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☕ Today's MENU Restaurant Review brings you insights from Datassential's Top 500 report: 🌟 Operators are no longer on the defensive; they're strategizing and embracing game-changing technologies, fueled by a consistent demand for dining out. 💰 In 2022, a remarkable 91% of restaurant chains saw sales growth, with many expanding their locations. After two turbulent years, 2023 is shaping up to be a return to normalcy for many. 🙌 This resilience speaks volumes about the industry's dedication and adaptability. 🍽️ What aspect of the restaurant industry's journey excites you the most? Share your thoughts! Read more about the report here: https://lnkd.in/g4ThC56z

According to recent data from the National Restaurant Association: 📈 98% of operators say higher labor costs are an issue for their restaurant. 💲 97% of operators cite higher food costs. 📉 38% of operators say their restaurants were not profitable last year. At InsideTrack, we give you the visibility into your spend management so you can make informed decisions to address these challenges. By leveraging our innovative foodservice technology, you can gain insights into your labor and food costs, allowing you to identify areas for optimization and efficiency. Join InsideTrack today ➡ https://lnkd.in/gTWbJen

Why would you not want to save money with a structured program tailored for your business?

Something all should explore. InsideTrack can be one of your most valuable resources.

Unchecked high prime costs in the restaurant industry can lead to a range of detrimental consequences, including diminished profitability, weakened operational efficiency, and reduced capacity for growth. It's essential for restaurants to proactively manage and control these costs to ensure long-term success and sustainability. Dive into the 6 pivotal factors influencing restaurant prime costs and discover effective solutions. . . Stay ahead of the game. ➡️ Discover invaluable restaurant insights at @wisk.ai  Follow now! #CostControl #RestaurantFinances #ProfitMargins #PrimeCosts #GrowthStrategies #Wiskinsights

📈 Proactive Prime Cost Management: The Key to Restaurant Success

Restaurant CEO priorities are evolving, and it makes sense given how quickly the consumer and competitive landscape are shifting. Here, we round up ten learnings every CEO should review often to stay ahead. Much opportunity remains ahead for the foodservice industry. #restaurants #ceo #strategy

#RBFirm|FreeTips TOP (5) POWER OF NUMBERS EVERY SUCCESSFUL RESTAURANT LEVERAGES If you come across today's tips and you own or manage a Restaurant or even a smaller food business, PLEASE DON'T SCROLL. There's something that is bothering me, I will like every Restaurant Owner or Manager to explain to me. You can choose to use the comment section to make me understand, I really need help. How do you run your restaurant or food business without a good KNOWLEDGE and CONTROL of numbers at all? As a Restaurant Business Development Expert, I have remain very keen in asking after NUMBERS in most of my conversations with restaurant owners around the country and 7 out of 10 occasions, I wave my head in dismay. If you are at the point where you have to count before you can tell me the number of staff you have in your Restaurant, come on, don't you think you shouldn't be in food business? As a company, RBFirm, we currently restructure and have visited so many other brands on special invitations, *the results are the same. Restaurants under consistent growth have strong grip of these 5 NUMBERS! While the struggling brands are the same. There are 5 Restaurant numbers every restaurant owner must have, even if you don't fully understand what it takes to run a profitable successful Restaurant. Come Friday 24th , our Restaurant Costing and Revenue Management Training will give every Restaurant Owner in attendance the special OPPORTUNITY to learn the power of Restaurant NUMBERS... ...and how to acquire the level of grip you require to run a profitable successful restaurant. You will be doing yourself unimaginable good to Register and Join the program Now! #RBFirmNigeria #restaurantowners #restaurantsuccess #foodbusiness #food

Our first member-chosen Foodservice Planning Program study is…The State of Independent Restaurants. This study will explore the current state of the independent restaurant, covering such topics as operational challenges and trends, sourcing, unique needs, decision-making and key success factors. Find out from study author Lori Rakoczy how your team can benefit. Learn more about Planning Program: https://bit.ly/43AvJMf