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Ready To Sell? Maybe You Should Be

Modern Restaurant Management

By then, he had a well-oiled, cash-flowing operation that he could sell at a premium. Refer back to Rule #11, "Control Your Controllable Costs." First, if you are skimming some cash off the top, you need to stop now. This required immense effort and dedication. I know this may be difficult for many of you.

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Tips to Overcome Your Restaurant’s Cash Flow Crisis

Modern Restaurant Management

According to a study, 82 percent of small businesses fail due to cash flow problems. A cash flow shortage occurs when more money is flowing out of the business than is flowing into it. During a cash flow shortage, you might not have enough capital to cover your payroll or other operating expenses.

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What the Heck is a KPI and Why You Should Give a Sh*t

Embrace the Suck

To get you started down the KPI Mastery path, let’s start with the basic metrics: Cash Flow. Cash flow is simply the amount of money going in and out of the restaurant. It’s essentially how much cash you have on hand. Cash flow = Cash input - cash output. Allow me to help you manage your KPIs.

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Restaurants Can Fight the Bite of Chargebacks (Infographic)

Modern Restaurant Management

Traditionally, this has meant that the manager comes out and apologizes to the guest, then offers a discount or a comped meal. Also, as of 2019, up to 35 percent of in-person restaurant purchases were paid for in cash. No one was even eating in restaurants, let alone handing cash or a credit card to a server.

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Steady Work: Best Restaurant Management Advice from Starbucks’ ‘Playbook’

Modern Restaurant Management

It’s relevant today because it helps restaurant leaders contend with enduring issues like crisis recovery, demand fluctuations, food waste, keeping the human touch, managing change, and retaining employees. In this excerpt, Gaudet describes learning how the new system would improve the work of managers, baristas, and support partners.

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10 Proven Restaurant Management Tips and Tricks for Success

Harbor Touch

Their stories inspire these 10 proven restaurant management tips and tricks for success. Its practical wisdom drawn from years of supporting restaurant managers, crafted to stand the test of time. Staff Management 1. Check references carefully and run quick trials. This isnt just theory from a manual.

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IT’S TIME FOR RESTAURANTS TO PLANT THE SEEDS AND HARVEST THE TALENT

Culinary Cues

So, first step – let’s refer to it as a challenge. 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. So, what might the cause be?