article thumbnail

How EaaS Benefits Businesses Big and Small

Modern Restaurant Management

But have you considered how an equipment subscription is a better, smarter business move than equipment ownership? While purchasing has always been the norm for most, if not all, essential equipment in the restaurant business, it’s not necessarily the smarter fiscal choice. EaaS for Big Business. Brand protection.

article thumbnail

Small Business Optimism Persists, Despite the Pandemic

Modern Restaurant Management

Businesses and consumers alike are finding ways to adapt and stay resilient during these unprecedented times. Even amidst the pandemic, the survey showed 75 percent of small business owners are optimistic about their business’s recovery and 82 percent feel that they are better prepared to handle a future crisis.

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 Interchange Fees Are Reshaping the Restaurant Industry’s Bottom Line

Modern Restaurant Management

This includes higher prices and reduced cash flow. As fees accumulate, restaurant owners often have difficulty managing cash flow and may be forced to cut essential services for their employees or other overhead costs. This ultimately saves the business money but charges the customer more.

article thumbnail

The Holiday Rush and Beyond: Six Benefits that Keep Restaurant Teams Engaged

Modern Restaurant Management

Instead of cash alone, consider giving the choice of a memorable experience, such as a gift certificate. Small yet thoughtful perks like these reward hard work and emphasize the importance of rest and renewal, helping to avoid burnout.

article thumbnail

How Restaurants Can Utilize a Small Business Loan to Fuel Growth

The Rail

A well-utilized small business loan gives the financing required to scale your restaurant effectively and turns prospects into real outcomes. Expanding Operational Capacity to Meet Higher Demand When customer demand increases, businesses that do not scale up quickly lose valuable opportunities to competitors.

article thumbnail

Beyond the Scoop Shop: A Blueprint for Scaling Artisan Food Businesses

Modern Restaurant Management

Scaling an artisan food business is no easy feat. Many small food businesses reach a critical point where they must decide whether to remain small and exclusive or expand into wholesale, manufacturing, and broader distribution. As business owners, we know how expensive turning a gray shell into a gorgeous restaurant is.

Food 322
article thumbnail

Restaurant Cash Flow Management 101: Building Good Financial Habits

ChowNow

Whether you’re a roadside fruit stand or a Michelin star restaurant, cash flow management is crucial. And there’s more to restaurant cash management than simply bringing in more money to cover expenses. What is Cash Flow? Cash flow is the net amount of money moving in and out of your restaurant.