At some point in our lives, we’re sure that there’s a moment where you’ve wanted to own your own restaurant. There’s a certain appeal to seeing your customers eat the food you conceptualized and being served with the utmost care. It’s easy mouthing the words “start my own restaurant” but the difficulty penetrating this space […]
Monthly Archives: September 2021
11 Pricing Strategies for Restaurants To Increase Profits
The restaurant business is fairly straightforward – you make money from the food you sell. So unless you have priced your restaurant menu smartly, it is quite difficult to make a healthy profit. Most wannabe restaurateurs feel pricing a menu doesn’t need a deep understanding of costing and instead go with gut feel, approximation, and […]
[Guest Post] The Power of SaaS In The Food and Beverages Industry
The food and beverage sector hasn’t always been a tech-driven industry, but that’s starting to change. Mounting competition and recent disruptions have driven food and beverage companies to innovate, pushing the industry to rely on new digital technologies. Software-as-a-service (SaaS) solutions have led this innovation. Food and beverage businesses have traditionally lagged behind others in […]
How To Manage Your Restaurant Back of House
However ‘difficult to succeed’ people may refer to the restaurant industry as, the numbers don’t lie. As of 2020, the restaurant industry employed 11.26 million people in the US alone. It clearly shows that despite the challenges posed by the restaurant industry, a lot of people still enter it with the intent to start a […]
7 Innovative Restaurant Ideas for 2021
In 2020, 110,000 eating and drinking establishments closed their operations in the United States due to the pandemic. In addition, 87% of surveyed restaurants reported an average 36% drop in revenue (source). While the worst phase of the pandemic appears to be over, restaurants should have a fresh look at their marketing foundation and follow […]