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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. If you change or restrict your staffing needs, then you will be able to reduce costs by nature of your service concept. Good luck!

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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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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. Therefore, our hotel consultants recommend following these crucial steps: Research the current market prices for the products and services you require.