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

7 Shifts

Looking at each of them individually, here are simple ways to reduce your expenses for each cost category: Labor Your team is the backbone of your restaurant and your greatest asset, but is also typically your greatest cost. Have certain costs been reduced? Is there still more work to be done? Did you learn anything surprising?

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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

Understanding and managing indirect costs is crucial for restaurateurs as they play a pivotal role in determining the overall financial health and profitability of the establishment. These costs are typically fixed and recurrent, and they contribute to the restaurant’s overall operating expenses.

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10 Effective Cost-Saving Strategies for Hotels

Revenue Hub

Competitive advantage: Cost control can also provide hotels with a competitive advantage. By reducing costs, hotels can offer better rates to guests, enabling them to better position themselves to budget-conscious travellers. This can help hotels attract more guests and compete more effectively with other hotels in the area.