Money Saving Ideas For Restaurants

Source: http://www.shiftnote.com/money-saving-ideas-for-restaurants/

Saving money has to be at the top of everyone’s todo list! And when you’re running a business, it’s especially important to run as efficiently as possible and save costs wherever you can so that you can maximize profits. However when you’re trying to please customers and employees a like, sometimes it’s hard to find ways to cut costs. Therefore I asked around the ShiftNote team, all of whom worked in the industry at some point in their lives, for money saving ideas for restaurants. I think we came up with a pretty helpful list!

Cross Train Your Employees
Cross training is a great way to not only save money, but help create happier employees. Cross training is the practice of teaching an employee to work more than one position within your business. For example, teaching a server to also host, or a busser to cook pizzas. This will give the management more flexibility when scheduling workers, and help employees overcome boredom and gain new skills. (more…)

By Alexandra|November 5th, 2013|Saving Tips for Resto|0 Comments

12 Smart Ways to Save More Money in Your Restaurant Today

Source: http://www.sullivision.com/node/101
By Jim Sullivan

There’s an old joke that’s sad, but true, about our industry:
Q: How do you make a small fortune in the restaurant business? A: Start with a large one.

Noted economist John Maynard Keynes said, “The engine that drives enterprise is not thrift, but profit.” True. But the other truth is that the hospitality industry is the only business I can think of where there are more ways to lose money than make money. (more…)

By Alexandra|September 26th, 2013|Saving Tips for Resto|0 Comments

Dining on a dime: 10 tips to save at restaurants

Source: www.dailyfinance.com/2013/07/09/save-money-dining-out-restaurants/

Eating out at restaurants can be an expensive habit or an economical one, depending on your expertise in the bargaining department. In an economy as annoyingly dismal as this one is, why spend any more money than you must?
Keep the following tips in mind the next time you’re in the mood to be wined and dined. (more…)

By Alexandra|September 11th, 2013|Saving Tips for Resto|0 Comments

12 Smart Ways to Save More Money in Your Restaurant Today

Source: http://www.sullivision.com/node/101

Teach everyone on your team Profitability 101. The first few pages in your training manuals, and the first topic covered live in your new employee Orientation or videos should be “Restaurant Economics 101”, even before “Guest Service”. Why would a server or cook understand the importance of suggestive selling or following recipes without first understanding the basics of gross versus net in our business? They first need CONTEXT to make their behavior coincide with your training objectives. Show them how expenses relates to revenue, explain how higher costs makes it harder to invest money in people and training. What’s the point of teaching service skills, selling skills or cost control if there’s no perspective to the Big Picture? (more…)

By Alexandra|August 29th, 2013|Saving Tips for Resto|0 Comments

Money Saving Tips for Restaurants

Source: http://www.shiftnote.com/money-saving-ideas-for-restaurants/Cross

Train Your Employees
Cross training is a great way to not only save money, but help create happier employees. Cross training is the practice of teaching an employee to work more than one position within your business. For example, teaching a server to also host, or a busser to cook pizzas. This will give the management more flexibility when scheduling workers, and help employees overcome boredom and gain new skills. (more…)

By Alexandra|August 19th, 2013|Saving Tips for Resto|0 Comments