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Techniques of Upselling and Cross Selling Restaurant Furniture

At times, there seems to be sales and pricing strategies for every industry- each specifically tailored and modified to meet their business needs. While certain establishments prefer to down-sell, other companies lean on cross selling and upselling techniques to entice customers with desirable products to advance their endeavors in their commerce. But for many CEO’s and business owners, the distinction between upselling and cross selling may be confusing – especially when these methods share many similarities. Not knowing what is cross selling from upselling may hinder their efforts in promoting and selling your merchandise.

Restaurant Pricing Strategies that Actually Work

In the restaurant industry, the art of pricing food begins with understanding the science of food costs. In other words, 32% of the revenue in which restaurants earn is spent on food, beverages, condiments, and supplies. Restaurants also sell their service, food, camaraderie, and their brand making restaurant menu pricing and art and a science. The process of costing and pricing, however, differ based on the various services which restaurants provide. This is due to one-time events which create their exclusive costs and restaurants need to earn more money to compensate for the time and effort they invested in providing alternative services.

What You Should Know about Restaurant Accounting

A restaurant is a uniquely operated entity due the nature of its relationship with its patrons and suppliers. Food inventory management is an integral part of restaurant accounting as is monitoring the staff to update menu items and efficient regulation of building space. Doing as such is crucial for keeping track of food costs, utility expenses and reducing waste. Restaurant accounting connects menu planning to how many customers you host thus making it essential to the daily operation in the food service industry.

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4 Reasons to Have a Bar in Your Restaurant

Having a bar in your restaurant irrefutably raises the profile of your venue. While a unique logo, convenient location, good food and better service may gain attention and strengthen the reputation of your restaurant, adding a bar will entice customers to return (providing that the drinks you offer live up to their expectations). Signature drinks give your restaurant a special draw among your patrons and satisfied drinkers (and diners) will likely spread the good word about you to their family and friends. And if they are already ordering some cocktails at your bar, they may linger around for dinner too.

Server Tips & Tricks That Ensure Customer Retention & Satisfaction

Keeping your existing customers happy is crucial. They are the backbone of your business and provide a regular stream of revenue. Restaurateurs invest a lot of time and money on marketing their restaurant in efforts to attract new clientele. Obviously, gaining new customers is important for sales growth but keeping existing customers is less expensive and more profitable. By making retention a focus for your business, not only will doing so encourage them to come back but they may actually help you draw in new customers by spreading the good word about your restaurant. Cultivating valuable relationships with loyal customers enables you to capture repeat visits and there are simple server tips and tricks to improve and secure restaurant customer retention.

Delicious Design Ideas for Your Ice Cream Parlor

As an old fashioned yet one of the world’s most favorite treat, ice cream is not only a welcome delicacy served on special occasions but is an insatiable craving for anyone a sweet tooth. This frozen confection is popularly sought out, especially during the hottest days of summer. You may be applauded and supported for your efforts upon announcing your plans to open up your ice cream but may be lost for design ideas and a solid layout plan. It is crucial to create a structured business plan and follow through with it. The goal is to tempt by passers inside your shop which can be achieved with the right ice cream shop interior design ideas.

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