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In the recent era of restaurant and hospitality business, the competition is on its pace. In this way, making a restaurant business profitable is quite tricky process. As per the US Census Bureau, less than 50% restaurants served people with satisfaction in the year 2009-10. In addition, most of the independent restaurants and 9450 American restaurants were closed in the year 2010-11. Hence, efficiency, marketing and management are the keys for a successful restaurant business. Here are few key tips to make your restaurant business more profitable: 1. Train employees with changing technology: The employees are the biggest expenses to the business and could be biggest asset of the company if you pay kind attention on their training. Your employees are the face and soul of your organization, so let’s face it! Get them essential tools so that they can become the giant money-generator for your business. All they need is proper training and guidance. Start with basic training procedures for newcomers and then bring them to the regular routines of existing employees. Seek for regular reviews of the performance and problems of employees on regular basis and try to fix most important problems. Give them proper guidance to improve their productivity. In case an employee is underperforming, pay special attention on him by fixing your parameters to improve him according to your expectations. If the desired goals are not met, don’t hesitate to terminate. Cross-training is a very important aspect of the organization so that the trained employees can make the customers happy which may tends to loyalty of them. 2. Pay incentives to motivate employees: If you pay incentive to the employees, this motivates them to work for longer time and with full efficiency and interest. If you are spending most of your time to train your staff, time now to pay attention on their retention. This is because the longer they work, the more efficient they would become and it tends to increased profit for your business. Here are some ways to motivate employees so that they can do work harder and with full interest: a. Keep track on the total sales provided by each employee in order to give bonus on the fixed percentage. b. Set the target for each kitchen employee and chef and reward each one when they become successful to fulfill their targets during their full shift. c. Share the profit percentages among the talented employees. d. Conduct the program of rewards for each employee. 3. Repair equipments with your own: In the hospitality business, equipment is the most important thing which acts as the wheels for the business. In your restaurant, the staff is entirely depending on everything from the refrigerator to the blender in order to serve the important purposes of business on daily basis. When any piece of equipment gets down, the revenue gets affected along with the cost of repair. The restaurants more often prefer repair management firms and they rely on them which results in costly labor charges and costs of all parts. In this way, you should familiarize yourself with the features of equipment in your organization. You can order the parts online which can be proved cost-effective option and try to fix all the problems on your own. 4. Minimize unnecessary wastage and mistakes with technology: When it comes to install most powerful tool, there is nothing better option than installing a POS System which is a robust management tool designed with the features of advanced technology. Basically, a general POS System can: 1. Keep track on the stock with setting the schedules. 2. Manage working hours of employees with their payrolls. 3. Recognize changing trends with keeping track on sales. 4. Check all the latest trends like items of high margin and the food items best selling in the market. 5. Avoids unnecessary waste of production cost and wastage with mistakes in ordering and spoilage. 6. Improves the rate of table turnover 7. Increases efficiency of employees with interactive features. 8. Reduces legwork of the employees with their precious time management. If you already have POS System in your restaurant, you are not getting many essential parts of the technology. In this way, stay upgraded with latest updates on the POS System with the help of vendor’s website of the POS System. Also familiarize yourself with all its features properly and give proper training to the employees so that your restaurant staff can become more efficient. POS System could become the great return of your investment if you have made the decision wisely on choosing the right software solution for your business. Choosing the right components of POS System is also the key to the efficiency of your business. When choosing the POS Software, make sure the software has extensive features that are sufficient with the needs of your business. 5. Implement new mediums for customer’s loyalty: Since more and more people are going wireless with the Wi-Fi, this is very essential for the profitability to get them with using new mediums. The most efficient way to get more customers is to launch your restaurant’s website. Today’s POS Software can go online by connecting your restaurant’s facilities with your business website. An optimized and well-managed website could become the profit-maker for your business. Along with launching a website on the internet, you can also send the email and sms alerts to the potential customers about the latest offerings and VIP discounts offered by your restaurant. This way can keep them regularly engaged and updated with your restaurant. This idea can also encourage other people to be your potential customer with words-to-mouth publicity by satisfied customers. Conclusion When it comes to improve your business productivity and profitability, these are the basic and most efficient ways to meet your desired goals. These are the ways that never give your business any downfall or complaints from the customers. Having an advanced Restaurant Management Systems in your restaurant can greatly improve your business with various offers. These are the ways you can meet your desired goals. Visit geminicomputersinc.com to get the best deals on Restaurant Management Systems.
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