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This edition of Modern RestaurantManagement (MRM) magazine's Research Roundup features rewriting the rules of seasonal marketing, snack wrap traffic driver, GLP-1 use impact on F&B, and restaurant marketing challenges. Notably, 52 percent of respondents cite sales as their primary concern.
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We’ll explore the specialized functions, the day-to-day realities of managing finances, and critically, how modern solutions like outsourced bookkeeping and cloud-based tools empower these businesses to not just survive, but thrive and stay profitable in a highly competitive market. Discover best practices and common pitfalls to avoid.
This discussion will provide a roadmap for mastering the art of accounting in the world of restaurants and bars. Key Takeaways Understanding hospitality accounting is crucial for efficiency, profitability, and making informed business decisions in restaurants and bars. But, why is this so crucial to your business’s success?
Understanding how payment processors and gateways work is essential for any modern business, especially in the restaurant and retail space. To verify this, transaction information is passed from the restaurant terminal or software to a processor, and then through the card network to the bank that issued the credit card for approval.
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Like the navigators of ancient mariners’ ships, hospitality accountants in London are the unseen heroes guiding hotels and restaurants through the tumultuous seas of financial management. These professionals not only offer traditional bookkeeping but also provide specialized financial solutions crucial for hotels and restaurants.
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In this edition of MRM News Bites, we feature the Takeout For Good Effort on June 2 and a host of products designed to help restaurants keep guests and staff safer as they reopen. GroupRaise is inviting restaurants across the country to join their Takeout For Good initiative happening on June 2. Takeout For Good.
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And how are other restaurants and industry insiders responding to this growing health concern? ” The cashless multi-vendor open-air gastronomic market has two locations in Prague, and a total of 34 independently operated restaurants, bars and retailers. Cash is dirty. Eat healthier.”
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New Jersey generally follows federal tip law standards, but the state does forge its own path in some key areas. A modern restaurantmanagement system can help with compliance. But staying compliant starts with an understanding of New Jersey tip laws and what they mean for your restaurant.
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In 2021, I worked in a restaurant that promoted itself as the future of dining. Diners would sit down and immediately download an app to browse the menu, place their order, and pay with a credit card, all on their phones. Like much of the world, new and ever-changing technology is a fact of life for restaurant workers.
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New Jersey generally follows federal tip law standards, but the state does forge its own path in some key areas. A modern restaurantmanagement system can help with compliance. But staying compliant starts with an understanding of New Jersey tip laws and what they mean for your restaurant.
When you’re researching onlineordering providers like ChowNow for your restaurant, you’re bound to have questions. Frequently Asked Questions About ChowNow for Restaurants: The Basics. Frequently Asked Questions About ChowNow for Restaurants: The Basics. Is ChowNow good for restaurants? .
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From the creator fund to sponsored content and upstart new businesses seeking to capitalize on a newly massive social media following, influencers are cashing in. Sometimes, a small operator is fully capable of managing a normal volume of orders but doesn’t have the capacity to handle an unexpected online onslaught.
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However, note that bar profit margins vary due to various factors like tax rates, licensing laws, customer demographics, and the cost of living in your area. Zoning and health regulations: Get acquainted with your location's zoning laws to know what to do, what permits to get, and what laws to follow.
" The Big Kahuna Burger theme will be part of the Interior where staff will be in costume and exterior of the restaurant with Big Kahuna Burger signage. “We are proud to make this pledge and we invite other restaurant and QSR companies to do the same.” ” Green Rabbit Secures Funding. delivery success rate. .
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