One of your top employees is seeking a new challenge to rise to? That means Opportunity. You’re sitting on a temporary monetary surplus? Opportunity. Your kitchen is underutilized and operates only a few hours a day or only during the tourist season? Opportunity. An acquaintance offers you the chance to invest in a new project? Opportunity. Operating and growing a restaurant entails having to meet the challenge of hiring and retaining qualified staff, fine-tuning the logistics of perishables, and other supplies, adjusting to shifting consumer trends, and implementing innovative information technologies. The day-to-day management of a restaurant is extremely demanding; competition and climate pressures are numerous and sudden. Unfortunately, the heavy burden of daily operations management pulls the manager’s attention away from longer-term strategic issues, such as diversifying one’s sources of revenue. Managers should consider taking more time for strategic thinking! Yet, revenue diversification is a question of survival. The…
What is a virtual restaurant (aka virtual kitchen)? Virtual restaurants take orders through online apps (like Uber Eats, Grubhub, and Skip the Dishes) and prepare food exclusively for…
While great food and service are paramount to your restaurant or foodservice operation’s success, the third link is having a restaurant design that works. Not only does your…
Topper’s Pizza, the beloved Northern Ontario pizza chain, is in the process of expanding across Ontario, with six new locations in the province. The newest Thunder Bay pizzeria…
Selling retail and promotional items can help your company in many ways. It can help you enhance and strengthen your brand image, as well as bring in more…
Given the strength of sales in June, July and September, foodservice sales ended the year on a stronger-than-expected note. According to Restaurants Canada’s latest long term forecast, commercial…
Developing the franchise model for your restaurant As you develop your franchise model or system, or more specifically the precise model which you intend to build out as…
Items to consider before franchising your restaurant Franchise lawyers regularly get calls from business owners who are considering taking the step of franchising for the first time, and…
There are certain times of the year where business is relatively slow, and for some restaurants, the winter months are dreadful. These slowdown periods are a common cause…