Sat.Oct 22, 2022 - Fri.Oct 28, 2022

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As Inflation Rises, Restaurants Look to Gift Cards to Attract Newly Cost-Conscious Consumers 

Modern Restaurant Management

Recent economic data forecasts a stormy season ahead for restaurant owners. Inflation in the U.S. is holding around eight percent, which is causing the cost of eating out to rise alongside price increases for everyday items such as gas and groceries. As business owners know well, when inflation rises consumers often cut discretionary spending. For restaurants, this presents a challenge: How can you keep attracting customers to your restaurant when consumer purse strings tighten?

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10 Cash Flow Management Best Practices for Restaurants

Lavu

No matter what the size of your business, one truth remains: cash flow is king. It’s the lifeblood of your business. Yet, while most small … 10 Cash Flow Management Best Practices for Restaurants Read More ». The post 10 Cash Flow Management Best Practices for Restaurants appeared first on iPad Point of Sale System for Restaurants, Bars & More.

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CHEFS – ARE YOU READY FOR WINTER

Culinary Cues

More than anything else, when I was in restaurant kitchens I looked forward to planning and testing the next set of menu changes. A stale menu is not cost effective, ignorant of quality issues with ingredients, uninspiring for employees, and just plain boring. It is a menu change that tests a chef’s ability to understand the seasonality of harvest, the connection that menu items have with the concept of the restaurant, executive cost-effective items, push the kitchen crew to enhance their skills

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Are acquisitions becoming more common in the coffee industry?

Perfect Daily Grind

Acquisitions are commonplace in all kinds of industries around the world, and the coffee sector is no exception. In recent years, we’ve seen a growing trend of multinational coffee brands acquiring specialty coffee shop chains and roasters. Many are wondering if this market consolidation is the beginning of a wider change for the industry, and if specialty coffee may soon become dominated by a few holding companies, rather than being spread between a much broader range of brands.

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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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The History of Tipping in Restaurants: The Complicated Past, Present, and Future

7 Shifts

When you dine out at a restaurant, you tip your server. It's the expectation and an essential part of how restaurant workers earn a living. A guest's tip subsidizes wages for most of America's restaurant workers. It's a reality that only exists in North America—the United States and Canada. In most other parts of the world, tips are not expected—and in some cases, it's considered rude to tip.

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How Restaurants Can Protect Their Business and Customers from QR Code Fraud

Modern Restaurant Management

As our world becomes increasingly digitized- with the rise of food delivery services, QR Code Menus and online orders- it's more important than ever for restaurant owners and employees to become familiar with the latest threats to their business. QR scams have become particularly prevalent after the onset of the pandemic. While there’s no method that is 100% effective at preventing and eliminating new threats to businesses and their patrons, becoming familiarized with the way scammers

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How To Ensure Restaurant Profitability When Inflation Is High [Use These 5 Tactics To Dampen Price Increases] 

Apicbase

If CoGs and overheads rise due to inflation, your menu prices should follow. It’s as simple as that. Otherwise, your margins shrink, and your working capital disappears. Or worse, you’ll make a loss. But before adding a flat 5% to each menu item, use these tactics. They will help you reduce your costs structurally. That way, you can keep price increases minimal.

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What to Look for in Inventory Management Software for Restaurants

Sculpture Hospitality

So, you have decided to improve your restaurant inventory management strategy. That’s great! Inventory management can help provide better insights, reduce waste, save time and improve your bottom line.

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Why We Can’t Get Enough of Celebrities Behaving Badly at Restaurants

EATER

Photo by Neil Mockford/GC Images. They are not, in fact, just like us! Over the last week or so, there’s been an onslaught of intensely juicy stories centered around celebrities behaving badly at restaurants. In case you’ve been living under a rock, New York City restaurateur Keith McNally went viral after banning — and then unbanning — The Late Late Show host James Corden from his restaurant Balthazar for allegedly acting like an a **e.

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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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Connectivity Puts the ‘Connect’ in Customer ‘Connections’

Modern Restaurant Management

The last couple of years have proven that digital experiences will continue to play a central role for quick-service restaurant (QSR) operators. Luckily, QSRs have no shortage of technologies at their disposal to help them achieve the sort of customer personalization that drives profits. But whether it’s mobile apps, kiosks, tablet-wielding employees, or AI and ML tools, they all rely on QSRs having a sound network infrastructure in place.

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The Adventures of Tippy the Tip Jar

7 Shifts

The little scamp that’s full of change! Follow the comic adventures of Tippy the sentient tip jar as they get into mischief and misadventures all to do with tipping. Scripted by Daniel Dalman. Illustrated by Kate Miller ( @kateandtheworld ). Tippy finds out there's no such thing as a free rescue. Tippy tries on a new shirt. Tippy has a stint as a thespian.

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Coffee News Recap, 28 Oct: Flat whites could hit £4 in the UK, former Luckin Coffee CEO launches new Cotti Coffee chain in China & other stories

Perfect Daily Grind

Every Friday, Perfect Daily Grind rounds up the top coffee industry news from the previous week. Here are this week’s stories. Mon, 24 Oct. Blue Bottle Coffee launches new Craft Instant Espresso. The new soluble coffee product is made with the same beans used in the specialty coffee chain’s house espresso blend. Blue Bottle’s Craft Instant Espresso will be available in jars and single-serve sachets from 7 November 2022 in the US.

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WHY A 27-UNIT SPORTS BAR MOVED TO AUTOMATE FOOD LABELING

Transact

Originally posted on qsrmagazine.com. Taco Mac, a 27-unit sports bar based in Atlanta, has designs to grow within Georgia, and into other states. Jason Everett, vice president of operations, reports that Taco Mac is on track to open five restaurants per year for the foreseeable future. That would double the brand’s footprint within the next five years.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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Four Ways to Build More Effective Restaurant Leadership

Modern Restaurant Management

The modern restaurant and foodservice industry are facing the most challenging restaurant landscape in decades. After surviving the worst of the COVID-19 pandemic, restaurant operators are now facing record high food costs, ongoing labor shortages, inconsistencies in the supply chain, and quickly changing guest preferences. Additionally, many restaurateurs added or improved their off prem capabilities to stay afloat during the pandemic, but they are now seeing other gaps in their tech stack that

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Food Trends to Follow on TikTok

Restaurant Engine

TikTok is a great place for people who like to make food videos. As a restaurant owner or manager, you know how important social media is to your overall marketing strategy. With the ever-growing presence of TikTok, this is one platform you want to start paying attention to if you aren’t already. In this article, we look at food trends to follow on TikTok.

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How can coffee roasters design an appealing and efficient roasting space?

Perfect Daily Grind

For many roasters, designing a roasting space is one of the first steps to consider when getting started. There are a number of factors to account for when designing a roastery – including storage space for green and roasted coffee, the size of the roaster, ventilation systems, and so on. By taking these factors into account, roasters can design an efficient workspace that will improve their workflow and help them to remain profitable.

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What is a restaurant CRM and why it matters for your business

Open for Business

Restaurants are only as successful as their relationships with guests. That’s why more restaurant owners are turning to restaurant CRM (customer relationship management) software to deliver better dining experiences. If you’re considering adding restaurant CRM software to your toolkit, you’re in very good company. Many of the biggest names in hospitality now depend on it to delight guests and keep them coming back.

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Top 5 Ways to Optimize Your Loyalty Strategy

Speaker: Lauren Barash, Vice President, Brand Marketing

In an ever-evolving industry, building and retaining loyal customers is critical to the success of any restaurant business. Join Lauren Barash, VP of Brand Marketing at Full Course, as she delves into the world of restaurant loyalty programs, and reveals the top five essential strategies to optimize your approach! This webinar will explore: Loyalty trends and what you should be focusing on 📊 Actionable insights and ideas to help you develop the most powerful and effective loyalty program

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Mitigating the Impact of Rising Interchange Fees

Modern Restaurant Management

While using credit cards is a convenience for consumers, this form of payment represents a major cost center for restaurants. In fact, credit card processing fees rank as the third highest cost of doing business behind the cost of food and labor. As restaurants work to recover from the impact of the pandemic, interchange fees or “swipe” fees continue to curb their ability to grow and thrive.

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What Is a Corkage Fee? | A Guide for Restaurant Owners

Sling

If your restaurant offers bring-your-own-beer (BYOB) or bring-your-own-wine (BYOW) service, you may want to charge a corkage fee. What does that entail? Why would you do it in the first place, and what would you charge? In this article, we’ll answer those questions to help you decide whether a corkage fee is right for your business. Table of contents.

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Exploring coffee production in Sierra Leone

Perfect Daily Grind

Sierra Leone, a West African country which borders the Atlantic Ocean, Liberia , and Guinea, is mostly known for its cocoa production, rather than growing coffee. Between the 1960s and 1980s, Sierra Leone produced around 20,000 tonnes of coffee per year. However, following a civil war in 1991, most coffee farms were abandoned, and subsequently, production volumes sharply declined.

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Speed Up Service with Frictionless Payments at Your Restaurant

Lavu

When customers come to your restaurant, you want to provide speedy, seamless service that creates a smooth experience for both your guests and your staff. You can do that by offering frictionless payments. A survey by PYMNTS found, “97% of top performing restaurants offer digital wallet payment capabilities, while only 53% of bottom performers do the same.

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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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Everyone Is Feeling the Impact of Inflation

Modern Restaurant Management

Restaurants and customers are feeling the effects of inflation, according to the third quarter 2022 data for the Yelp Economic Average (YEA) report, The report reveals that inflation experiences have intensified for consumers in every state in the U.S. year over year, with reviews mentioning inflation up by 22 percent compared to Q3 2021. Yelp found that food businesses are seeing one of the largest increases of inflationary experiences compared to Q3 2021, followed by restaurants.

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Restaurant Sales Hold Strong in September 2022 Despite Persistent Decline in Guest Counts

Black Box Intelligence

All growth numbers are year over year unless specified. Best and worst performing region, segment and cuisine is based on same-store sales growth. Sales growth held strong for the restaurant industry this September – continuing a two-month streak of positive gains after unseasonably low sales growth results in June and July. September same-store sales growth was +5.2%, just a minor dip from the +5.3% reported in August.

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A guide to the Ruiru 11 coffee variety

Perfect Daily Grind

According to the International Coffee Organisation, Kenya produced 775,000 60kg bags of coffee in 2020 – making it Africa’s fifth-largest coffee growing country that year. However, production volumes have been steadily declining in recent years for a number of reasons. Many popular coffee varieties in Kenya include SL-28 and SL-34, which were first introduced to the country’s farmers more than 90 years ago.

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Vancouver’s First Michelin Guide Is Here

EATER

Côte de porc at St. Lawrence in Vancouver, which just earned one star in the new Vancouver Michelin Guide. | St. Lawrence/Official. And it’s. short Vancouver’s old(er) guard of fine dining restaurants were left by the roadside last night at a Michelin Guide ceremony where only eight one-star awards and 23 Bib Gourmands (the guide’s ‘great food at a great price’ category) were handed out.

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2024 Restaurant Spending Trends to Stay Ahead of the Curve

How do you stay on top of what your customers are expecting when they step through your doors? Do you know what’s on their mind? How are you going to account for what they’re planning on doing months from now? As we head into 2024, price-related issues are still top-of-mind for restaurant customers after the inflation boom earlier this year. In this new report, we give you the latest insights on consumer spending trends, attitudes on tipping, and how you can respond.