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This edition of MRM's "Ask the Expert” features advice from Buyers Edge Platform. Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Q: How Can I Prevent Contract Overlaps and Overpricing? A : Contract overlaps and pricing have a lot of impact on restaurant operators and their business, especially for those without supply chain personnel or who are simply too busy to check or double c
Learn how to write a killer restaurant mission statement to be among the select few that can. Restaurant mission statements matter whether you're opening a restaurant or refreshing your brand. They provide insights into business strategy, guide business decisions, and are a reminder of why you started. If mission statements are that important, you'd think more restaurateurs would spend time creating theirs.
Social media is one of the greatest advertising tools for promoting any restaurant. Today, it’s practically mandatory to have a social media strategy to survive as a business. Twitter is currently one of the top social media platforms with over 192 million active users. For any restaurant, that’s a lot of potential customers and you […].
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.
Below is an excerpt from The Business Side of Restaurants: How Intelligent Restaurant Business Entrepreneurs & Investors Can Lead, Win and Make More Money in Life by Clifford K. Bramble. Every item sold within a business contributes to the product mix of item sales. The goal is to make sure they are all working in unison to make the business profitable.
Tipping practices are in constant conversation in the restaurant industry. There have been a number of ways in which restaurant owners have tried to create a more equitable system for employees to earn consistent, fair wages to improve retention. Attempts have been made to eliminate tipping altogether, but many restaurants ended up reverting back to a traditional tipping system.
Molly J. Smith/Eater. This cake may not channel the swirled Cinnabon look, but it shares the same soul Warm, pillowy dough rolled up with a sticky-sweet spiced filling and slathered generously with thick cream cheese frosting is enough to entice just about anyone, but cinnamon rolls hold a special place in my pastry-loving heart. As someone who didn’t eat a lot of sweets growing up, it felt like a field day when my mom would buy me a cinnamon roll (always the Classic one ) from the Cinnabon at o
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Molly J. Smith/Eater. This cake may not channel the swirled Cinnabon look, but it shares the same soul Warm, pillowy dough rolled up with a sticky-sweet spiced filling and slathered generously with thick cream cheese frosting is enough to entice just about anyone, but cinnamon rolls hold a special place in my pastry-loving heart. As someone who didn’t eat a lot of sweets growing up, it felt like a field day when my mom would buy me a cinnamon roll (always the Classic one ) from the Cinnabon at o
Reward your staff to improve employee morale. Did you know the benefits of team building are far reaching? When you have a restaurant with high employee morale, that trickles down to your customers. That in turn creates loyal customers and improved profits. (tweet this). The benefits to you and your restaurant start with great employee benefits. Working day to day in the restaurant business is tough work both physically and emotionally.
Every restaurant owner, operator, and manager are currently asking themselves: how do I hire restaurant employees in today’s labor market? It is increasingly difficult to recruit, attract, hire, and retain employees, but there are some insights that can help you navigate a tough labor landscape. The Restaurant Labor Shortage. The restaurant industry is back to busy, with full indoor capacity and a dining public eager to eat out.
7shifts' collects and analyzes large volumes of restaurant data to help inform our machine learning systems that power our Optimal Labor Tool and other efficiency and time-saving features, like the Automatic Scheduler and Labor Cost Savings Calculator. We also can use the same data to track economic trends in the restaurant industry at large. Recently our Data Team analyzed the changing economics of restaurants as the Covid-19 pandemic's impact on the restaurant industry wanes in the United Stat
Louiie Victa/Eater. All you need is a few pantry staples, a bit of patience, and, of course, good saikyo miso. It was always a test of patience at my grandmother’s house on New Year’s Day. There was so much waiting: waiting for all the guests to arrive, waiting for the appetizers to be properly set on the table, waiting for my favorite dish to appear.
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.
Hospitality firms are increasingly keen to jump on the sustainability bandwagon. However, too often they get lost in the complexity of the subject and limit their engagement to unimaginative solutions such as towel reuse in bathrooms. Much larger challenges loom in the physical infrastructure of the hotel itself. In this short paper we outline some important sustainability challenges for hotels from a building perspective.
Hygiene and cleanliness often go hand in hand, but adoption and follow-through with measures like disinfection , handwashing , and hand sanitizer use within commercial facilities were not as consistent prior to the COVID-19 pandemic. Without the widespread threat of infection, cleaning was previously more focused on appearance than protecting public health and was not as strategic as it needs to be today.
COVID-19 has been a shot in the arm for online deliveries. The apprehensiveness of customers to dine out worked positively for the restaurants as they diversified online ordering channels. As online ordering increased, cloud kitchens also made their space into the market, further propelling the trend. A recent report by POSist , in collaboration with the Dubai Restaurant Group , highlights that almost 70% of the UAE restaurateurs are open to investing in cloud kitchens in 2021.
Roman Tiraspolsky /Shutterstock. The banking Goliath says the review and guide site — which oversees Zagat — will maintain independence, but Chase credit card holders could receive special perks like curated dining experiences Restaurant website the Infatuation states its goal as bringing “you the most honest and trustworthy opinions on where to eat around the world.
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.
The Student Business Project (SBP ) is a much appreciated and anticipated module for final year EHL Bachelor students. Its aim: to give students real-life, hands-on, practical experience of what it means to set up and run a business from every possible angle, in conjunction with the requirements of a business partner who has enlisted their help, insights and know-how.
There’s rarely been a more difficult time for restaurants than the past year. Combining a shortage of customers and employees as a result of the COVID-19 pandemic with the ongoing flux of health code restrictions, restaurants are struggling to drive traffic and relevance within respective customer bases. Put simply, now that America is finally able to dine-in, there’s a frenzy on the business end to net as many customers as possible — but it’s easier said than done.
Post COVID-19, restaurants have embarked on a different journey. Restaurateurs have been realizing and bridging gaps in their operations with the primary motive of surviving during the pandemic. Delivering a good customer experience is another reason many restaurants are exploring new avenues by adopting new technologies. One way restaurateurs have been turning the tables is by deploying versatile POS (Point of Sale) software to automate their restaurant and cloud kitchen operations. .
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.
The Student Business Project (SBP ) is a much appreciated and anticipated module for final year EHL Bachelor students. Its aim: to give students real-life, hands-on, practical experience of what it means to set up and run a business from every possible angle, in conjunction with the requirements of a business partner who has enlisted their help, insights and know-how.
Hurricane Ida is just the most recent major storm to make landfall in the United States this hurricane season. Thousands of businesses and more than one million people were left without power and forced to deal with the lingering effects of standing flood waters. Restaurant owners can use these tips as they prepare for severe storm weather and deal with power outages, floods, pest problems and many other severe storm impacts.
Akiba Dori is a critically acclaimed Japanese street-food concept which houses the only Tokyo-style Neapolitan Pizzeria in the Middle East & is located in the heart of Dubai Design District. . The brand was conceived in April 2018 by Samer S. Hamadeh, whose previous concepts include Republique & Stereo Arcade. In 2011, Samer decided it was time to venture into a new domain and explore the world of hospitality, something he had always been interested in.
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.
Hospitality firms are increasingly keen to jump on the sustainability bandwagon. However, too often they get lost in the complexity of the subject and limit their engagement to unimaginative solutions such as towel reuse in bathrooms. Much larger challenges loom in the physical infrastructure of the hotel itself. In this short paper we outline some important sustainability challenges for hotels from a building perspective.
MRM's Franchise Feed features news on the restaurant franchise and MUFSO landscape. Wing Zone Refresh. Wing Zone is getting a new look, top photo. Eight months after the acquisition by Capriotti’s, Wing Zone is rolling out a brand refresh which features technology upgrades, a revamped menu, an energized restaurant design and experience, a new logo and other assets designed to further position the brand as one of the undisputed leaders in the chicken wing category. “We have been g
La clave para un restaurante exitoso, como probablemente cualquiera podría decirle, es buena comida, excelente servicio y una excelente ubicación. Estos factores contribuyen a las altas cifras de ventas. Sin embargo, los restaurantes operan con márgenes reducidos. La venta de sus restaurantes debe ser suficiente para cubrir todos sus otros gastos, además de generarle una ganancia decente.
Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.
If you own a bar or restaurant, you need to identify several methods of getting new customers to stream in and, at the same time, retain the current ones. For many business owners, email marketing is the ideal solution to fostering relationships outside the restaurant. Most people would think that only big companies should use email marketing while the small ones should go for other restaurant marketing strategies.
The UK is seeing a significant increase in the number of food vans – many of which came into their own during the COVID-19 pandemic with indoor food venues having shut their doors. The question is, how do you get involved in such a market, find your niche, and make a success of things? Well, you'll be glad to know van leasing company, Van Ninja, have put together a handy guide detailing everything you need to know.
El requisito previo fundamental para crear un negocio de restauración exitoso es brindar un servicio estándar a todos sus clientes. Debe haber fijado en su cabeza el estándar de servicio de restaurante deseado de su restaurante. Sin embargo, a menos que comunique claramente sus pensamientos al personal de su restaurante, ¿cómo sabrán ellos lo que espera de ellos?
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.
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