11 posts · Page 2 of 2

Business Planning

Mastering Inventory Management: 5 ways to Unlock the Potential of Your Restaurant's Performance
Business Planning

Mastering Inventory Management: 5 ways to Unlock the Potential of Your Restaurant's Performance

The modern business world has embraced intelligent automation and digital systems. Restaurant owners should mindful not to get left behind. New and established restaurants can benefit immensely from advanced, low-cost computer systems to streamline operations. One of the most important and frequent routines to ensure your business is profitable is...

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It's Data, Not Magic: Every Food-Cost Management Secret Today's Restaurant Owner Needs To Know
Business Planning

It's Data, Not Magic: Every Food-Cost Management Secret Today's Restaurant Owner Needs To Know

Running a successful restaurant entails juggling various responsibilities, from providing exceptional customer service to maintaining quality in culinary offerings. Among these tasks, managing food costs stands out as a critical challenge faced by restaurant owners. In this guide, we delve into the intricacies of food cost management, offering insights and...

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Master Your KPIs: A Comprehensive Guide To The Restaurant Numbers That Matter Most
Business Planning

Master Your KPIs: A Comprehensive Guide To The Restaurant Numbers That Matter Most

In the fast-paced world of restaurant management, success is more than just delicious cuisine and welcoming ambiance. It’s also about harnessing the power of data to make informed decisions. Key Performance Indicators (KPIs) are the compass guiding restaurateurs to drive profitability and sustain the business. In this comprehensive guide, we’ll...

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New or Established Restaurant? Don't Neglect These Tips For Accurate Sales Projections
Business Planning

New or Established Restaurant? Don't Neglect These Tips For Accurate Sales Projections

For current restaurant owners and entrepreneurs looking to open a restaurant, having a firm grasp on sales projections is vital for long-term profitability and growth. Whether you’re a seasoned restaurateur or just starting out, accurate forecasting can mean the difference between thriving and barely surviving. In an industry known for...

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How Much Will It Cost? A Restaurant Startup's Guide to Estimating Initial Costs and Getting to ROI
Business Planning

How Much Will It Cost? A Restaurant Startup's Guide to Estimating Initial Costs and Getting to ROI

If you want to open a restaurant you need to figure out how much it’s going to cost. And if you are working on your business plan or want to entertain investors, you need to calculate the estimated return on investment (ROI). In this guide we will tackle both subjects:...

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A Beginner's Guide To Understanding Restaurant Financial Statements for the Non-Accountant
Business Planning

A Beginner's Guide To Understanding Restaurant Financial Statements for the Non-Accountant

If you’re running a restaurant or plan to open one, you need to be able to read the four basic financial statements used in all businesses. This simplified guide will teach you: What each of the financial statements are. Why they are important information about the business. How to read...

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Don't Get Stuck! How to Choose The Perfect Location For Your New Restaurant
Business Planning

Don't Get Stuck! How to Choose The Perfect Location For Your New Restaurant

Opening a new restaurant is an exciting venture, but choosing the right location is critical to your success. This comprehensive guide will walk you through the key factors to consider, from demographics and accessibility to lease negotiations and cost projections, ensuring you make an informed decision that sets your business...

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How To Fund Your Dream of Starting A Restaurant
Business Planning

How To Fund Your Dream of Starting A Restaurant

So you’re planning to open a restaurant, and you’re working out your business plan. Now you’ve come to the part where you list your funding sources. In this guide we will cover the many ways, both traditional and modern, that you can use to you can fund your restaurant startup...

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The Essential Guide to Restaurant Insurance: What New Restaurateurs Need To Know
Business Planning

The Essential Guide to Restaurant Insurance: What New Restaurateurs Need To Know

As a restaurant owner or manager, protecting your business from potential risks and liabilities is crucial. Restaurant insurance provides a safety net against unforeseen events that could financially cripple your establishment. This guide will help you understand the importance of restaurant insurance, the different types of coverage available, and how...

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How to Start Your First Restaurant: 7 Essential Tips for Success
Business Planning

How to Start Your First Restaurant: 7 Essential Tips for Success

Opening a restaurant offers many advantages as a small business. The lower startup costs, availability of loans, the ability to create a welcoming space for others and the freedom to work for yourself and be totally in control is certainly attractive to many future business owners. However, running a restaurant...

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30 Keys To Mastery: Top Restaurant Management Skills To Improve Your Success In The Industry
Business Planning

30 Keys To Mastery: Top Restaurant Management Skills To Improve Your Success In The Industry

Whether you’ve just landed a promotion to restaurant manager or you planning to start your own restaurant, mastering these 30 skills will turn you into a formidable, unstoppable machine in the restaurant industry. 1. Always lead by example. Hard work and integrity should characterize your management style. Eagerly jump into...

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