Content Spotlight
Tech Tracker: How digital tech is capitalizing on the hot restaurant reservations market
Tock and Google now offer experience reservations; Diibs launches as a platform for bidding on last-minute reservations
People, Performance & Profits
September 3, 2012
Jim
Restaurants, or any businesses for that matter, don’t close because they run out of cash. They close because they spend their money on the wrong things. Here’s a list of creative ways to make certain you’re capitalizing on the smartest investment you can make: watching your waste.
Post your monthly invoices. Does your team have any idea what you pay every month for the invisible costs like electricity, water, heat, gas, insurance, lease/rent and garbage removal? Post a different utility invoice each month on your bulletin boards with the totals highlighted in yellow. Now employees can relate the cost of doing business to their own expenses at home.
Think big. Don’t invest time, money and resources in something that has a small payof...
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