The Best Way to Maximize Restaurant Operations Management
What is restaurant operations management? Running a restaurant only yields successful results when a clear and actionable playbook is in place to guide your team. These data-based guidelines for managing your kitchen, front of house, finances, and day-to-day functions are the keys to proficient restaurant operations management. They enable you to consistently review and execute […]
How Do Small Business Restaurants Make a Profit?
What is restaurant profit margin? One of the most critical metrics to understand and track as a restaurant operator is your restaurant profit margin. Simply put, to remain in business, you need to understand your margins and everything that goes into them. This seemingly simple metric contains a fair bit of complexity under the hood. […]
What it Means to Automate Your Restaurant Sales Tax and How it Can Help Your Business
Managing restaurant sales tax can be complicated and time-consuming. If running your busy restaurant isn’t enough work, it is also your responsibility to make sure you understand your state and local tax rates so that you can accurately collect sales tax from each transaction, and then pay and file multiple times a year with a […]
How to Automate Your Accounts Payable Process
Modern restaurants depend on various integrated technology for an increasingly large portion of their business processes. Automation is becoming increasingly important in restaurants. It helps to increase efficiency, reduce costs, and lower overhead. Examples include POS systems, digital pay cards, and HRIS solutions, as well as data management software.  While digital automation continues to spread […]
Why You Shouldn’t Ignore Payroll Compliance & How To Make It Painless!
Payroll is one of the most critical aspects of any business. Properly paying your team creates trust, employment longevity, and helps operators avoid costly payroll compliance issues. This post reviews the current industry landscape regarding labor and payroll compliance. Continue reading to learn why it’s crucial that operators work with integrated point solutions to ensure […]
How to Calculate Your Restaurant Prime Costs
Now is an excellent time of year for operators to look back at their prime costs and determine where they can increase efficiencies and decrease costs. Industry supply/transportation issues and labor shortages control much of the conversation these days. Having proper tools to keep tight control of your prime costs is essential to operational efficiency and profitability. […]
11 Easy Tips To Successfully Close Out Financial Periods In Your Restaurant
A consistent Period End Close process is an essential component to a restaurant’s financial success. These reviews allow operators to analyze metrics and identify areas of opportunity with audits and benchmarks. Operators who have a true understanding of their fiscal health enable themselves the ability to make proactive business decisions. Additionally, it allows them to improve their […]
Top Strategies Restaurants Should Use To Reduce Supply Chain Impacts
The restaurant industry is still facing major impacts with issues in the supply chain. The issues begin all the way at the top; from the growers/farmers facing labor challenges. It then travels down through the manufacturers. The manufacturers are having trouble with the roller coaster opening and closing of the economy, making it difficult to […]
Use These 5 Tools to Increase Restaurant Revenue in 2022 and Beyond
Restaurant revenue, or sales, describes the total amount of money your operation generates during any given period of time. Most restaurants have multiple revenue centers, including food, beverage, merchandise, gift cards, third-party delivery, online ordering, and more. Consequently, revenue can fluctuate tremendously dependent upon various extraneous factors such as seasonality, weather, holidays, etc. Because of this, […]