Mon.Mar 06, 2023

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The Ultimate Guide To Restaurant Profit Margin

The Restaurant Times

Making enough money to keep your restaurant running is one of the major challenges a restaurant faces. For this reason, the profit margin of your restaurant is one of the defining factors of its success. It is well known that the hospitality sector has lower profit margins than other market segments. In fact, according to reports , the net profit margins across the restaurant industry decreased from 16% in Q2 2021 to 9.59% in Q2 2022.

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Outdated Health and Safety Checks Are Holding QSRs Back

Modern Restaurant Management

As customers continue to feel more comfortable dining out, restaurants should have health and safety measures down pat. More than 90 percent of Americans say that it’s vital for a restaurant to be visibly clean while dining indoors, outdoors or when ordering takeout. Exceeding health and safety standards not only ensures the well-being of customers, but it also cultivates a positive experience that fosters loyalty.

Audits 469
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What is a flat red coffee & where did it come from?

Perfect Daily Grind

In many coffee shops around the world, more and more baristas are developing new and innovative drinks. These beverages can help a coffee business to stand out, as well as creating new sensory experiences for consumers. One example is the flat red, an espresso-based drink which includes steamed pomegranate and orange juice. The beverage originated in Ukraine, where it continues to remain popular.

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11 Must-Read Restaurant Management Books

The Eat Restaurant

There is always room to learn, and reading restaurant management books can be the finest method to achieve so, whether this past year was your restaurant's first or its thirty-first. Restaurant books can assist you in setting goals, such as choosing what initiatives you want to start, continue, or stop working on. They are packed with insightful information and insights.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Pizza Ranch: Achieving Ops Excellence through Employee Engagement

Crunchtime

Not many multi-unit businesses in the restaurant industry can sustain 40+ years of sales growth while remaining family-owned and operated.

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Restaurant Branding:

The Restaurant Group

5 Things to Consider When Opening a Restaurant When you see golden arches from a mile away, you immediately know that a McDonald’s lies ahead. That’s what successful restaurant branding looks like. It’s instant brand recognition even from a simple glimpse of the logo. But McDonald’s success didn’t come in an instant. It was borne out of consistency, innovation, and great branding.

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Michelin Announces 2023 Stars for France

EATER

The Guy Savoy restaurant in Paris has been downgraded to two Michelin stars. | Maurice Rougemont/Getty Images Two of the guide’s most esteemed restaurants have been downgraded The latest version of the Michelin Guide, released today , has dealt new blows to the most renowned ranks of French restaurants. For the first time since it received its three stars in 2002 , Guy Savoy’s eponymous Paris restaurant has been downgraded to two stars, as has the restaurant Christopher Coutanceau in the seaside

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Rabbit bounces back on restaurant menus

Restaurant Business

State of the Plate: RB Menu Trends Columnist Nancy Kruse says this is the Year of the Rabbit on some restaurant menus. But despite the protein's advantages, it will likely remain a niche item.

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The Food We Eat Is Destroying the Climate — Here’s How to Fix It

EATER

The Washington Post via Getty Im [link]

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Andy Wiederhorn is stepping aside as Fat Brands CEO

Restaurant Business

Citing a federal investigation tied to him last year, the founder of the owner of Fatburger, Twin Peaks and Johnny Rockets is stepping aside to serve as a strategic advisor.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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169. Restaurant Technology Guys Podcast Ep. 169 – Bright Loom, a Customer Centric CDP (Customer Data Platform)

Restaurant Technology Guys

Join Jeremy and Kellie the CEO of Brightloom where they talk Customer Data Platforms and why they are critical for restaurants. Kellie spends her days speaking with restaurant leaders on how to build and scale loyalty programs. In addition to sharing the latest from Brightloom, she can explore: To check out the free data health report, click here. Free Data Health Report (brightloom.com) To Read the Full Transcript Click Here The post 169.

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For First Watch, a year has 5 seasons—and that adds up to a killer LTO strategy

Restaurant Business

VP of culinary Shane Schaibly reworked the restaurant chain’s R&D process and menu launch schedule, building sales and guest anticipation.

Menu 264
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ProWein 2023 – Trend Text No. 5 / March 2023

Sante

#kabilove: Reframing Riesling Kabinetts and Co.

2023 130
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Dot Foods names Dick Tracy CEO

Restaurant Business

Tracy is the youngest child of the redistributor's founders. He was succeeded as president by George Eversman.

Food 264
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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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Toblerone is no longer Swiss enough to feature the Matterhorn on its packaging

The Salt

Toblerone is moving some of its production to Slovakia, meaning it can no longer legally call itself "Swiss-made." That branding change will include swapping the iconic peak for a more generic one.

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This tech company is using ChatGPT to respond to restaurant reviews

Restaurant Business

It's the first of SOCi's AI-powered "Genius" tools. The marketing provider just raised $120 million to help develop more.

Marketing 264
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4 Simple Methods of Blog Monetization

Lady Boss Blogger

There are many methods of blog monetization you can easily begin implementing on your site right now. Some require a little more work than simply writing, but the rewards are huge if you get it right. Any one of the points below will make money, but when combined, you can maximize your earning potential! 1. […] The post 4 Simple Methods of Blog Monetization appeared first on Lady Boss Blogger.

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Taste Tracker: Burger King spices up chicken fries and melts; Baskin-Robbins and Johnny Rockets take waffles beyond breakfast

Restaurant Business

Cracker Barrel gets fresh with strawberries; Panda Express sizzles with shrimp; Krystal pairs chicken and donuts (sort of); and more menu news of the week.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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How To Create Powerful Content That Speaks To Your Audience

Lady Boss Blogger

Are you looking for ways to captivate your audience? Content creation is a powerful tool that can captivate people, draw them into your story, and keep them engaged with what you’re saying. Research shows that creating valuable content has been linked with increased website traffic and improved customer relevancy. To create powerful content, you need […] The post How To Create Powerful Content That Speaks To Your Audience appeared first on Lady Boss Blogger.

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Baguettes and seat cushions star in Panera's new ad campaign

Restaurant Business

The ads highlight how "generosity is in the details," like comfy seats. The campaign also features refreshed packaging and a big focus on new toasted baguettes.

Seating 246
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Fourth wins Stevie Global Customer Service Team of the Year Award

Hot Schedules

The post Fourth wins Stevie Global Customer Service Team of the Year Award appeared first on Fourth.

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Bernie Sanders has a hot seat waiting for Starbucks' Howard Schultz

Restaurant Business

Working Lunch: Sanders may indeed be able to compel a Senate appearance by the outgoing chain CEO, but that's just one of the issues that Starbucks faced in the last week or so.

Seating 246
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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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Ice cream parlor in Germany offers cricket-flavored ice cream

The Salt

The store is taking advantage of new EU regulations to introduce the flavor. It's made with cricket flour, heavy cream, vanilla extract and honey — topped with whole crickets.

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Church's Texas Chicken names Natalia Franco global chief marketing officer

Restaurant Business

Franco comes to Church's after marketing roles at Focus Brands, IHOP, Burger King and more.

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What to Do if You’re Planning to Sell Beer on Your Premises

Chef's Resources

What to Do if You’re Planning to Sell Beer on Your Premises If you run a kitchen, at some point or another, you might decide that you want to branch out and sell beer. This will not only give you a new revenue stream but will also give your customers the opportunity to drink alcohol […] The post What to Do if You’re Planning to Sell Beer on Your Premises appeared first on Chefs Resources.

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How to Open a Bar: Your Complete Checklist

Restaurant Accounting

Opening a new bar can be a life-changing experience. You can meet new people, make money and have fun simultaneously. However, it’s also a lot of hard work and requires foresight and planning. Whatever the reason might be, you should know that it’s not going to happen overnight. A lot of hours will go into […] The post How to Open a Bar: Your Complete Checklist first appeared on The Restaurant CFO.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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The Founder of Mr. Beef, the Chicago Restaurant That Inspired ‘The Bear,’ Has Died

EATER

Ashok Selvam/Eater Chicago [link]

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How to Open a Bar: Your Complete Checklist

Restaurant Accounting

Opening a new bar can be a life-changing experience. You can meet new people, make money and have fun simultaneously. However, it’s also a lot of hard work and requires foresight and planning. Whatever the reason might be, you should know that it’s not going to happen overnight. A lot of hours will go into […] The post How to Open a Bar: Your Complete Checklist first appeared on Restaurant Accounting.

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Mr. Beef's Joe Zucchero dies at age 69

Restaurant Business

Zucchero founded Mr. Beef sandwich shop, a Chicago cult favorite and the inspiration for the hit TV show "The Bear.