[VIDEO] Where Family Style Restaurants Should Cut Costs Now

TouchBistro is an iPad POS and integrated payments solution built for restaurant people, by restaurant people. It helps thousands of restaurateurs across the world run better businesses and makes managing a restaurant easier.

 

 

 

As a business owner, there's nothing scarier than seeing your profit margin drop.

 

But don't start panicking just yet. There are steps you can take to stop the bleed – steps that are completely within your control. Check out tips on how cut costs now.

 

While you're making these changes, make a stopover and revisit your budget. Chances are, things have changed since you first created this bad boy.

 

See if there's anywhere you can cut back on costs and then make new forecasts (using your POS reports) for what's to come. Lowering your costs while setting realistic expectations will help you get back on the path to rising profit.  

 

RESTAURANT ACCOUNTING 101: BUDGETING AND FORECASTING

 

 

 

About the Author

Dana Krook

Dana is the Content Marketing Manager at TouchBistro, sharing tips for and stories of restaurateurs turning their passion into success. She loves homemade hot sauce, deep fried pickles and finding excuses to consume real maple syrup.

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