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

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

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, Tips for owners, Hospitality career advice

How to get back into the training groove in the new year!

Posted by Doug Radkey on Jan 11, 2019 11:30:00 AM

Another year has passed us by. It’s time to reflect and make even greater improvements in your restaurant, bar, cafe, or hospitality business. Whether you believe in developing resolutions or not, your mindset for the upcoming year needs to be about “determination”.

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Topics: Tips for hospitality managers, Tips for owners, HR for hospitality venues, Hospitality operations

How to conduct restaurant employee reviews

Posted by Anna Dolce on Jan 7, 2019 4:30:00 PM

Employee reviews: managers dread them as much as employees do.

Despite this aversion, reviews are an integral part of building your team, whether you’re a company of 2 or 20,000.

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Topics: Tips for hospitality managers, Tips for owners, HR for hospitality venues, Hospitality operations

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