Search Results for: recession

...a U.S. recession within the next year is at 26%. Nobody can predict the future, but recession or not, these 5 tips will create a
...and growth whether or not there’s a recession, restaurant owners and operators must move from an analog guessing game to a restaurant-specific platform that pulls punch data
...menu offerings to lower cost items and let them shine. Recession May Or May Not Be on The Horizon, But Restaurants Have Already Been Through
...real potential of a recession in 2023, operators have to be much more vigilant than in the past, explains Tony Smith, CEO of Restaurant365, a
...experience or uniqueness.” What people order The last big revolution in the restaurant industry was during the Great Recession between 2007 and 2009. Food trucks
...Jaime Oikle interviews Tony Smith, CEO and Co-founder of Restaurant365. Jaime and Tony discuss the state of the restaurant industry, touching on concerns about a
...Gifford said. READ ALSO: But I’m not a regular restaurant; I’m a cool restaurant 5 Strategies to Create A Recession-Proof Restaurant Eight Ways to Fill
...restaurant. But with restaurant industry turnover rate at a post-recession high of 75%, restaurateurs are crunched to maintain adequate staff. Some operators report the labor
...data-driven predictions of what might come, restaurant owners and operators must be ready for anything. Whether the possibility of a recession becomes reality is less
...be eliminated. “In a recessionary period where restaurant dollars per customer are shrinking, the simple fix of raising menu prices may not be an option.
...warning of a looming recession, tipping could fall again in 2023. The Changing Tip Culture There have been many changing trends in tipping culture in
...data to stay in communication with loyal customers and offer promotions for repeat business. Communicating directly builds relationships that will not be gained through a
...2008 recession, but the consistently low level of the funds rate between 2008 and 2022 looks like an anomaly given that the funds rate remained
...and a potential recession impact customer behavior, there’s a growing worry that delivery customers may become more price-sensitive, shifting the focus from convenience to cost.

Restaurant365 bridges the gap between accounting and operations by centralizing all data, helping restaurant operators to become more efficient, accurately forecast, and tackle any challenge or opportunity with speed and accuracy.