Posted in Cost Control, Direct Operating Costs, KPIs, Labour Costs, Management, tagged Accounting, Labour, Labour Costs, Minimum Wage, Operations, Pricing, Profitability, Restaurant Management, Value Proposition on June 19, 2017| Leave a Comment »
In my last post, I wrote about a study that predicts increases in the minimum wage will lead to significantly more restaurant closures. Clearly, many restaurants and bars are unable (or failed) to raise their prices in response to increases in the minimum wage, resulting in their ultimate demise. (more…)
Posted in Cost Control, Labour Costs, Management, tagged Bankruptcy, Labour, Minimum Wage, Operations on June 19, 2017| 2 Comments »
Posted in KPIs, Management, tagged Analysis, Atmosphere, Customer service, KPIs, Operations, POS, Profitability, Quality Control, Restaurant Management, Service standards, Value Proposition on June 18, 2017| 1 Comment »
Recently, I’ve been doing a lot of work implementing KPIs for restaurants and bars. For those of you who may not know, KPIs are Key Performance Indicators. Statistics, or metrics, about your business, that you can track to monitor your performance toward key objectives, such as profitability and growth. (more…)
