Have you been in this industry for long but are still struggling to increase your profits significantly. Listed below are some effective tips that allow restaurants to increase their profits manifold.
Adopt smart systems
Have you been employing individuals who are unable to handle the tables, inventory or front desk? Well, you should change and bring in efficient systems like point of sale software that allows you to keep track of your sales. There are several advantages of using this system, as not only will you be able to keep track of the inventory, as your accounts will be performed immediately. You can increase your efficiency by employing the best systems that keep track of all transactions on your business for you and allow you to work on new ideas.
Make customers your priority
Your customers ought to be your priority as it is not possible to earn profits without have a regular flow of customers. Create a website which has a copy of your restaurant’s printable menu. Also display offers and offer directions to customers who are new to the city and surroundings. Use technology like point of sale software to establish a strong bond with your customer. Not only will they be able to order easily, but also will be able to modify their orders smartly.
Reduce food cost
You can do this by using a descending dollar report, which means finding top 10 food items you offer that cost more than the rest. Once you have the list, you need to start looking for tips to maintain the quality and taste yet reduce the cost. Consult your distributors as they will be able to tell you if there are similar yet less expensive products. If there are other distributors who offer the same product at significantly lower rates, you can always switch to them.
Try storing in bulk as you will be able to get heavy discounts, if not try to increase your storage capacity. Since, food is your biggest expense you might be able to save a considerable sum by saving small sums initially.
Your employees are also one of the expenses you bear so turn them into one of your greatest assets. Yours staff represents your establishment, which is why it is necessary to train them and make them efficient, which in turn reflects on your restaurant’s image.
All employees should be trained, be they new or old as it sets out clear guidelines that need to be followed. Use incentives to make them work hard and keep them motivated. Unless you staff is happy working for you they will want to leave quickly and will not work efficiently, thus by appreciating their efforts you are giving them recognition and respect. It need not be very expensive, so plan it out according to your budget.