7 Shifts

JULY 5, 2024

Running a restaurant is not just about serving great food; it’s also about managing finances. For example, if labor costs are consistently high, you might consider optimizing staff schedules or using labor-saving equipment to reduce expenses and increase your net profit.

Cash Management 243

Cash Management Inventory Seasonal Menu Beverage 243

Modern Restaurant Management

JUNE 12, 2024

“Owners should be examining the table turns and cash receipts of the business daily and comparing them to expectations for that day of the week and time of year,” Johnston told Modern Restaurant Management (MRM) magazine. “Sales in the restaurant business or notoriously volatile,” Johnston said. ”

Cash Management 197

Cash Management Equipment Small Business Magazine 197

7 Shifts

SEPTEMBER 19, 2024

Solution: Team management software that handles scheduling, time clocking, and payroll in one place. That's why they were excited when 7shifts, their team management software, added payroll to the platform. Now, when managers confirm the timecards are accurate, Tiffany just clicks 'Submit payroll'.

Cash Management 370

Cash Management POS Customer Experience Food Truck 370

7 Shifts

AUGUST 18, 2024

Equipment : What equipment will you need? Specialty bars focus on a particular type of drink or theme, such as wine bars or cigar bars, but can be much more expensive to manage. Sourcing the Right Equipment Your budget, target market, and concept will dictate your equipment needs.

Bar 370

Bar License Email Marketing Customer Service 370

Modern Restaurant Management

DECEMBER 28, 2022

We’re all familiar with equipment rental and software subscription services in the restaurant industry. But have you considered how an equipment subscription is a better, smarter business move than equipment ownership? You get to choose how to acquire this equipment: buy or rent. That’s what you pay them for.

Small Business 197

Small Business Equipment Cash Management Back of House 197

Culinary Cues

DECEMBER 17, 2020

A reduction in restaurant business leads to crop waste, unplanted land, and serious cash flow problems for farmers. Here are some of the other businesses that suffer when a restaurant closes, sometimes they too cannot survive as a result: [] Regional Farmers: A significant percentage of farm crops are dedicated to restaurants.

Uniforms 472

Uniforms Cash Management Brewery Consumer Goods 472

Culinary Cues

MARCH 26, 2022

Every business requires controls in pricing, consistency, quality, and cash handling. All of the tools are available for inventory control, purchasing systems, cash handling, costing templates, and quality assessment. Social media is very inexpensive, but someone needs to effectively manage it every day and every way.

Cash Management 375

Cash Management Social Media Restaurant Law Communication 375

Modern Restaurant Management

DECEMBER 21, 2023

How to Better Ensure You Won’t Need Your Fire Extinguisher The best response is to prevent a fire before it starts by updating and cleaning your kitchen equipment, ensuring rags and smoking materials are disposed of properly, investing in Class K extinguishers and finally 86ing flaming shots. Invest in a drop safe.

2024 189

2024 Kitchen Safety Cash Management Insurance 189

Culinary Cues

MAY 13, 2023

Each of those “departments” will require some level of unique kitchen management (sous chef) and specialists to support the uniqueness of function. As long as the checkbook has a credit balance they are in good shape (until predictable sales slump and cash flow turns the corner).

Hotels 436

Hotels Point of Sale Cash Management Training 436

Modern Restaurant Management

APRIL 7, 2023

One challenging aspect of owning a small business is purchasing and maintaining expensive equipment. Restaurant equipment directly affects the customer experience and operating efficiency from the quality of food offered, the food preparation time and the front and back of house staff levels required to properly service the customer.

Cash Management 100

Cash Management Equipment Front of House Small Business 100

ChowNow

SEPTEMBER 17, 2024

Managing accounts payable (AP) for restaurants efficiently is vital to running a successful restaurant. From keeping up with invoices to negotiating better payment terms with suppliers, these steps can ensure smoother operations, improved cash flow, and stronger relationships with your vendors. Automation can be a game changer here.

Cash Management 78

Cash Management Document Restaurant Law Online Ordering 78

Culinary Cues

AUGUST 22, 2022

There were no sophisticated profit and loss statements or cash flow charts, no point-of-sale systems or computer analytics to pour over and make decisions by; these were not the type of operations that required that level of analysis. The kitchen was not filled with the most sophisticated equipment and certainly not computerized.

Seating 449

Seating Front of House Back of House Cash Management 449

Culinary Cues

AUGUST 7, 2021

STATE OF MIND: Many are approaching this challenge as a roadblock to success, something that is preventing restaurants from finally getting their groove back and watching cash flow exceed the cost of doing business. True – this will not help restaurants today, but we need to get beyond crisis management and start to think long term.

Social Media 474

Social Media Cash Management Blog Equipment 474

7 Shifts

MARCH 11, 2020

You won’t have cash coming in until you open your doors, so you’ll have to depend on your life savings, investments, and loans to get you through your first few weeks or months of business. If your space is worth $1 million, for example, you’ll need $100,000 in cash to lock in the space. How does this break down, roughly?

License 354

License Cash Management Inventory Food Supply 354

Modern Restaurant Management

OCTOBER 21, 2022

Rapid inclination of restaurateurs to adopt POS software for better management of operations will complement the restaurant POS terminals market by 2027. Restaurant point-of-sale (POS) terminals are steadily replacing the now obsolete cash registers used in restaurants.

POS 179

POS Marketing Point of Sale Cash Management 179

Touch Bistro

JULY 20, 2021

Whether you’re new to the restaurant scene or a seasoned veteran in the industry, having the right restaurant equipment list is crucial to your business’s success. That’s why we’ve created this comprehensive commercial restaurant equipment list. 24 Essential Pieces of Restaurant Equipment. Let’s get started. Food Processors.

Equipment 52

Equipment Kitchen Safety Point of Sale Food Safety 52

7 Shifts

AUGUST 16, 2024

Restaurant management is one of the best pathways for servers and hosts looking to make the next step in their hospitality careers. If you see yourself managing a team and overseeing operations, the path of a restaurant manager may be fulfilling. What do restaurant managers do? As of 2024, they make around $26.42

2024 195

2024 Management Management Leadership 195

7 Shifts

MAY 25, 2020

each surface that comes into contact with food, and any supplies or equipment that’s used through the day. If you’re using a task management app like 7tasks , ensure that each task is assigned to a specific person to enforce accountability—and have your managers check the task list progress throughout the shift.

FOH 338

FOH BOH Kitchen Safety Cash Management 338

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. Management Team : document your team and why they have the experience and expertise to make your restaurant a success. Starting a successful restaurant requires passion, hard work and persistence.

Document 393

Document Cash Management Small Business Take-out 393

ChowNow

AUGUST 26, 2024

All of the ingredients of success come down to how you manage your money to keep costs under control and bring in profits. Startup Budget This covers initial costs such as equipment, licenses, renovations and initial inventory. We’ve got a few tips to effectively manage your restaurant business budget.

Cash Management 78

Cash Management Seasonal Menu Inventory Equipment 78

7 Shifts

AUGUST 20, 2020

They include: Labor management software Order management software Inventory management software Guest engagement software Contactless, mobile payment processors 5 Tools to Use to Increase Operational Efficiency in Restaurants Did you know that 48% of restaurants use three or more tech vendors?

Technology 293

Technology Mobile Ordering Dietary Restrictions Cash Management 293

Modern Restaurant Management

NOVEMBER 24, 2020

Restaurant owners are being forced to find a way to make it through winter with vastly reduced revenue, and many operators are scrambling to reallocate budgets and manage staffing to survive COVID-19. Managing cash flow can be difficult for seasonal businesses. Plan for Gaps in Your Budget.

Cash Management 230

Cash Management Social Media Seasonal Menu Food Truck 230

Marketman

SEPTEMBER 1, 2019

You’re going to manage your very own restaurant. Managing a restaurant covers all aspects of the business, from inventory and purchasing to distributors and vendor payments , and you need to be prepared. Whether you purchase new or used, be sure they are equipped with automatic door closures. Your dream is about to come true.

Equipment 66

Equipment Front of House Back of House Food 66

Culinary Cues

DECEMBER 30, 2019

The following provides some “food for thought”, maybe even a “look in the mirror” checklist for those who are drifting away from those initial goals. [] THINKING THEY CAN MANAGE THROUGH OTHERS. Ignore them and they will find someone else to pay attention. [] CONFUSING LEADERSHIP AND MANAGEMENT.

Cash Management 272

Cash Management Point of Sale Leadership Website Management 272

Modern Restaurant Management

FEBRUARY 9, 2022

Events like the Super Bowl bring an influx of cash to establishments of all sizes, some of which might not have the right cash logistics system in place. When managing an influx of cash, there is an increased chance of risks for cash mismanagement. Identify the amount of time you and your staff spend handling cash.

Cash Management 189

Cash Management Recycling Transportation Sports 189

7 Shifts

FEBRUARY 12, 2021

You have the advantage of a built-out kitchen with equipment, bars and dining rooms, technology, parking lots, and more. They could also be trying to get out of a bad situation—be it management, building, or market related. Have there been any major equipment repairs in the last six months to a year?

License 444

License Equipment Certification Take-out 444

7 Shifts

MARCH 31, 2021

In general, lenders will want to see at least five years' worth of cash flow projections. From there, they will help you work through the numbers and provide an estimation of your future cash flow. Dedicate a section to show off your management team. Be sure to stick to realistic estimations.

Cash Management 370

Cash Management Customer Experience Document Customer Service 370

Restaurant365

SEPTEMBER 23, 2021

Whether you’re a bookkeeper, accountant, restaurant owner, or store-level manager, understanding the basics of accounting can pay dividends for your business. Healthy accounting procedures for restaurants can help you manage food and labor costs, understand your profits and losses, and make strategic decisions about expenses and investments.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Modern Restaurant Management

SEPTEMBER 15, 2023

Process Payments for Non-Cash Transactions In a digital age, a lot of people use cards instead of cash – but they can't do that if your POS system isn't working. Your delivery management and online ordering will also be impacted. The result is lost revenue and unhappy guests.

POS 208

POS Front of House Cash Management Online Ordering 208

7 Shifts

JANUARY 23, 2020

This advice were submitted by owners and managers of restaurants of all sizes, concepts, and locations in the forthcoming 7shifts Restaurant Labor Management Study in 2020 ( subscribe to get your copy when it’s published!). Thoroughly research restaurant costs (operational, labor, equipment, etc.)—both Manager, Mercato Italiano.

2020 335

2020 Hiring Cash Management Education 335

Rocket Fuel

NOVEMBER 19, 2024

Back-of-House (BOH) Systems: BOH platforms offer streamlined inventory management, staff coordination and kitchen operations tracking. Payroll Portals: Payroll platforms track employee hours, manage schedules and process payments seamlessly. Was there an equipment failure or interruption that caused issues?

Operations 52

Operations BOH Franchise Franchising 52

Modern Restaurant Management

DECEMBER 4, 2020

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. Maintaining Your Equipment. Managing Your Online Presence.

Cash Management 165

Cash Management Front of House Equipment Back of House 165

Modern Restaurant Management

AUGUST 20, 2020

With hand hygiene becoming a major point of emphasis, this also keeps patrons and staff from exchanging cash, change and cards frequently. The heaviest hitters are Apple Pay, Google Pay, Samsung Pay and PayPal, but options like Square Cash, Zelle and Venmo are growing in popularity and might be worth exploring as well.

Cash Management 208

Cash Management Equipment 2012 Technology 208

7 Shifts

MARCH 10, 2021

This process includes focusing on your daily finances , such as cash flow, payroll, and inventory. Invest in Technology Accounting and inventory management software are just a couple of the technologies that small business owners should invest in. Or check out how 7shifts optimizes your restaurants labour management.

Management 370

Management Management Small Business Email Marketing 370

The Restaurant Group

MARCH 11, 2024

Managing a restaurant involves so many moving parts, including sourcing high-quality ingredients, purchasing a seemingly endless list of supplies, managing staffing and scheduling, and budgeting for a profitable restaurant – all within a set budget. One example is our restaurant remote management service.

Management 78

Management Management Cash Management Insurance 78

Modern Restaurant Management

MARCH 1, 2023

Is your restaurant up to speed with the latest best practices for back of house (BOH) management? So, which back of office trends should restaurant ownership and management be concerned with heading into 2023? They include restaurant management tips for cutting costs, decreasing food waste, and much more.

Front of House 171

Front of House Back of House BOH 2023 171

7 Shifts

APRIL 3, 2020

Download all the data from your restaurant POS or back-office management platform to get a sense of how your restaurant is operating today. Equipment & supplies The equipment that makes up your restaurant typically runs into the hundreds of thousands to maintain and operate. You might be thinking “what about my providers?”

BOH 368

BOH POS Influencer Point of Sale 368