Embrace the Suck

APRIL 26, 2020

Profits are sliding away a small percent at a time until you wake up one day in panic mode. All this could’ve been avoided if you had your finger constantly on the financial pulse of your business. It must drive results that improve the business. Cash flow is simply the amount of money going in and out of the restaurant.

Cash Management 435

Cash Management Point of Sale Inventory Bar 435

Culinary Cues

DECEMBER 17, 2020

There are a number of reasons why restaurants fail – some are predictable and avoidable, while others can catch a business off guard. None, however, are as devastatingly out of the operators control as this pandemic. They just can’t survive the pain of lost business for months on end.

Uniforms 471

Uniforms Cash Management Brewery Consumer Goods 471

7 Shifts

MARCH 10, 2021

These may be traits that come naturally to the best restaurateurs, but they can also learn some valuable habits to help them efficiently and effectively run a business and meet their goals. A successful business plan covers everything from the food you’ll serve to how your restaurant will look and how you want your customers to feel.

Management 370

Management Management Small Business Email Marketing 370

Modern Restaurant Management

JANUARY 5, 2024

To minimize service disruptions across restaurant operations, proactive businesses prioritize not just navigating the current economic environment but also preparing for any uncertainties in the future. Businesses in the restaurant industry heavily rely on customer loyalty to maintain steady cash flow.

Supplies 118

Supplies Cash Management Food Supply Transportation 118

Culinary Cues

AUGUST 7, 2021

A small step, but one that signifies that if we put our heads together there is a way, or many ways, to move beyond, over, or around those challenges. If we see the challenge as something that has an answer if we take the time to really push our problem-solving skills, then a solution will eventually present itself. Challenges solved.

Social Media 474

Social Media Cash Management Blog Equipment 474

Modern Restaurant Management

FEBRUARY 13, 2020

Small business owners in nearly every industry struggle with cash flow and how to best utilize their working capital. Nearly 60 percent of failed businesses cite cash-flow issues as a primary reason for their failure, which shows how cash flow management can make or break your business.

Cash Management 147

Cash Management Small Business Inventory Customer Experience 147

7 Shifts

OCTOBER 31, 2022

A restaurant business plan is one of the most (if not the most) essential elements in getting a new restaurant off the ground. There are a few reasons for this: A business plan is typically the first thing any lender or investor will want to look at. What is a Restaurant Business Plan? Restaurant Business Plan Sample Outline.

Point of Sale 397

Point of Sale Back of House Document Download 397

Modern Restaurant Management

JANUARY 8, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

2024 216

2024 Loyalty Program Cash Management Customer Experience 216

Restaurant365

MARCH 10, 2022

With food costs running at approximately 30% or higher, learning importance of inventory management and how to prevent common mistakes is critical in successfully driving down costs and maximizing profits. First, let’s break down the two types of inventory costing, Actual and Theoretical. Theoretical Variance.

Inventory 78

Inventory Management Management Merchandise 78

Modern Restaurant Management

MARCH 1, 2023

Is your restaurant up to speed with the latest best practices for back of house (BOH) management? Those areas of your restaurant that aren’t typically seen by customers but directly impact your business. So, which back of office trends should restaurant ownership and management be concerned with heading into 2023?

Front of House 171

Front of House BOH Back of House 2023 171

7 Shifts

JULY 28, 2021

You would think something as second nature to people as communication would be easy to manage in the workplace. Maybe one of your servers just called in sick at the last minute, your shipment of inventory containing all the ingredients for tonight's dinner special never showed up or the plumbing is acting up again. Pre-Shift Meetings.

Communication 430

Communication Management Management Front of House 430

7 Shifts

APRIL 3, 2020

So here’s the question a lot of restaurateurs are asking: how do you start drastically cutting expenses to give your business the best chance of recovery? Download all the data from your restaurant POS or back-office management platform to get a sense of how your restaurant is operating today.

BOH 368

BOH POS Influencer Point of Sale 368

7 Shifts

JANUARY 23, 2020

As you plan out your concept, location, menu, staffing, and marketing, take a read through the advice left by hundreds of restaurateurs to ensure you’re set up for success in 2020. Educate yourself If there’s one thing to know when opening a new business—especially a new restaurant—it’s that there’s no such thing as “too much research.”

2020 335

2020 Hiring Cash Management Education 335

Modern Restaurant Management

FEBRUARY 4, 2022

This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. Following are some of the major restaurant trends to watch out for in 2022. Consider, removing processed or pre-packaged ingredients from their inventory. Simplified Menus.

2022 219

2022 Customer Service Online Ordering Website Management 219

Clover - Restaurants

APRIL 23, 2024

Yet, purchasing a restaurant can bring a new set of challenges that are worth considering before you take the plunge. An existing restaurant also has an established cash flow, as well as a system in place for managing inventory, staffing, and running the kitchen. Franchise or independent restaurant?

Point of Sale 52

Point of Sale Cash Management Franchise Franchising 52

Modern Restaurant Management

SEPTEMBER 14, 2022

– Team Bots’ It sounds like something out of a science fiction movie, right? AI and ML are buzzwords and often sound out of reach of an average restaurateur. But smaller businesses can implement AI to make small changes that impact their business. To get a receipt for your order, reply with Hi.

Front of House 211

Front of House Mobile Ordering Loyalty Program Back of House 211

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 124

Cash Management Seasonal Menu Social Media Small Business 124

Aaron Allen & Associates

MARCH 3, 2022

There are so many things to think about — from inventory management to restaurant payment and billing and more — it can be difficult to keep track of it all. That’s where restaurant management software comes in. In this roundup, we will take a look at some of the best restaurant management software out there.

Management 120

Management Management Mobile Ordering Point of Sale 120

Restaurant365

DECEMBER 11, 2020

The events of this year made running a lean, streamlined restaurant business a necessity to survive the many shifts. As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. Manage cash flow by creating a cash flow forecast.

2021 136

2021 Cash Management Management Management 136

7 Shifts

DECEMBER 8, 2020

47% of restaurants were negatively affected by employee turnover in 2019, with less than a third of restaurateurs reporting that turnover had no impact on their business. The benefits of employee contests can impact all areas of your business and employee lifecycle—from sales to engagement to training. Then, put it to a vote!

Front of House 370

Front of House Social Media Employee Relations Back of House 370

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

Restaurant365

JUNE 9, 2020

As your restaurant business begins to recover from restrictions put on it due to COVID-19, it is crucial to assess your financials and strategize your costs. By generating a budget for your controllable costs , you can create a clearer path for your cash to move. Manage your cash flow. Create a restaurant budget.

Cash Management 97

Cash Management Management Management Small Business 97

7 Shifts

NOVEMBER 17, 2022

Drinking has, of course, traditionally been the main activity that takes place at bars. Games are a great way to add value to your bar, brewery, or coffee shop without changing the core of your business. Differentiate your business from competitors. If so, you can take advantage of games that require more space.

Bar 195

Bar Sports Outdoor Brewery 195

Lavu

JANUARY 21, 2020

Businesses in the restaurant industry generate most of their revenue from selling food and beverages. A small restaurant business will often change its inventory level based on the demands of the customers. Let’s have a look at the major accounting methods used by small restaurants: Cash Accounting Method.

Cash Management 78

Cash Management Point of Sale Small Business Customer Service 78

Lavu

MARCH 2, 2020

Businesses in the restaurant industry operate on slim margins and must consider all the factors affecting profitability. Restaurant analytics and reporting involve the collection and analysis of information from all aspects of the business and its performance. An important part of restaurant operations is business intelligence (BI).

Cash Management 78

Cash Management Point of Sale Front of House Inventory 78

Hot Schedules

MAY 25, 2021

The team is growing, and we thought this is a great opportunity to sit and talk with them about their work at Fourth and what it takes to further develop and enhance a product with 20 successful years of history, as well as what it takes to collaborate with peers in the USA, Australia, Republic of South Africa and Bulgaria.

Cash Management 148

Cash Management Customer Service Customer Experience Sports 148

Sling

JULY 1, 2023

We’ll discuss how to navigate the early planning stages, review some essentials to take care of before launch day arrives, and leave you with some tips to keep your restaurant running smoothly once it opens. To best set yourself up for success, start by taking time to complete the following steps.

Fine Dining 78

Fine Dining Cash Management Restaurant Law Consumer Goods 78

Modern Restaurant Management

MAY 21, 2020

Though expecting business as usual to be ‘usual’ is a little far fetched, many restaurants are opting for innovative ways to counter the virus – some even becoming part of the solution. Here’s a quick checklist to help you make safe choices while ensuring business continuity: Redesign Your Offerings.

Social Media 216

Social Media Food Safety Cash Management Kitchen Safety 216

Restaurant365

JULY 29, 2021

Business in the restaurant industry is once again starting to look brighter. Every industry learned last year that unpredictable external events can turn your business upside down. With social distancing, changes in consumer behavior, and other swift changes, the COVID-19 pandemic quickly upended many restaurant business models.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

BNG Point of Sale

OCTOBER 15, 2021

The terms cash register and point of sale system are often interchangeably used. But there are many advantages of a point-of-sale system, over cash registers, as a company management solution. A POS also helps businesses become more efficient by gathering and analyzing data from sales transactions.

Retail 52

Retail POS Cash Management Point of Sale 52

Cheetah

APRIL 13, 2021

When we first set out to provide e-commerce solutions for Small-Medium business supplies, we were hoping to make just a bit of a dent. Just five years after Cheetah was founded, we’ve managed to process over 350,000 orders, supply over 1,000,000 products, and service over 3,000 restaurants. Reading Time: 5 minutes.

Operations 78

Operations Food Truck Food Supply Small Business 78

Mad Mobile

FEBRUARY 5, 2024

In fact, surveys show that 56% of people dine out at least twice a week! As a business owner, you’re always trying to maximize your operational efficiency. There are plenty of ways people cut costs to try and save a business that simply don’t work. You won’t need a central POS terminal taking up room in your dining area.

Ordering 52

Ordering Fast Casual Mobile Ordering Customer Service 52

BNG Point of Sale

NOVEMBER 12, 2021

Starting a small business is both an exciting and trying process. Finding the perfect blend of attention to customer satisfaction and focus on your employees and profits takes time, experience and insight. A digital POS system takes a traditional cash register to the next level.

POS 52

POS Point of Sale Cash Management Loyalty Program 52

BNG Point of Sale

NOVEMBER 19, 2021

A POS can effectively integrate with other key business processes, make operations more efficient and act as the backbone of your business. A POS can bring all aspects of your business together with its integration features. A digital POS system takes a traditional cash register to the next level.

POS 52

POS Operations Loyalty Program Point of Sale 52

BNG Point of Sale

DECEMBER 6, 2021

Some systems work better for small businesses, while others are designed for large ones. You want something compatible with your type of business and has features that will help manage inventory, sales data, etc. S ometimes they are also referred to as cash registers or POS systems. How Do They Work?

Point of Sale 52

Point of Sale POS Employee Relations Cash Management 52

Restaurant365

DECEMBER 20, 2021

Restaurant accounting teams can help connect operating and financial data at the store level, as well as zoom out to examine big-picture revenue and costs. Sharing information between teams shouldn’t require time-consuming communication to ensure accurate reporting, cost management, and forecasts.

Operations 78

Operations Leadership Point of Sale Cash Management 78

Xtra Chef

APRIL 22, 2020

If you have successfully been able to adapt your business to keep your doors open, or even were able to utilize small business assistance programs, it’s likely that you’ve already had your eye on coming out of the other side of the COVID-19 outbreak strong. Take advantage of the rare commodity of time.

Cash Management 80

Cash Management Back of House Inventory Seating 80