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Seven Traits of Successful Restaurant Owners and Managers

7 Shifts

Successful restaurant owners have many traits in common. Here we've outlined seven practices of highly successful restaurant owners. The fact that 60% of restaurants fail in their first year and 80% close within five years of their grand opening is an indication that few have what it takes for long-term success.

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The Ultimate Guide to Restaurant Costs

7 Shifts

Opening a restaurant is a big challenge that requires a huge investment of time and money. But the challenges don’t stop there—once open you have to focus on improving processes, managing labor schedules, and controlling restaurant costs. Indeed, controlling restaurant costs is one of your biggest challenges.

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Restaurant Bookkeeping: The Ultimate Guide

Synergy Suite

Running a restaurant means creating a symphony of flavors, but behind the scenes, managing finances is the true backbone of your establishment’s success. That’s why mastering the art of restaurant bookkeeping is a skill not to be overlooked. What Is Restaurant Bookkeeping and Why Is It Important?

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Survey Says: Restaurateurs Are Making Expansion Plans

Modern Restaurant Management

Will 2024 be a comeback year for restaurants? Despite challenges including inventory costs, commission fees and staff turnover, many restaurant owners are expressing optimism about moving forward, according to TouchBistro’s 2024 State of Restaurants Report. What results did you find surprising and why?

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How to Improve Restaurant Operations: 9 Proven Strategies

7 Shifts

Every manager aims for maximum operational efficiency in their restaurants, but achieving this isn't easy, with the industry's success rate recorded at only 20%. This is where developing a comprehensive restaurant operations plan comes in. This is why 62% of managers feel burnt out , especially on days leading to peak seasons.

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Hospitality’s 2023 food and beverage trend predictions

Hospitality Magazine

The number of hospitality hubs doing it all — bar, restaurant and shop front rolled into one — will also continue to grow as guests look to spend more time (and money) in-venue. The notion of paddock-to-plate is the lifeblood of a restaurant — as they say, a dish is only as good as the ingredients used to make it. Restaurant Hubert.

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Simplify your business by integrating your business operations with POS system

Lithos POS

integrated POS system is the solution for that. We are discussing in this blog What is an integrated POS system? POS system is a system that is used to manage sales, track inventory, customer and employee management, simplify payment transactions, and more.