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How to Drastically Cut Expenses in Your Restaurant (and Stay Profitable During COVID-19)

7 Shifts

Please note thought: this article is meant to provide information only and is not a substitute for any professional advice you may receive from an accountant, lawyer, HR, or other professional. Have certain costs been reduced? However, it is often overlooked by restaurateurs as a source of optimization. Good luck!

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10 Effective Cost-Saving Strategies for Hotels

Revenue Hub

Looking at unusual expenses, scrutinizing purchases and reviewing each line item can reveal opportunities for cost reductions, including small savings that can accrue over time. Going Green Green initiatives at hotels not only have environmental benefits but can also lead to long-term cost savings.

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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

Understanding and managing prime costs is vital for several reasons: Profitability: Prime costs, comprising both the cost of goods sold (COGS) and labor expenses, typically account for the largest portion of a restaurant’s expenses. Be prepared to adjust your calculations to account for seasonal fluctuations.