Mon.Mar 15, 2021

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Proven Strategies to Turn Restaurant Losses Into Profits

The Restaurant Times

A study says that sixty percent of restaurants do not survive past the first year, and 80 percent do not last in the restaurant business beyond five years. A dying restaurant business reflects poor decisions made in the early months. There may be different reasons that lead to the failure of a restaurant business. But identifying the weakest areas and formulating an effective action plan can save it from failure.

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Why Culinary Programs Fail

Culinary Cues

There has never been a more important time for culinary schools than right now. Sure, I know how much the restaurant/foodservice industry is suffering and how many operations are shutting their doors as a result of avoiding decades of challenges brought to a head by the pandemic, but believe me when I say that this will change.

Education 539
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Trending Sources

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Accelerating Your Franchise Plan

Modern Restaurant Management

Gaining traction as you work to franchise your concept can take a great deal of effort and strategic thinking. After more than a decade of investing in a variety of industries and branded businesses, I’ve learned what exactly businesses need to do before they start franchising and throughout the process to maximize success. These steps are tried and true, and have guided the franchisors I’ve worked with to the opening of 750 successful new franchise locations.

Franchise 204
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FIFO Vs LIFO Vs WAC: What Restaurant Inventory Costing Method is Best?

Sculpture Hospitality

Restaurant inventory management is critical if you are to run a successful, and profitable, business. The financial health of your restaurant, and how profitable it is, largely depends on the goods held in your inventory.

Inventory 143
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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Health Insurance Requirements for Small and Medium Businesses

Hot Schedules

Blog. Health Insurance Requirements for Small & Medium Businesses. How offering affordable health benefits to your employees can work wonders for recruiting and retention. H ealth insurance is one of the most important benefits an employer can offer, regardless of size. Employer sponsored healthcare can be a make-or-break factor for both recruiting and retention, offering current and prospective employees a sense of security and a contingency plan if they should ever get sick.

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NTN Buzztime Announces Approval of Merger with Brooklyn Immunotherapeutics by Stockholders at Special Meeting

Buzztime Business

CARLSBAD, Calif., March 15, 2021 /PRNewswire/ — NTN Buzztime, Inc. (NYSE American: NTN) today announced that its stockholders have approved the proposed merger between NTN and Brooklyn ImmunoTherapeutics LLC. The proposed merger remains subject to further customary closing conditions and regulatory approvals. NTN expects that the merger will close in the next two weeks.

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What You Need to Know About Health Inspections

FreshCheq

You just survived your rush hour. Business was booming. Your customers were happy and employees were having fun while they worked. You consider it a great success. Although you just had a successful shift, the place is a disaster. The bathrooms are a wreck, the make table is a mess, and both the walk-in refrigerator and freezer have been open more than closed to keep up with the demand, raising the core temperatures of both.

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NTN Buzztime Announces Approval of Merger with Brooklyn Immunotherapeutics by Stockholders at Special Meeting

Buzztime Business

CARLSBAD, Calif., March 15, 2021 /PRNewswire/ — NTN Buzztime, Inc. (NYSE American: NTN) today announced that its stockholders have approved the proposed merger between NTN and Brooklyn ImmunoTherapeutics LLC. The proposed merger remains subject to further customary closing conditions and regulatory approvals. NTN expects that the merger will close in the next two weeks.

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Restaurant Maintenance Checklist Sheet

Chef's Resources

Restaurant Maintenance Checklist Sheet Maintaining restaurant ovens, coolers, steamers, alto shaams, and other equipment is costly yet necessary to keep your business running. Having a restaurant maintenance checklist sheet helps keep track of how often a piece of equipment gets repaired, the cost of those repairs, specific part numbers of regularly replaced parts such as […].

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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NTN Buzztime Announces Approval of Merger with Brooklyn Immunotherapeutics by Stockholders at Special Meeting

Buzztime Business

CARLSBAD, Calif., March 15, 2021 /PRNewswire/ — NTN Buzztime, Inc. (NYSE American: NTN) today announced that its stockholders have approved the proposed merger between NTN and Brooklyn ImmunoTherapeutics LLC. The proposed merger remains subject to further customary closing conditions and regulatory approvals. NTN expects that the merger will close in the next two weeks.

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Why Trade Shows Need To Die

Foodable

On this episode of The Barron Report , host Paul Barron explores the future of trade shows based on the latest data on consumer behavior and visitor expectations. Three Key Points: The National Restaurant Association show has been canceled for the second year in a row due to Illinois’s 50-person limit on gatherings. As the aftereffects of the pandemic continue, expect virtual gatherings to become the norm—people are growing used to staying home.

Events 52
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NTN Buzztime Announces Approval of Merger with Brooklyn Immunotherapeutics by Stockholders at Special Meeting

Buzztime Business

CARLSBAD, Calif., March 15, 2021 /PRNewswire/ — NTN Buzztime, Inc. (NYSE American: NTN) today announced that its stockholders have approved the proposed merger between NTN and Brooklyn ImmunoTherapeutics LLC. The proposed merger remains subject to further customary closing conditions and regulatory approvals. NTN expects that the merger will close in the next two weeks.

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Reset Your Marketing Strategy in 5 Minutes

Indoor Media

Everyone makes New Year’s Resolutions — so why wouldn’t your business? The New Year is a great opportunity to review the goals you set last year and evaluate whether they are still your main priority. Maybe your business met and surpassed heights you never imagined in years prior, or maybe you’ve found some new ideas to work on. Either way, as you review what did or didn’t work, it’ll be important to consider how your marketing strategy helped manifest your plans.

Marketing 148
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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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A Difficult Year for Massachusetts Restaurants

EATER

Boston Globe via Getty Images. [link].

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Dingle Single Malt Batch No. 5

Sante

Although Dingle Distillery is one of Ireland’s newest craft spirits producers, they’ve wasted no time releasing exceptional whiskeys like this Continue Reading.

Waste 144
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Is Indoor Dining Safe Now That I’m Vaccinated?

EATER

ImageFlow / Shutterstock. Vaccination against COVID-19 greatly reduces your risk of contracting the virus, but you can still pose a risk to others On March 8, the Center for Disease Control published its first recommendations outlining low risk activities for fully vaccinated people, offering a hopeful vision of the not-so-distant future. The CDC says that fully vaccinated people from separate households can gather indoors without masks or social distancing, and can even do so with unvaccinated

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At a Loss

EATER

Bloomberg via Getty Images. One year into the COVID-19 pandemic, a look back on its impact on the restaurant industry and its workers The past few days have been marked by a collective tallying: of firsts and lasts, of what was but now isn’t, of what is not but could have been. This was the day 12 months ago that I last saw any of my friends outside the confines of a screen.

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The Complete People Management Toolkit

From welcoming new team members to tough termination decisions, each employment lifecycle phase requires a balance of knowledge, empathy & legal diligence.

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The Responsibility of Saving Restaurants Should Never Have Been Ours

EATER

By refusing to act, the government effectively told diners that workers’ livelihoods and lives were in their hands When it comes to pandemic behaviors, it’s easy to look at anyone doing a fun thing riskier than what you’re personally comfortable with and think they’re an a **e. I love restaurants, but I haven’t eaten in one since March 9, 2020, a week before Los Angeles issued shelter-in-place mandates.