7 Shifts

JULY 21, 2020

From small business loans to microgrants to business credit cards, cash is available; it just takes a bit of application work and a little know-how. Best for: Businesses who need cash to keep their doors open and their staff employed. Best for: Small businesses that need substantial cash to do big things.

Cash Management 300

Cash Management Government Small Business Healthcare 300

Perfect Daily Grind

JULY 31, 2022

Without access to finance, many coffee farmers struggle to invest in their farms – their businesses – and few can manage their farms enough to make them profitable. Larissa Céron works at Neumann Kaffee Gruppe (NKG) Sustainable Business Unit in Hamburg. Rachel Nakasiita is Farmer Service Unit (FSU) Manager for NKG Bloom Uganda.

Cash Management 138

Cash Management Agriculture Food Supply Sustainability 138

Modern Restaurant Management

MARCH 1, 2023

Is your restaurant up to speed with the latest best practices for back of house (BOH) management? So, which back of office trends should restaurant ownership and management be concerned with heading into 2023? They include restaurant management tips for cutting costs, decreasing food waste, and much more.

Front of House 171

Front of House BOH Back of House 2023 171

Perfect Daily Grind

SEPTEMBER 28, 2022

Producers need to see their farms as businesses , so they need to plan farm management similarly to any other business. Ultimately, without modern data collection methods, producers may not be able to track and review these variables – meaning a potential opportunity to manage or increase coffee quality is lost.

Supplies 136

Supplies Sustainability Cash Management Point of Sale 136

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. Sustainable Business Practices . More than a decade ago, millennials started to advocate the cause of sustainability, and Gen Z has only added to it.

2022 98

2022 Front of House Cash Management Online Ordering 98

Aaron Allen & Associates

MAY 10, 2024

They provide a way for investors to access dividends generated from real estate investments without needing to buy, manage, or finance properties themselves. Overall, REITs have provided a valuable tool for the restaurant industry, facilitating growth and financial management but require careful consideration of terms and strategic fit.

Hospitality 52

Hospitality Fast Casual Cash Management Hotels 52

Modern Restaurant Management

AUGUST 16, 2023

Gone are the days of cash-only transactions. POS systems offer a multitude of benefits for businesses, including: Streamlined operations by automating various tasks such as sales transactions, inventory management and reporting. Here are the ways technology is revolutionizing the culinary world through.

Loyalty Program 167

Loyalty Program Mobile Ordering Dietary Restrictions Point of Sale 167

Restaurant365

JUNE 9, 2020

By generating a budget for your controllable costs , you can create a clearer path for your cash to move. Assessing this movement by ensuring that the budget is maintained and that invoices are entered daily will help you better manage your cash flow each month. Manage your cash flow. One of these costs is labor.

Cash Management 97

Cash Management Management Management Small Business 97

7 Shifts

JANUARY 23, 2020

This advice were submitted by owners and managers of restaurants of all sizes, concepts, and locations in the forthcoming 7shifts Restaurant Labor Management Study in 2020 ( subscribe to get your copy when it’s published!). Manager, Mercato Italiano. As a manager, work for your staff and your staff will work for your customer.

2020 335

2020 Hiring Cash Management Education 335

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.

Franchise 368

Franchise Franchising Audits Point of Sale 368

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. " – John Oakes, Revenue Management Solutions CEO. Slow movers tie up inventory -and the cash needed to by that inventory. For part one, click here.

2023 197

2023 Loyalty Program Mobile Ordering Customer Experience 197

Kounta

JANUARY 9, 2020

Trend 1: Cash me if you can — cashless society will reach greater heights. Carrying cash is getting increasingly unpopular and there are many contributing factors behind this trend — including personal safety, inability to track your transactions, or simply conditioning of the time. But what’s in store for the industry in 2020?

Hospitality 98

Hospitality Cash Management Influencer POS 98

Modern Restaurant Management

JULY 25, 2023

As a restaurant owner, managing your finances effectively is crucial for the success and growth of your business. These incentives can help reduce your tax liability, increase cash flow, and promote business expansion.

Cash Management 88

Cash Management Government 2025 2023 88

Modern Restaurant Management

AUGUST 6, 2020

Improving from 20 percent margin to a 35-percent margin on a $12 dish, serving five0 covers per night translates into a $90 net increase in profits, allowing for increased cash flow to sustain operations. Lastly, food cost should always be a consideration when making menu changes. Optimize Inventory. Adopt Technology.

Front of House 212

Front of House Inventory Food Safety Social Media 212

Lavu

SEPTEMBER 29, 2023

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. Table Management: Lavu’s table management feature allows you to track table availability, manage reservations, and optimize seating arrangements.

Loyalty Program 166

Loyalty Program Front of House Mobile Ordering Customer Service 166

The Restaurant Times

SEPTEMBER 5, 2020

Restaurants today are struggling to win customers’ trust and to make their business sustainable. The Covid-19 pandemic has clearly indicated that crisis management requires drastic changes in how the restaurant industry operates. Being proactive is probably one of the best crisis management techniques every restaurant must implement.

Management 90

Management Management Cash Management Employee Relations 90

7 Shifts

SEPTEMBER 9, 2019

As if serving delicious meals, creating incredible guest experiences, and gaining a sustainable share of the market wasn’t difficult enough, restaurateurs in both the state and the city of New York must also focus on another complex task: navigating the many New York restaurant labor laws. Tip Credit. New York City (11 or More Employees). $10.

Restaurant Law 283

Restaurant Law Cash Management Article Uniforms 283

Perfect Daily Grind

AUGUST 7, 2022

Many of these co-ops are well-managed and add value to coffee in a number of ways, including through quality control, packaging, and even domestic sales in some cases. Mr. Gathura is a retired wet mill manager from Kenya. He explains why well-managed co-operatives are essential to the success of the country’s coffee industry.

Operations 175

Operations Audits Agriculture Cash Management 175

Lavu

NOVEMBER 11, 2019

Not accepting cash eliminates the risk of thefts and reduces crime rates in general. The fifth time the Park Café & Coffee Bar in Baltimore, Maryland, was held up at gunpoint, the owner decided to remove the cause: cash. In an interview with Fast Company, Neman expressed confidence in a future that’s cash-free. “We

Cash Management 85

Cash Management Point of Sale Fast Casual Café 85

The Rail

MAY 1, 2023

Managing Cash Flow As a successful business owner, you must create a profitable environment for the business. However, expenses may need to be reviewed and updated from time to time to ensure sustainable cash flow. Leveraging Technology A ghost restaurant is based on the principle of digital ordering.

Cash Management 59

Cash Management Mobile Ordering Online Ordering Customer Service 59

Modern Restaurant Management

DECEMBER 21, 2020

The new wave of restaurateurs will learn from the recent crisis and will focus on sustainability of operations by leaning hard into delivery, take-home, curbside pick-up, contactless payment, and other enabling technology. Independent restaurants and chains alike will finally make the management of local marketing channels a priority.

2021 191

2021 Email Marketing Online Ordering Advertising 191

Restaurant Engine

JANUARY 26, 2022

This is ultimately the sustainability of your restaurant. This will help you manage your inventory, have the right stock on hand, and ensure no one is stealing your food. By controlling food waste with accurate inventory management, you’ll improve your food service bottom line. What is your bottom line ? 6: Pay on Time.

Cash Management 59

Cash Management Food Website Management Inventory 59

Perfect Daily Grind

SEPTEMBER 29, 2022

To learn more about these new farm management techniques, I spoke with two people involved in the BREEDCAFS project taking place in northwest Vietnam. Laurent Bossolasco is the Asia-Pacific Regional Manager for ECOM Sustainable Management Services (SMS). Read on for more of their insight.

Agriculture 146

Agriculture Cash Management Pricing Article 146

The Restaurant Times

OCTOBER 26, 2020

While there are various factors that contribute to a restaurant’s success, managing the restaurant finances in the right way is extremely vital. To understand how to manage their finances, restaurant operators first need to understand break-even. Also, you must ensure that there is a proper system of shift management.

Operations 52

Operations Cash Management Management Management 52

Modern Restaurant Management

NOVEMBER 10, 2021

Finally, during a lull in the fall in 2020, Pepe had time to pause and reflect on the last seven months, realizing what he had for restaurant management tools were not working. He decided to keep things small and sustainable, focusing not on the sales, success or profitability of his restaurant, but the quality of service for its guests.

Dine-in 180

Dine-in Cash Management 2013 Customer Service 180

Modern Restaurant Management

DECEMBER 16, 2021

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.

2022 180

2022 Food Supply Back of House Kitchen Safety 180

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

EATER

FEBRUARY 17, 2023

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.

Social Media 100

Social Media Influencer Food Kitchen Safety 100

Perfect Daily Grind

OCTOBER 1, 2022

Speakers will include Head of Beverages at Nestlé Professional, Patrick Stern, and Relationship Manager at Perfect Daily Grind, Nicholas Yamada. Coffee Planet partners with The Waste Lab to implement sustainable waste solutions. World AeroPress Championship announces Oatly as official 2022 Sustainability Sponsor. Take a look.

2022 135

2022 2023 Point of Sale Webinar 135

Modern Restaurant Management

APRIL 3, 2020

Business interruption insurance is an extremely important type of coverage in an insurance policy which is intended to cover for lost income sustained as a result of a covered peril in order to allow for the continuity of your business into the future.

Government 153

Government Insurance Cash Management Hotels 153

EATER

FEBRUARY 4, 2021

He never yelled or raised his voice, instead relying on sous chefs and managers to keep us in line. When I finally left the doughnut job in 2009, I left the industry entirely — not because I wanted another career, but because I couldn’t see a path to a sustainable, balanced life in food. Change finally seems possible.

Kitchen Safety 135

Kitchen Safety Social Media Cash Management Back of House 135

Hot Schedules

NOVEMBER 12, 2020

Top Five Supply Chain Management Tips. . As business levels continue to fluctuate since early Spring, it is important to keep stock levels to a minimum to preserve cash and minimize waste. To find out how to cut costs, not corners, to effectively manage your supply chain check out our procurement and inventory guide.

Supplies 78

Supplies Management Management Allergens 78

EATER

MAY 26, 2023

I get to work with the agriculture teams, which manage our vegetable and grain production, and the retail team, which leads the farm store and the online farm store. For example, every week our farm manager sends a list of what she’s going to be harvesting from the fields. The cooks and I take that and brainstorm dishes.

Agriculture 88

Agriculture Front of House Back of House Book 88

Modern Restaurant Management

FEBRUARY 4, 2022

This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. A short menu can slim down the food costs through streamlined inventory management, as well as reduced food waste. Pizza companies have long managed their delivery services independently.

2022 218

2022 Customer Service Online Ordering Website Management 218

Modern Restaurant Management

SEPTEMBER 23, 2020

That includes any previous liquidity steps taken and your management of any government assistance you received. But when demand plummets, restaurant operators must let their brands sustain them and offer new services to create demand (think delivery, pickup and other distribution options.) In that case, try to get ahead of the filing.

Customer Service 182

Customer Service Cash Management Small Business Communication 182

Xtra Chef

APRIL 22, 2020

Mattenga’s Pizzeria , a two-location concept located outside of San Antonio, Texas, knew that they needed to be laser-focused on two objectives during the COVID-19 outbreak: sustaining sales and “getting incredibly aggressive” about their food costs. Mattenga’s Pizzeria now uses xtraCHEF to aggressively track and manage their food costs.

Cash Management 80

Cash Management Back of House Inventory Seating 80

The Restaurant Times

NOVEMBER 6, 2020

Let’s take a closer look at how to track data with a restaurant management system and utilize this information to increase your revenue. How to Track Data with a Restaurant Management System to Increase Restaurant Profit. The viability of a restaurant business highly depends on its ability to sustain profits.

Management 64

Management Management Cash Management Point of Sale 64