When it comes to restaurant management, having a sound business plan is essential for long-term success. Unfortunately, many restaurateurs make common mistakes when creating their plans, leading to trouble down the road. To ensure you do not make the same errors, it is important to know what these mistakes are and how to avoid them.
Whether you run a cafe, own a coffee shop, or are in charge of stocking your company’s kitchen with break room snacks, you probably know that one of the biggest costs in any business is food. It is one of the areas where cost variance can be most damaging to your operation and your bottom line.
The restaurant industry is constantly evolving, and 2023 is no exception. With technology advancing at a rapid pace and customer preferences shifting, restaurants need to be prepared for some major changes in the year ahead. Here are a few key changes to expect in the restaurant industry in 2023, and how they will impact restaurant management and inventory control.
What's next for Hospitality? Planning for 2023 with StockTake Online restaurant management software
As the hospitality industry continues to evolve, restaurants need to keep up with the latest technology to stay competitive. StockTake Online restaurant management software is here to help restaurateurs plan for 2023 and beyond.
The hospitality industry has changed drastically over the past few years, and this change has affected the way restaurants/bars operate their businesses. The hospitality industry requires businesses to have social media presence if they wish to stay competitive in today’s marketplace.
Restaurant profit margins are something that every restaurant owner should pay close attention to, as they are one of the most important factors in deciding the success or failure of your restaurant.
As hospitality venues look ahead to the new year and start to plan for 2023-24, one of the most important considerations should be inventory management. Having an efficient system in place to track and manage inventory is essential for any successful hospitality business.
Keeping your restaurant well-stocked with food and beverages can be one of the most challenging aspects of running your business. If you do not have enough supplies, you may run out, which will leave your customers upset that they can not order their favorite menu items.
An effective procurement strategy: how to make your business thrive in the current climate
As a result of rising global inflation, many UK businesses—including the hospitality sector—are facing increased costs. We are feeling the effects of a fuel crisis, which has driven up utility costs and led to weekly notifications from suppliers about price increases. Also, Ukraine's conflict with Russia is restricting grain exports by that country—a significant supplier of sunflower oil (also used in biodiesel). As economic conditions continue to change, businesses must focus on cost controls and sound purchasing practices.
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