Squirrel Systems

MARCH 3, 2024

In today’s competitive dining industry, maintaining profitability while keeping prices stable is a significant challenge for restaurateurs. High operating costs, fluctuating commodity prices, and the ever-evolving preferences of guests can all squeeze margins.

Pricing 52

Pricing Loyalty Program Waste Social Media 52

Perfect Daily Grind

MAY 30, 2022

We know that most of the value in the global coffee market is created after coffee leaves origin. Figures from Statista predict that the revenue generated from the global roasted coffee market will amount to about US $334.60 Much of the value in particular is generated by roasting, after which coffee is marketed and sold.

Marketing 195

Marketing Supplies Advertising Catering 195

Perfect Daily Grind

NOVEMBER 13, 2022

From early 2021 through until mid-2022, coffee prices increased steadily – with arabica futures reaching a ten-year high of US 258.95 However, in recent weeks, the global market price of coffee (also known as the C price) has fallen to an 18-month low of US 174.20 cents/lb in February 2022.

Pricing 155

Pricing Operations 2022 Insurance 155

Culinary Cues

OCTOBER 19, 2023

What about that moment when the training wheels came off and you were able to balance and ride your bike independently? How many inner musicians, writers, athletes, teachers, entrepreneurs, cooks, chefs, and restaurateurs never rise to the surface because they were never recognized, encouraged, trained, taught, or given the opportunity?

Training 371

Training Seasonal Menu Back of House Leadership 371

Lavu

DECEMBER 14, 2022

Central to the program is a collaboration with CCSalesPro and James Shepherd, a Master Salesman, who has trained and mentored thousands of successful merchant services sales reps. Lavu also supports Dual Pricing, which offers significant savings for restaurants and larger residuals for ISOs and agents.

Training 78

Training Loyalty Program Point of Sale Tip Distribution 78

Restaurant365

JANUARY 4, 2022

Restaurant inventory management plays a key role in overcoming rising food prices. Logistics challenges and labor shortages have fueled rising food prices at the wholesale level. Data from the Bureau of Labor Statistics showed the November Producer Price Index, a measure of wholesale prices, up 9.6% from a year ago.

Inventory 148

Inventory Pricing Management Management 148

Cheetah

SEPTEMBER 30, 2021

Learn how this affects your business, from restaurant suppliers struggling to keep up, to rising food prices led by labor shortages and increased consumer demand for quick, cheap food. As grazing crops were scorched and shriveled, food for livestock has also come at a risk, influencing the meat market. Labor Crisis Continues.

Food Supply 148

Food Supply Supplies Pricing Food 148

Perfect Daily Grind

OCTOBER 17, 2022

Around the world, there are many examples of coffee shops and roasters that have expanded into international markets. Ultimately, however, when executed properly, it can help brands to diversify and understand how successful their value proposition might be in a different market. Entering new markets as a specialty coffee brand.

Marketing 141

Marketing Franchise Franchising 2009 141

Culinary Cues

JANUARY 8, 2021

Sometimes the change curve can be mapped out allowing ample time to gear up with new skills, new products, new methods of production, and a laser focused marketing strategy, while on occasion, something environmental takes place that forces a more immediate response. Think about the technology sector as a prime example.

2021 463

2021 Social Media Kitchen Safety Restaurant Law 463

The Rail

JANUARY 13, 2023

By Julia Nikolaus, Contributor As a restaurateur or manager, you know just how competitive the non-alcoholic beverage market can be. Restaurants need to recognize that non-alcoholic beverages require their own specific marketing strategies if they want an edge over the competition. 1 - Use Unique Brand-Focused Materials.

Beverage 116

Beverage Marketing Point of Sale Social Media 116

Cheetah

DECEMBER 10, 2021

Cooking oil prices reached an all time high this October. Cooking Oil Prices Triple amidst Global Shortages. The first years of the pandemic came after nearly 6 years of low vegetable and crude oil prices. Now, economies and restaurants are accelerating activity, but shortages are causing cooking oil prices to skyrocket.

Pricing 148

Pricing Operations Food Supply Supplies 148

Modern Restaurant Management

DECEMBER 10, 2021

Instead of promoting items according to price or margin, promote what your customers love. Your customer’s word-of-mouth advocacy is an invaluable marketing strategy. Train your staff to build other taking points. Make Use of Local SEO and Content Marketing. Others tend to emphasize their cheaper menu options.

Marketing 218

Marketing SEO Front of House Website Management 218

Marketing4Restaurants

JULY 27, 2023

A lot of businesses thrive or die depending on the amount of marketing done. Here are some common mistakes we’ve observed that hinder most businesses: Zero marketing One of the most basic mistakes is simply not doing any marketing at all. Email marketing This is a more personal way to connect with your customers.

Marketing 98

Marketing Email Marketing Pricing Specials 98

Modern Restaurant Management

SEPTEMBER 16, 2020

Modern Restaurant Management (MRM) magazine surveyed marketing experts to find out the best ways restaurants can market themselves now. Basant Baruah, Senior Content Marketer, Beaconstac. Below are a few examples of small and big F&B chains applying unique marketing techniques. Here are their insights.

Marketing 233

Marketing Social Media Food Safety Email Marketing 233

Modern Restaurant Management

JANUARY 8, 2024

This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits. To tackle this pressing issue effectively, businesses must invest in staff training and development, vital for retaining and upskilling their existing workforce.

2024 211

2024 Loyalty Program Cash Management Customer Experience 211

Modern Restaurant Management

FEBRUARY 18, 2020

Marketing trends, mobile data insights show that Gen Z has a considerable appetite for restaurants, clean eating, fast-casual, and exciting twists on healthy dining options. The sheer market size of Gen Z and their discretionary spending dollars should make restaurants and food services businesses sit up and take notice.

Marketing 177

Marketing Social Media Fast Casual Influencer 177

Culinary Cues

JULY 4, 2021

Prices of raw materials and labor, of course, have gone through the roof and there is no end in sight. Chefs may very well need to plan menus that change every week or two, or in some cases even daily based on availability and price. PLAN BETTER – TRAIN HARDER. Smaller menus with changing content are the way to go.

2021 497

2021 Food Supply Seasonal Menu Supplies 497

Culinary Cues

MAY 13, 2023

Training is paramount to attracting and retaining great employees, so these properties typically invest heavily in teaching and training. [] A NETWORK FOR GROWTH And finally, the next step in a cook’s career might not be at the club where he or she is learning. Know what you want and chart a path.

Hotels 430

Hotels Point of Sale Cash Management Training 430

Ken Burgin

AUGUST 1, 2023

These are designed for training restaurant managers and head chefs in problem-solving and resource allocation. Some of the ways to use these situations for training and coaching… Let people choose the one they want to answer and give them 5 minutes to make notes and prepare their answers. How would you handle this issue?

Training 60

Training Management Management Kitchen Safety 60

7 Shifts

JUNE 16, 2024

This is where being well-equipped with a fool-proof restaurant marketing plan comes in. After analyzing the latest industry trends, viral content, and successful campaigns, we have developed an all-in-one marketing guide to help you craft your strategy to attract new customers and keep your previous diners coming back.

Marketing 195

Marketing 2024 Email Marketing Social Media 195

Restaurant Business

JUNE 3, 2024

In an increasingly complex and expensive labor market, automated coffee solutions can significantly enhance margins for coffee operators. According to Datassential’s Buzz 2024 report, the leading factors attracting customers out of the home for coffee occasions are convenience, quality and price.

Supplies 99

Supplies 2024 Beverage Customer Experience 99

7 Shifts

MAY 23, 2024

The restaurant business is one of the most competitive industries, and this shows in the fact that only 20% of restaurants succeed in the market. Food cost percentage When deciding how much to price your menu items, TouchBistro advises keeping the food cost percentage anywhere between 20% and 40%.

Point of Sale 222

Point of Sale Seasonal Menu Food Supply Cash Management 222

Culinary Cues

OCTOBER 30, 2023

Is it worth it” (not necessarily price) seemed to rise as a real factor in determining the long-term success of a restaurant. It will take super-human effort, ample amounts of time, arduous training, and boat loads of cash. Don’t settle for less than excellence in any of these areas if world-class is your objective.

Fine Dining 357

Fine Dining Front of House Dine-in 2016 357

Culinary Cues

JULY 31, 2022

We can’t find any employees, people don’t want to work anymore, restaurants treat employees like crap, the pay sucks and the benefits don’t exist, prices are too high, supplies are impossible to find, and profit is so small that it isn’t worth the sweat and tears. PLAN BETTER – TRAIN HARDER. Yet, all we hear is negativity.

Food Supply 396

Food Supply Training Supplies Café 396

Modern Restaurant Management

NOVEMBER 8, 2023

At the same time, producers, suppliers and shipping companies have increased their prices; rent and energy prices have also continued to go up vis-à-vis the impact of the Ukraine-Russia conflict. There is a saying we often hear: “Staff training is key to creating consistency and having a successful business.”

Recruiting 186

Recruiting Guest Recovery Advertising Food Supply 186

Cheetah

SEPTEMBER 30, 2021

But the root cause of the current food chain crisis and rising food prices runs deeper than that. Learn how this affects your business, from restaurant suppliers struggling to keep up, to rising food prices led by labor shortages and increased consumer demand for quick, cheap food. Energy prices are very high right now too.

Food Supply 78

Food Supply Supplies Pricing Food 78

Culinary Cues

OCTOBER 24, 2020

These aspects include: décor, skill level of staff, style of service, pricing, profit, type of vendors selected, kitchen layout, equipment selection, marketing and advertising, pay scales, dining room seating, type of china, glassware and flatware, even the location and color scheme for the exterior of the restaurant.

Menu 391

Menu Seasonal Menu Front of House Café 391

Chowly

MARCH 14, 2024

This initiative goes beyond the surface, providing comprehensive training in fiscal management, forecasting, and budgeting. Chip’s program isn’t just about providing generic checklists; instead, it hones in on three critical aspects: proper reporting, forecasting and budgeting, and a more intentional approach to marketing.

Airlines 111

Airlines Sustainability Pricing Technology 111

Modern Restaurant Management

JUNE 9, 2023

Conduct Market Research Market research helps you define your business purpose. Carrying out sufficiently detailed market research with relevant data will help you define your niche and the ideal customer. Addressing this problem with sufficient training and employee perks will be crucial to hold onto valuable staff members.

License 141

License Document Hiring Fine Dining 141

The Restaurant Group

JUNE 5, 2024

Casual dining establishments offer moderately priced food with large menus that cater to different palates. Our experts also consider the demographics of your market so we can recommend a menu, design, and atmosphere that works. Research suggests it can influence online reviews, price, evaluation, and satisfaction.

License 155

License Food Truck Fine Dining Fast Casual 155

Culinary Cues

JANUARY 23, 2021

The baseline formula for determining selling price using an acceptable food cost percent of 30% would be: SELLING PRICE SP) = PLATE COST (PC)/FOOD COST %(FC%). If we use the same baseline formula for determining selling price: SP = $13.00 /.30. SP = $26.00 (A price that guests would be more willing to swallow).

Point of Sale 450

Point of Sale Front of House Back of House Fine Dining 450

Lavu

NOVEMBER 17, 2023

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.

Fast Casual 123

Fast Casual Fine Dining Food Truck Loyalty Program 123

Modern Restaurant Management

JANUARY 30, 2024

They research potential new offerings extensively, preparing thoroughly before launching rather than rushing to market. They must connect to priorities across key operations, marketing, customer service and finance roles. Sustainable restaurant expansion requires balancing excitement with patience and perspective.

Leadership 196

Leadership Small Business Cash Management Customer Experience 196

Embrace the Suck

NOVEMBER 2, 2020

Training People Like Dogs. You are training your guests to come for a discount. They are all seen as commodities in their market. They don’t try to lure you in with lower prices and deals. When you lead the market you set the price. When you suck, the market tells you what they will pay.

Retail 396

Retail Coupons Training Marketing 396

Perfect Daily Grind

AUGUST 19, 2022

The virtual event is scheduled for 18 and 20 October and will feature lectures and seminars on the North American and European coffee markets. Global plant milk market to reach US $32 billion by 2031. estimates a compound annual growth rate of 11% during the analysis period, with rising demand in the Chinese market. Wed, 17 Aug.

2022 124

2022 Marketing Agriculture Certification 124

Modern Restaurant Management

DECEMBER 27, 2023

This vibrant sector, a cornerstone of the global economy that tantalizes taste buds and fuels job markets, is bracing for transformation that will redefine its future. Additionally, by fostering a culture of continuous learning and innovation, establishments are positioning themselves as forward-thinking leaders in a competitive market.

2024 188

2024 Food Supply Kitchen Safety Influencer 188

7 Shifts

SEPTEMBER 16, 2021

Whichever way you go, remember that for every new restaurant you open, you'll need to conduct any necessary market research and document your planning process with a business plan and a feasibility study. You may also benefit from diversification in your market, particularly if you'd like to open your next location close to an existing one.

Management 370

Management Management Document Hiring 370