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It may sound like just an excuse to eat out, but experiencing the food and ambience of your competitors is essential to writing a persuasive restaurant business plan. Think about it: you can’t possibly know what your restaurant is up against unless you do your research. Research, in this case, involves visiting, eating at, and making copious notes about the other restaurants in your area.
We started the Restaurant Growth Podcast in 2021 to provide a platform for the best and brightest minds in the restaurant and hospitality industry. About a year and more than a dozen episodes later, we had the privilege to interview a wide range of folks with advice on everything from hiring staff , to creating content, to providing benefits, and increasing profits.
To me, A1 sauce evokes a steak-and-eggs morning at the diner with my father The first time I had A1 sauce was at a tiny Glendale, California diner tucked into a strip mall: Toasted Bun, like a typical Anytown, USA restaurant, had dusty mini blinds, formica laminate tabletops, tan vinyl booths, a waist-high counter, and sassy waitresses. My father, a Korean-born, Brazilian-raised former coffee farmer who became a mortgage banking executive, loved eating American breakfast there every week before
A prominent restaurant critic provides a template on how not to behave when you leave disappointed. The post How Forgivable Is Bad Service During A Pandemic? appeared first on The Restaurant Manifesto.
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.
In the current business context, most hospitality organizations are finding themselves wanting to strike the right balance of "building back better" without jeopardizing a speedy recovery and keeping sustainable business practices at the heart of it all.
Even though life is slowly returning to normal following the COVID-19 epidemic, many restaurants and foodservice enterprises still face many challenges. For those who have made it this far, the future appears bleak, as the government bailout package they expected didn’t come to pass. Trends come and go, and, indeed, they’re never here to stay.
Across the United States, businesses are suffering from unprecedented staffing shortages in the aftermath of COVID. Nowhere is this more clear than in restaurants; many wonder if parts of the workforce left the industry for good and how they will fill that gap. With a critically shrunken talent pool, restaurants are racing to fill positions in every part of the business — front of house, back of house, and corporate teams.
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Hospitality Management Today brings together the best content for hospitality management professionals from the widest variety of industry thought leaders.
Across the United States, businesses are suffering from unprecedented staffing shortages in the aftermath of COVID. Nowhere is this more clear than in restaurants; many wonder if parts of the workforce left the industry for good and how they will fill that gap. With a critically shrunken talent pool, restaurants are racing to fill positions in every part of the business — front of house, back of house, and corporate teams.
Today is a big day for us, but an even bigger day for our restaurant partners. We've raised $80MM in new funding led by Softbank with continued support from Ten Coves Capital and Enlightened Hospitality , the fund affiliated with Danny Meyer's Union Square Hospitality Group. With these new funds, I'm tremendously grateful to be able to accelerate our mission— to simplify team management and improve performance for restaurants.
NFT restaurants are dining clubs for the metaverse. But also sometimes IRL. Got it? Just weeks before Christmas, with the restaurant industry reeling again from the omicron variant, chef Tom Colicchio was tweeting about penetrating the metaverse. In a series of tweets, he announced CHFTY Pizzas , a new NFT (non-fungible token) venture with Top Chef alum Spike Mendelsohn.
A restaurant app can help you build your revenue and reach more customers. More than 80% of mobile phone users search for restaurants in mobile apps. This begs the question, “Does your restaurant have its own app?”. If the answer is “no,” then it’s time to consider it. Your customers are ordering online, now more than ever before. You want to reach them where they are while also providing them ease of access.
Over the past decades, marketing practice has increasingly focused on creating online interactions between organizations and their consumers. This shift is spurred by multiple developments, such as the growing internet penetration , the increasing sophistication of devices, as well as the greater connection speed that network technology offers. The increasing relevance of digital marketing is underlined by the significant increase in spending on digital advertising, which is estimated to grow fr
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
The past few years have been critical for restaurants as owners and operators have had to quickly adapt and modernize alongside the changing climate and consumer demands. It has been a roller coaster for restaurant management as challenges like staffing shortages and mask mandates have made it difficult to keep business alive and thriving. While there’s no crystal clear direction for the industry in 2022, there are restaurant design trends that could help shape the food and beverage scene
You pop by your flagship location to find staff scrambling, working two shifts at the same time. Understaffed, again. So you call up your downtown manager—and they have staff sitting around with no customers to serve them. Your drive-thru location? Perfectly staffed, and you're under target with productivity through the roof—a perfect schedule. You wish every location could be like that.
James Beard Foundation. Check out the full list Today in a press release , the James Beard Foundation revealed the semifinalist nominees for the 2022 James Beard Awards. At a glance, the list appears to be one of the most diverse — across race, gender, geography, styles of service, and styles of cuisine — in the foundation’s history. There are some new categories this year , meant to address the findings of an extensive 2021 audit to address the longstanding biases baked into the awards process.
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.
Looking to expand your market reach? Try a cloud kitchen. You may have heard about cloud kitchens (sometimes known as ghost kitchens or virtual kitchens). They are commercial kitchen spaces so food related businesses can use the facilities and services to prepare their dishes for delivery. This is different than a traditional brick-and-mortar location because it allows restaurants and food service businesses to create and provide their food without a lot of overhead.
The wellness industry is transforming into a booming trillion dollar market with plenty of potential for new entrants in the sector, be it new products or services. EHL has compiled a list of the top 10 global spa trends for 2022. The spa experience is no longer simply about pampering; spas are now required to offer an extensive menu of healing therapies for the mind, body and soul.
An evolving customer base makes the restaurant industry a dynamic space. Newer trends and styles come and go faster than traditional restaurants, and their cooks can keep up for rush hours. This is why running a successful restaurant business needs more than good food. Good and personalized packaging , excellent customer service , and good ambience are some prerequisites.
We are witnessing the evolution of fine dining. Astonishingly veganism is a chief enabler of this culinary transformation. Starting out as a whole grain diet for radicals, vegan food culture has evolved into Michelin star worthy mega trend for future chefs and culinary experts. Nowadays, vegan food is becoming normal in restaurants and fast food joints.
Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.
Predictive Scheduling has become a hot topic in the restaurant industry. As a growing number of municipalities propose and approve legislative changes around scheduling practices, many restaurateurs are wondering: how will predictive scheduling impact my business? This guide is designed to help you stay in front of Predictive Scheduling changes and make sure your restaurant is fully compliant.
Dive into the transformative potential of business automation within the hospitality sector. This comprehensive overview showcases how innovative technologies can streamline operations, reduce costs, and elevate guest satisfaction. Discover the advantages of integrating systems like automated check-ins, CRM, and energy management to not only save on expenses but also to provide a seamless and personalized guest experience.
There are multiple facets to making a restaurant visitor keep coming back to your establishment. But all of it takes the back seat when it comes to food quality. Based on a survey, out of all the factors that impact the experience of a customer at a restaurant, the quality of food was ranked as the most important. 58% of restaurant visitors consider food quality more important to them than price, service, and menu variety.
Many business owners believe that emailing is an obsolete form of marketing. But that couldn’t be further from the truth. Even for a unique niche like restaurants, the power of email marketing can boost brand awareness and ROI. Paired with features like a striking restaurant logo and using a color palette so your brand is easily recognized, emails can help you get the customers you’re after.
No matter the size of your business, you likely spend a large part of your day as a manager dealing with one (or many) employee's time off requests. Everyone gets sick, has family obligations, and - frankly - can benefit from time away from the job. In fact, Harvard Business Review found that to be truly engaged at work, our brains need to take a break from the everyday grind in order to gain fresh perspective and energy.
Kent Phillips, photographer. Why is so much space food blue? Welcome aboard Galactic Starcruiser, a windowless Star Wars space yacht forever moored in a galaxy far, far away alongside Florida’s Interstate 4 highway. It’s not quite Westworld by way of Naboo, but it’s the closest to playing pretend padawan that Disney’s offered to date. Walt Disney World’s ambitious new project — officially titled Star Wars: Galactic Starcruiser — isn’t just a place to stay; it’s a performance.
Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.
Like any business, the main aim of running a restaurant is to gain profit. While there may be many goals behind opening a restaurant, the operations are always focused on earning a profit. If there is no profit, there’s no money, and eventually, there’s no restaurant. Keeping your profit margin high is the only way to ensure that your business survives.
UAE is one of the most lucrative food markets globally, primarily driven by cities like Dubai and Abu Dhabi, which are hotbeds for tourists and ex-pats. The influx of tourists is owing to the cultural diversity prevalent in the country, leading to the restaurant industry’s growth. The country can cater to everyone’s food fantasy with its wide range of cuisines.
Though many of the market forces that shaped the restaurant industry in 2021 were closely linked to disruption from the pandemic's onset in 2020, 2022 brings new challenges — and opportunities. Unprecedented labor and supply chain pressure will drive most of the restaurant trends that will define 2022, industry analysts say. This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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