7 Shifts

NOVEMBER 22, 2021

It also requires money to open a restaurant and build it out, buy equipment and finance the operation until it reaches break-even. In this article, you'll learn how to get a business loan for your restaurant so you can make your dream of starting or growing your restaurant a reality. Create a Restaurant Business Plan.

Document 393

Document Cash Management Small Business Take-out 393

Modern Restaurant Management

JULY 28, 2020

Businesses that benefited from PPP loans were required to meet the “necessity certification” requirement and consider alternative sources of liquidity, while also taking into account “affiliated” businesses, prior to submitting a loan application. Many of them received it in the form of PPP loans.

Insurance 130

Insurance Certification Audits Small Business 130

Modern Restaurant Management

SEPTEMBER 29, 2023

” Society Insurance has been working alongside business owners for more than a century, seeing first-hand the devastating effects a fire can have on the establishments that make communities great. When it comes to your expensive equipment, don’t take shortcuts. “FIRE!”

Bar 182

Bar Kitchen Safety Equipment Insurance 182

Culinary Cues

FEBRUARY 28, 2021

Mediocre sucks the lifeblood out of an individual or an organization – it is the dark side of the moon, the harbinger of discomfort and pain, and the salt in the wound that saps your energy and leaves you hardened and embarrassed. The culture of these businesses insists on the relentless pursuit of greatness.

Uniforms 449

Uniforms Fine Dining Small Business Customer Service 449

7 Shifts

MAY 18, 2023

Every department and all the operations around those departments need to work together seamlessly to ensure the smooth running of the business. Take this story from Leo Smigel, the founder of Analyzing Alpha who's been involved with several restaurant ventures: "My buddy really got himself into a pickle. Payroll is a web of its own.

Restaurant Law 195

Restaurant Law Insurance Audits Cash Management 195

7 Shifts

MAY 1, 2024

Bookkeeping is one of the most essential aspects of any restaurant business. After all, a small, honest mistake can accumulate over time and turn into bigger operational problems— 17% of restaurants even fail in their first year due to mismanagement of finances. If that isn’t possible, then go for alternatives.

Cash Management 221

Cash Management Inventory Employee Relations Beverage 221

Modern Restaurant Management

OCTOBER 3, 2022

An internal study with Society Insurance policyholders who experienced fires found that the majority of fires were due to cooking equipment, costing in excess of $5.4 When it comes to your expensive equipment, don’t take shortcuts. billion in direct property damage (55 percent). The Best Offense Is a Defensive Kitchen.

Kitchen Safety 208

Kitchen Safety Equipment Insurance Restaurant Law 208

The Food Corridor

SEPTEMBER 14, 2020

From a customer getting sick from a foodborne illness, or an unexpected fire or theft, to loss of income through a fridge or freezer failure, risk is part of the business. The way to mitigate the risk is to take out a robust insurance policy. They pool the customer premiums to cover any claims.

Insurance 52

Insurance Food Truck Food Catering 52

7 Shifts

MAY 2, 2023

Along with her partner, Félix Meana, Button took a microscope to the structure of her business and how her team got paid. But first, Katie shared with us her unique path through the restaurant business. "I So, when I dropped out of a PhD program I was supposed to start and that's when I started working in restaurants.

Front of House 195

Front of House Back of House Insurance Seasonal Menu 195

Modern Restaurant Management

NOVEMBER 16, 2021

This issue impacts employers in all business sectors; however, for employers in the restaurant business, making sure your risk is placed appropriately becomes even more complicated. On a basic level, stop loss insurance provides protection against catastrophic or unpredictable losses. Stop Loss Coverage Is Risk Management.

Insurance 190

Insurance Cash Management Healthcare Innovation 190

7 Shifts

MAY 26, 2021

President Biden recently prolonged the PPP loan deadline to May 31, 2021 , giving small businesses a few additional weeks to submit their applications. If your restaurant has yet to take a first-draw or second-draw loan from the PPP pot, you still have a chance. Time is running out, so let's get straight to it.

2021 195

2021 Cash Management Document Employee Relations 195

Modern Restaurant Management

SEPTEMBER 30, 2021

Society Insurance has been working alongside restaurant owners for more than a century, seeing first-hand the devastating effects a fire can have on the establishments that make communities great. When it comes to your expensive equipment, don’t take shortcuts. The Best Offense Is a Defensive Kitchen. Class K Gets the A.

Kitchen Safety 174

Kitchen Safety Insurance Equipment 2012 174

7 Shifts

APRIL 30, 2021

Food, alcohol, and cash are common victims of theft—but business owners have to look beyond physical goods. Employees may clock in early to help out or leave a few minutes early on a slow day. businesses are affected by time theft. Costs To a Business. How much can it cost my business? Types & How to Spot It.

Restaurant Law 370

Restaurant Law White Paper Cash Management Small Business 370

Sling

NOVEMBER 23, 2023

At first glance, learning how to start a landscaping business may seem like a daunting task. But, by dividing the process into distinct stages and taking it one step at a time, you may find that it’s a lot easier than you thought. This information can help make things easier in the later stages of starting a landscaping business.

Insurance 78

Insurance Equipment Customer Service Hiring 78

Modern Restaurant Management

JANUARY 28, 2024

However, data breaches can happen to restaurant chains and small eateries alike. Nearly half of cyber-attacks target small businesses and 60% of small companies go out of business after experiencing a significant attack. This year’s Data Privacy Week is Take Control of Your Data.

Loyalty Program 98

Loyalty Program Small Business Insurance Restaurant Law 98

7 Shifts

MAY 15, 2023

While most restaurateurs are experts in hospitality and customer service, payroll makes many savvy business owners scratch their heads. Understanding the ins and outs of paying employees, observing labor laws, and complying with the tax code is critical to running a business. Paying employees what they are owed on time.

2023 195

2023 Tip Distribution Audits Restaurant Law 195

Buzztime Business

JUNE 2, 2023

Swap out ladylike mimosas for one of these 26 beer cocktails. Ask the business to offer Father’s Day promotions like a $5 coupon. Hello, repeat business! Include house-made bacon brittle , offers from nearby businesses, and a branded item like a pint glass or even golf tees sporting your logo. Think again.

Bar 147

Bar Social Media Insurance Sports 147

7 Shifts

FEBRUARY 26, 2021

The easiest way to get your food out there is by partnering with a third-party delivery app. While easy, this way ends up costing more in the short term, does not contribute to long-term growth, and can end up hurting your business. Native or first-party delivery doesn't rely on a separate service to take and send out orders.

Online Ordering 341

Online Ordering Ordering Customer Service Food Order 341

Society Insurance

OCTOBER 19, 2022

One of the ways the insurance industry mitigates the negative effects of inflation is through what’s commonly referred to as inflation guard. Inflation Guard is the automatic annual increase in property values on an insurance policy to help keep up with rising costs of construction. What Is Inflation Guard? What Is Coinsurance?

2022 52

2022 Insurance Small Business Reference 52

Restaurant365

JANUARY 5, 2021

Mercifully, it contains some help for restaurant businesses hurt by the pandemic, with the inclusion of funding for a second round of forgivable loans through the Paycheck Protection Program (PPP) for small businesses experiencing significant revenue losses. PPP improvements relevant to restaurant businesses.

Insurance 148

Insurance Small Business Employee Relations 2021 148

Modern Restaurant Management

JULY 9, 2020

Restaurants in particular have been dealt a harsh blow, as many have been forced to shutter their dining areas and bars, and solely rely on take-out and delivery orders. For many, the next logical step in this situation has been to file a claim with their insurance company.

Insurance 136

Insurance Small Business Government Take-out 136

7 Shifts

APRIL 1, 2020

The coronavirus health crisis is affecting countless businesses and restaurants all over the world. These changes mean that many restaurant workers (and managers) find themselves low on hours, or out of a job altogether—which is taking a toll on the mental health of restaurant workers worldwide.

Social Media 366

Social Media Outdoor Download Take-out 366

Society Insurance

MARCH 8, 2023

If your school provides networking events, take advantage of as many events as possible. These events are usually a great way to collect business cards from a variety of business professionals in all types of industries. A helpful way to figure out what you are looking for in a company is by listing values or benefits offered.

Insurance 105

Insurance Certification Education Employee Relations 105

Modern Restaurant Management

JUNE 6, 2023

The worst part is, this type of illness is largely preventable Restaurant owners and operators need to take active steps to prevent foodborne illness from coming out of their kitchens. Your workers will take short cuts. Of those, 128,000 are hospitalized and 3,000 die. Wash your hands. coli and salmonella. Train your staff.

Food Safety 165

Food Safety Management Management Kitchen Safety 165

Hot Schedules

MARCH 29, 2021

Where Business Meets Technology. For only a short span of time, he now has the experience and the expertise to point out his personal learnings along the way of progressing as a Product Owner. Grab opportunities and take advantage of career development possibilities, even if it means going out of your comfort zone.

Technology 148

Technology Insurance Healthcare Recruiting 148

7 Shifts

JULY 8, 2023

Literally, I had been in the business for so many years, 25 plus years, and really I think the injustice of this industry is that we're kind of used and abused. You certainly didn't see a future working in the restaurant business per se, but I really wanted to change that. And you could take a person like myself at $4.13

Hiring 273

Hiring Back of House Take-out Training 273

7 Shifts

JULY 13, 2023

This causes managers to waste time running to the bank to restock cash for employee tip outs, and employees have to wait days or weeks to receive their earnings with potential real-life consequences for those with tipped minimum wages whose income depends on tips. How much time does it take them to do a cash run to the bank?

Cash Management 195

Cash Management Back of House Training Insurance 195

SpotOn

MARCH 25, 2024

Then, ask them, "How much does it cost to open a restaurant business?" An improperly designed restaurant could lead to a failed business. Equipment costs Like all your restaurant startup costs, kitchen equipment, and small wares are directly connected to the concept. If your landlord is willing to give you more, take it.  

License 52

License Insurance Point of Sale Equipment 52

Society Insurance

NOVEMBER 15, 2022

Items you find on a closing checklist might include, but are by no means limited to: Tasks for Front-of-House Staff: Making sure servers have closed their tables properly and have cashed out for the night. Taking out the trash and securing the garbage or dumpster area to keep pests and critters away. Reduced Business Risk.

Front of House 97

Front of House Food Safety Cash Management Back of House 97

Modern Restaurant Management

FEBRUARY 25, 2021

The past year has been a challenge for small businesses and no industry has been impacted quite like small hospitality operations. Whether customers are eating inside or out, your roof protects equipment vital to keeping the doors open. The good news is severe weather is one challenge you can do something about.

Equipment 189

Equipment Small Business Outdoor Insurance 189

7 Shifts

NOVEMBER 3, 2022

Amanda Cohen, chef and owner of New York City's Dirt Candy, is vocal about culinary lists and awards that leave out female chefs. Good to know that the grand old tradition of writing us out of the history of food is alive & well in 2020. The industry needs to do better to take care of its workers. Remember me?I

Leadership 195

Leadership FOH BOH Website Management 195

7 Shifts

APRIL 6, 2020

The US Congress has recently passed the CARES Act (Coronavirus Aid, Relief, and Economic Security) which is designed to alleviate some of the economic and medical impact put on American people and businesses during the COVID-19 health crisis. What does my restaurant get? Who qualifies? Who qualifies? You can apply for an EIDL here.

Small Business 341

Small Business 2020 Insurance Article 341

The Restaurant Times

JANUARY 23, 2022

If you have a flair for cooking and want to monetize your passion and skills, you can easily combine the two to start your very own catering business in the USA. . Some examples of events catered by industry establishments are graduation parties, wedding receptions, housewarming parties, business/corporate luncheons, etc. .

Catering 75

Catering License Insurance Food Supply 75

Modern Restaurant Management

MARCH 16, 2020

To be added to this guide, reach out to Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. The National Restaurant Association has provided a list of best practices to ensure business continuity. Click here to learn the 10 steps to take now. More than 2.45 and Canada.

Food Safety 233

Food Safety Kitchen Safety Small Business Employee Relations 233

Hot Schedules

JANUARY 25, 2021

I t’s probably fair to say that most entrepreneurs didn’t give much thought to the complexities around payroll management and taxes before starting a business and hiring employees. Those that run payroll for a business are responsible for making sure the business properly calculates these taxes and pays it on time.

2021 148

2021 Insurance Employee Relations Restaurant Law 148

MBB Hospitality

APRIL 14, 2023

But if you are considering the idea of learning how to start a small restaurant, this is the guide for you. We’ll be going over the following steps below that will help you set up your new business venture. Let’s take a look at the following list of steps down below. New business owners can qualify for tax breaks or credits.

License 52

License Food Supply Insurance Small Business 52

Sling

JUNE 9, 2023

The term “restaurant costs” is generally used to describe one-time expenditures on material resources — such as food, liquor, dishes, equipment, and software — that keep the business running. Step Four : Take inventory at the end of the month using the same process you used in step two. These are also referred to as direct costs.

Operations 78

Operations Inventory Food Supply Point of Sale 78