media 436

Social Media Communication Loyalty Program Training 436

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.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

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 196

Restaurant Law Cash Management Insurance Seating 196

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%

Tip Distribution 109

Tip Distribution Restaurant Law Cash Management Front of House 109

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 Cash Management Equipment Front of House 88

Lavu

SEPTEMBER 29, 2023

Make sure that you are paying your employees a fair wage and offering competitive benefits, such as health insurance, paid time off, and retirement savings plans. Table Management: Lavu’s table management feature allows you to track table availability, manage reservations, and optimize seating arrangements.

Loyalty Program 166

Loyalty Program Front of House Mobile Ordering Customer Service 166

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 Cash Management Kitchen Safety Insurance 145

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 233

Food Safety Kitchen Safety Small Business Employee Relations 233

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 Insurance Inventory Cash Management 78

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 Cash Management Dine-in 98

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.

Insurance 86

Insurance Email Marketing Cash Management 2005 86

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 License Restaurant Law POS 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?

2023 78

2023 Restaurant Law Front of House Cash Management 78

Restaurant365

MARCH 15, 2022

According to the National Restaurant Association, the average cost of restaurant turnover in 2021 was $1,869 per hourly employee, $8,119 per manager and $14,689 per general manager. Train your managers to hire the right employees. Managers must be able to identify applicants who are good cultural fit. Paid time off.

Hiring 78

Hiring Cash Management Insurance Communication 78

Modern Restaurant Management

JANUARY 31, 2020

Some examples could include: healthcare organizations, organizations with political or ideological agendas, news media organizations and businesses that deal with significant quantities of cash. Managing foreseeable risk = covering the basics. Managing foreseeable risk = covering the basics.

Management 163

Management Management Cash Management Events 163

Restaurant365

FEBRUARY 19, 2020

Non-controllable costs, like the fixed costs of rent, insurance, and salaries, are predictable expenses. Occupancy expenses: fixed costs like rent, property taxes, and insurance. Like accounting in other industries, restaurant accounting typically breaks down expenses into controllable and non-controllable costs.

Point of Sale 120

Point of Sale Cash Management Inventory Consumer Goods 120

Modern Restaurant Management

AUGUST 10, 2020

Some taxes are the sole responsibility of the restaurant-employer such as Federal Unemployment Tax Act (FUTA), most State Unemployment Tax Act (SUTA), and a portion of Federal Insurance Contributions Act (FICA) taxes. This is especially true when times are tough and managers are looking for ways to pay bills.

Audits 178

Audits Government Point of Sale Cash Management 178