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Business & Financial continued

Displaying Matches 1 thru 24 of 168 Found.   NEXT

DOWNLOAD: Customer Count Tracking Template
DOWNLOAD: Customer Count Tracking TemplateThe Customer Count Tracking template is a great tool for forecasting sales, estimating labor needs, and setting prep levels. This easy to use Microsoft Excel form is ready for use. . . . more >>


Understanding the Implications of 'Service Charge' versus 'Tip'
by Doug Duerr, Esq.
Understanding the Implications of 'Service Charge' versus 'Tip'Why the IRS and Labor Department care if a tip is really a service charge(and why you should, too). Although the new rules were announced in June 2012, implementation was delayed until this year because of the resulting confusion and potentially negative effects. Starting in 2014, the IRS began enforcing the new rules on what is a "service charge" and what is a "tip." Here's some important details that will hopefully eliminate any confusion. . . . more >>


How to Turn Your Good Restaurant into a Great Business
by Jim Laube
How to Turn Your Good Restaurant into a Great BusinessMany people who open an independent restaurant don't fully understand the role they should playing as the owner. They're convinced that rolling up their sleeves and "running the restaurant" will lead to restaurant success, when in reality, this mindset is often the fatal flaw behind many underperforming or failed independent operations. Find out what independent restaurant owners SHOULD be doing instead. . . . more >>


DOWNLOAD: Daily Sales Report Templates
DOWNLOAD: Daily Sales Report TemplatesSpreadsheet templates to record daily sales transactions. Includes fields to record sales, deposits, discounts & comps and paid-out detail. . . . more >>


How to Assess Whether Delivery Service Is Right for Your Restaurant
How to Assess Whether Delivery Service Is Right for Your RestaurantDo you want to deliver? For restaurants with a strong carryout program, the question is almost inescapable. Are you there yet? Delivery is not for all, nor is it a one-size-fits-all, to be sure, but with some thorough research, price calculations and other considerations, there is a way to determine its potential profitability, not just possibility. . . . more >>


Success Focus Video: Why Chains Are More Profitable Than Independents
Success Focus Video: Why Chains Are More Profitable Than IndependentsWhile there are many differences between chain and independent restaurants, one of the most profound is how much money they make. This is primarily due to one key factor: systems. . . . more >>


Success Focus Video: Your Most Important Customer
Success Focus Video: Your Most Important CustomerAsk a restaurant owner who their most important customer is and they will probably respond by naming a big-spending regular, or a local business that calls in large catering orders. However, your most important customer probably hasn't even seen your restaurant yet. Your most important customer is the person who will eventually buy your business. . . . more >>


DOWNLOAD: Menu & Recipe Cost Spreadsheet Template
DOWNLOAD: Menu & Recipe Cost Spreadsheet TemplateKnowing what each of your menu items costs to prepare is one of the most basic yet overlooked aspects of running a profitable restaurant. This comprehensive spreadsheet template will give you an easy-to-use tool to calculate and maintain the current cost of your menu and recipes. . . . more >>


Success Focus Video: How Our Members are Cutting Their Costs and Improving Profits
Success Focus Video: How Our Members are Cutting Their Costs and Improving ProfitsAsk most operators how they plan to improve their profitability and they will likely refer to promotions, marketing, or social media. While activities like these which increase sales can certainly improve your profitability, usually the quickest and easiest way to improve your bottom line is to re-evaluate your expenses. . . . more >>


Success Focus Video: Restaurant Economics 101 - What Everyone on Your Staff Should Know
Success Focus Video: Restaurant Economics 101 - What Everyone on Your Staff Should KnowYour employees are clueless about how much it costs to operate your restaurant. In fact, most of your employees assume you're making a killing! Ask your employees one simple question: "Out of every dollar in sales that comes into this restaurant, how much does the owner get to keep?" . . . more >>


DOWNLOAD: Daily Sales & Receipts
DOWNLOAD: Daily Sales & ReceiptsUse this form to record your daily sales, receipts, deposits and other DSR numbers for easy entry into your accounting system. This form also simplifies the bank reconciliation process by breaking out credit card deposits by day and type and. . . . more >>


DOWNLOAD: 4-Week Periods for 2014 to 2017
DOWNLOAD: 4-Week Periods for 2014 to 2017If you want to convert to a 4-week, 13 period reporting cycle, now is the time to get ready. This series of Excel worksheets breaks down years 2014 to 2017 into 4-week periods beginning on the last Monday in 2013. . . . more >>


Success Focus Video: Don't Get Burned By a Bad Bookkeeper
Success Focus Video: Don't Get Burned By a Bad BookkeeperOver the years we've seen more than just a few independent restaurant owners get stung, sometimes very badly by shoddy bookkeeping practices. Find out how to get a quick read on what kind of bookkeeper you have. . . . more >>


DOWNLOAD: Annual Restaurant Budget Worksheets
DOWNLOAD: Annual Restaurant Budget WorksheetsHow will your restaurant perform in 2014? Studies show that companies who prepare annual operating budgets are more successful than those who don't. Use this budget worksheet to quickly prepare your annual financial plan to give you and your staff specific, measurable goals throughout the coming year. . . . more >>


DOWNLOAD: Restaurant Mission Statement Worksheet
DOWNLOAD: Restaurant Mission Statement WorksheetThe right mission statement, properly used, can be one of the most powerful ingredients in creating and sustaining success. For many companies it's an invaluable tool in providing direction, focus and consistency throughout their organization. Use this worksheet for crafting or improving your mission. . . . more >>


WEBCAST: What Every Restaurant Owner & Manager Should Know About Prime Cost
WEBCAST: What Every Restaurant Owner & Manager Should Know About Prime CostPrime cost (food, beverage & labor) consumes in excess of 60% of sales in most restaurants. They are your largest and most volatile costs. Without good Prime Cost controls even high volume restaurants can have profitability problems. Learn how tracking your prime cost every week can significantly boost your profitability and how to do it easily and efficiently with our Prime Cost Worksheet. . . . more >>


Restaurant Rules of Thumb: How Does Your Operation Measure Up to Industry Averages & Standards?
by Jim Laube
Restaurant Rules of Thumb: How Does Your Operation Measure Up to Industry Averages & Standards?A review of several key restaurant industry startup, financial & operational metrics that have proven to be reliable measurements over time. A handy guide for operators planning changes or assessing how they compare to industry averages & standards. . . . more >>


Success Focus Video: How Much Money Should Your Restaurant Be Making?
Success Focus Video: How Much Money Should Your Restaurant Be Making?Are you generating enough sales to have any hope of making a profit? Are you making as much profit as you should given your sales volume? Find out now in this short video. . . . more >>


How to Manage Your Restaurant's Critical Numbers and Avoid Financial Loose Ends
by Chris Tripoli and Jim Laube
How to Manage Your Restaurant's Critical Numbers and Avoid Financial Loose EndsToo many owner/operators are not tracking sales accurately, not posting costs by category correctly, and/or vewing a cash balance at the end of the month as profit. In this article, we discuss how to setup and interpret your financial reports to help you identify how your restaurant is really performing. . . . more >>


Four Things Every Independent Operator Should Know About Restaurant Numbers
by Jim Laube
Four Things Every Independent Operator Should Know About Restaurant NumbersIn this article we review some important financial concepts that are particularly relevant in the current economic environment. If you keep these four items in mind as you manage your restaurant's finances, you'll be in much better control of your business. . . . more >>


DOWNLOAD: Restaurant P&L Trend Analysis
DOWNLOAD: Restaurant P&L Trend AnalysisA Profit & Loss Statement Statement is one of the most important financial tools that a restaurant owner has but is of limited value when only a single month is viewed. Using the P&L Trend Analysis Worksheet will greatly enhance your understanding of what's actually going on in your restaurant by comparing current percentages and per guest ratios to prior periods and the same month or period last year. . . . more >>


Restaurant Management Agreements: The Advantages and Pitfalls
by David T. Denney
Restaurant Management Agreements: The Advantages and PitfallsManagement agreements can be effective tools in streamlining restaurant operations. They can cover everything, including clearly stated, detailed responsibilities for employee matters. They can also create pitfalls for the unwitting. Here's how to harness their upside and sidestep their downside. . . . more >>


Selling Your Restaurant: How to Find & Work With the Right Broker
by Allison Wollam
Selling Your Restaurant: How to Find & Work With the Right BrokerUltimately, you make money in the restaurant business by building a great concept and following and selling the business to an operator who wants to step into a successful business with a history of success. Whether that is your end game for retirement or a steppingstone to your next big project, you need to think about that day. . . . more >>


WEBCAST: Selling Your Restaurant - What You Need to Know to Attract Serious Buyers & Get Top Price
WEBCAST: Selling Your Restaurant - What You Need to Know to Attract Serious Buyers & Get Top PriceSelling your restaurant may one day provide you with the chance to have the biggest payday of your life. You need to know what to expect and how to position your restaurant as a desirable business opportunity long before you decide to put it on the market. Learn what the restaurant selling process is all about from one of the top pros in the industry. . . . more >>


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