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Multi-Unit Restaurants: 3 Ways to Measure Cannibalization

Posted by Dave Bennett on 4/19/17 3:41 PM

Change Happens...

Menu changes occur all the time in restaurants. Sometimes it is a price change; sometimes it is a limited time offer. There are lots of reasons for changing your menu. Think of a menu change as an avenue to stimulating your customers. By making the change, you are hoping to achieve a particular outcome; for example, selling more of a menu item or making more money selling the menu items you already sell.

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Topics: Restaurant Profit

An Upsurge of Optimism in the Restaurant Industry

Posted by Kira on 4/19/17 11:47 AM

During the last administration, many changes came about that greatly impacted the restaurant industry. The Affordable Care Act and overtime rules are two that stand out and while the minimum wage increase was not a federal decision, these are all issues that had analysts buzzing with predictions and restaurateurs debating how to adapt their businesses to these modifications.

With the election of a new administration, it’s no secret that restaurant executives (and the country, in general) continue to be divided with interpretations, forecasts, fear or excitement of the future and the direction in which we’re headed. While it’s too soon to see any major changes due to the new administration (as shifts in trends and legislature take time to manifest) some top issues impacting our industry, continue to be pondered. Many restaurant executives are keeping a watchful eye while preparing for the unforeseeable future.

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Understanding Restaurant Reporting Techie Terms!

Posted by Chuck Bartlett on 4/11/17 9:57 AM

What's The Word?!

What on earth is Big Data, a Data Lake and several other mind boggling tech terms you’ll want to be familiar with…

Spreadsheets are giving way to technology designed to deal with the mountains of (Giga, Tera and Peta Bytes) data companies are generating / accessing to gain deeper insights into their businesses and needed to remain competitive.

Whether you’re a seasoned IT professional or just now beginning to consider more advanced reporting tools you’ll want to become familiar with the lingo of the day. I say of the day primarily because new words / phrases are being added at a record pace – just look at Merriam Webster, heck, they added over 1000 new words in 2016 alone. The tech space is no different – did you know, not that long ago, that the definition of Computer was; ‘person who does computations’.

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Topics: Restaurant Custom Reporting

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