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2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

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.

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OUR DAILY BREATH: A PHASED IN APPROACH TOWARD RESURRECTING RESTAURANTS

Culinary Cues

Value: During this phase – value will be based almost entirely on price and whether the guest feels that they are able to justify the expenditure. Cash Flow: Restaurants should not view profit as a goal during Phase One. Profit will still be elusive, but solid management of expenses can result in breakeven.

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Five Things Every Restaurant Can Do to Boost Profits While Reopening

Modern Restaurant Management

If running a restaurant wasn’t already expensive, running one under new distancing regulations means less capacity and investment in safety infrastructure that will take a toll on costs. Given smaller staff sizes during the pandemic, it is more important than ever to empower kitchen teams to get more done with less effort.

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What Trends Are You Seeing and What Can We Expect to See More of in 2022?

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their views on trends. With more options to work outside of the hospitality industry, operators must offer employees more scheduling flexibility, facilitate transparent communication between management and team members, and avoid overworking staff.

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Setting the stage: a guide to opening a restaurant

Open for Business

Visit other restaurants in the area to understand their pricing and see what they’re doing well and what can be improved upon. Think about the flow of traffic from the kitchen to the tables. Craft a comprehensive financial blueprint to manage your restaurant’s expenses. Are people craving a new Italian place?

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5 Things To Consider Before Going For Restaurant Consulting

The Restaurant Times

Yes, you can enrol in restaurant management classes or attend culinary school. If you want to open a profitable restaurant, you’ll need a good budget, and unless you have a limitless supply of cash, you’ll have to include in it the expense of hiring a restaurant consultant. Source: Vocal Media. Experience .

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PPP Part Two and More Restaurants Need to Know Now

Modern Restaurant Management

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. Best practices for calculating cash flow. PayByPhone will support the global nonprofit organization World Central Kitchen's COVID-19 relief response.

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