How to Adapt to Rising Minimum Wage |
Posted: August 27, 2018 |
Meet the SpeakersRobert AncillCEO, The Next Idea Group, Restaurant and Food ConsultantsRobert runs an L.A.-based restaurant consulting agency that specializes in new concepts, management, design, turnarounds, franchising, operations, and international growth. He is widely considered the ultimate authority on restaurant trends, operations, and international markets.
Bruce MacklinConsultant, TouchBistroIn the industry for more than 20 years, Bruce started in the dish pit and worked his way up to management, helping restaurant owners cut costs, manage staff, and fine tune operations. At TouchBistro, he sets restaurants up for success with deep knowledge of the industry and the technology restaurant owners need to run their businesses.
Tiffany RegaudieWebinar Moderator & Content Marketing Manager,TouchBistroTiffany led the report on The State of Minimum Wage for Restaurants to equip restaurateurs with the knowledge they need to remain as profitable and thriving as possible. She also regularly writes about how restaurateurs can run a better business. --------------------------------------------------------------A little Bit About TouchBistroAbout TouchBistro
Restaurant Insights ReportProblemRestaurants need to adapt to rising minimum wage. What are some of the best ways to do this? Research Questions
About the Research
Respondent ProfileReport Highlights
Overall, 77% of restaurants surveyed have seen shrinking profits because of the minimum increase.--------------------------------------------------------------WHAT WE FOUND3 Most Common Solution for Offsetting Increased Labor Costs
How do I actually deal with higher labor costs?--------------------------------------------------------------RECOMMENDED SOLUTION #1Create New Revenue Streams
RECOMMENDED SOLUTION #2Strategically Adjust Menu Prices
Benefits of Menu Engineering
RECOMMENDED SOLUTION #3Leverage New TechnologyTake Out Technology
IT'S 6% CHEAPER TO GENERATE A TAKEOUT VS. FULL-SERVICE ORDER.
STAFFING TECHNOLOGY
AUTOMATION TECHNOLOGY
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TOP TAKEAWAYS
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About The CompanyThe Next Idea was built on the simple premise that Ideas and Execution must be synchronized. Contrary to popular belief; a good Idea has no value on its own, just the same as a bad Idea, executed flawlessly, and equally possesses no value. However, a good Idea implemented with methodology and immaculate execution will transcend boundaries at every level. It is this most basic of theories that represents the foundation of The Next Idea!
Contact Us :Company : TheNextidea Website : https://www.thenextidea.net/ E-mail : [email protected] Phone : +1 818 887 7714 Reference :How to Adapt to Rising Minimum Wage
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