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To learn more about the current state of restaurant investing, Modern Restaurant Management (MRM) magazine spoke with Uday Ahuja, Chief Investment Officer at RSE Ventures, who played a key role in investing and identifying/growing scalable consumer brands restaurant concepts including Momofuku, Milk Bar, Fuku, Bluestone Lane, and Magnolia Bakery. During the pandemic he helped advise Milk Bar CEO Christina Tosi’s shift from retail to ecomm—resulting in the launch of Milk Bar’s r
There is a science to running a successful business. That idea holds true in the hospitality and food service industries where crucial business decisions are made every day. At the heart of this science is data. Tracked from numerous sources, thoughtful analysis of this data can be the key to prioritizing needs, driving growth and so on. Below, we’ll briefly go over the importance of collecting data and restaurant analytics and how it be used to improve efficiency and, in due course, boost
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.
At Jônt, Ratino aims to make Japanese-style seafood using ingredients from outside the U.S. Running one Michelin-starred restaurant would be enough for most people, but in D.C., chef Ryan Ratino runs two such restaurants in the same building. “Jônt is a 16-seat tasting menu-only counter focusing on all the luxury ingredients of Japan cooked over a wood fire,” says Ratino.
No one knows better than hospitality pros that restaurants give cities and towns their local flavor. OpenTable wants diners to appreciate this, too. That’s why we tapped local experts in 17+ cities across North America to write up their authoritative and opinionated guides to the restaurants that infuse their hometowns with a vibrant sense of place.
No one knows better than hospitality pros that restaurants give cities and towns their local flavor. OpenTable wants diners to appreciate this, too. That’s why we tapped local experts in 17+ cities across North America to write up their authoritative and opinionated guides to the restaurants that infuse their hometowns with a vibrant sense of place.
As we venture deeper into 2023, the restaurant industry continues to grapple with impacts of inflation, shifting customer dynamics, and an uncertain economic outlook. While these challenges may appear inevitable, restaurants can offset the adverse effects of food inflation and uphold profit margins. The obvious question is how. Looking at the Numbers This year, U.S. food prices grew at a slower rate in February compared to January (9.5% versus 10.1%).
Engage your customers and watch them turn into brand ambassadors. In today’s article, we’re going to uncover how to engage your customers and then how to turn that into something powerful for your restaurant. First, though, let’s decipher the term, “customer engagement.” Customer engagement is simply the emotional connection your customers have with your restaurant.
The once temporary “We’re hiring!” window sign at restaurants has become a permanent fixture. The restaurant labor shortage is a challenge. In fact, the recent National Restaurant Association State of the Industry Report revealed that 87% of restaurants plan to do some hiring in the coming year. Finding and recruiting new team members may be an ongoing effort, but practice hasn’t made the process perfect.
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.
Shift-Based work is prevalent in many industries we regularly interact with on a daily basis such as healthcare, manufacturing, hospitality, and retail. Let’s explore some reasons why training is essential for shift-based workers! The post The Importance of Training for <b> Shift-Based Workers</b> appeared first on Bizimply.
The main task of every restaurant manager is to make sure the food is delicious, the ambiance is pleasant, and the customers are satisfied. Once you have set the quality standards, it is important to attract new customers.
To enhance customer engagement, give your customers a great experience when they dine with you. If you want your restaurant to grow and thrive, you need to engage your customers. This means building relationships with people both inside and outside of your restaurant. The digital arena is one of the places where you can really hone your relationship-building skills.
“We are ready to expand into France, Spain, Belgium and the Netherlands.” Zócalo just turned 20 years, and the franchise is booming like never before. What’s the secret to their success? I asked CEO Einar Örn Einarsson. When Einar and his co-founder opened their first restaurant, they had no hospitality experience. “I had never even worked in a restaurant.
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.
In this episode, we welcome Geoff Alexander, President and CEO of Wow Bao and a seasoned professional in the restaurant industry. Geoff Alexander is known as one of the key pioneers of technology and innovation in the food and beverage industry. From being one of the firsts to introduce online ordering to adopting Web3 and NFTs, Geoff has led the adoption of some of the most challenging innovations of our times.
“We are ready to expand into France, Spain, Belgium and the Netherlands.” Zócalo just turned 20 years, and the franchise is booming like never before. What’s the secret to their success? I asked CEO Einar Örn Einarsson. When Einar and his co-founder opened their first restaurant, they had no hospitality experience. “I had never even worked in a restaurant.
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.
As a manager, you play a crucial role in creating a productive and healthy work environment. Workplace stress can impact employee performance and morale. By taking proactive measures to manage stress, you can help your team thrive. Here are five tips to reduce office stress and improve productivity: 1. Encourage Breaks Taking regular breaks throughout […] The post 5 Tips for Managers to Reduce Office Stress and Improve Productivity appeared first on Lady Boss Blogger.
The 2022 Restaurant Business Restaurant Leader of the Year is leaving the company to focus on family medical matters. Arby's Brand President Jim Taylor is taking her place, while Rita Patel will head Arby's.
Shutterstock French fries and stews, pies, puddings, and cakes: Is there anything this fruit can’t do? If you have ever found yourself wishing that baguettes grew on trees — and who among us hasn’t? — we offer up a consolation prize: Should you spot what looks like a bumpy, melon-sized dinosaur egg on the shelf of your local market, consider taking it home with you.
The former CEO of Domino's Pizza, lured out of retirement by Restaurant Brands International last year, was paid $117 million in stock and option awards.
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.
Shutterstock Because you deserve better than mini hockey pucks This post originally appeared in the November 10, 2023 edition of The Move , a place for Eater’s editors and writers to reveal their recommendations and pro dining tips — sometimes thoughtful, sometimes weird, but always someone’s go-to move. Subscribe now. The crispy fried egg is the backbone of my at-home lunches.
A Deeper Dive: Mike Halen, senior restaurant and foodservice analyst with Bloomberg Intelligence, joins the podcast to talk about McDonald’s, Burger King and Patrick Doyle.
In 2022, the coffee industry’s largest producer-focused event – Producer & Roaster Forum (PRF) – took place in Medellín, Colombia. The two-day forum attracted thousands of local and international coffee professionals, and also generated an estimated US $10 million in sales. Earlier this year, PRF El Salvador took place at the Salamanca Exhibition Centre in San Salvador.
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.
The highly anticipated 10th anniversary Dubai Food Festival is rapidly approaching (DFF). There will be a ton of events in the city for foodies next month since it runs from April 21 to May 7, 2023. With a massive schedule of events and activities, DFF 2023 will highlight the breadth, diversity, and originality of Dubai's culinary scene while also honoring homegrown concepts, Emirati food, and other cuisines from across the world.
Destination Unknown Restaurants is a group based in Washington, D.C. and currently has three concepts. Destino, a modern Mexican restaurant, Taqueria Las Gemelas, and Ghostburger , a ghost kitchen who counts President Biden and Vice President Harris as recent guests. Destination's founder, Kelly Phillips, joined us on the Pre-Shift Podcast to share their employee-first approach, how they're able to pay a salary to many of their employees, and hopes for the future of restaurants.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
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