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The restaurant industry is constantly witnessing major changes in technology. Smarter technological inventions are replacing traditional methods at restaurants. AI-driven technologies have been introduced in this sector after having carefully examined the customer behavior and their expectations over the years. To beat the massive competition that exists in the restaurant industry, restaurateurs need to invest wisely in technology.
In a social media-heavy world, the visual appeal of a restaurant has become more important than ever. Instagram is now reshaping the way diners consume their food, and in return restaurants have changed to accommodate the need for “ Instagrammable ” experiences. Creating an Instagram marketing strategy for your restaurant is just a part of getting your business up and running.
In our last post , we went over some of the successes and challenges of revenue management in the apartment rental business. We came up with a number of elements that we believe need to be applied to take revenue management to the next level. Horizontal Analysis vs. Vertical Analysis. Given that you can sell each apartment only once, there’s simply no solid way to measure pick-up accurately.
Is your restaurant doing well and you feel like you are ready to expand your business, but not sure how? They are a lot of ways that you can do it and here at MBB Management we can help you develop a surefire plan for success. Check out this Need to Know Guide on Restaurant Expansion for Restaurants. Make It a Part of Your Business Plan. First things first, any plans for expansion should be thought through and put into your business plan even before you open your restaurant.
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.
It's no surprise that as temperatures drop, restaurants often face increased rodent pressure as mice and rats look to find shelter for the winter. But this winter, pest management experts anticipate that there may be even greater rodent activity than usual. To protect your restaurant from mice and rat intrusions this season, now is the time to take action.
Halloween is fast approaching, and whether you’re a server looking for a costume, or a manager trying to get your staff in the spooky spirit, you know that costumes are a great way to attract more diners and boost sales. Having your restaurant team dress up gives them a chance to be creative, be more engaged on the job, and increase their tips from Halloween-loving tables.
RuPaul's Drag Race star KimChi channeled her bold vision into a colorful, whimsical launch bash for KimChi Chic Beauty.
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Hospitality Management Today brings together the best content for hospitality management professionals from the widest variety of industry thought leaders.
Is your restaurant doing well and you feel like you are ready to expand your business, but not sure how? They are a lot of ways that you can do it and here at MBB Management we can help you develop a surefire plan for success. Check out this Need to Know Guide on Restaurant Expansion for Restaurants. Make It a Part of Your Business Plan. First things first, any plans for expansion should be thought through and put into your business plan even before you open your restaurant.
If you are an entrepreneur in the process of opening a new restaurant, you know how crucial location is for your success. While choosing a location may appear to be simple, it is the unanticipated land use and zoning hurdles that can stand in your way. These land use and zoning obstacles can not only impact whether you can open a restaurant in your desired location, but may also increase several start-up costs in your business plan.
In restaurants, happy customers are crucial to the mission. This is not only true because happy customers become repeat customers, but it’s also true because happy customers leave good reviews. Online reviews can make or break a business, and patrons check the reviews before deciding to dine at your establishment. That’s not to say a few bad reviews are going to tank your business, though.
There’s no question that the restaurant delivery and reservations experience has become increasingly digitized in recent years, and there’s no sign of this trend slowing down in the future. At the current pace, you might even think that apps have replaced the more traditional processes for placing takeout orders, making reservations or asking menu questions, right?
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.
Building a restaurant’s brand is a lot like cooking. It’s part science, part craft. It requires statistical information about your target market, your geographic setting, and your market. It also requires creative thinking and a little soul-searching. When you get your brand right, more patrons show up for you, and they leave eager to spread the news.
In recent years, consumers have been demanding higher standards from the catering industry. Environmental concerns, dietary requirements, and cost efficiency have all been at the centre of these demands. Cheap and easy solutions are no longer enough. If catering companies want to keep up with consumer trends, they must start focussing on sustainably and how their products can support social change.
Please send plant-based news to Modern Restaurant Management (MRM) magazine's Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Plant Based World Comes to the UK in 2020. Following the success of the Plant Based World Conference & Expo in New York, organizer JD Events is delighted to announce the launch of Plant Based World Europe in London in 2020.
In this edition of MRM News Bites, we feature The Local Culinary, Ordermark and DoorDash, Lavu and Omnivore, Revel and 7shifts, Tocaya Organica and Postmates, bd’s Mongolian Grill and Lightspeed POS. Local Culinary Expanding. The Local Culinary, a virtual restaurant group specializing in chef-driven, delivery-only concepts – the first of its kind in Florida – signed a letter of interest to open new commissary-style kitchens in Boca Raton and Aventura.
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.
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