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How to Expand Your Franchise: A 10-Step Roadmap for Restaurants

7 Shifts

Consider looking to: Banks Merchant Cash Advances Angel Investors Friends & Family Additionally, you should be ready (and willing) to front a good amount of your own money to expand your franchise. However, opening a business can easily become a full-time job, which limits the amount of time you’ll have to manage your existing locations.

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Restaurant Startup Trends To Follow In 2022

The Restaurant Times

Investing in labour-saving technologies and providing simple and fewer menu selections, for example, has allowed them to free up cash flow and recruit more people or raise compensation. Sustainable Business Practices . The concept of sustainable business growth has developed significantly over time.

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8 Ways CFOs Can Help Restaurant Groups Through the Restaurant Reopening/Recovery

Restaurant365

Strong vendor relationships can help you ensure continuity in product, better pricing, and high-quality standards for inventory. Ultimately, managing your vendor relationships is an area of risk management. Your managers are also likely spending a lot of their limited time trying to fill gaps in staff roles.

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8 Ways to Navigate The Restaurant Staff Shortage

Lavu

Ensure that your recruitment and selection processes are efficient and thorough. Some ways Lavu can help automate tasks and improve efficiency are: Order Management: Lavu provides a user-friendly interface for taking orders, which reduces errors and speeds up the process.

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How A Restaurant Consultant Can Help You Run Your Restaurant Better

The Restaurant Times

As a first-time entrepreneur in the food industry, the strategy for opening a restaurant begins with identifying a location, developing a concept and design, recruiting the right people, providing suitable training, branding and marketing, and effectively operating the business. Many new restaurant owners are first-generation entrepreneurs.

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Experts Weigh In: What Are Key Challenges Restaurants Will Face in 2022?

Modern Restaurant Management

These challenges pose the potential for inventory constraints, menu price increases, delays in service and more, impacting not only the hours restaurants can stay open but also the capacity at which they can operate. Rick Camac, Dean of Restaurant & Hospitality Management at the Institute of Culinary Education.

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How to Start a Food Delivery Service for your Business

Lavu

Food delivery has become a cash cow for restaurants because it’s convenient and easy for customers. To manage and optimize the cost per delivery, restaurants often perform regular cost analysis and make necessary adjustments. By following these tips, restaurants can use food delivery to reach more people and make more money.

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