December 2008 Blog Posts (88)


Non-Operator
80/20 Rule Applied

Most of us are familiar with the 80/20 rule, or the Pareto Effect, as it is most commonly known. The 80/20 rule has been represented in business discussion as 80 percent of production comes from 20 percent of the producers for many years. More broadly the 80/20 rule has been applied to every imaginable situation in business with amazing accuracy. Reading this complex information is fairly heady stuff, not known for light content, however a little struggling makes it more understandable.… Continue

Added by Mark Frank on December 2, 2008 at 1:53pm — 4 Comments

Pure Economics: Cans Lose

Now that it's officially official that we're in a recession, food service companies have even more reason to cut costs as the country collectively tightens its belts for the economic downturn.



One of the easiest ways to save money is to reduce waste. In times like these, you need to maximize yield on every food item in your refrigerator. Of course, that instantly puts aerosol whipped topping at a disadvantage. In… Continue

Added by OnTop(r) on December 2, 2008 at 12:26pm — 1 Comment

Employee Meal Benefits

What does your company offer for Employee Meal Benefits (employees dining as guests, not during / following a shift)? Has your organization cut these benefits in response to the current economic conditions? Thank you!

Added by Kat Hoffman on December 2, 2008 at 11:00am — 1 Comment

IndyDining Expansion: Exciting New Opportunities for Entrepreneurs

I am the President of IndyDining, a web community designed to provide consumers with tools to find new restaurants and help restaurants attract those customers. It began as a service to cater to Indianapolis residents and visitors, while driving traffic to restaurants whose attendance may have been staggering due to the current shape of the economy. Recent press coverage, however, has sparked a substantial amount of interest in expanding all that… Continue

Added by Jeremy Clarke on December 2, 2008 at 10:36am — No Comments

Advertising in an Economic Downturn

Advertising_in_an_Economic_Downturn.ppt





Attached is a powerpoint I used recently at a CO-OP meeting I had with my franchisees and managment team. It helped me shed a little light at the end of the tunnel and that cutting costs on marketing which seems to be a natural defense given the current… Continue

Added by Scott on December 1, 2008 at 10:21pm — 3 Comments

Loyalty & Mobile Marketing

What are restaurants doing to increase sales and drive traffic in this difficult economy? Is anyone using mobile marketing programs (mobile coupons, etc.)? Has anyone had success on the mobile front?

Added by Matt Armstead on December 1, 2008 at 8:57pm — 2 Comments

21st century job seeker tip of the week

Find any business professional’s email address using Social Media and Google.



Are you looking for the contact information of the person who makes or influence the hiring decision but keep getting pushed to a link to fill out an online application?



Here is a tip on how to find the right person and get their email.



First search the Social Media sites you’re on entering in the company’s name as a keyword in the search. Browse through the members to find the person… Continue

Added by Amanda Hite on December 1, 2008 at 7:45pm — 2 Comments

So, you want to open your first restaurant...

It's been your dream for years, and now you plan to make it a reality: your first restaurant. Now what do you do?



Fans of the Food Network may remember David Adjey from his appearance on a 2008 episode of “Iron Chef America” when he competed against Iron Chef Michael Symon, resulting in a rare tie between the two chefs. He is also known in Canada for his appearances in “Restaurant Makeover”.



David Adjey’s Restaurant 101, his newest… Continue

Added by Heidi Burbela on December 1, 2008 at 12:15pm — No Comments

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Smartbrief

Read the latest

Read the latest food and beverage coverage by SmartBrief in SmartBrief Originals: -More

Don't let bad disability etiquette turn guests off

Many restaurants are unaware of how to make guests with vision, mobility or hearing impairments feel welcome much less make t -More

Juan Valdez aims to perk up U.S. sales with first franchises

Colombian coffee brand Juan Valdez will open its first franchise cafe in Miami, with plans to open four more this year in a p -More

JOBS & CAREERS

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National News

Domino's Pizza Announces Second Quarter 2014 Financial Results

Domino's Pizza, Inc. (NYSE: DPZ) announced results for the second quarter of 2014, comprised of strong growth in both same store sales and global store counts, which resulted in 17.5% EPS growth, or 67 cents per share.

McDonald's Reports Second Quarter 2014 Global Comparable Sales Flat

Global comparable sales were relatively flat, reflecting higher average check and negative guest traffic in all major segments - Consolidated revenues increase of 1% (1% in constant currencies), benefiting from expansion

Huddle House Diner Franchise Expands Into New Jersey

Huddle House recently announced its 10-unit deal in Long Island and has now signed an agreement with an experienced multi-unit investor to build six restaurants across the bridge in Northern New Jersey. Huddle House previously extended only as far as West Virginia and Pennsylvania.

Chipotle Mexican Grill, Inc. Second Quarter 2014 Revenues Up 28.6%

Comparable restaurant sales increased 17.3% - Restaurant level operating margin was 27.3%, a decrease of 30 basis points

Tava Indian Kitchen Appoints Jeremy Morgan As New Chief Executive Officer, Announces Expansion Plans

Tava Indian Kitchen, the Bay Area's rapidly expanding fast casual Indian restaurant concept, announced that Jeremy Morgan, formerly SVP of Marketing and Consumer Insights for Smashburger, has been appointed to the position of Chief Executive Officer.

CROWD FUNDING

If you are looking for capital to start or grow your restaurant, create the next 501c3, develop and launch the next app for the restaurant industry,or want to help your peers in some meaningful way, we want to know about it.

TED TALKS VIDEO

TED: Ze Frank: Are you human? - Ze Frank (2014)

Have you ever wondered: Am I a human being? Ze Frank suggests a series of simple questions that will determine this. Please relax and follow the prompts. Let's begin …

TED: Heather Barnett: What humans can learn from semi-intelligent slime - Heather Barnett (2014)

Inspired by biological design and self-organizing systems, artist Heather Barnett co-creates with physarum polycephalum, a eukaryotic microorganism that lives in cool, moist areas. What can people learn from the semi-intelligent slime mold? Watch this talk to find out.

TED: Shih Chieh Huang: Sculptures that’d be at home in the deep sea - Shih Chieh Huang (2014)

When he was young, artist Shih Chieh Huang loved taking toys apart and perusing the aisles of night markets in Taiwan for unexpected objects. Today, this TED Fellow creates madcap sculptures that seem to have a life of their own—with eyes that blink, tentacles that unfurl and parts that light up like bioluminescent sea creatures.

TED: Nikolai Begg: A tool to fix one of the most dangerous moments in surgery - Nikolai Begg (2013)

Surgeons are required every day to puncture human skin before procedures — with the risk of damaging what's on the other side. In a fascinating talk, find out how mechanical engineer Nikolai Begg is using physics to update an important medical device, called the trocar, and improve one of the most dangerous moments in many common surgeries.

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