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Business & Financial continued

Displaying Matches 73 thru 96 of 173 Found.  FIRSTBACK NEXTLAST

Accounting Methods for Discounts and Comps
Accounting Methods for Discounts and CompsThe practice of discounting and the use of coupons has grown substantially in recent years and some operators have expanded their use of discounts and coupons to the point that discounted sales sometimes run well in excess of 10% of gross sales. As discount sales make up a larger portion of gross sales, how they are accounted for and reported on a restaurant's income statement can potentially affect how certain cost and margin levels are viewed and evaluated . . . more >>


The Best Way to Format Your Restaurant's P&L
by Jim Laube
The Best Way to Format Your Restaurant's P&LOne of most valuable tools and controls in any restaurant is your Profit & Loss Statement (P&L). Your P&L should tell you how well (or how bad) your restaurant is doing and if there are problems, where those problems are and how worried you should be. But not all P&L formats are created equal. Here's how your P&L should look like to get the most benefits. . . . more >>


WEBCAST: Restaurant Accounting for QuickBooks
WEBCAST: Restaurant Accounting for QuickBooksTips and Techniques for Using the Uniform System of Accounts with QuickBooks This is a hands-on demonstration on how to optimize your QuickBooks settings to use the Uniform System of Accounts for Restaurant and other helpful Quickbooks functions. . . . more >>


How to Determine If a Prime Vendor Program Is Right for Your Restaurant
By Lee Plotkin
How to Determine If a Prime Vendor Program Is Right for Your RestaurantSetting up a purchasing program that's a good fit for your concept is important in today's competitive marketplace, especially as costs continue to soar. This article examines strategies to effectively reduce costs without diminishing quality and service. . . . more >>


DOWNLOAD: Weekly Prime Cost Worksheets
DOWNLOAD: Weekly Prime Cost WorksheetsCalculating prime cost every week is one of the profitable activities any restaurant can do. If prime cost is too high it's VERY difficult for any restaurant to generate a profit. Our weekly prime cost worksheets make it easy to track and control your biggest and most volatile costs. . . . more >>


DOWNLOAD: Prime Cost Projection Worksheet
DOWNLOAD: Prime Cost Projection WorksheetThe Prime Cost Projection Worksheet is a tool that helps to estimate the prime cost for your existing or proposed restaurant. Use this tool when pricing your menu to see the affects that price changes will have on your overall profitability . . . more >>


10 Common Restaurant Startup Mistakes (and how to avoid them)
10 Common Restaurant Startup Mistakes (and how to avoid them)In any new business venture good decision-making is vital. Opening a new restaurant requires so many decisions that it's not hard to make some bloopers along the way. The key is not totally missing the mark on the really important issues that can make or break your chances for success. Here are 10 of the most common & potentially fatal missteps new owners make and what you can do to avoid making them. . . . more >>


Restaurant POS Survey
Restaurant POS Survey Selecting a POS system is one of the most critical decisions any restaurant operator makes. You can compare the ratings and gain an edge in picking your next POS by learning from the candid comments and first-hand experiences of more than 1500 RO.com members on nearly 100 of the top restaurant POS systems. . . . more >>


WEBCAST: Best Management Practices of Multi-Unit Restaurants
WEBCAST: Best Management Practices of Multi-Unit RestaurantsIn this webcast, Joe Erickson and Jim Laube show how multiunit restaurant operators are using their web-based tool - the Prime Cost Wizard - to improve their store communications, reduce food, beverage and labor cost, eliminate duplicate data entry and spreadsheet dependency, tighten up cash accountability and spot theft warning signs, and establish the seamless transfer of sales and purchase data to the home office accounting system. . . . more >>


Restaurant Catering: How to Create a Lucrative, New Profit Center for Your Business
by Amelia Levin
Restaurant Catering: How to Create a Lucrative, New Profit Center for Your BusinessAfter a hard-hitting recession prompted many restaurants to re-examine their cash flow and profit margins, finding ways to increase revenue without a large capital outlay makes adding catering to your restaurant seem like a good idea. This article will explore some of the catering challenges as well as opportunities. . . . more >>


Online Workshop: The Durbin Amendment Has Lowered Debit Card Fees - Who's Getting YOUR Savings, You or Your Processor?
Online Workshop: The Durbin Amendment Has Lowered Debit Card Fees - Who's Getting YOUR Savings, You or Your Processor?As a result of the Durbin Amendment, debit card interchange fees have been reduced by about half starting on October 1st. BUT don't expect those savings to be automatically reflect in your fees. Some processors are expected to keep the savings and not pass them on to merchants like you. Listen to this program to get these cost reductions passed on to YOU and NOT YOUR PROCESSOR! . . . more >>


ONLINE WORKSHOP: How to Account for Discounts & Comps
ONLINE WORKSHOP: How to Account for Discounts & CompsThe practice of discounting and couponing has grown substantially in many restaurants in recent years to the point that in some restaurants, discount transactions run as high as 10% of gross sales and even more. Learn how accounting for discounts can affect your numbers and the interpretation of your key costs and margins so you can make an informed decision about what method would work best in your restaurant. . . . more >>


DOWNLOAD: Multi-Unit Inspection Checklist
DOWNLOAD: Multi-Unit Inspection Checklist This template is a great tool for evaluating each of your restaurants for cleanliness, safety, R&M and operational excellence. This Microsoft Excel workbook can be used for both table service and QSR type restaurants, and easily be tailored to fit your unique operation. . . . more >>


WEBCAST: Menu and Recipe Costing Basics
WEBCAST: Menu and Recipe Costing BasicsView the recording of our 60-minute webcast workshop, using resources available in our Download Library. Presenters Jim Laube and Joe Erickson detail the step-by-step process for accurately calculating and maintaining up-to-date menu and recipe costs. . . . more >>


SPECIAL REPORT: The 10 Common Practices of Highly Successful Independent Restaurants
by Jim Laube
SPECIAL REPORT: The 10 Common Practices of Highly Successful Independent RestaurantsOne of the smartest ways to succeed in anything is to find out what the best are doing & then do it yourself. This Special Report examines 10 of the most common practices that many highly profitable restaurants engage in to produce exceptional results year after year. . . . more >>


DOWNLOAD: Purchase Existing Restaurant Checklist
DOWNLOAD: Purchase Existing Restaurant ChecklistBuying an established restaurant requires careful evaluation & consideration of a variety of facts and areas. This 99 point checklist will help guide you through the valuation, inspection, and change of ownership, when considering the purchase of an exisiting restaurant. . . . more >>


DOWNLOAD: Pizza Restaurant Business Plan Financial Model
DOWNLOAD: Pizza Restaurant Business Plan Financial ModelThis series of Excel worksheets specifically designed for pizza delivery & take-out restaurants will give you a complete and detailed tool to quickly consider the essential elements that impact the financial feasibility of a proposed restaurant and present it in your business plan in a straightforward, understandable and impactful format. . . . more >>


DOWNLOAD: Daily Voids Log Sheet
DOWNLOAD: Daily Voids Log SheetTheft prevention 101 - never let your bartenders, servers or cashiers void items after they have been rung up. It's ok to give them the ability to void (item correct) an item "while" they are in the process of ringing the check; however, once the check has been recorded (saved or printed) then only management should be allowed to perform a void function. . . . more >>


DOWNLOAD: Restaurant Startup & Feasibility Model (Tableservice version)
DOWNLOAD: Restaurant Startup & Feasibility Model (Tableservice version)Whether you're planning to open your first restaurant or add another location, analyzing the financial feasibility of the project is essential. These series of linked spreadsheets have been refined over several years on a wide variety and number of actual restaurant ventures and formal restaurant business plans. . . . more >>


Your Landlord Doesn't Want to Re-Lease Your Space: How to Renegotiate Your Lease
by Larry Green, Esq.
Your Landlord Doesn't Want to Re-Lease Your Space: How to Renegotiate Your Lease Well, things aren't looking good. Staff is at a minimum, inventory is threadbare, and marketing has gone down the drain. Revenue plots illustrate an ominous downhill turn for the worse. What do you do now? Relief must come from reduced expenditures, but there is little else you can cut without compromising your business. It might be time to renegotiate your lease with your landlord, and remember, your landlord is your business partner, not your adversary . . . more >>


DOWNLOAD: Confidentiality Agreement
DOWNLOAD: Confidentiality AgreementConfidentiality Agreements with employees are a must for every business, especially restaurants. Recipes, operating systems, policies and procedures are just some of the valuable information that deserves to be protected. Having a confidentiality agreement in place, is your first step to . . . . . more >>


What Every Restaurant Operator Should Know About Managing Cash Flow
For many restaurant owners one of the most perplexing and frustrating aspects of running their business is getting a handle on the ebbs and flows of their cash flow. All too often cash balances can be more than sufficient one week only to turn into a shortfall and potential overdraft situation the next . . . more >>


ONLINE SEMINAR: Restaurant Numbers - Understanding & Managing the Financial Side of Your Restaurant
ONLINE SEMINAR: Restaurant Numbers - Understanding & Managing the Financial Side of Your RestaurantSuccessful operators understand and know how to manage "the numbers" side of their business too. In Part 1 of our 5 part series you'll learn how to systematically and accurately assess the profit potential of any restaurant. . . . more >>


DOWNLOAD: Closing Your Restaurant Business Checklist
DOWNLOAD: Closing Your Restaurant Business ChecklistUnfortunately, some restaurants don't make it and at some point closing the doors may seem like the only option. Use this checklist to help you create a closing plan for the many tasks you'll encounter such as paying employees, filing your last tax reports, dealing with unpaid vendors, closing bank and credit card accounts, and evaluating bankruptcy options. . . . more >>


Displaying Matches 73 thru 96 of 173 Found FIRSTBACK NEXTLAST

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