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Welcome to the Typsy Blog

Increasing profit without increasing price

Posted by Mike Walmsley on Mar 15, 2019 3:00:00 PM

There is a delicate balance in food service when it comes to profit and menu pricing. Increasing prices too quickly could cause concern with your customers, while not increasing prices could cause issues with your business model. Don’t loose heart though! There are plenty of ways to increase profit without increasing the prices on your menus.

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Topics: Hospitality operations, Tips for hospitality managers, Menu advice, Tips for owners

7 tips for setting up food delivery for your restaurant

Posted by Alexia Carr on Mar 13, 2019 3:00:00 PM
Delivery service seems to be the way of the future when it comes to the restaurant business. It's estimated that the number of customers expecting food delivery as a standard customer service option will grow by 12% in the next five years. Even if these estimates are generous, it's clear that it is a growing market that restaurant owners should be aware of.
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Topics: Tips for hospitality managers, Customer service, Tips for owners

Understanding the basics of your business's financial health

Posted by Doug Radkey on Feb 13, 2019 3:15:00 PM

It is well known that there are some key ingredients to a successful restaurant; strategic planning (scalability & sustainability), flawless operating systems (consistency), marketing & customer experiences (being memorable), and finally; living in the moment (profitability).

First and foremost, restaurateurs need to remember that this is a business.

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Topics: Hospitality operations, Tips for hospitality managers, Tips for hoteliers, Tips for owners

New course: Profit and loss essentials with Nicolas Simon

Posted by Emily Marr on Feb 12, 2019 10:01:55 AM

Money: it's used by everyone to make sales and purchases across the globe. While this sounds like a big positive, for a hospitality business... money can make or break it. Like any business there are costs flying left, right and center which means staying on top of them all is a daily struggle.

But there's one simple tool that will help you stay on top of all your businesses finances (even the hidden ones!). That tool? The profit and loss statement.

 

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Topics: Hospitality operations, Tips for hospitality managers, Tips for owners, Typsy news

8 tips for hiring rockstar restaurant staff

Posted by Ana Cvetkovic on Jan 25, 2019 3:15:00 PM

The success of any business depends on its people. The people you hire to run your restaurant are going to make or break the longevity and profitability of your business. While tech-savviness, strong time management, and excellent interpersonal skills are desirable in any workplace, there is so much more to consider when hiring restaurant staff.

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Topics: HR for hospitality venues, Hospitality career advice, Tips for owners