Modern Restaurant Management

NOVEMBER 16, 2021

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Stop Loss Coverage Is Risk Management. On a basic level, stop loss insurance provides protection against catastrophic or unpredictable losses. a lower deductible).

Insurance 176

Insurance Cash Management Healthcare Innovation 176

7 Shifts

NOVEMBER 18, 2022

But taking an educated and careful approach to tip credits ensures that your hardworking team of waitstaff, bartenders, dishwashers, and cooks is compensated fairly ( improving employee retention ). More tip management resources. leaves a minimum cash wage of $5.76 ($10.88 - $5.12). x 10 hours) in cash to the employee.

Cash Management 195

Cash Management Restaurant Law Back of House Customer Service 195

7 Shifts

NOVEMBER 22, 2021

It also requires money to open a restaurant and build it out, buy equipment and finance the operation until it reaches break-even. Competitive Analysis : document local competitors and show how you will be able to carve out a niche in your market. This means the bank is partially "insured" in case somebody is unable to repay them.

Document 393

Document Cash Management Small Business Take-out 393

Modern Restaurant Management

FEBRUARY 22, 2022

Ahead of Employee Appreciation Day (March 4), Society Insurance put together a list of employee recognition ideas. Not every employee wants a bottle of wine or a coupon but rather some time off or even just shout outs for accomplishments. There are two types of bonuses: cash or non-cash. Create a Culture of Recognition.

Cash Management 203

Cash Management Merchandise Front of House Coupons 203

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 out the trash and securing the garbage or dumpster area to keep pests and critters away. Updating food labels.

Front of House 97

Front of House Food Safety Cash Management Back of House 97

7 Shifts

APRIL 30, 2021

Food, alcohol, and cash are common victims of theft—but business owners have to look beyond physical goods. Employees may clock in early to help out or leave a few minutes early on a slow day. It was a slow day, too, so they left ten minutes early and texted their friend to clocked them out at 5 PM.

Restaurant Law 370

Restaurant Law White Paper Cash Management Small Business 370

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 Out-of-network ATM fees are considerably more. Not all payroll cards are the same.

Cash Management 130

Cash Management Insurance Customer Service Government 130

7 Shifts

SEPTEMBER 19, 2022

The restaurants that prioritize employee retention above all will come out on top. 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%. But we're at an inflection point in the restaurant industry.

Front of House 195

Front of House Back of House Cash Management Customer Experience 195

Culinary Cues

AUGUST 28, 2020

Shake off the dust of complacency, press the wrinkles out of that chef coat, polish those shoes and face the challenges straight on. Send out information about your current offerings and your future plans through effective email blasts. You can do this! Engage in social media even more than before – post positive info daily.

Social Media 438

Social Media Communication Loyalty Program Training 438

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 99

Cash Management Seasonal Menu Social Media Small Business 99

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

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. Thus, your labor costs are spread out between your scheduling, POS, and payroll software.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

EATER

NOVEMBER 11, 2020

So instead of going out to raise a lot of money for a big splashy project, I kept looking until I found a space that really wanted us to be there. When you closed that space, how much money were you bringing in a year, or how much approximately were you taking in monthly — for example, before the pandemic, maybe January?

Cash Management 145

Cash Management Insurance Point of Sale Back of House 145

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

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.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Modern Restaurant Management

APRIL 27, 2020

Although delivery drivers are being asked to take additional precautions to protect themselves and others, restaurant operators may not be aware that they may be liable for bodily injury or property damage arising from motor vehicle accidents while delivery drivers are operating personal vehicles for business use.

Delivery 119

Delivery Hiring Transportation Food Safety 119

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.

Food Safety 233

Food Safety Kitchen Safety Small Business Employee Relations 233

Lavu

SEPTEMBER 29, 2023

Some owners have had to take on multiple roles themselves or hire unqualified staff, affecting the quality of service and customer experience. Labor Shortage Solutions in the Restaurant Industry To address the restaurant worker shortage, restaurant operators have been taking several approaches.

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.”. We do a ton of business out of a 400-square-foot kitchen,” Glassman said. Health care is a big part of this.

Back of House 145

Back of House Cash Management Kitchen Safety Insurance 145

EATER

JUNE 22, 2023

Now it’s back for Season 2, which finds Carmine “Carmy” Berzatto (Jeremy Allen White) and the gang preparing to take on the only thing more challenging than turning around your family’s failing restaurant: transforming that failing restaurant into a bona fide fine dining destination. After Carmy revamps the menu, the Original Beef takes off.

Fine Dining 98

Fine Dining Seasonal Menu Cash Management Dine-in 98

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?

Tip Distribution 109

Tip Distribution Restaurant Law Cash Management Front of House 109

Modern Restaurant Management

JANUARY 31, 2020

since 2000 , property owners and operators everywhere are taking a hard look at security options. It is important to take all threats seriously and investigate them thoroughly. Managing foreseeable risk = covering the basics. Managing foreseeable risk = covering the basics. Roles and responsibilities must be clear.

Management 162

Management Management Cash Management Events 162

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

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. I dropped out of high school after ninth grade. So these drops are precious.

Insurance 97

Insurance Email Marketing Cash Management 2005 97

Harbor Touch

NOVEMBER 21, 2022

Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. More importantly, you will need to create a marketing plan on how you are going to get the word out about your bar. It allows you to streamline the ordering process, reduce errors in order taking, and cut down on wait times.

Bar 78

Bar License Restaurant Law POS 78

Modern Restaurant Management

MARCH 31, 2020

A few months back, several Tim Hortons locations were forced to shut down after a computer virus infected cash registers at more than 1000 stores. That’s fine, but you need to ensure that the companies you are working with take your security seriously. Well, there are two main factors to consider. Choosing Vendors.

Website Management 167

Website Management Retail Small Business Online Ordering 167

Deliverect

MARCH 24, 2021

So let’s take a look at who might be thinking about starting a ghost kitchen. The ghost kitchen model is appealing to those who are strapped for cash and want to open a low-risk business with minimal overheads. But are they the right model to start out with? And what kind of business owner you are.

Food Truck 148

Food Truck Front of House Fine Dining Food Order 148

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. When you think about the turnover cost, it’s critical to hire the right employees out of the gate.

Hiring 78

Hiring Cash Management Insurance Communication 78

EATER

NOVEMBER 1, 2022

And while digital payment systems increase tipping rates , it can be impossible to know how much of your tip will make it into the server’s hands, unlike with old-fashioned cash. And when customers don’t tip, servers can end up paying out of pocket to pad a manager’s paychecks. There’s no health insurance.

Mobile Ordering 125

Mobile Ordering Customer Service Food Order Online Ordering 125

Hot Schedules

NOVEMBER 12, 2020

Top Five Supply Chain Management Tips. . As business levels continue to fluctuate since early Spring, it is important to keep stock levels to a minimum to preserve cash and minimize waste. To find out how to cut costs, not corners, to effectively manage your supply chain check out our procurement and inventory guide.

Supplies 78

Supplies Management Management Allergens 78

Xtra Chef

APRIL 13, 2020

These fully licensed commercial kitchens allow you to produce meals in a safe, professional-standard food production facility, without having to shell out for a brick-and-mortar kitchen of your own. By grouping orders together, you may be able to minimize delivery costs and take orders over vendors’ minimum threshold. Flexibility.

Food Truck 78

Food Truck Kitchen Safety License Insurance 78

Lavu

NOVEMBER 8, 2019

As the owner or manager of a restaurant, when you’re aiming to grow profitability, accounting is an area where you need to be comfortable. It might be considered the most dreaded part of running your business, but to be profitable and to manage the money, there’s no way it can be avoided. Unavoidable Restaurant Expenses. Prime Cost.

Management 85

Management Management Food Truck Cash Management 85

The Restaurant Times

AUGUST 5, 2022

Successful restaurant accounting can help in efficient cash management, balancing financial books, optimizing costs, and overall business planning. Keeping track of your numbers and Key Performance Indicators (KPIs) will not only help you in taking timely action but also point out specific areas that need immediate improvement.

Cash Management 52

Cash Management Point of Sale Inventory Employee Relations 52

EATER

DECEMBER 16, 2021

They kicked me out of the house,” she said. They left me out on the streets. After Vianne filled out the applications for Postmates and DoorDash and underwent a brief training session, “I just got in my car and I started delivering food.” I had to learn, and I had to grow, and take pride in what I do.

Back of House 145

Back of House Employee Relations Delivery Mobile Ordering 145

Modern Restaurant Management

MARCH 25, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. This means a restaurant can convert their parking lot into a touch free take out zone and also implement online ordering.

Online Ordering 87

Online Ordering Insurance Mobile Ordering Website Management 87

The Restaurant Times

SEPTEMBER 30, 2021

To out-hustle the competition, the top food truck owners design and iterate unique menus, produce consistently high-quality cuisine, and work long hours – frequently late into the evening. Sketch out what you think would attract you as a customer and try to replicate it with a unique twist. . Insure your truck . Source: Ixigo.

Food Truck 52

Food Truck Food License Mobile Ordering 52

The Rail

JUNE 19, 2023

Offering a range of cashless payment options can help meet the needs of the increasing number of people choosing not to carry cash with them. Engaging with the Community It’s important to remember that serving your customers isn’t just limited to a dine-in or take-out experience. They are a part of a wider community.

Dietary Restrictions 59

Dietary Restrictions Customer Experience Social Media Customer Service 59