article thumbnail

Three Strategies to Set Your Restaurant Team Up for Summer Success 

Modern Restaurant Management

Reduce Costs by Maximizing Employee Scheduling Times of stress and uncertainty often call for a brief pause and a deep breath. Then work to better match scheduling to the ebbs and flows of customer demand. Step back and really observe your restaurant’s customer demand and labor reporting.

article thumbnail

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

Modern Restaurant Management

This will enable restaurants to create more purposeful schedules during these uncertain times. Throughout the week, reevaluate the schedule and readjust forecasts based on actual sales coming in. Stay on Top of Bookkeeping Ensure that invoices are entered daily to help better manage cash flow.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

No-Shows in Showbiz: How 7shifts Made Scheduling Easier for This LA Restaurant

7 Shifts

Problem Hugo's opened when bookkeeping was done in physical books. Hugo's was looking for a tool that would work with their newly adopted Toast POS, as well as give them more power to track labor and schedule their expanding team. And not only do those schedules take less time—they're also more efficient. It's wonderful.

article thumbnail

Restaurant Accounting: A Comprehensive Guide

7 Shifts

Step 2: Look for a trustworthy restaurant accountant Even if you already know the restaurant bookkeeping and accounting process well, we suggest hiring a professional accountant to help ensure your business complies with local tax, payroll, federal, and state laws. If either of these costs is too high, your restaurant will lose money.

article thumbnail

How to Improve Restaurant Operations: 9 Proven Strategies

7 Shifts

Create optimized staff schedules Using the most recent data gathered by 7shifts , the restaurant industry's turnover rate is a whopping 62%. Optimizing staff schedules is essential to ensure that restaurant operations are not hampered by understaffing.

article thumbnail

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. 4 Ways to Control Restaurant Labor Cost If your labor cost percentages continue to rise, your first reaction may be to schedule less staff or reduce wages. Fast casual: 28.9%

article thumbnail

How much does it cost to open a restaurant?

7 Shifts

Other tools that will make your restaurant run smoothly are an employee scheduling tool (starting at $17.99/month You’ll likely need the help of legal counsel, a business strategist, accountant and bookkeeper, and marketing and PR consultants to set yourself up for success. month ) and a reservation management tool ($200+/month).

Budgeting 141