Decision Logic | Restaurant Management Software’s Post

Had an incredible time at the #RFISUMMIT last week in Kansas City, MO! Was able to meet & speak to many great people in the Restaurant Industry, learn a ton of great insights from the sessions attended and visit Arrowhead Stadium for a Dinner Party! (Go Kansas City Chiefs!) I was also able to moderate my first panel session for Instant Financial, "𝗧𝗵𝗲 𝗥𝗼𝗹𝗲 𝗼𝗳 𝗘𝗹𝗲𝗰𝘁𝗿𝗼𝗻𝗶𝗰 𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗲 𝗧𝗶𝗽 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴 𝗥𝗲𝘀𝘁𝗮𝘂𝗿𝗮𝗻𝘁 𝗣𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆". The session covered the question: "With rising food and labor costs, what ways can restaurant operators positively impact profitability?" We explored how electronic employee tip solutions can help by removing the costs associated with physical cash, reducing reliance on armored vehicle deliveries and shifting labor efforts to more profitable areas, restaurant operators can significantly address this challenge area and seek a return to profitability. The session went very well, with special thanks to our Panelists: ➡ Jay Kazlow | President/COO | Dantanna's Restaurant Group ➡ Neil Newcomb | CEO | Kelly's Roast Beef And thanks to the support of our Instant Financial Team at the event, Aubrey Elmore & Ksenia Steidel. Together, we formed a great Team, and had a lot of fun meeting new people, listening to great speakers, sharing how Instant supports the Restaurant space and of course, eating some great BBQ! Finally, highlighting a few great organizations I was able to gather a ton of knowledge from during their sessions. Thanks to Potbelly Sandwich Works, Culver's Restaurants, Toppers Pizza, IHOP & Blaze Pizza, LLC. #Instant #DigitalTips #Profitability #CostEfficiency #EmployeeExpectations

What's New to TheStreet... 🍔 McDonald's Introduces the Chicken Big Mac! 🐔 McDonald’s is shaking up its iconic Big Mac by adding a twist—introducing the Chicken Big Mac! As fast-food companies look to bring more chicken to their menus, this new take on the flagship sandwich is sure to get people talking. Would you try the Chicken Big Mac? Share your thoughts below!👇🏻✨ 👉🏻Follow New To The Street for more! #mcdonalds #chickenbigmac #fastfood #innovation #businessupdate #businessnews #business #news #newtothestreet

Innovation and modernization of the employee experience for their payouts of earnings and compensation are just as important as the customer experience. Coupling innovation of the Cx and EEx not only impacts the overall revenues, but drives deeper engagement for all who touch and represent the brand!

What's New to TheStreet... 🍔 McDonald's Introduces the Chicken Big Mac! 🐔 McDonald’s is shaking up its iconic Big Mac by adding a twist—introducing the Chicken Big Mac! As fast-food companies look to bring more chicken to their menus, this new take on the flagship sandwich is sure to get people talking. Would you try the Chicken Big Mac? Share your thoughts below!👇🏻✨ 👉🏻Follow New To The Street for more! #mcdonalds #chickenbigmac #fastfood #innovation #businessupdate #businessnews #business #news #newtothestreet

McDonald's - the top restaurant food chain in the world. Its gross profit for quarter one of 2024 came in at $3.439 Billion. But, the true business strategy for this wildly successful burger joint was never in the food. It was actually in real estate. By owning the land and buildings where its franchisees operate, McDonald's has built a lucrative real estate empire that led to its global success. Not only that, but the brand is a master of standardization. It has developed SOP's so consistent that you know exactly what you're going to get every time you show up to order a double cheeseburger with fries. It's going to taste the same regardless of time, location, who's working, who's not working. It doesn't matter. SOP's are always my top recommendation to my clients who are feeling unorganized and inefficient. If you don't have them yet, send me a DM and I'll be happy to provide you a SOP template to help you get started. #SOPguidance #OrganizationManagement #StandardProcedures #BusinessBlueprints #EfficientProcesses #SOPimplementation #EffectiveSystems #BusinessOperations #SOPstrategies #OrganizationalExcellence

Recently CNBC published an article entitled "Every restaurant chain wants to beat Chick-fil-A, but it's stronger than ever.” Considering some of the impressive stats shared about Chick-fil-A, it’s no wonder that competitors have set their sights on the chain. For example, the average non-mall Chick-fil-A location does $8.7M in sales annually which is nearly 2.5 times the annual sales of an average McDonald’s location that has been open for at least a year. Another example, Chick-fil-A’s market share in the chicken fast food category is almost four times the market share of the next largest chain, and is more than the market shares of the next five competitors combined (i.e., Popeyes, KFC, Raising Cane’s, Wingstop, Zaxby). These are amazing business results to say the least. This article makes a lot of great points about Chick-fil-A’s success, but it positions a chicken-centric menu as the secret ingredient of Chick-fil-A’s success, and I think that misses the point. If it was just about the chicken or the size of its footprint, shouldn’t KFC be the chain that everyone is chasing? The secret sauce that fuels Chick-fil-A is Customer Obsession. They have built their reputation on the superior experience they deliver, and that’s what has converted their customers into rabid fans vs. casual consumers. If other chains want to catch up that’s the page they need to take out of the Chick-fil-A playbook. #customerobsession #customerobsessed #customerexperience #cx #chickfila #cnbc

This should be a great session with Kevin Hart and Adam Klaers. Having known Kevin from his days at Challenger and previously CEB, now Gartner, I can guarantee you will walk away from this session with profound insights from these two. Looking forward to it.

See how Modern Restaurant Concepts, Northmill, and Austin Capital Bank are mastering KPI management to drive business success. Read the full article here: https://lnkd.in/eRaS4Gnj #KPIManagement #BusinessSuccess #KPIs #KPIStrategy

ARE YOU  Struggling to scale your restaurant?  Feeling isolated?  Tired of slow growth? Stuck in the daily grind?  Need effective strategies?  Join the Founders Growth Summit to get out of the stuck and into scaling for success!  Apply to Register at foundersgrowthsummit.com . . . . . #EffectiveStrategies #RestaurantGrowth #FoundersGrowthSummit #KWP

This was *the most* informative hour of conversation I've heard in... quite a while. Hear me out. The restaurant industry is navigating an incredibly tough time — with brands struggling to manage rising costs, shifting consumer behavior, and the challenges of third-party delivery services. To confront these issues directly, a group of serious experts (and some of my favorite people in the industry) sat down last week to share their insights and offer real-world solutions. Hear from Zachary Goldstein (CEO & founder, Thanx), Andrew K. Smith (Managing Partner & co-founder, Savory Fund), Ellie Doty (founder of High Impact Marketing, former CMO Burger King, Chili's), and Meredith Sandland (CEO of Empower Delivery, co-author of Delivering the Digital Restaurant) on: • The macro factors threatening restaurant survival • Lessons learned from recent bankruptcies & how to steer clear • How to leverage technology & digital tools to face economic pressures • The future of restaurants post-bankruptcy & strategies for not just survival, but growth https://lnkd.in/gDxibN_w