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Expanding Your Business? Seven Tips to Improve Cash Flow to Fund a New Location

Modern Restaurant Management

Restaurant365’s State of the Industry Customer Survey shows that 60 percent of surveyed customers plan to expand their businesses in 2023 despite expected increased labor and food costs. Businesses can run promotions, such as early bird specials, to attract budget-conscious diners and use an email database to get the word out.

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Is your business in shape for the year?

Hospitality Magazine

People will adjust their budgets and choices, and you’re flexible enough to meet them with fresh new offers. If you’re already using online rostering and booking services, integrate them with bookkeeping, payroll and marketing. Basic bookkeeping work can be done by someone else. The post Is your business in shape for the year?

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Restaurant Accounting: A Comprehensive Guide

7 Shifts

With the mountain of data and numbers in your restaurant business, it is essential that you know which ones to track so you can assess your business's performance and the effectiveness of your strategies. The reason is simple: you know the ins and outs of your business, and your restaurant accountant should, too.

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How much does it cost to open a restaurant?

7 Shifts

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. Don’t forget to budget for training, installation, and support costs. Utilities Budget 5% of your operating budget for utilities.

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Seven Traits of Successful Restaurant Owners and Managers

7 Shifts

These may be traits that come naturally to the best restaurateurs, but they can also learn some valuable habits to help them efficiently and effectively run a business and meet their goals. A successful business plan covers everything from the food you’ll serve to how your restaurant will look and how you want your customers to feel.

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12 Best Ways To Get Your Restaurant Noticed

7 Shifts

From managing your budget to accounting and bookkeeping for national holidays and events, this document will be your year-long guide to tracking your restaurant's promotional strategy. TikTok is a relatively new platform, but it's already helped build businesses from the ground up. Promote your business on Google My Business.

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The Ultimate Guide to Restaurant Costs

7 Shifts

For example, though food costs are running costs, you should budget for beginning inventory when opening your restaurant Many of your startup costs will be one-off costs, though some are subject to annual renewals Restaurant Expenses Vs. Restaurant Costs One often confused (and misused) sets of terms are restaurant costs and restaurant expenses.