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Restaurant Accounting Concepts Every Manager Should Know About

Lavu

Every foodservice operator has three fixed expenses: Restaurant Labor—The cost of all employees on the payroll in management, FOH, and BOH. Occupancy Expenses—These are the costs of existing in a brick and mortar location ( or food truck ), including rent, property taxes, and insurance. Prime Cost. Chart of Accounts.

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Succession Strategies for Restaurant Owners: Safeguarding Your Legacy 

Modern Restaurant Management

Within weeks, his corporation declared bankruptcy, leaving 500 employees wondering if they would keep a job and putting $30 million dollars of sale volume at risk for the brand. One source of those funds could be a key person life insurance policy, separate from any proceeds going to the family, that is payable to the business.

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The restaurant industry needs to step up for women. We asked four leaders how to do it.

7 Shifts

Everyone wins when employees are comfortable bringing up issues before they get worse. “I Check with female employees about how you can help them reach their full potential. When the criteria for how employees rise in the ranks are clear, there is less room for favoritism or bias. Support women who aren't your employees.

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Ghost Kitchen Franchise and Pandemic Resources

Modern Restaurant Management

Health services such as physicians, counseling and mental health services, and health coaches are also closing at lower rates – all critical resources during this time. Meanwhile, grocery related businesses are on the decline as people spend less time at home. Sanitation and food safety have never been more important.

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