Waiterio’s Take on Making Restaurant Operations Easier
At Waiterio, we’re committed to making life easier and more profitable for restaurateurs and those who aspire to own a hospitality business. That’s why we’ll continue to publish new iterations of our (-- removed HTML --) Restaurant Startup Guide for Aspiring Entrepreneurs (-- removed HTML --) . Our philosophy is simple - we offer a simple, effective and affordable POS system that takes credit and debit cards. It takes just a short time to train your staff to use the system, and they can even download the apps to their phones. That drastically reduces the costs of investing in equipment.
Along with easier and cheaper credit processing, our blog and this ebook are designed to offer tips and tricks that add value to starting and running a restaurant. We’re committed to exploring practical steps that restaurateurs can take to increase customer loyalty, attract new customers, manage daily operations and plan a comprehensive business strategy.
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The U.S. National Restaurant Association reports that the industry is expected to earn $799 billion or more in the United States. Revenue rose 4.3% between 2016 and 2017. The 90% failure rate is common knowledge that is wrong (-- removed HTML --) according to the NRA report. Restaurant POS trends include:
(-- removed HTML --) (-- removed HTML --) 81% or restaurants have an electronic cash register or POS system. (-- removed HTML --) (-- removed HTML --) About 53% of entrepreneurs believe that fast-ordering technology is essential to adopt within the next five years. (-- removed HTML --) (-- removed HTML --) 32% of restaurant owners feel that their technology lags behind the tech curve. (-- removed HTML --) (-- removed HTML --) Limited-service restaurant have adopted online ordering and mobile payments even faster than full-service restaurants. (-- removed HTML --) (-- removed HTML
“The shoppers now made 51% of their purchases on the web compared with 48% in 2015 and 47% in 2014”(Wall Street Journal)
The United States is nation dependent on restaurant industry, over the past 60 years the allocation of the family food dollar toward restaurants has grown from 25% in 1955 to 47% in 2012. Bubba Gump, a young restaurant company (founded in 1996), leveraged a brand based on the Forrest Gump movie (1994). Scott Barnett, President and CEO knew his brand would gain immediate recognition. In the highly competitive hospitality industry all restaurants are looking for the competitive advantage, capturing as much of the food dollar expense. In 2001, Mr. Barnett fully understood that most new brands must differentiate themselves from similar concepts by quality food, excellent customer service and consistency across all units. (Case study: Bubba Gump Shrimp Co. 2007) He facilitated a program centered on a “culture of care and concern for people”. It the late 1990’s, Bubba Gump was facing a management retention issue and was positioned for aggressive growth. The combination did not align. We will diagnose and provide an aligning strategy for reducing management and employee turnover, as well, specify career paths for management, empowering Bubba Gump Growth.
For the first time ever, the "Coop" is experiencing a decline in sales by 6% in 20 of 76 "Coop" restaurants even though the overall growth rate was steady for the chain. These same stores were carrying about 32% of the company's retail sales.
National Restaurant Association. 2013 Restaurant Industry Pocket Factbook. Rep. National Restaurant Association, 2013. Web. 30 Oct. 2014. .
Other restaurants insist on adopting the service first approach: A customer will be allowed to ...
The Puree. (2014, January 8). Restaurant Industry Trends for 2014. Retrieved May 10, 2014, from The Puree: http://thepuree.com/2014/01/08/restaurant-industry-trends/
An evaluation of the restaurant’s strengths, weaknesses, opportunities and threats served as the foundation for this marketing plan. The plan focuses on the restaurants marketing strategy, suggesting ways in which it can build on new customer relationships, and development of new food products and targeted to specific customer groups.
Based on sample representing more than 70 percent of all franchised units at the end of 2011, the number of franchised increased at a compound annual
· increase in the fast-casual segment that includes restaurants that offer deli sandwiches and more upscale meals with more comfortable surroundings but faster
...ded once they see that the sales will be increasing and tips will be larger. Good staff will increase good public relations which will result in better business. Marketing a restaurant is the most important part in running a restaurant. If a restaurant is not marketed, no one will know about the restaurant causing it to lose money to operate forcing it to close down. Prices on the menu should always be appealing to the restaurant target market and set towards the products on the menu. It is essential that a restaurant develops its staff to the fullest, for a strong staff creates better sales and the public is pleased .
The first step in any business is to think of or create a business idea. Without an idea, one cannot launch their business off the ground. A right direction is needed to create a business with a unique idea. However, other options include franchising or buying an existing business (1). Franchising allows an individual to run stores such as Burger King or McDonalds under the corporate name. It involves taking training classes and a heap of money in order to start a franchise. A Franchisee will have to buy products and services from the corporate entity they are franchising from, which is often required. Buying a franchise is like taking a piece of the pie from the company that is franchising and sharing that pie with everybody else. In addition having a franchise allows one to communicate and in essence become a big part of an added business opportunity (4). Franchising is far from easy to start and maintain for that matter. Starting a franchise involves a l...
32% of smartphone users made a $100 purchase 38% of tablet users made a $100+ purchase” (David, 2012)
38% of online shoppers in the UK said ease of returns/exchanges is an area requiring improvement,
Two of the males said that they enjoy eating fast food, compared with the ten of females who said the same response. Almost all everyone enjoy eating fast food. Males like McDonald’s, Hardees and KFC were 25%.On the other hand, females like McDonald are mostly were 31%. Both of genders chose those restaurants because of good service, which were 75%. Those who chose it for being cheap were 50%....
The Italian restaurant has had long term success due to the owner’s, Andy Garagallo, high level of confidence. He believes if he meets the customers’ food and relationship needs, they will come back again and again. His approach is working as the restaurant annually nets 30% profit as compared to the industry standard of 5-7%. Andy success comes from confidence, putting the customers first, being flexible, and consistency.