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StockTake Online Blog

Do not Make These 5 Common Mistakes in Your Restaurant Business Plan

May 18, 2023 12:01:33 PM / by Team STO posted in Hospitality Management Software, Restaurant management software, best restaurant management software, Restaurant management system

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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. 

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The Secret to Controlling Food Cost Variance and Increasing Revenue

Apr 20, 2023 9:01:35 AM / by Team STO posted in Hospitality Management Software, UK businesses, Restaurant Inventory Management, Restaurant management software

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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.

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WHAT TO EXPECT FROM THE RESTAURANT INDUSTRY - CHANGES IN 2023

Apr 14, 2023 11:10:28 AM / by Team STO posted in restaurants, Restaurant Inventory Management, restaurant industry, Inventory, hospitality industry, restaurants/bars, Restaurant management software, control/management

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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.

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What's next for Hospitality? Planning for 2023 with StockTake Online restaurant management software

Apr 12, 2023 10:32:29 AM / by Team STO posted in restaurants, hospitality, Hospitality Management Software, Restaurant Inventory Management, restaurant industry, Inventory, hospitality industry

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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.

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Why is social media necessary for the hospitality industry

Jan 19, 2023 11:01:03 AM / by Team STO posted in hospitality, Hospitality Management Software, Restaurant Inventory Management, hospitality industry, restaurants/bars

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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.

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Steps to Improve Your Restaurant Profit Margin

Jan 19, 2023 8:33:26 AM / by Team STO posted in restaurants, Hospitality Management Software, Restaurant Inventory Management, restaurant industry, COGS, Review Your Cost Of Goods Sold, Inventory, food inventory

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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.

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HOSPITALITY PLANNING FOR THE YEAR 2023-24 (For Restaurants and Bars)

Jan 19, 2023 8:24:36 AM / by Team STO posted in restaurants, hospitality, procurement management software, Hospitality Management Software, procurement, Restaurant Inventory Management, food and beverages, food inventory

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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.

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Don't Let Your Restaurant Run Out of Food: The Inventory Management Guide

Jan 19, 2023 8:16:17 AM / by Team STO posted in restaurants, procurement management software, Hospitality Management Software, procurement, Restaurant Inventory Management, food and beverages, food inventory

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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.

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An effective procurement strategy: how to make your business thrive in the current climate

Jan 18, 2023 10:35:04 AM / by Team STO posted in restaurants, hospitality, supply chain, procurement management software, Hospitality Management Software, procurement, UK businesses

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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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5% VAT - how to reap the benefits

Jul 10, 2020 7:55:51 PM / by Veral Desai posted in restaurants, hospitality, chef, cocktail, sommelier, bars, vat

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£5,400 extra cash! The 5%VAT can help your business cashflow!

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