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. You’ll need roughly 10% down on your space.

License 354

License Cash Management Inventory Food Supply 354

Culinary Cues

MAY 15, 2021

To attract and retain quality staff you must train well, treat them with respect, pay them a respectable wage, offer reasonable benefits, and provide them with the tools to be successful. When menus are well researched and managed then a restaurant stands a chance of success.

Customer Experience 390

Customer Experience Cash Management Customer Service Front of House 390

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. Leverage Marketing Strategy to Remind People You Exist.

Cash Management 230

Cash Management Social Media Seasonal Menu SEO 230

7 Shifts

JANUARY 23, 2020

As you plan out your concept, location, menu, staffing, and marketing, take a read through the advice left by hundreds of restaurateurs to ensure you’re set up for success in 2020. Educate yourself on costs, hiring, and the market you are in before taking the leap. Spend time researching low rent prices with good location.

2020 335

2020 Hiring Cash Management Education 335

Apicbase

MAY 30, 2024

A modern EPOS system is far more than simply a sleeker cash register. It serves as a central hub for processing and storing information regarding orders, payments, and employees while providing key insights for restaurant management. Each saved second counts towards a satisfied customer and, more importantly, your bottom-line profit.

POS 52

POS Inventory Cash Management Point of Sale 52

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. Every restaurant must constantly invest in training. [] PUTTING ALL OF YOUR EGGS IN THE CHEFS BASKET.

Cash Management 268

Cash Management Point of Sale Leadership Website Management 268

7 Shifts

JUNE 29, 2022

This rule helps franchisees stay compliant by requiring them to offer the items, prices, and specials approved by corporate and their franchisors. Often cited as one of the biggest challenges to operating a franchise , however, the lack of control over menu offerings and their prices can potentially cause dissension from franchisees.

Franchise 370

Franchise Franchising Restaurant Law Document 370

Modern Restaurant Management

JUNE 9, 2022

In a restaurant world filled with heavy hitters armed with deep pockets and marketing power, it can seem difficult for smaller concepts to compete. Let’s say the price of beef goes up. Glean data insights to help manage and build your team. Understand customer cravings and business needs through data.

Front of House 194

Front of House Point of Sale POS Cash Management 194

Clover - Restaurants

JUNE 20, 2024

In fact, the location you choose and understanding your local market can be crucial to the brand, theme, and food you choose for your restaurant. Of course, opening a restaurant can come with a high price tag, and figuring out just how much it costs to open a restaurant can be tricky. But, it’s just the starter.

License 52

License Front of House Back of House POS 52

7 Shifts

NOVEMBER 26, 2019

The brand of the restaurant is well-established, and much of the marketing is done by a dedicated team in the corporate office. million Some franchisors even require aspiring franchisees to have hundreds of thousands of dollars of cash on hand, which runs the bill up even more. coli after eating at Chipotle.

Franchise 369

Franchise Franchising Restaurant Law 2015 369

Modern Restaurant Management

OCTOBER 19, 2023

But it’s not just newbies to franchising – or restaurant franchises themselves, for that matter – that need to stay on top of the management intricacies that characterize the business. Brokers are having to go to the excess and surplus market to get the franchisor-required limits.

Insurance 99

Insurance Franchise Franchising Document 99

Cheetah

NOVEMBER 4, 2021

Top 3rd-party delivery apps on the market have repeatedly leveraged their power to squeeze mom-and-pop restaurants into high fees. From now on, restaurants will be the ones setting the purchase price shown to customers on the app for each menu item (excluding tax and tips). New Law Demands Transparency from 3rd Party Delivery Apps.

Delivery 148

Delivery Cash Management Restaurant Law Mobile Ordering 148

Perfect Daily Grind

DECEMBER 19, 2022

Like many other West African countries, Togo’s economy is significantly dependent on agriculture – with coffee, cotton, and cocoa being the major cash crops. However, after the formation of the Togo Office of Agricultural Products (OPAT) in 1964, the Togolese government started to oversee and manage production.

Agriculture 152

Agriculture Cash Management Training Government 152

Clover - Restaurants

APRIL 23, 2024

For instance, depending on how successful the restaurant has been, you’ll inherit a customer base, trained staff, and the equipment and space you need to hit the ground running. An existing restaurant also has an established cash flow, as well as a system in place for managing inventory, staffing, and running the kitchen.

Point of Sale 52

Point of Sale Cash Management Franchise Franchising 52

Ken Burgin

NOVEMBER 15, 2021

The popular Aussie BYO is now available in fewer restaurants, and there needs to be a rethink about the wine range and pricing, especially if customers can no longer bring the good bottle they bought for $12 and now have to pay a minimum of $50 from your range. Wine List Sales & Marketing Techniques. Offer great Wines by the Glass.

Point of Sale 147

Point of Sale Back of House Beverage Email Marketing 147

Culinary Cues

APRIL 30, 2020

Value: During this phase – value will be based almost entirely on price and whether the guest feels that they are able to justify the expenditure. Cash Flow: Restaurants should not view profit as a goal during Phase One. Profit will still be elusive, but solid management of expenses can result in breakeven.

Point of Sale 308

Point of Sale Customer Service Customer Experience Cash Management 308

Perfect Daily Grind

AUGUST 7, 2022

This is a result of several complex issues, including low coffee prices and accusations of mismanagement. Co-ops can offer much needed support and training, as well as easier access to the Nairobi Coffee Exchange (NCE). Mr. Gathura is a retired wet mill manager from Kenya.

Operations 175

Operations Audits Agriculture Cash Management 175

Perfect Daily Grind

JULY 31, 2022

Without access to finance, many coffee farmers struggle to invest in their farms – their businesses – and few can manage their farms enough to make them profitable. Rachel Nakasiita is Farmer Service Unit (FSU) Manager for NKG Bloom Uganda. José Manuel Calero Moraga is FSU Manager at Becamo.

Cash Management 138

Cash Management Agriculture Food Supply Sustainability 138

Perfect Daily Grind

AUGUST 30, 2022

Since then, coffee has been a major cash crop for Tanzania. Furthermore, low coffee prices have forced some farmers in the Northern Highlands to uproot their coffee plants and replace them with more profitable cash crops. Co-operatives need to find a way to stabilise coffee prices,” Erica explains. What are the solutions?

Education 152

Education Government Agriculture Cash Management 152

7 Shifts

SEPTEMBER 19, 2022

What about managers? Track and manage employee workload. What about managers? Managers fared a bit better than hourly employees—with a turnover rate of 28%. Among the over 25 sets, manager recognition (or lack thereof) was one of the top three reasons they left restaurant jobs. Back-of-House and Front-of-House.

Front of House 195

Front of House Back of House Cash Management Customer Experience 195

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. " – John Oakes, Revenue Management Solutions CEO. Slow movers tie up inventory -and the cash needed to by that inventory. Don’t be afraid to increase price.

2023 195

2023 Loyalty Program Mobile Ordering Customer Experience 195

Get Beyond

JANUARY 4, 2024

For example, if you’re coming up against writer’s block crafting a marketing email, it could be the perfect time to turn to ChatGPT to help you write a rough draft. Upskill Whether you have a digital marketing specialist on your team or are a one-person operation, upskilling is a surefire tool for small business success in 2024.

2024 52

2024 Small Business Cash Management Email Marketing 52

Restaurant Engine

JANUARY 26, 2022

1: Change Your Pricing. The first and easiest food service financing solution is to adjust your menu pricing. Does a price change make sense? Will a price increase upset your customers and drive them away? Does your menu warrant a price increase? Well-trained staff is more likely to stick around longer.

Cash Management 59

Cash Management Food Website Management Inventory 59

Sling

JULY 1, 2023

Who is your target market? 5) Pick a great location When you’ve got cash in hand, it’s time to take the next step and find the spot that will soon turn into your restaurant. And as you plan, review your pricing strategy. Price every item so that it makes a profit while remaining competitive in your market.

Fine Dining 78

Fine Dining Cash Management Restaurant Law Consumer Goods 78

SpotOn

MAY 14, 2024

SpotOn, as one of the leading software and payment companies in the field, has become a favorite among managers, restaurant operators, and staff thanks to our personalized customer service, competitive money value, and range of tools designed to help any restaurant succeed. Capterra users gave SpotOn a rating of 4.3, from Capterra reviewers.

POS 52

POS Point of Sale Customer Service 2024 52

Open for Business

OCTOBER 20, 2023

Quick links Market research and business plan Location and layout Budgeting and costs Licenses and legal requirements Creating the menu Staffing Technology and systems Marketing and branding Opening your restaurant Market research and business plan Market research and crafting a solid business plan are foundational steps in opening a restaurant.

License 78

License Email Marketing Front of House Seasonal Menu 78

Restaurant365

SEPTEMBER 3, 2021

Restaurant owners, operators, and managers are constantly faced with decisions about accounting, operations, inventory, customer service, and staffing. To keep up in a fast-paced industry, restaurants might consider adding a new role, commonly called “profitability strategist,” to the management team.

Waste 78

Waste Cash Management Point of Sale Inventory 78

Perfect Daily Grind

OCTOBER 12, 2022

You may also like our article exploring the role of a Kenyan coffee marketing agent. According to the Kenyan Agriculture And Food Authority , coffee was grown on around 119,000ha of land in 2019, making it one of Kenya’s biggest cash crops. Read on to find out what they had to share with me. The NCE system works in a unique way.

Food Supply 153

Food Supply License Supplies 2020 153

The Rail

MAY 1, 2023

It is important to take note of all the expenses needed to start a business, such as the cooking equipment, raw cooking materials, marketing costs, skilled staff, delivery personnel , etc. The business plan must also involve a targeted marketing strategy and assess a financial target projection for the first year, the second year, and so on.

Cash Management 59

Cash Management Mobile Ordering Online Ordering Customer Service 59

BNG Point of Sale

OCTOBER 15, 2021

The terms cash register and point of sale system are often interchangeably used. But there are many advantages of a point-of-sale system, over cash registers, as a company management solution. You need a point of sale (POS) system or cash register to process transactions and sales. Advantages of POS System for Retail.

Retail 52

Retail POS Cash Management Point of Sale 52

The Restaurant Times

MAY 25, 2021

With lockdown restrictions easing and restaurant business slowly picking up the pace in the UK market, it is an excellent time to revisit your restaurant’s business plans. While doing this, conduct market research, see what is working best in the market, and incorporate these trends into your menu. . Industry Research.

Cash Management 52

Cash Management Employee Relations Email Marketing Point of Sale 52

ChefMod

OCTOBER 6, 2021

But, how have they managed to stay up and running so far? Focus on Online Shopping For the last 15 years, the online shopping and ordering market has grown exponentially. Luckily, it is faster, more convenient, and allows you to compare different prices from different vendors.

2021 52

2021 Email Marketing Front of House Cash Management 52

BNG Point of Sale

OCTOBER 13, 2021

POS systems are similar to cash registers, but because they are computer-based, they give you access to a wealth of data about your convenience store business. The sophisticated and detailed sales reports generated by a POS system are its main advantage over a cash box or a cash register. Maintain Price Consistency.

POS 52

POS Point of Sale Cash Management Loyalty Program 52

Xtra Chef

JUNE 10, 2020

But how does our solution—and the many others on the market—translate when the industry as we know it has been turned on its head? Recently, John Enny, our Director of Marketing, facilitated a roundtable discussion with four xtraCHEF customers and industry insiders to discuss the role that restaurant tech plays in the new normal. “How

Back of House 78

Back of House Point of Sale Cash Management Pricing 78

Cheetah

APRIL 13, 2021

Just five years after Cheetah was founded, we’ve managed to process over 350,000 orders, supply over 1,000,000 products, and service over 3,000 restaurants. Our journey begins in 2015 in the sluggish foodservice market in San Francisco. The entire wholesale grocery and foodservice distribution market were highly analog.

Operations 78

Operations Food Truck Food Supply Small Business 78

Modern Restaurant Management

APRIL 27, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. Best practices for calculating cash flow. MRM Restaurant Survival Guide Updates and COVID-19 Resources for Restaurants. Tips for pivoting to retail.

Webinar 183

Webinar Loyalty Program Online Ordering Social Media 183

BNG Point of Sale

OCTOBER 13, 2021

They offer a wide range of hardware and software options to aid in everything from sales to management to accounting. Real-time, easy-to-change readings of stock, pricing and customers and employee statistics improve sales performance. There are a wide array of options on the market today. Cash register/drawer.

POS 52

POS Loyalty Program Point of Sale Cash Management 52