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Restaurant Safety: How Restaurateurs Can Improve their Risk Profiles

Modern Restaurant Management

These issues have translated to the industry’s insurers as well – causing even more headaches for restaurant owners. The restaurant insurance market has seen rising costs to insure and as a result, carriers have come and gone from the market. We also recommend post-incident training to ensure incidents do not repeat.

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Avoiding the Four Biggest Traps of Restaurant Payroll

Modern Restaurant Management

The former are entitled to benefits such as minimum wage, overtime pay and workers’ compensation insurance. Independent contractors, meanwhile, may not get these benefits in exchange for having more freedom and control over their work, while holding responsibility for their own taxes and insurance.

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Serve Your Employees with Holistic Well-Being Benefits

Modern Restaurant Management

While itmayoften be overwhelming to figure out where to start, there are severaltenets of an impactful benefits program thatcanshow employees thatyou, their employer,supportthemas individualsboth at work and at home. Financial Wellness Support Offer financial wellness resources to help employees manage theirassetseffectively.

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Average Restaurant Profit Margins: What They Are And How to Improve Yours

ChowNow

A spike in food costs, a drop in sales volume, or one slow season can wipe out months of hard work. It factors in all your operating expenses, like labor, rent, insurance, equipment repairs, marketing, and more. came to $35,000, and your operating expenses (labor, rent, insurance, etc.) Thats what you actually take home.

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How To Cut Restaurant Operating Costs Without Compromising Quality

ChowNow

In this article, youll learn: How to break down your operating costs into fixed, variable, and semi-variable Smart ways to lower labor and food costs without sacrificing customer service Where hidden expenses are hiding in your tech stackand how to fix it Lets discover where your money is going, and how to take back control.

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

Modern Restaurant Management

While the pandemic forced consumers to leverage contactless payment, such as tap-to-pay, out of pure health and safety concerns, it’s quickly become the normal course of business for restaurants aiming to streamline operations and maximize convenience. The world changed, and so did restaurants. per hour difference.

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Restaurant Cost Control Strategies Every Operator Should Be Using

ChowNow

If your average food cost percentage is too high, it can wipe out profits even when sales are strong. Fixed costs like rent, property taxes, insurance, and utilities are all part of your occupancy costs. You might be paying for unused software subscriptions, over-ordering supplies, or missing out on better deals from vendors.