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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. This data is highly valuable on the black market and can be used for identity theft, fraud, and other criminal activities. With cyber liability insurance, the costs of hiring attorneys and other legal expenses can be covered.

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For Restaurant Owners, Cybersecurity is a People Problem 

Modern Restaurant Management

We’re not alone — market research company Frost & Sullivan projects that online/mobile ordering will be a $200 billion dollar industry by 2025. Following suspicious email links and attachments, for example, falls precisely into that definition. Without it, just one breach could spell the end.

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Pandemic Reflections: What Lessons Has the Restaurant Industry Learned?, Part Two

Modern Restaurant Management

With a growing number of technology providers entering the market in recent years, restaurant operators have also become more discerning as they manage already tight budgets. While many companies still don’t offer health insurance, I have a number of clients offering health care through online medical services, such as.

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How To Cut Restaurant Operating Costs Without Compromising Quality

ChowNow

Examples include: Rent or mortgage payments Insurance premiums Loan payments Salaried employees (like general manager or executive chef) Because theyre consistent, fixed costs are easier to budget for, but that also means theyre harder to reduce without significant structural changes.

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Owning a Bar: Everything You Need to Know

7 Shifts

You'll have late nights and have to work on weekends and public holidays The market is saturated with loads of competition. This document will outline your bar's concept, menu, marketing strategy, and financial projections. Sourcing the Right Equipment Your budget, target market, and concept will dictate your equipment needs.

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Tips on Hiring and Retaining Young Employees

Goliath Consulting

Labor markets are still recovering from recent events. Necessities are getting more expensive, the housing and renting markets are at crazy numbers, and more are struggling to keep up with their finances with just one job. The post Tips on Hiring and Retaining Young Employees appeared first on. How to Attract and Retain.

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A Comprehensive Guide To Restaurant Profit Margins For All Restaurant Types

7 Shifts

Fixed costs Fixed costs are expenses that remain constant, including rent, insurance, and utilities. If transferring isn’t an option, you can try to reduce other fixed costs like insurance premiums. As for marketing, focus on cost-effective strategies such as social media and email marketing.