Remove 2021 Remove Cash Management Remove Employee Relations
article thumbnail

11 Restaurant Management Best Practices to Maximize Your Performance in 2021

Restaurant365

As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. Here are 11 tips to set yourself up for success in 2021. Manage cash flow by creating a cash flow forecast. over a certain period of time.

2021 136
article thumbnail

MRM Research Roundup: Mid-April 2021 Edition

Modern Restaurant Management

consumers to better understand their feelings about planning events in 2021. As consumers ramp up their event planning, operators should continue to leverage connected technology solutions to ensure the event booking and management process is streamlined and as user-friendly as possible. ” The Return to On Premise.

2021 189
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

A More Financially Stable Workforce Can Fuel Industry Recovery — Even in a Talent Crunch

Modern Restaurant Management

The vast majority of financially stable employees (87 percent) are likely to remain with their current employer for the next year, compared to only 58 percent of those who are financially unstable. These solutions could help to address other pandemic-related challenges, like ongoing cash management hurdles.

article thumbnail

Mitigating Cost Price Inflation Via Supplier Management

Hot Schedules

Mitigating Cost Price Inflation Via Supplier Management. Not only does this deliver greater control, but negotiated rates also help avoid the inevitably higher costs that come from buying with petty cash. Smart operators take purchasing management further by using electronic trading platforms. Related Posts.

Pricing 148
article thumbnail

7 Ways to Deal With the Labor Shortage in 2021

Touch Bistro

In 2021, the restaurant industry is experiencing an unprecedented labor shortage that’s seeing worker resignations and job openings at an all-time high. million jobs – or 12% – short of pre-pandemic levels as of June 2021. million food service employees lost their jobs in 2020. Well, go ahead and unlearn it. In total, 2.5

2021 98
article thumbnail

The 2021 Guide to Restaurant Taxes: Tips and Advice

Touch Bistro

Restaurant accounting and tax specialists have navigated many operators through millions of dollars in relief and helped them become cash flow positive through the pandemic. This article will also cover: Important restaurant tax deadlines for 2021 5 steps you need to take to increase cash flow during tax season. May 17, 2021.

2021 52
article thumbnail

What Should Restaurants Be Thinking About Regarding Benefit Strategies?

Modern Restaurant Management

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Demand is surging and finding employees has become almost impossible. An interesting dynamic occurred with the January 2021 benefit open enrollment period.