Restaurant Management

5 Survival Tactics for Running a Restaurant During COVID-19

running a restaurant

COVID-19 has changed the way that many businesses need to be run. Many people are working from home to protect themselves and their families, plus, stores that are still open are enforcing stricter cleaning guidelines.

Restaurants have been able to stay open under certain conditions. If you are running a restaurant, you have had to implement many of these changes. But, how do you ensure your business’s survival with most people staying at home?

These are the 5 survival tactics for running a restaurant during COVID-19.

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What the Coronavirus Pandemic Means for Restaurant Food Costs?

restaurant food costs

You may be curious about what the pandemic means for restaurant food costs. You may also have noticed that your restaurant or grocery bill is a little higher than usual. With the coronavirus pandemic spreading, it seems like the price of everything steadily rising.

Keeping calm in tough times is an important part of running a business. If meat prices are taking a toll on your wallet, there are steps you can take to reduce the impact of expensive food. One of the first things you do is to talk to a business consultant.

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Why Restaurant Online Ordering is Crucial for Business Right Now

restaurant online ordering

There always were advantages to restaurants offering online ordering. Many people prefer to order online and have their food ready for them by the time they pick it up. Others are shy and would rather order using an app than calling in, so having mobile ordering reaches a broader range of customers.

Convenience is a major part of the digital age- it is much easier to push a few buttons on your phone than go out to buy your food. Plus, with the pandemic, it is also safer to order online.

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5 Popular Food Costing Solutions to Consider for Your Restaurant

food costing solutions

Food costing is one of the most stressful aspects of managing your restaurant’s profitability because it’s based on so many variables. Doing the proper research into certain aspects of the market and managing your inventory consistently can help you find the right food costing solutions to your restaurant’s profit margins.

How do you do that? Here are 5 food costing solutions that are popular among restaurant managers as solutions to problems of profitability.

1. Keep track of the food market

There are statistics available that track food prices over time, which will tell you whether fruit or veal is predicted to increase or decrease in price in the coming months.

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5 Tips for Restaurant Inventory Revenue Maximization

inventory revenue maximization

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. A Proper POS system

A POS, or point of sale system, is essential to running a modern products-based business like a restaurant. They are useful both for single-site locations and for managing the inventory of multiple locations at once.

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What is Beverage Management and Why Is It’s Important To Your Restaurant’s Bottom Line

beverage management

It is common knowledge that restaurant management consists of many different moving parts, but not everyone thinks about what role beverage management plays in this industry. With recent trends showing a major rise in beverage purchases, customers are looking for unique and interesting ways to consume a mid-morning or afternoon indulgence.

With this rise in beverage importance, customers are demanding a larger variety of choices with more distinct flavors and styles available. Although this is a way for your business to earn more money through drink sales, this can also raise your beverage costs by requiring you to have more options on hand than before.

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5 Little Small Restaurant Management Techniques That Can Make Big Difference

restaurant management

Managing a small restaurant can feel like a big job because of all the moving parts that you have to think about. Between maintaining customer satisfaction during high volume times, keeping labor numbers from going passed the maximum, and dealing with issues that come with food preparation and storage, there is a lot to handle.

As a member of restaurant management, you want to keep both your employees and your customers happy to ensure the best working environment possible. This requires interpersonal skills that don’t always come easy to people.

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5 Things to Avoid With Menu Pricing Strategy

menu pricing strategy

Now that you’ve decided to open up your restaurant, you’ll have to determine pricing for all the delicious items you’ll sell to patrons. The right menu pricing strategy is essential for attracting customers and establishing a reliable client base. It may be helpful to have a restaurant consulting specialist and bar consultant on your side when you’re setting prices for your foods and beverages since your prices have a direct effect on your profits. Here are some helpful tips that will teach you what to avoid when establishing the best menu prices for your eatery.

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The Need to Know Guide on Restaurant Expansion for Restaurants

Is your restaurant doing well and you feel like you are ready to expand your business, but not sure how? They are a lot of ways that you can do it and here at MBB Management we can help you develop a surefire plan for success.

Check out this Need to Know Guide on Restaurant Expansion for Restaurants.

Make It a Part of Your Business Plan

First things first, any plans for expansion should be thought through and put into your business plan even before you open your restaurant.

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Is Restaurant Franchising On the Rise In 2019?

Have you been considering getting into the restaurant franchise business, but not sure if this is the right time to do it? Is restaurant franchising on the rise in 2019? Are you primed for success?

According to the International Franchise Association’s latest report which was in 2018, the overall franchise industry is expected to continue to do well all throughout 2019. They projected that the number of franchise establishment would increase by 2.6 percent this year. And all signs so far point to a successful year not only for all franchises, but restaurant franchises in particular.

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How Can We Help You?

MBB has the tools and experience to set your business up for success.

Contact us to set up an introductory meeting.