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How a Creative Cocktail Program with a Beer and Wine License Can Help Your New Restaurant Succeed

Modern Restaurant Management

These licenses allow restaurants to serve beer, wine, and wine-based liquors, offering opportunities for innovation without the financial burden of full-service licenses. Innovation Through Wine-Based Cocktails Although not having a full liquor license may seem restrictive, it actually creates opportunities for innovation.

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2025 Restaurant Outlook: A Recipe for Success with Risk Management

Modern Restaurant Management

Outsourcing high-risk services, such as delivery, can alleviate exposure to rising auto insurance costs, which are projected to climb in 2025. To remain resilient, businesses must prioritize enterprise risk management (ERM) strategies that integrate risk management, HR and insurance planning.

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Why the Stop Loss Decision is Critical for Larger Self-Funded Employers

Modern Restaurant Management

There are stories nearly every day in the media about innovations in healthcare, breakthrough treatments, and in some cases cures for various illnesses. On a basic level, stop loss insurance provides protection against catastrophic or unpredictable losses. Stop Loss Coverage Is Risk Management. a lower deductible).

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2024 Outlook: Restaurant Trends and Challenges, Part One

Modern Restaurant Management

People will increasingly choose innovative products not only because they align with their values, but because they taste and perform better or otherwise meet personal preferences or needs. The journey into 2024 signifies a continued commitment to technological innovation and its seamless integration into the fabric of the dining experience.

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Lessons from the Pandemic and the Road Forward for Hospitality

Modern Restaurant Management

As a compromise, tenants are agreeing to pay at least the maintenance, taxes and insurance with rent being prorated based upon the level of occupancy permitted by the government restriction. However, there should now be a greater emphasis on better financial planning and enhanced insurance benefits to cover unexpected business interruption.

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Leveraging IoT Solutions to Protect Profit Margins

Modern Restaurant Management

Restaurateurs, however, have options to mitigate these challenges with technological innovation. Each year, insurers pay out $2.5 This puts even more pressure on restaurateurs to carefully calibrate costs and protect profit margins. Low-power IoT solutions are affordable, secure, and reliable. billion for water damage claims.

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Reskilling, Retention and Robotics: Creative Solutions to the Restaurant Labor Shortage

Modern Restaurant Management

To revitalize the workforce and enhance operational efficiency, it is imperative that we boldly explore innovative solutions across reskilling, retention, and robotics. Retention Revolution To retain staff, restaurants go beyond salary by offering benefits such as health insurance, retirement plans, and performance bonuses.