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Business & Financial continued

Displaying Matches 97 thru 120 of 168 Found.  BACK NEXT

How to Manage Your Restaurant's Opening Budget
by Chris Tripoli
How to Manage Your Restaurant's Opening BudgetRestaurant Economics: How restaurant operators can schedule and manage the initial budgeting process with more success and less pain. This article looks at how two restaurant concepts determined the amount of money needed and how they managed the preopening process. . . . more >>

DOWNLOAD: Restaurant Internal Control Checklist
DOWNLOAD: Restaurant Internal Control ChecklistIndependent restaurants lose lots of money due to fraud & theft often because of poor or non-existent internal controls. Improve your controls & reduce your exposure to losses by implementing these essential restaurant internal controls in the areas of cash, purchasing, payroll and accounting. . . . more >>

How to Find Investors & Raise Startup Capital for Your First Restaurant
by Joe Erickson
How to Find Investors & Raise Startup Capital for Your First RestaurantIf you have a restaurant concept that will cost hundreds of thousands of dollars to open, then chances are you'll need more capital than what a bank is willing to loan you. The logical alternative is to find an investment partner for your restaurant that believes in your chances for success and wants to be a part of it . . . more >>

Seven Characteristics of Successful Restaurant Franchise Companies
by Wayne Bunch
Seven Characteristics of Successful Restaurant Franchise CompaniesDoes your restaurant concept have what it takes to be the next franchise to become a household name? Visions of Subway® and McDonalds® come to mind. An experienced franchisor and franchise attorney explain what it takes to break into these ranks. . . . more >>

Why Chain Restaurants Use a Four Week Accounting Period (& why your restaurant should too)
by Jim Laube
Why Chain Restaurants Use a Four Week Accounting Period (& why your restaurant should too)There are inherent shortcomings in examining monthly restaurant P&Ls, so much so that every chain operator I know will not even consider preparing their financial statements on a monthly cycle. Learn why & what you can do instead. . . . more >>

Eight Ways to Survive a Struggling Economy
by Joe Erickson
Eight Ways to Survive a Struggling EconomyWant to be successful even as others are struggling? Here are some ideas that will help you to not only survive the current economic turmoil but grow your business no matter what the economy does . . . more >>

How to Manage the Life Cycle of Your Restaurant
by Chris Tripoli and Pat Morris
How to Manage the Life Cycle of Your RestaurantNow that your startup restaurant is open, are you ready to manage the various transitions you will encounter? Like all businesses, your restaurant has a life cycle that has several phases. Taking a proactive approach to managing that cycle can help ensure long term success. . . . 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 >>

DOWNLOAD: Daily Sales Plus Labor Summary
DOWNLOAD: Daily Sales Plus Labor SummaryMonitor your daily and weekly labor expenses as compared to sales and to labor targets that you choose. A very powerful tool for controlling one of your biggest costs. Choose between Full Service and Quick Service formats. . . . more >>

DOWNLOAD: Weekly Cash Flow Worksheet
Even if your restaurant is profitable, your cash balance ebbs and flows. It's no fun having to scramble for the cash to make payroll. Use this simple but highly useful worksheet to better anticipate and respond to your constantly changing cash position. . . . more >>

WEBCAST: Restaurant Franchising - How to Determine If Franchising Is the Right Way To Grow YOUR Business
Listen as franching attorney, Wayne Bunch and industry veteran, Jay Goldstein, reveal what you need to know and consider to properly evaluate whether franchising might be a sensible growth vehicle for you and your concept. . . . more >>

DOWNLOAD: Restaurant Gift Certificate Tracking Form
DOWNLOAD: Restaurant Gift Certificate Tracking FormManaging outstanding gift certificates for your restaurant can be a daunting task if you don't have a system in place. This spreadsheet form helps you track the certificates you sell, including amounts issued, redeemed, and remaining balances . . . more >>

Use Quickbooks Memorized P&L Reports for 4 Week Accounting Periods
by John Nessel
If you use Quickbooks and are on a 4-week reporting cycle, learn how to set up your accounting period dates to get any period's reports quickly and easily. . . . more >>

Tip Reporting 101
by John Nessel
Tip Reporting 101As if the restaurant business was not hard enough, complying with IRS tip reporting rules is one of the most difficult and annoying tasks facing restauranteurs! This is truer today than a decade ago as the IRS is accelerating its efforts to capture previously lost revenue in the form of income and FICA tax. As a restaurant owner you should therefore be aware of your responsibilities regarding the reporting of your employee's tips. . . . more >>

DOWNLOAD: Server/Cashier Checkout Sheet
Poor checkout procedures often lead to more theft and other cash recording problems. Use the Checkout Sheet as a foundation for a more organized and secure checkout process. . . . more >>

How to Select the Right Insurance Coverage for Your Restaurant
by Steve Vicencia, CPCU
How to Select the Right Insurance Coverage for Your RestaurantShopping for restaurant insurance? Every restaurateur needs an insurance checklist to ensure he or she has adequate coverage. You should purchase insurance coverage with just as much or even more care than you select your meat, produce or other items . . . more >>

How to Jump into the Tip Pool Safely
by Doug Duerr, Esq.
How to Jump into the Tip Pool SafelyTip pooling has been in our industry for as long as we can remember. But does that mean it is for everyone? Moreover, if you currently utilize tip pooling in your restaurant, be sure it is set up correctly, or you could find yourself drowning in back pay and fines . . . more >>

DOWNLOAD: Restaurant Startup & Feasibility Model (Quick-Service version)
DOWNLOAD: Restaurant Startup & Feasibility Model (Quick-Service version)Whether you're planning to start 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 >>

DOWNLOAD: Payroll Hours Confirmation Log
Inaccurate payroll records can cost operators thousands of dollars in back pay, taxes, and fines. Use the Payroll Hours Confirmation Log as a tool to quickly identify and record payroll hours discrepancies. . . . more >>

DOWNLOAD: Restaurant Break-Even Calculation Worksheet
DOWNLOAD: Restaurant Break-Even Calculation WorksheetKnowing your restaurant's sales break-even point is one of the most important insights an operator can have. Use this break-even worksheet to quickly determine your sales break-even point based on your historical P&L numbers. . . . more >>

Poor Check-Out Procedures Make It Easy for Employees to Steal
Poor Check-Out Procedures Make It Easy for Employees to StealMost restaurants handle lots of cash and it ends up touching many hands. Solid check-out controls are a must to prevent your hard-earned dollars from ending up in the wrong pockets. Cashiers and bartenders, should never be allowed to take a register reading and . . . . . more >>

DOWNLOAD: Petty Cash Forms
While it's best to avoid paying cash for products and services, most restaurants find they're unavoidable at times. The best way to control cash payme . . . more >>

DOWNLOAD: Record Retention Guidelines
DOWNLOAD: Record Retention GuidelinesAll businesses must maintain books and records to provide back up and support for financial statements and state and federal tax returns as well as in potential legal proceedings. The Records Retention Guidelines offers guidance by providing a suggested time frame to maintain common business records. . . . more >>

DOWNLOAD: Restaurant Specific Chart of Accounts
DOWNLOAD: Restaurant Specific Chart of AccountsUsing a restaurant industry standard chart of accounts is one of the smartest things an independent operator can do. An industry standard chart of accounts will give you financial information in a much more useful format and enable you to compare your P&L numbers with other restaurants. Also included is a detailed Cost Coding Guide that will help you determine where nearly every type of cost you incur should be charged. . . . more >>

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