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Restaurants Under Attack from Cybercriminals: How to Protect Your Business

Modern Restaurant Management

That's why it's essential for restaurants to consider cyber liability insurance. First, they typically store significant customer and employee data, including names, addresses, and credit card information. This data is highly valuable on the black market and can be used for identity theft, fraud, and other criminal activities.

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Restaurant Cost Control Strategies Every Operator Should Be Using

ChowNow

These include: Food Costs Labor Costs Occupancy Costs Operating Costs Marketing and Promotions Expenses Every successful restaurant owner knows that tracking these isnt just a bookkeeping exercise; its how you spot opportunities to save money, collect data for better decision making, and run more efficiently.

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What Now? COVID-19 Survival Guide for Restaurants

Modern Restaurant Management

” RWCF is compiling an extensive list of resources and links related to the COVID-19 Crisis on its website, and, soon, we will collect data (qualitative and quantitative) from affected workers and restaurant owners so that we can work with local and national leaders to address the systemic issues the COVID19 pandemic has exposed. .

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Restaurant Cash Flow Management 101: Building Good Financial Habits

ChowNow

It doesn’t matter how fine-tuned your menu is or how much marketing buzz you have if you’re spending more money than you’re earning. For example, new businesses might face initial negative cash flow as they cope with large one-time costs like new equipment and employee training. Keep stock relatively low.

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Will Permanent Fee Caps Actually Rein in Delivery Apps?

EATER

A pending amendment to the legislation does include a major concession to the delivery apps: permission to charge restaurants higher fees for “marketing” and “additional services.” Now they have the ability to add marketing [to the bill], so it’s kind of a give.”. DoorDash saw revenues grow to $2.8

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28 Strategies to Cut Costs in the Restaurant Business

Lavu

By regularly monitoring and managing costs associated with having employees, restaurant owners and managers can make informed decisions about staffing levels, pricing, and overall operations to ensure the business runs efficiently and profitably. Examples of fixed costs for a restaurant include rent, insurance, and equipment lease payments.

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The Complete Checklist For Selling Your Restaurant In 2024: Pre-Sale, Sale & Post-Sale

7 Shifts

These include location, profitability, market trends, and more. Market Conditions The demand for certain types of restaurants, like quick-service or delivery-focused businesses, might be higher than fine dining establishments. Make sure your food service licenses, liquor licenses, and health permits are all valid as well.

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