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Newsletter
Plan for Profitability with a Budget
Restaurant budgeting is crucial to the success of your business. Check out this video from The Restaurant Expert for a detailed look at why implementing a budget helps you plan for profitability. Be sure to talk with a Scott and Company Hospitality advisor for guidance on setting up a budget for your business. Why Restaurant Budgeting…
Thinking of Outsourcing Your Hotel Labor? Think Again.
One common method for cutting costs in the hospitality industry is to outsource a hotel’s staff. While this does generally result in cost savings, certain drawbacks may mean that outsourcing hotel labor is not the best choice, writes Larry Mogelonsky in a recent article for HospitalityNet. In what ways can outsourced labor be detrimental to…
Tips for Lowering Restaurant Food Costs
Restaurant managers tend to shift the blame for high food costs to their suppliers, while ignoring the fact that waste, brought on by mismanagement on their own end, is often a bigger contributor to this problem. In a recent article from The Restaurant Expert, David Peters offers some advice for reducing food cost via a…
Blog
Is Delivery Profitable?
Third-Party delivery is on the rise, but many restaurants are wondering if delivery services can be profitable. This article discusses the sophistications surrounding delivery in the restaurant industry. To view this article, click the following link to access the original content. https://www.restaurantbusinessonline.com/financing/delivery-grows-debate-rages-over-its-profitability
How Restaurants are Turning Tables in 2019
2018 was a turbulent year for the restaurant industry, but consumer demand and competition is expected to increase in 2019. This article discusses six trends that you keep watching in 2019. To view this article, click the following link to access the original content. https://www.restaurantdive.com/news/6-restaurant-trends-that-could-turn-tables-in-2019-1/545323/
Smart Retail is Booming
Smart technology is allowing retailers to mobilize their businesses and reduce operational costs. This article discusses three competitive advantages of using smart technology in your retail business. To view this article, click the following link to access the original content. https://www.forbes.com/sites/mypos/2019/01/24/a-smarter-way-to-do-retail/#7b5a30c11286