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Business & Financial continued

Displaying Matches 97 thru 120 of 170 Found.  BACK NEXT

How to Manage Your Restaurant's Cash Flow
by Jim Laube
How to Manage Your Restaurant's Cash Flow Even operations that are profitable are not immune from occasional cash deficits and can unexpectedly find themselves scampering to cover a potential bank overdraft situation. See how you can protect your business from getting into cash flow problems in the first place and how to get a handle on what your cash situation is likely to be weeks and even months down the road. . . . more >>


Management Bonus Plans That Work
by Chris Tripoli
Management Bonus Plans That WorkWant your managers to think and act more like owners? Tie more of their compensation to actual results. Here's a look at the management incentive plan process that examines why some work and others don't. Learn what types of plans work best and support both the short term and long term well-being of your business. . . . more >>


DOWNLOAD: Weekly Planning Guide Template
DOWNLOAD: Weekly Planning Guide TemplateCarrying out your restaurant's annual plan is done one week at a time. Managers who excel in weekly planning tend to be more knowledgeable of unit profitability and shift preparedness. Use this template as a guide to create your own weekly agenda form. . . . more >>


How Low Can You Go? Winning the Menu Pricing Game
by Dave Pavesic
How Low Can You Go? Winning the Menu Pricing Game There are numerous factors to be considered when setting menu prices; some involve the costs associated with the item, but you cannot base your pricing solely on cost. The author offers some major pointers to heed when determining the lower end of the pricing continuum. . . . more >>


WEBCAST: State of Your Restaurant Survey Results - How RO.com Members Are Fighting Back at the Current Recession
WEBCAST: State of Your Restaurant Survey Results - How RO.com Members Are Fighting Back at the Current RecessionIn August, RO.com conducted a survey to find out how the recession is affecting independent restaurants and what operators are doing differently to survive in this tough economic climate. Jim Laube reports on how operators are adapting and what many have done to not only survive but achieve sales and profit improvements in 2009. . . . more >>


DOWNLOAD: Rent Reduction Request Letter
DOWNLOAD: Rent Reduction Request LetterHaving a hard time paying your rent? It may be time to talk to your landlord for relief. As demand for lease space softens, national chains as well as independents are obtaining rent reductions of 10%, 20% and even more. Use this template to notify your landlord, make your case and set the tone for a successful outcome. . . . more >>


The Restaurant Owner's Financial Management Scorecard
by Jim Laube
The Restaurant Owner's Financial Management ScorecardNo unhappy guests is always JOB ONE but, a restaurant that's regularly filled with happy customers isn't necessarily a successful one. It's got to make money, too. Find out how well you're paying attention to the financial side of your restaurant. . . . more >>


DOWNLOAD: Catering Agreement Template
It's important to communicate your catering bids and proposals in a professional, clear and organized manner. The Catering Proposal template includes a cover letter, proposal form and a quick catering/event agreement which are referred to as your restaurant's "Catering Policies." . . . more >>


How to Organize & Maintain Your Restaurant's Employee Files
by Emily Durham
You can't afford to have a slip-shod, unorganized employee record-keeping & filing system. Employment laws & potential legal exposure can mean serious damages to employers who don't maintain complete and up-to-date information on every person working at your restaurant. This article describes the key points of an effective employee file system for your restaurant. . . . more >>


Break-Even: It's Like Having Your Own Financial Crystal Ball
by Jim Laube
Break-Even: It's Like Having Your Own Financial Crystal BallOne of my sharpest restaurant clients, nearly aways knew what his monthly net income would be for each of his three restaurants before he saw the P&L. Using a simple break-even approach, he could accurately estimate his profit just by knowing each restaurant's sales volume. Here's how he did it. . . . more >>


If It Walks Like a Franchise and Talks Like a Franchise... The Dangers of Hidden Franchises and How to Avoid Them
by Wayne Bunch, Esq.
If It Walks Like a Franchise and Talks Like a Franchise... The Dangers of Hidden Franchises and How to Avoid Them Do you know when your business arrangement actually contains all the elements to be considered a franchise relationship? Regardless of what the agreement is called or the pretexts it was drawn under, you could mistakenly enter into a franchising settlement that is governed by the FTC Franchise Rule. Learn how to avoid the legal pitfalls of the "accidental" or "unintended" franchise. . . . more >>


WEBCAST: How to Protect Your Restaurant From Theft & Fraud
WEBCAST: How to Protect Your Restaurant From Theft & FraudThe struggling economy is bringing another threat for small businesses - rising employee fraud. Restaurants are always prime targets for fraud & theft and now may be even more so. You've got what thieves want; food, liquor &, of course, CASH. This multimedia program will give you practical, easy to implement controls and procedures to protect your business. . . . more >>


AUDIO: The Crack Cocaine of Restaurant Marketing - How Coupons Can Destroy Your Restaurant & What To Do Instead
AUDIO: The Crack Cocaine of Restaurant Marketing - How Coupons Can Destroy Your Restaurant & What To Do InsteadAs the economy slows many operators are tempted to lure in more guests with discounts. DON'T DO IT! There is a big difference between serving more customers and making more profit. Learn why discounting can be hazardous to your restaurant's health and what to do instead. . . . more >>


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 >>


Displaying Matches 97 thru 120 of 170 Found BACK NEXT

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