Remove Cash Management Remove Merchandise Remove Small Business
article thumbnail

How to Avoid the Top Seven Restaurant Inventory Management Mistakes

Modern Restaurant Management

Inefficient restaurant inventory management practices, improper storage, gaps in inventory logs, theft, and waste can cause even the most successful kitchens to struggle or fail. Below are the top seven inventory management mistakes restaurants are making, and how to correct them. Always date and label everything.

Inventory 450
article thumbnail

How to Manage Cash Flow During Restaurant Restrictions

Restaurant365

Tracking and understanding your restaurant’s cash flow is essential, whether business is booming, or times are tough. A healthy, positive cash flow is necessary to pay your bills and grow sales. Monitoring your cash flow is more important than ever during the COVID-19 outbreak. How to calculate restaurant cash flow.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Walmart Got Its Hands on the Coolest Pantry Brands

EATER

And even the hippest brands looking to grow can’t ignore the impact that landing on the shelves at Walmart might have on their businesses. We were finally at a point in our business where we were ready for that kind of volume,” she says. “As Walmart truly allowed us to jump from a regional brand to a national brand.” “We

Retail 305
article thumbnail

Face Pay Network, Restaurant of the Future and The Main Course

Modern Restaurant Management

Modern Restaurat Management (MRM) magazine is collaborating with the team at MarketScale on The Main Course , a podcast that aims to explore the intense and competitive modern restaurant industry. "We Barbara Castiglia , MODERATOR – Modern Restaurant Management. The Main Course. Space is limited, so click here to register.

article thumbnail

Understanding Restaurant Finances & Financial Statements in 2024

7 Shifts

As an operator, you must have a firm grasp on your revenue, expenses, and profitability if you want to be part of the 20% of businesses that find long-term success in the industry. Food & beverage sales report Restaurant prime costs report Restaurant inventory reports Restaurant P&L statement Cash flow statement 1.

2024 221
article thumbnail

7 key restaurant revenue streams to prioritize in 2024

7 Shifts

You can then accept cash payments upon delivery, which is helpful for local restaurants with limited budgets. Additionally, catering large events can help you manage your inventory more efficiently, reducing food waste and maximizing profit. You can also develop your own delivery system to gain more control of the revenue and costs.

2024 243
article thumbnail

Safe Distancing Tech and a Farewell to Foam

Modern Restaurant Management

The idea of purchasing Dining Bonds seemed to strike a chord with the public as a way to provide much needed financial support in order to help restaurants stay in business. The company is exploring collaborations with corporate partners and charities, as well as merchandise sales, to keep its mission alive. "When