Sat.Jul 20, 2024

article thumbnail

Understanding Restaurant Finances & Financial Statements in 2024

7 Shifts

As an operator, you must have a firm grasp on your revenue, expenses, and profitability if you want to be part of the 20% of businesses that find long-term success in the industry. This involves not only knowing your current financial status but also being able to forecast future trends and make informed decisions based on accurate data. Components of a restaurant’s financial report The food and beverage sales report, prime costs report, inventory report, profit and loss (P&L) statemen

article thumbnail

Double Shift Dilemma: Things For The Savvy Restaurant Manager to Consider 

Synergy Suite

Imagine the kitchen beat, the clink of glasses, and the sizzle of a fresh order on the grill — your restaurant is a symphony of efficiency and flavor. But what keeps the rhythm is the staff, and sometimes, to meet demand, they’re asked to work double shifts. To understand the nuances of what this entails, a savvy restaurant manager must delve into the logistics and human factors of such a scheduling practice.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Social Media for Restaurants: 20 Effective Strategies To Boost Your Social Presence Online

7 Shifts

With over 5 billion people using social media globally, platforms like Facebook, Instagram, and TikTok have become necessary tools for businesses to reach customers. From introducing your restaurant to fulfilling orders, you can use social media to drive more traffic to your establishment, in-person and digitally. Discover why restaurants must have a social media strategy and 20 effective ways to boost your social presence online.

article thumbnail

ITALY – 7

Mary Gostelow

By the normal run of things spa therapists look like hospital staff. Not so at Borgo Egnazia – which does, by the way, use the appropriate tagline of NOWHERE ELSE. Arrive at the Borgo’s Vair Spa and you are greeted by lovelies wearing Milan 2024’s version of a Roman toga. You feel better, enhanced and refreshed immediately. There are so many wellness and other activities available.

article thumbnail

What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.