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Understanding and keeping up with your businesses health is, frankly, necessary to your business success. It's important to know how various benchmarks work for your specific restaurant, cafe or brewery. Prime costs benchmark is 60% (quick serve) and 65% (restaurant). Now, you might be reading this and saying, "Now, remind me, what is prime cost again?
There’s only one reason. There’s only one reason why your restaurant will fail. However, first let me tell you all the reasons it won’t. It’s not your business partners. It’s not your staff. It’s not your market. It’s not your spouse. It’s not your competition. It’s not your price point. It’s not even who is currently president.
It’s no secret that you’re in the restaurant business for more than the love of food. You also do it to make money. That means you have to find ways to get new customers through the door. There’s not a magic potion, but there are some things that will work better than others to increase restaurant sales. What is the best restaurant advertising campaign you can run?
When a reputable restaurateur and steak house aficionado is wowed by a wine preservation system, that says a lot about the technology on display. So, when Dean Laplant of DC Steak House, Arizona , purchased Le Verre de Vin Twin Pod Bar , he made it the focal point of his intimate wine bar and seized the opportunity to delight his guests with an elevated wine by the glass service.
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.
The beautiful Mabon family celebrating the good life by the Caribbean Sea. [link]. The post Caribbean and family, cheers! appeared first on UXATA Private Chef Services Riviera Maya.
BY GUEST CONTRIBUTOR ABBIE GARCIA Building Better Understanding of Your Restaurant, Bar or Cafe Staff Millennials make up the largest segment of today’s labor force, with even higher representation in the food and beverage service industry, which means it’s becoming increasingly important to have a good idea of who we are and what we expect and desire in a workplace.
BY GUEST CONTRIBUTOR ABBIE GARCIA Building Better Understanding of Your Restaurant, Bar or Cafe Staff Millennials make up the largest segment of today’s labor force, with even higher representation in the food and beverage service industry, which means it’s becoming increasingly important to have a good idea of who we are and what we expect and desire in a workplace.
Here you are. Running a restaurant as a manager. How are things going? If you are like 87% of managers out there, you might feel you were a little unprepared for the role you currently are in. Watching other managers, you might have had a sense that it was easy. Maybe you thought you could do a better job than that one manager who everyone hated? Then you were thrown into management and you soon realized that management is anything but easy!
No one, not a single person, prepared you for how much work it takes to run a successful restaurant. Sure, friends and family were supportive when you started, and colleagues in the industry gave you advice, but it wasn’t until you were in the weeds that you fully understood the requirements of running (and advertising) your counter-service restaurant.
It’s a jungle out there in the fast food world. There are so many options! And more just keep coming because people are demanding convenient, accessible, and affordable food that fits into their crazy lifestyles. But, you’re not just competing with other fast food joints, you’ve also got to find a way to make yourself stand apart from other locations within your franchise.
American restaurants collectively spent $6.4 billion on advertising according to research from 2013. With so much being spent on advertising we have to wonder, “How much of that $6.4 billion is spent on advertising tactics that actually work?” Whether you’re investing money or time, your restaurant should focus on tactics that are proven and profitable for your category of business.
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.
Marketing and advertising a small business is an essential component of attracting new customers and retaining existing ones. However, with so many mediums and media available, it can be tough to discern which methods drive results and are the most bang for your buck. On one hand, traditional advertising is expensive. On the other, digital advertising can be tough to maintain and unpredictable.
No matter how you look at it, your customers are the bread and butter of your small business. You could be a master of your craft, but without a solid group of consumers—both new and return—your services will never gain the recognition they deserve. (more…) The post How Grocery Store Receipts Drive Customers to Your Business appeared first on IndoorMedia.
Though the odds seem stacked against small businesses, many do quite well for themselves. According to the Bureau of Labor Statistics, two-thirds of new businesses last at least two years , half make it to five years, and a third make it to a decade. Although there is no magic formula for success, one strategy can provide a boost that complements all your other efforts to reach 10 years and beyond: local business advertising.
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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