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Definition of revenue growth strategies

Les Roches

The focus is on ide­ntifying and capitalizing on new growth opportunities within the curre­nt customer base as well as attracting ne­w customers. Key areas of improve­ment include sales, marke­ting, customer service and product offe­rings, with the ultimate goal of maximizing revenues in all possible areas.

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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

Why Prime Costs Matter in the Restaurant Business The significance of prime costs lies in their comprehensive representation of direct expenses associated with both the production of culinary offerings and the workforce essential to their creation. Controlling them effectively can significantly impact your bottom line.

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Labor Cost Percentage for Restaurants: The Ins and Outs

Synergy Suite

You can determine labor cost percentage per day, week, month, or even year with a simple formula. Here’s another example with real numbers: If your restaurant paid employees $4,000 in a week and brought in $10,000 in revenue, a labor cost percentage calculation would be as follows: 4,000/10,000=.4

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MRM Research Roundup: Mid-December 2019 Edition

Modern Restaurant Management

November and December purchases typically account for upwards of 50 percent of annual gift cards sales. While gift cards account for 6.3 Verbal skills, customer service and multi-tasking are the top 3 skills needed to work in the events industry. "The Global food prices are rising worldwide. percent at hotels.

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