Ice cream I believe is one of the few universally beloved desserts. Summer is round the corner and time has come to relish some of the great flavors I have been waiting for. In pursuit of great tasting ice cream, I found this great infographic about what our favorite ice-cream says about our personalities. Check it out & let me know what you think? Do you agree with what the research says?
"Viral marketing is an idea that spreads--and an idea that while it is spreading actually helps market your business or cause"
The key to effective viral: Create and execute an idea that's intriguing enough to get consumers to interact.
Theresa Howard, USA TODAY
To get the most out of social media, you need to understand how it works. Just plugging stuff or posting them online, however good is not going to help. You might be the best Chef and might have a poster made claiming that but do you think that it will help? NO, of course not. You have to be able to make sure that people see your work & know what you can create.
I will follow up more on viral marketing later, but I have posted some great books about viral marketing in the resources section which you can refer to.
With the way kids are drawn to junk & often unhealthy foods such as soda, chips, candy, etc. one would think that there is no hope and the obesity epidemic might continue to grow. Well, from interactions with my son, I can say that there is still hope. all is not lost. Kids are more open to healthy eating than you might think. They look to us, the adults, to learn healthy eating habits. That's great news because as the below posted infographic shows, there is new statistics which show that parents are becoming more involved and better role models when it comes to nutrition. Restaurants are still far behind the curve but parents expect them to adapt as well.
Blackberries & Raspberries don't just taste wonderful but are also good for you. The pigments that give berries their deep red, blue, black and purple hues are powerful, disease-fighting antioxidants. It is believed that antioxidant-rich foods offer protection against conditions such as heart disease and cancer.
Please remember, this information is for informational purposes only and you still need to do your research & due diligence.
Summer is round the corner and we all love beer, especially those from small breweries. Below is a fabulous list of some of the best American craft beers. The larger the beer listed, the more popular it is! Njoy.
Data is based on beers checked-in by users of the Beer Hunt iPhone app. Beer Hunt is the brand new social iPhone app that caters for the rapidly growing craft beer market.
Ever wondered how wine is made or thought of making some for yourself? Well, you are in luck!. Below is an infographic I found which could possible help you. Please remember that this infographic is for informational purposes only and you should always do your own due diligence.
To many of us, while vegetables are more beneficial and flavorful than meat, they are also more delicate. They can easily lose all their benefits & flavor if not cooked properly or overcooked. Below is a great infographic about how to cook some basic vegetables so that they retain their healthful benefits & flavor for you to enjoy. Please remember, this information is for guidance purposes only and you still need to do your research & due diligence.
Calculating and understanding the Gross / Net Annual Revenue of a restaurant is based on accounting, numbers and modeling. Getting the numbers that can show the maximum yield/sft or labor productivity takes time and expertise.
While these KPIs are important for every restaurant owner to know & act upon, being able to generate those numbers for the average restaurant owner is easier said than done. I feel the following common sense KPIs may prove to be more practical and feasible for small & medium sized restaurant owners to compare their businesses with.
1. CUSTOMER FEEDBACK
Always be in the know of what your customers are saying about you. Don’t just rely on what your customers say within the restaurant or on your website site but also bookmark popular feedback sites such as Yelp, Open Table, Urban Spoon, etc. Review them regularly and try to respond to them as soon as possible. Yes, sometimes there will be feedback that will seem trivial or vindictive but I believe it is just indicative of a deeper issue. There is always some kind of fire behind the smoke and it makes sense for a business owner to know of the underlying issue. Whatever the cause for the complaint, most important point for owners and managers to remember is that people do read these sites and quite often base their decisions based on these opinions.
It can take years to build trust but seconds to lose it. Learn from the feedback & if possible, reach out to the poster. Rectify the issues as soon as possible. The old adage, “If it is good - tell your friends. If it is bad - tell me as soon as possible” is a good philosophy to have. It is very important that customers not only have a positive impression about your business but that they talk about the positive impression as well. If customers are not talking positively about your business, restaurant operators absolutely need to understand why.
A clean restaurant means that the people working there CARE about their workplace and are happy with their work. Workers are HAPPY when they feel they are being taken care of and are making enough money. While clean recesses and refrigerator tops are good indicators of cleanliness and attention to detail, one of the surest signs that your team is actually cleaning are clean floor drains. It’s that simple: Clean floor drain often implies a clean restaurant.
3. SERVER SALES AND EFFECTIVENESS
This is absolutely one of the basic ways and while it does require the availability of some figures, those can very easily be procured from a POS rather having to undertake complex calculations. Figures for average sale per server, who is up-selling the most, who is getting the highest tip, etc. are easy to get. FOH personnel are critical for the success of any restaurant and need to be monitored consistently. Restaurant owners & managers need to make sure that the FOH team (that includes the Host / Hostess) is knowledgeable of not just what the restaurants offerings are but also its policies and procedures. Managers also need to make sure that their team can perform well under pressure and customer service does not suffer during rush hours.
4. BUSINESS MODEL
While the financial statements offer a quick insight into a business model, they don’t always tell us all that we need to know. I have observed that quite a few restaurants that have cash flow challenges do things like live “weekend to weekend”, delay paying vendors, pro-rate payroll, etc. Also sometimes, the business owner’s USP that may have been valid a decade ago has long evaporated but the Owner soldiers on hoping against hope that something will change.
A very basic way to validate the existing business model is whether the most critical large expenses such as rent & essential payroll based on a weekends’ sale. The rational being that if a if you can cover rent in one weekend then you are not forced into saving for rent throughout the month and that whatever occurs during the course of the month, you can be certain your rental obligations can be met. Similarly, if you can cover your critical payroll in one weekend, you are not floating the checks or using the week day cash flow normally reserved for operational costs. If you cannot pay either of these in a single (but different) weekend then your business model is flawed and needs to be reworked.
5. LABOR MODEL
Yes, a perfect schedule is hard to anticipate but for an owner/manager who works in the restaurant, there are a few ways to measure whether your daily staffing is reasonable or not. In some cases, an additional server could help generate additional revenue whilst in other cases, the restaurant could run just as well with one less employee. How do you know when this is the case without going through all the data?
A sure sign that you are overstaffed is when you walk through your restaurant and don’t have anything to do. Whether it be welcoming guest, grabbing silverware or picking up a napkin on the floor, if there is nothing to do, what are the staff doing? Do you really need them all at that time?
Similarly, your restaurant is understaffed when you walk through your restaurant with your head down because you are conscious that the moment you make eye contact with an employee or customer, they will need you for something or when you look through your restaurant and see tables constantly looking up for a waiter or drinks empty on a majority of tables.
For any Restaurant, Prime Cost = F&B purchases + Labor Costs (wages + Taxes & Benefits) should account for 62 to 68 cents of every dollar in sales. Prime Cost is really what impacts a restaurant’s profitability.
6. INVENTORY & YIELD
It is often stated how important the proper management of inventory is, how it can help identify theft, measure COG or that it is the backbone to profitability. In actuality, this once a week or once a month activity mostly helps the accountant. Yield management, if done properly and based on an acceptable loss percentage can be far more valuable to your bottom line and much easier to act on.
Take your top 10 best selling individual items and track these daily against sales. If you start the day with 100 soda cans and end the day with 30 then you sold 70, if you sold less than 70 you have a problem – there is no acceptable reason for a missing can. This same technique can be used for your major items which do not require selling pieces of but rather are purchased and sold as one unit. These items would have a 0% acceptable loss because you either sold the can or you didn’t, there is no margin of error.
For items that are not being sold whole, allocate an acceptable loss to. For example, French Fries may have a slight variation in portion size and therefore a 10% acceptable loss on the purchased vs sold volume. You can build a running average of your purchases for the fries and any major variation during any purchase period would require further analysis.
Indian cuisine is synonymous with spiciness & heat and while most confuse spiciness with the heat that chili provides, they are very different things. Cardamom, cloves, cinnamon, bay leaf, black pepper, star anise, etc. are examples of spices which are added to the dishes in different combinations and they provide the aroma & flavor .
The heat or hotness comes almost entirely from Chili. The scale of hotness is measured by the Scoville scale. It is a measure of the pungency (hotness) of chili peppers. This pungency is because of the presence of Capsaicin. Capsaicin is a chemical compound that stimulates our chemoreceptor nerve endings in the skin, especially the mucus membranes and provides us the sensation of heat. The number of Scoville heat units indicates the amount of present.
Please do share with us if you have tried any of the really hot chili peppers.