Modern Restaurant Management

OCTOBER 12, 2021

Recent restaurant closures, even temporary ones, help to underscore the importance of recruiting and retaining a staff. As restaurants work to recruit new workers while retaining their current staffs, solutions that offer faster, digital access to earned wages could be key.

Recruiting 197

Recruiting Cash Management Employee Relations Download 197

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

Modern Restaurant Management

NOVEMBER 24, 2020

Restaurant owners are being forced to find a way to make it through winter with vastly reduced revenue, and many operators are scrambling to reallocate budgets and manage staffing to survive COVID-19. Managing cash flow can be difficult for seasonal businesses. Plan for Gaps in Your Budget.

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Cash Management Social Media Seasonal Menu SEO 230

Modern Restaurant Management

FEBRUARY 3, 2022

Seventy-four percent of full service restaurants (FSRs) managed to maintain or increase their sales during the pandemic; however, profit margins in 2021 declined to 10 percent, compared to 12 percent in 2019, according to third annual State of Full Service Restaurants Report released by TouchBistro.

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Loyalty Program Online Ordering Cash Management Point of Sale 194

Modern Restaurant Management

APRIL 11, 2022

Facing multiple headwinds, restaurant owners and management must employ the most effective tool available: effective communication. A good starting point for addressing many issues is use of a manager’s log. And don’t forget a long-time, well-established business management tactic: the employee suggestion box.

Healthcare 203

Healthcare Cash Management Social Media Communication 203

Modern Restaurant Management

DECEMBER 18, 2019

To thrive in this labor climate, it is essential that food service employers explore innovative ways to stand out among competitors to recruit and retain sharp, dedicated talent. While perpetual job openings may be encouraging for restaurant industry jobseekers, it can be a point of concerning instability for restaurant owners.

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Recruiting Cash Management Beverage 2018 160

The Restaurant Times

MARCH 14, 2022

However, the team can only achieve the desired outcome if headed by a potent restaurant manager. Hence, a restaurant manager is an integral part of a restaurant business and plays a crucial role in steering its direction, which is why their job description must be adeptly formulated. Managing Overall Team Performance.

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Management Management FOH BOH 52

Modern Restaurant Management

JUNE 3, 2021

These tools offer employees an easy and secure way to manage their wages, even if they don’t have bank accounts. Educate and Engage: Offer financial literacy education to help staffers understand and use skills that include budgeting, managing money, paying off debt and investing. Host a hiring party : Make recruiting memorable.

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Ordering Front of House Hiring Recruiting 179

Modern Restaurant Management

MARCH 20, 2023

You’ll know when to recruit more staff to deal with demand and when to hold off on ordering more stock. It will help you manage your finances more efficiently and put you in a better position to ride out those quieter months. Cash Flow Statement The term cash flow describes the money moving into and out of your business.

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Cash Management Point of Sale Consumer Goods Sourcing 195

Modern Restaurant Management

OCTOBER 19, 2023

But it’s not just newbies to franchising – or restaurant franchises themselves, for that matter – that need to stay on top of the management intricacies that characterize the business. Quick-serve brands are leading the trend, and not just for restaurants, but for franchises overall.

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Insurance Franchise Franchising Document 100

Modern Restaurant Management

DECEMBER 22, 2020

Cash Flow Is Top of Mind. No surprise during an economic crisis, over 81 percent of restaurants and other business owners are prioritizing cash flow management and are identifying ways to cut back spending and increase sales, namely by moving services online. Changing their hiring and recruiting processes (47 percent).

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Small Business Cash Management Webinar Recruiting 179

Open for Business

MARCH 1, 2023

It can turn your team into effective recruiters and trusted brand ambassadors that bring you talented hospitality pros whenever it’s time to hire. These bonuses motivate employees to recruit other talented restaurant professionals in their network. Make sure you don’t limit recruitment efforts to referrals.

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Cash Management Recruiting Hiring Reference 78

Sling

APRIL 2, 2023

We’ll answer those questions in this article and introduce you to an app that can help you manage your workforce better. Casual incentives can take the form of anything from recognition to cash to a catered lunch. This is just one example of how you can use cash to motivate your team to achieve any goal you set.

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Cash Management Loyalty Program Casual Specials 78

The Restaurant Group

APRIL 13, 2023

The journey from researching locations to recruiting staff can seem long, and many things can go wrong. Depending on the business, a startup business consultant can also be roped in to assume responsibility for a particular stage of the launch, such as planning, recruitment, or marketing. Launching a restaurant is no small task.

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Recruiting Cash Management Small Business Hiring 78

7 Shifts

DECEMBER 3, 2019

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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Franchise Franchising Audits Point of Sale 368

Lavu

SEPTEMBER 29, 2023

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.

Loyalty Program 166

Loyalty Program Front of House Mobile Ordering Customer Service 166

Open for Business

MARCH 1, 2023

In fact, team members who have fun on the job are likely to recruit friends for open positions where they work. A general manager might also wear a restaurant’s sommelier hat. They handle all the cash and credit card transactions that happen at the bar and, with help from barbacks, they need to keep the bar organized and clean.

Fast Casual 78

Fast Casual Cash Management Front of House Fine Dining 78

Lavu

NOVEMBER 1, 2023

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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Delivery Food Online Ordering Mobile Ordering 166

Embrace the Suck

APRIL 18, 2022

I should recruit more talent. I must recruit more talent. The best understand that constantly recruiting and attracting top talent isn’t something they do when they need to fill an empty spot on the team. When dining rooms shut down many scrambled to get the cash flow going again. I should get on online ordering.

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Social Media Recruiting Online Ordering Point of Sale 221

The Restaurant Times

FEBRUARY 22, 2022

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. Your ghost kitchen can be the foundation for something much more with the appropriate strategy, enough cash, and a sound business plan.

2022 98

2022 Front of House Cash Management Online Ordering 98

7 Shifts

OCTOBER 22, 2021

Your employees love working at your restaurant - so why not recruit them to get more help finding new employees? This program incentivizes employees to tap into their networks and refer people to work in your restaurant in exchange for a reward, like extra time off or a cash bonus.

Seasonal Menu 370

Seasonal Menu Hiring Reference Mobile Ordering 370

Restaurant365

JULY 29, 2021

Ultimately, managing your vendor relationships is an area of risk management. Understanding all the details you can about your current cash, loan, and grant status are essential as you look to make large-scale financing decisions. Some suppliers shifted their operations during the pandemic, and many even went out of business.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Modern Restaurant Management

DECEMBER 14, 2021

Managers lack the tools to properly schedule employees and plan for shifting consumer demands, and as a result, businesses are paying for redundant overworked labor, or having to manage with inadequate labor due to hiring challenges. Rick Camac, Dean of Restaurant & Hospitality Management at the Institute of Culinary Education.

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2022 Food Supply Mobile Ordering Customer Experience 189

The Restaurant Times

NOVEMBER 30, 2020

Evaluate cash flow for the first year and calculate the five-year-return to the franchise. Supply Chain Management. Vendor Management. Payouts and Commission Management. Managing the business of multiple Franchise Restaurants can be a daunting task. Cash Flow And Financial Projection. Initial setup cost.

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Franchise Franchising Cash Management License 52

The Restaurant Times

MAY 20, 2022

In fact, the bakery and patisserie sector in the UK is leading in attracting cash from the consumers clocking a ~ 57% increase since the lockdown was lifted entirely. Are you now confused and not sure whether you will be able to manage a bakery in the UK? Recruit Adequate Staff. Research Your Competition.

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Social Media Cash Management Recruiting POS 52

7 Shifts

FEBRUARY 12, 2021

They could also be trying to get out of a bad situation—be it management, building, or market related. Find out the true costs Understanding the businesses food and labor costs, monthly overhead, and a clear picture of the business cash flow. Restaurant Recruiting During and After COVID-19.

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License Equipment Certification Information 444

Restaurant365

MARCH 15, 2022

Recruitment and retention strategies go hand in hand. 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.

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Hiring Cash Management Insurance Communication 78

Black Box Intelligence

MAY 12, 2022

Digital Recruiting Methods. That’s why some restaurant human resources departments have started recruiting on social media platforms such as Twitter and TikTok. Managers have also started implementing SMS reminders for applicants so as to minimize the chances they forget to come to an interview and waste a manager’s valuable time.

Advertising 52

Advertising Social Media Recruiting Hiring 52

Cheetah

JUNE 25, 2021

This helps restaurant operators save time scheduling, effectively manage their labor costs and streamline workforce communication. Benefits, second only to salary, substantially contribute to employee retention and recruitment. Something to effectively control costs and increase profitability. Retain workers with employee benefits.

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Front of House Back of House Guest Recovery Hiring 147

EATER

MARCH 22, 2024

Somehow, the "wrong crowd" managed to infiltrate New York’s Soho House — a crowd of corporate suits. Kim Kardashian and the Real Housewives are in the same category as lawyers and hedge fund managers, as former membership director Tim Geary told the Hollywood Reporter — both lacking in the je ne sais quoi that deems one worthy of Soho House.

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Back of House Social Media 2017 Hotels 93

Gecko Hospitality

JULY 12, 2018

A successful restaurant needs strong management, and the right restaurant management software can improve all areas of your business, ensuring it runs efficiently, reducing costs, decreasing customer wait times, and preventing billing and scheduling errors. Benefits to a Using Restaurant Management Software.

Management 40

Management Management Cash Management Point of Sale 40

The Restaurant Times

MAY 25, 2021

Management Team: This should include the list of stakeholders involved in the management of your cafe such as owner, manager, Head Chef, etc. Training must also consist of crisis and disaster management techniques. . Your financial analysis must consist of the following: (i) Cash Flow Statement. Industry Research.

Cash Management 52

Cash Management Employee Relations Point of Sale Email Marketing 52

EATER

MARCH 22, 2024

Somehow, the "wrong crowd" managed to infiltrate New York’s Soho House — a crowd of corporate suits. Kim Kardashian and the Real Housewives are in the same category as lawyers and hedge fund managers, as former membership director Tim Geary told the Hollywood Reporter — both lacking in the je ne sais quoi that deems one worthy of Soho House.

Back of House 84

Back of House Social Media 2017 Hotels 84

Perfect Daily Grind

FEBRUARY 10, 2023

The US Department of Labor says the businesses “illegally allowed managers to keep a portion of the tips earned by workers”, which violated the Fair Labor Standards Act. An investigation led by the US Department of Labor found that the company violated labour and wage laws by diverting workers’ tips to management.

2023 122

2023 Pricing White Paper 2022 122

Aaron Allen & Associates

JULY 17, 2020

Backing & Growing Strong Foodservice Operators : Chains with high growth potential and a strong balance sheet that could use cash to back further expansion. Adding expertise and management skills. Board and Management Installation. Some investors could be interested in all three buckets, or in certain angles of just one.

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2020 Back of House Cash Management Specials 110

The Restaurant Times

JANUARY 28, 2022

Recruitment and Retention . Another significant difficulty that restaurant operations must deal with is the recruitment and retention of qualified employees. The first big obstacle to overcome is the transient nature of many positions in the hospitality industry.

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Recruiting Customer Service Hiring Seating 52

EATER

JANUARY 28, 2022

per hour — the lowest legal cash wage in the U.S. Melton also says she witnessed discrimination on the job — not only from customers but also from the store’s management. Even though Melton benefited financially from this practice, she spoke out about the inequity to the management. Jillian Melton was paid just $2.13

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Cash Management Restaurant Law Employee Relations Food Supply 98