Modern Restaurant Management
MARCH 23, 2020
A coalition of restaurants including Panera Bread, Noodles & Company, Veggie Grill, El Torito, Jason’s Deli, The Habit Burger Grill, Lemonade, Modern Market, and Chevys Fresh Mex is asking Americans to participate in The Great American Takeout on Tuesday, March 24. Together, we must act to support each other and our communities in unprecedented ways.
7 Shifts
MARCH 26, 2020
The restaurant industry is in flux, and many restaurateurs lack access to the information and resources required to make decisions about their business. 7shifts is sharing insights about communication, sales, and staffing for restaurateurs to understand both the global and regional impact of COVID-19. Looking at the data inside the 7shifts labor management platform—from sales activity to staffing and communication—we see serious changes as restaurant owners struggle with reduced sales and increa
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Smart Brief Hospitality
MARCH 24, 2020
Airlines, hotels, and casinos are grappling with uncertain times. Due to the rapid spread of the coronavirus, the travel business is doing what it can to adjust to the situation. With restrictions on travel, self-quarantine mandates, the travel industry is responding to one of the greatest threats their industry has ever faced. Airlines gear up The unfolding pandemic has hit the aviation and travel sectors hard, putting pressure on corporate leaders to make rapid adjustments after years of growt
MBB Hospitality
MARCH 24, 2020
Maintaining an effective inventory revenue margin requires both the right infrastructure in terms of personnel and technology and the right practices. Only a multi-modal approach to your restaurant’s inventory can maximize your profits and promote strategic revenue management. Here’s a short guide on 5 tips for how to manage your inventory successfully in a restaurant setting. 1.
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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Modern Restaurant Management
MARCH 26, 2020
Business intelligence and data analytics solutions are transforming the restaurant industry. Now more than ever, new systems are empowering owners and managers to optimize service, boost guest engagement, enhance menu performance, slash waste, and much more. Yet very few restaurants are applying business intelligence and data analytics to the “technology stack” deployed at each location.
Hospitality Management Today brings together the best content for hospitality management professionals from the widest variety of industry thought leaders.
Smart Brief Hospitality
MARCH 24, 2020
Airlines, hotels, and casinos are grappling with uncertain times. Due to the rapid spread of the coronavirus, the travel business is doing what it can to adjust to the situation. With restrictions on travel, self-quarantine mandates, the travel industry is responding to one of the greatest threats their industry has ever faced. Airlines gear up. The unfolding pandemic has hit the aviation and travel sectors hard, putting pressure on corporate leaders to make rapid adjustments after years of grow
Modern Restaurant Management
MARCH 27, 2020
Customer discounts and free sandwiches for healthcare workers are just two of the ways that the barbeque brand is showing its genuine care and appreciation for the communities it serves. The coronavirus pandemic has resulted in challenging economic times, especially for the restaurant industry. Mighty Quinn’s Barbeque has certainly felt the pinch.
Modern Restaurant Management
MARCH 26, 2020
With many states ordering dine-in restaurants to shutter, getting the word out if you can offer curbside pickup, delivery and takeout is crucial. This makes being responsive to community needs and local store marketing techniques even more significant. In fact, an optimized localized marketing strategy can yield up to three times more business growth, according to SOCi, Inc.’s second annual Localized Marketing Benchmark Report , produced in partnership with Localogy.
Modern Restaurant Management
MARCH 27, 2020
There has been a significant surge of Artificial Intelligence (AI) usage in the restaurant industry for providing improved services to elevate operations, trim cost and create a better environment for guests. How will AI use in the restaurant industry continue to evolve? Sales Forecasting. To evaluate future sales, restaurant owners carry out a sales forecasting process.
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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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Modern Restaurant Management
MARCH 23, 2020
Proactive marketing can be an effective tool for restaurants that can remain in operation during the COVID-19 crisis. As one way to help restaurants navigate this uncertain time, our team has created a short e-Book with marketing tips for restaurants. Download the full guide, "Coronavirus Era: 13 Restaurant Marketing Ideas" here. Among the highlights: Pickup Incentives.
Modern Restaurant Management
MARCH 26, 2020
Food Marketer Susie Fogelson of @ F&Co offers some ideas and resources for restaurants during this unprecedented time. Watch and listen for actionable tips and best practices for marketing including hashtag campaigns such as #onceaweek.
Modern Restaurant Management
MARCH 27, 2020
Jon Taffer is scared for restaurants and terrified for bars. He cautioned that when restaurants can reopen for dine-in service, they will have to face the bittersweet reality of less seating capacity and less sales–he estimates as much as 30 percent–due to social distancing practices and guest apprehension. "They have to expect 30 percent less seats and 30 percent less revenue when they open their doors," he told Modern Restaurant Management (MRM) magazine.
Modern Restaurant Management
MARCH 24, 2020
In a time of such uncertainty where restaurants are experiencing mandated shutdowns in cities and states across the country and the industry is facing a loss of $225 billion as a result, according to the National Restaurant Association, it is more important than ever for brands to engage and communicate with their customers effectively. These are unprecedented times, with neighboring restaurants all facing similar challenges, so having an authentic way to remind guests that you’re open is
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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.
Modern Restaurant Management
MARCH 24, 2020
Food safety discussions have taken on a new level of urgency, as restaurants face the enormity of consequences of COVID-19. Restaurants that spent the first weeks of the pandemic reassuring customers that they had expanded cleaning protocols are now shutting their doors and shifting to takeout and delivery models that have their own safety challenges.
Modern Restaurant Management
MARCH 23, 2020
In this Coronavirus outbreak, the restaurant industry is one of the most affected sectors, with businesses being forced to close and owners desperate to salvage their life’s work. In these times of crisis, some of the few options restaurants have are no-contact delivery and minimum exposure pickup. In the infographic below, you will find 14 emergency measures you can implement as a restaurant owner to protect your business and customers during the COVID-19 pandemic.
Modern Restaurant Management
MARCH 23, 2020
The past few weeks have proven how quickly the way in which we dine is shifting and evolving and fast forwarded a number of technology trends. Hyper-connectivity and lifestyle trends will continue to influence and alter consumer behavior. Capitalizing on this craving for convenience, fast food options and food delivery startups are growing rapidly, evidenced by the fact that fast food growth swiftly outpaced that of bars and restaurants by a whopping nearly 7:1 margin between 2017 and 2019.
Modern Restaurant Management
MARCH 25, 2020
Restaurateurs and their employees don’t need anything else to worry about these days. It is challenging enough to operate a restaurant in this time of quarantines, curbside and delivery-only options, and social distancing added to the attendant drops in revenue and worries about making sure employees are cared for. Maybe the absolute last thing any restaurant wants to focus on are food safety regulations such as the Food Safety Modernization Act (FSMA).
Speaker: Joe Sharpe and James Carlson
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.
Modern Restaurant Management
MARCH 25, 2020
It is not surprising that under the current circumstances, restaurants are seeking help to understand their lease obligations. Can they close their restaurant? Can they stop paying rent? The short answer is possibly yes, but not in every instance. Each case is different, so it is important for restaurant owners to consult with a real estate attorney about their own particular situation.
Modern Restaurant Management
MARCH 24, 2020
The modern restaurant point-of-sale (POS) system has grown beyond simply handling payments. Feature-rich mobile POS systems have evolved to processing orders, sending tickets to the kitchen, providing detailed reporting and offering thorough inventory and business management. With the restaurant market expecting to exceed $22 billion by 2025 , the high volume of cash and credit cards that pass through a restaurant each day make a POS system a necessity rather than a convenience.
Modern Restaurant Management
MARCH 25, 2020
For more resources, click COVID-19 Survival Guide for Restaurants and MRM Restaurant Survival Guide, Second Course. To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. Rom Krupp, founder of OneDine has been literally sleeping in his office and giving away his company’s technology for free to save as many restaurants as possible.
Modern Restaurant Management
MARCH 24, 2020
This edition of MRM News Bites features the National Restaurant Association, Absolute Brands, Bacardi, Tito's Vodka, Yum! Brands, Mount Franklin Foods, US Foods, Melt Shop, FoodMaven, Nathan's Famous, Island's Fine Burgers & Drinks, Checkers & Rally’s, Lineage Logistics and Minnow. National Restaurant Association Show Canceled.
Speaker: Igli Laci, Strategic Finance Leader
In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a
Modern Restaurant Management
MARCH 24, 2020
Should I pivot my business model and start offering delivery? That’s the question on everyone’s mind lately, especially in light of COVID-19. Many restaurants across the United States and Canada have been forced to shut their dining areas, and lockdown. It’s important as a business owner, to explore all the options for keeping your business open.
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