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Ready To Sell? Maybe You Should Be

Modern Restaurant Management

Auggie’s became more than just a success story; it became the centerpiece of my book, Drafting a Dream. The book’s success, becoming an Amazon bestseller, reinforced the power of these lessons. The book’s success, becoming an Amazon bestseller, reinforced the power of these lessons. This is critical.

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Daily, Weekly, Biweekly? What’s the Best Pay Schedule for My Restaurant?

Modern Restaurant Management

While it’s simpler for restaurant management, it can lead to cash flow problems for smaller restaurants if they don’t keep their books properly balanced. Who does it benefit : This option is the most popular for a reason, as both workers and management are familiar with it.

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Four Ways to Take Charge of Your Restaurant Cash Flow

Modern Restaurant Management

Small business owners in nearly every industry struggle with cash flow and how to best utilize their working capital. Nearly 60 percent of failed businesses cite cash-flow issues as a primary reason for their failure, which shows how cash flow management can make or break your business. Get Paid Faster.

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Don’t Get Burned By The IRS – Tax Tips for Restaurant Owners

Modern Restaurant Management

By the time you manage inventory, staffing, customer demand and narrow profit margins, the last thing you want to think about is the IRS. Restaurants, like other cash-intensive businesses, are a frequently targeted for audits by the IRS. It only takes a few seconds to record transfers of cash received to the petty cash box.

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Positioning Your Restaurant for Sale

Modern Restaurant Management

Often the most difficult part of the sale comes with managing your emotions as the owner and approaching the sale objectively. These earnings are the pretax and pre-interest profits before non-cash expenses, one-time investments and any non-related income expenses. Managing Your Online Presence.

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How Interpersonal Engagement Fuels Modern Restaurant Success

Modern Restaurant Management

Both brands take a people-centric approach, intentionally embedding soft skills like communication, teamwork, and resilience into hiring, training, and management practices. Being skilled at running a grill or cash register is certainly needed to get the crew over the hump. Ultimately, soft skills are relationship builders.

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COVID-19 Best Practices for Restaurants: Navigating Coronavirus for Staff & Managers

7 Shifts

How restaurant managers can navigate COVID-19. Communicate with staff and managers. Monitor 7shifts Announcements from management for updates on the situation. Communicate with your manager about any changes to your situation—whether you’ve recently travelled or are feeling unwell. Accept all sick requests.