Whether a restaurant is new or already established, running its daily operations without any hitch is definitely daunting for any restaurateur.
The everyday tasks most often include:
- Recruiting staff and their management
- Handling marketing activities
- Running daily chores
- Keeping track of inventory
- Maintaining audits and financial records
- Meeting (or exceeding) customer expectations
With their own restaurant website, restaurateurs have the responsibility of handling the digital space and fulfilling online orders as well.
This blog has outlined tips and tactics that restaurant owners can follow to succeed in the business,keep innovating and enhance restaurant operations.
Instead of confining oneself to time-tested restaurant management tips, restaurants can try and implement path-breaking new trends.
Want To Run Your Restaurant at Full Speed?
- Use a restaurant Point Of Sale (POS) to stay versatile under any circumstance.
- Allow guests to order and pay using QR codes. This will reduce waiting time and friction during transactions.
- Sync the restaurant’s menu with that of major food delivery apps
- Offer customers a friction-free unified payment experience permitting them to pay the way they wish to.
- Utilize an intuitive and responsive POS system that enables the front-house staff to manage operations with ease.
- Keep track of the inventory using automation mode or ingredient management tools.
- Orient the staff about using built-in hospitality tools that are easy and quick to learn and operate.
- Consistently access and analyze customer data to increase profits.
Tips For Successful Restaurant Management
- Deal with customer feedback or complaints on a war footing, thereby, encouraging their return visits.
- Meet the job expectations of the staff and ensure they contribute their optimum to the growth and development of the restaurant
- Make optimal use of sophisticated advertising modes to secure maximum exposure for the business.
- Always monitor revenue and expenses to ensure that the restaurant is not incurring losses.
- Implement special promotions, menu changes, catering services, entertainment, etc.
Other Important Tips Include:
Advertising The Restaurant
Restaurants must always look for ways to advertise the restaurant and make good use of opportunities to gain exposure. The most important aspect of this is to have an online presence – one’s own website and fill it with scintillating images of your food, an online menu, and the latest promotions. Social media platforms can also be used as an inexpensive mode to promote the restaurant.
Monitoring Cash Flow
Cash flow is the amount of money that is generated as revenue versus the amount of money that is being spent. Thiscash flow should be monitored consistently – without a break – on a daily, weekly, and monthly basis. Restaurant owners must have a basic understanding of restaurant finances to avoid any kind of financial risk.
Expanding Sales
When daily business review reports are generated, restaurant owners can build a history of their business. These reports will help analyze sales trends, payroll costs, increase or decrease in customer base, and also predict future sales. Sales can be expanded by setting foot in catering services and featuring promotions – like happy hours to prix fixe menus and much more.
Since the prices of ingredients keep fluctuating, make changes to the menu accordingly. Ensure that the price hike does not lead to you losing valuable customers. Always strive to help them receive value for their money.
Costs can be cut by using low-energy consuming bulbs, less water-flow faucets, or making necessary conservatory changes to the restaurant atmosphere. But, cost cutting must not reflect low quality in any manner. For example, chairs can be replaced with less expensive ones. But, customers must not find the furniture uncomfortable while dining.
Keep The Menu Pricing Up To Date
As far as the restaurant industry is concerned, the cost of ingredients keeps changing frequently. Due to this, the restaurant’s menu prices should constantly be updated.
But, a price increase is unlikely to be welcomed by regular customers. Instead, restaurants can remove menu items that are not churning expected profits and replace them with more profitable items. This shifts the focus of the customers from the price hike to the new offerings on the menu.
Restaurant Manager Tips – Best Ones To Know
Revamp The Menu On A Seasonal Basis
Having signature dishes is a great way to help customers identify you for those recipes. But, it is also essential to keep updating and reinventing. Changing the menu offerings according to the season lends a freshness quotient and also saves money as seasonal ingredients cost lesser. For example, peaches and zucchini can be added to salads during summer. During winter, Brussels sprouts and carrots can be integrated into an entree or a side dish.
Suggest Hosting Events
Restaurant owners can use their private or semi-private dining areas to host events for groups of eight or more people. Events can help restaurants generate additional sales and keep their calendars fully booked.
- Restaurants can give additional discounts to customers who rent their event spaces during weekdays.
- People who book parties within the first two months of the events program launch can be offered 10% off
- Send gift cards or exciting gifts to people who refer your space for events
If the restaurant already has an event program running, it must add a page to the website with images and the latest event information.
Simplify The Process of Tracking Sales And Inventory
Dealing with numbers relating to sales and inventory is often a daunting task for restaurant owners and managers. Apart from numbers relating to the two, they must also follow up with customer counts, payroll costs, and much more. This can be handled by using a Point-Of-Sale (POS) system. These digital systems allow managers to access data and work even on the go. Automating the process saves time and increases profit margin.
Experiment With Fun Promotions
Restaurants that make use of happy hours get a great opportunity to bring in more customers and greater sales.
Happy hours fall on weekdays between 4 and 7 PM making it ideal for people heading back from work to meet their colleagues or friends for a quick snack and drink before returning home.
Restaurants can create full-fledged happy hour menus or offer a few drinks or appetizers at discounted rates. Several restaurants have tasted success using special promotions like:
- Sporting Events
- Holidays
- Thematic promotions based on the city
- Seasons
- Pop-culture references
Pay Attention To Online Reviews
Restaurant owners must always be informed about the brand’s reputation.
Word Of Mouth and website reviews are highly influential factors when people choose a place for dine-in, takeaway, or delivery
A restaurant must knowhow to acquire and leverage positive reviews as they can have a lasting impact on its online presence. Always keep your Yelp, TripAdvisor, and Facebook page up to date, read every comment left by customers, and reply even to negative comments in a graceful manner. This will help enhance your brand perception and reputation.
This blog would have been a complete guide for restaurant owners looking for the best restaurant management practices. Get in touch with Restaurantify for more guidance on restaurant digital marketing and management.
Source: https://restaurantify.com/expert-tips-tactics-on-effective-restaurant-management/
Top Features your Restaurant Management System must includeDepleting orders, lesser staff to function, and negligible hope around, businesses are facing the toughest of the situations.
In the drastically changing technology-centric environment the processes have been changing from manual to automated.Restaurant owners nowadays are inclined towards next-gen technologies and mobile applications while the challenge in the process is often based on the management.
But, having the best in class food ordering system isn’t enough, you must have the required features included.Must-have features of a Restaurant Management System Every restaurant software development company must be having their list of preset features, but you might not feel all of them be a must-have!
Complete tracking of the sales data helps in making the right decisions and focusing on the financial aspects.
for instance, if you have a food listing on your restaurant website and some of the listed products have already been sold, you may not be able to remove the sold outs efficiently while following a manual process.
In the case of a smart food ordering system, it becomes easy to manage the inventory and understand what you require immediately.Quick Menu SetupOnce a system is live you might have to make changes in pricing, stocks, and anything displayed on the website.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
The growing market for cognitive solutions and increasing demand for brain training by next-generation tech-savvy population are contributing to the growth of the cognitive assessment and training market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1039Clinical trials in terms of application is expected to hold the largest market share in the cognitive assessment and training market during the forecast periodClinical trials are mainly used to identify, measure, or monitor cognitive impairments and cognitive changes.
The assessment of cognitive functions is an integral part of decision-making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain.
The market is expected to contribute the highest revenue for vendors offering clinical trials.Education vertical is expected to grow at the highest CAGR in the marketCognitive assessment solutions and services are used in the education vertical for screening prospective candidates for schools or colleges.
The leading cognitive assessment and training vendors for this vertical are Pearson Assessment and CogniFit.North America is expected to contribute to the largest market share and Asia-Pacific to grow at the highest CAGRNorth America is expected to hold the largest market share and to dominate the cognitive assessment and training market from 2016 to 2021, due to the increasing awareness among population about adopting medication for cognitive diseases.
The new generation in this region is more concerned toward the benefits of cognitive training, which is not just limited to patients with cognitive dysfunctions.
