Tue.Jan 09, 2024

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Economic Outlook and Tips for the Restaurant Industry

Modern Restaurant Management

Restaurant owners should work to forecast their busy and slow seasons and use these projections to determine whether they are likely to need capital as they transition into their busy season. This can be especially true going into the holidays. Banks have been reducing exposure to small businesses ever since the pandemic, and now with higher interest rates putting pressure on bank deposits and greater regulatory scrutiny, banks are reducing their loan books even more.

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What to know about New Jersey tip laws

7 Shifts

New Jersey generally follows federal tip law standards, but the state does forge its own path in some key areas. The consequences for failing to meet these standards can be stiff: one prominent restaurant owner failed to pay more than $715k in payroll taxes and ended up pleading guilty on two counts, both of which could have landed the restaurateur in jail and came with a five-figure fine.

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How to Measure What Matters in Multi-Unit Restaurant Operations

Crunchtime

When it comes to all of the work done across your restaurant operations, are you measuring what matters? Restaurant ops teams have a lot on their plates—figuratively and literally, of course. But how do you measure the impact and success of the work ops teams do every day? Whether it’s inventory management, scheduling, operations execution, or employee development, each aspect of operations drives important outcomes that impact profitability, customer experience, and growth.

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What To Know About New Jersey Tip Laws

7 Shifts

New Jersey generally follows federal tip law standards, but the state does forge its own path in some key areas. The consequences for failing to meet these standards can be stiff: one prominent restaurant owner failed to pay more than $715k in payroll taxes and ended up pleading guilty on two counts, both of which could have landed the restaurateur in jail and came with a five-figure fine.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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How the Foodservice Industry Is Adapting to Better Meet Consumer Needs in 2024

Modern Restaurant Management

The foodservice industry is poised for some significant shifts in the new year as a result of changing consumer demand and rising trends being seen across the industry, but that said, there are simple, effective solutions for how operators and restaurants can stay ahead of these shifts. Prioritizing Healthy Living Wellness remains at the forefront of consumer lifestyle trends and continues to have a large impact on how people choose where and why to spend their capital.

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Your 10-Step Guide to Mastering Bar Inventory Management

Sculpture Hospitality

Running a successful bar isn’t just about delighting your customers, it’s also about managing inventory effectively. Here’s how to do it successfully.

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Attracting Silver Spenders to Your Restaurant

The Rail

By Briana Hilton, Contributor You may be surprised to learn that one generation is powering the economy forward and spending more than any other demographic – the “silver spenders,” aka consumers aged 59 and older. A new report from Bank of America revealed that silver spenders are the only generation who increased their consumer spending in 2023. They’re spending money on everything, from luxury vacations to meals at a restaurant.

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Embracing the Future: Implementing New Technology in Restaurants in 2024

OneDine

As we step into a new year, the restaurant industry continues to evolve at an unprecedented pace, with technology playing an increasingly pivotal role in shaping its landscape. With the onset of 2024, there’s no better time for restaurateurs to embrace innovative technological advancements to streamline operations, enhance customer experiences, and stay ahead in a competitive market.

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Denny's inks a 250-unit deal with ghost-kitchen specialist Franklin Junction

Restaurant Business

The diner chain also announced preliminary sales results for Q4, with comps rising 1.5% at franchised units and sliding 1.2% at corporate stores.

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How to Manage a Nightclub in 2024: 12 Expert Tips to Guarantee Success

The Eat Restaurant

We’ve put together a complete guide (with expert tips) to help you succeed as a nightclub or bar owner in 2024.

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Reduce Bias in Hiring: Structured Interview Questions for Employers

Structured interview questions are a valuable tool for reducing bias in hiring. They help: Ensure all candidates are asked the same questions in the same way Level the playing field so all candidates have a fair chance of being successful Improve credibility, reliability, and validity Download the guide to get the most out of your interview questions!

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BurgerFi says turnaround is coming later this year

Restaurant Business

Comp sales in 4Q were down 9% in preliminary results for the better-burger brand, but CEO Carl Bachmann said the foundation is in place for recovery.

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How to Ship a Brewery Around the World

EATER

When a brewhouse from California’s legendary Russian River Brewing Co. went up for sale, London-based brewer Pete Brown knew he must have it. There were only a few continents and oceans in the way.

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Will the feds block a grocery megamerger? Kroger and Albertsons will soon find out

The Salt

America's two largest supermarket chains have struck a $25 billion deal to combine. Now the FTC is about to decide whether it will block or allow it, and under what conditions. (Image credit: Rogelio V.

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Why population trends may help, and hurt, restaurants

Restaurant Business

The Bottom Line: Darden CEO Rick Cardenas told investors this week that demographic trends are shifting in restaurants’ favor. But some demographic trends will be a headwind.

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Food & Beverage Industry Report 2024

Driven by a diverse and exciting ecosystem of passionate, ambitious, and often young entrepreneurs, the Food & Beverage (F&B) sector is a highly competitive environment full of immense challenges and exciting opportunities. Expert Market’s 2024 industry report, sponsored by Toast, is informed by a survey of 522 U.S. food and beverage professionals, from restaurant owners to food service managers, providing insights into the real-time challenges and opportunities within the industry.

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Why there's a storm brewing about global food aid from the U.S.

The Salt

The act of providing food aid to countries in need turns out to be a complicated and controversial matter. Here's why.

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The union organizing Starbucks opts to bail from another concept it represents

Restaurant Business

Workers United has filed for regulators' approval to part company with an Ultimo Coffee cafe. The move comes as a majority of the coffee shop's employees take steps to oust the group.

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Jack in the Box has apparently sold a lot of its new Smashed Jack burgers

Restaurant Business

The company’s burger has easily outdistanced expectations, to the point that it expects to run out of supplies next week.

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How popular diets can rewrite restaurants' menus

Restaurant Business

Restaurant Rewind: Chances are the weight-loss schemes currently in vogue won't come close to having the influence one fad had 25 years ago.

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The HR Leader’s Survival Guide

HR leaders drowning in paperwork struggle to meet C-suite's strategic expectations. Burnout and high turnover plague the field, with 95% feeling overwhelmed. This guide explores how the right tools can free HR from admin tasks and empower them to become the strategic leaders they’re meant to be.