Les Roches

JANUARY 11, 2024

Involving the sale­s team in that goal-setting also helps foster a se­nse of ownership and accountability and can help boost motivation too. Pricing strategies Inverse Couple Images/ Moment via Getty Images Did you know that, on average, large retailers change prices every three minutes ?

Definition 52

Definition Pricing Training Marketing 52

Synergy Suite

DECEMBER 5, 2023

From fluctuating food costs to ever-changing customer preferences, the restaurant industry is known for its volatility. To navigate this complex landscape successfully, restaurant owners need to be savvy not only in the culinary arts but also in financial management. ” What is the Break-Even Point?

Pricing 52

Pricing Budgeting Information Marketing 52

Synergy Suite

NOVEMBER 30, 2023

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.

Portion Control 52

Portion Control Scheduling Pricing Training 52

Synergy Suite

NOVEMBER 2, 2023

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

Scheduling 52

Scheduling Training Information Cost Reduction 52