Remove Loyalty Program Remove Pricing Remove Sustainability Remove Waste
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What Consumers Want? A B2C Checklist

Modern Restaurant Management

Using technology to facilitate contactless payments, online ordering, and quick table rotation can increase consumers’ satisfaction and loyalty. Implement personalized suggestions, loyalty programs, and special incentives to make each diner feel appreciated and understood.

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2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits. To capture their attention and loyalty, businesses, including restaurants, must prioritise easy access and convenience. Nothing is fraud proof.

2024 215
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Restaurants with Strong Brand Identities Captivate Gen Z

Modern Restaurant Management

Dynamic pricing on these platforms might be necessary to combat some of the lost revenue due to fees. Another is to add convenience like saved orders, saved payment methods or Apple Pay, loyalty programs, and personalized offers or perks. Loyalty rewards don’t have to include discounts and coupons anymore.

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The Complete Guide to Increase Your Restaurant Profit Margins

Lavu

By staying on top of profit margins, you can make informed decisions about pricing, portion sizes, and operational costs, thereby improving your profit margins. Therefore, exploring effective ways to increase sales and carefully managing expenses, pricing, and menu offerings become vital strategies in maintaining a healthy profit margin.

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Are EV Charging Stations Worth the Investment?

Modern Restaurant Management

Historically high gas prices are pushing consumers towards EV options. People ( especially millennials ) are increasingly interested in sustainability and want to support brands that are aligned with their values. Demonstrate your commitment to sustainability. Are you minimizing waste (and associated costs)?

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2023 Outlook: Trends and Challenges Restaurants Will See, Part Two

Modern Restaurant Management

Reduce portion sizes slightly to maintain menu prices but account for increased costs. Don’t be afraid to increase price. Typically smaller but more frequent increases, especially on the big movers, will produce better, more sustainable results. Don’t be afraid to increase price. Your CPA can help with this.

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How to Wield Restaurant Food Costs to Your Advantage

MBB Hospitality

It involves tracking the cost of each ingredient, understanding seasonality, and recognizing price fluctuations. This granular approach helps in making informed decisions about menu design, portion sizes, and pricing, ensuring that each dish contributes positively to your bottom line.