Remove Cash Management Remove Pricing Remove Tip Distribution
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2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

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Inflation Is Impacting The Restaurant Industry. Here’s How To Fight It.

7 Shifts

We also wanted to see if the inflation concerns many are expressing are showing in restaurants as large flows of government stimulus are distributed. Has the price of going to a restaurant increased? We found a 14% increase in the total price on a receipt. The bottom line is that the price of going to a restaurant has increased.

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PPP Part Two and More Restaurants Need to Know Now

Modern Restaurant Management

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. Tips for pivoting to retail. MRM Restaurant Survival Guide Updates and COVID-19 Resources for Restaurants.

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The Ultimate Guide to Restaurant Costs

7 Shifts

But the challenges don’t stop there—once open you have to focus on improving processes, managing labor schedules, and controlling restaurant costs. Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. This is only a guideline.

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PPP Part Two and More News Restaurants Need to Know Now

Modern Restaurant Management

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. Tips for pivoting to retail. MRM Restaurant Survival Guide Updates and COVID-19 Resources for Restaurants.

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Uber Eats Up Postmates and PPP Loan Data

Modern Restaurant Management

The data release also includes overall statistics regarding dollars lent per state, loan amounts, top lenders, and distribution by industry. and BurgerFi International entered into a definitive agreement at a $100 million purchase price to combine and form BurgerFi International, Inc. ’s stock price performance.

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[Guide] How to Implement Digital Tip Payouts at your Restaurant

7 Shifts

So, you've decided to implement a digital tip payout solution in your business—congratulations! Restaurants without team management tools may miss out on top talent, like those who value tech: Gen Z. For example, 7shifts' Tip Payouts is particularly helpful due to its integration with Tip Pooling and POS systems.