Browsing Tag Knowledge is Power
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13 December 2024 at 16 : 18 PM
Increasing Check Averages in a Restaurant: Strategies for Success
KNOWLEDGE IS POWER By Peter Kambitsis In the competitive landscape of the restaurant industry, increasing check averages is crucial for enhancing profitability and ensuring long-term sustainability. A higher check average means that each customer spends more during their visit, which can significantly impact overall revenue. Here are several effective ...
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11 November 2024 at 16 : 32 PM
How an Election Year Can Affect a Business
KNOWLEDGE IS POWER By Peter Kambitsis, Entrepreneur In the landscape of American commerce, the impact of an election year is profound and multifaceted. Businesses, regardless of their size or sector, often find themselves navigating a complex web of economic, regulatory, and consumer behavior changes as the political climate shifts. Understanding these ...
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14 October 2024 at 19 : 49 PM
The Importance of Menu Engineering in Restaurants
KNOWLEDGE IS POWER By Peter Kambitsis, Entrepreneur Introduction to Menu Engineering Menu engineering is a strategic approach that restaurants use to optimize their menus for profitability and customer satisfaction. It involves analyzing the performance of menu items based on their popularity and profitability, allowing restaurant owners and ...
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11 September 2024 at 17 : 43 PM
Taking Your Restaurant to the Next Level
KNOWLEDGE IS POWER In the competitive landscape of the restaurant industry, standing out and achieving sustained growth requires a strategic approach. Whether you are a seasoned restaurateur or a newcomer, implementing innovative strategies can elevate your establishment and enhance customer satisfaction. Here are several key areas to focus on when ...
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11 August 2024 at 07 : 59 AM
Building a Crew of Loyal, Talented, Trustworthy People
KNOWLEDGE IS POWER By Peter Kambitsis, Enterpreneur Building a team of individuals who are dedicated to the success of your organization is a crucial aspect of effective leadership. Creating a crew that never quits requires a combination of strategic hiring practices, fostering a positive work culture, providing ongoing support and development ...
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13 July 2024 at 13 : 50 PM
Maximizing Profits Through Seasonality
KNOWLEDGE IS POWER Seasonality plays a significant role in the success and profitability of a restaurant business. Understanding how to navigate through the highs and lows of different seasons can make a substantial difference in revenue generation and overall success. Here, we delve into the impacts of seasonality on restaurants and strategies to ...
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25 June 2024 at 15 : 37 PM
Strategies for Restaurant Owners During a Recession
KNOWLEDGE IS POWER By Peter Kambitsis, Entrepreneur During a recession, restaurant owners and other business owners face significant challenges in maintaining sales, saving money, and staying afloat. However, with strategic planning and proactive measures, businesses can navigate through tough economic times successfully. Here are some effective ...
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25 June 2024 at 15 : 17 PM
Providing a Great Guest Experience in Restaurant Hospitality
KNOWLEDGE IS POWER By Peter Kambitsis, Entrepreneur In the competitive world of restaurant hospitality, providing a great guest experience is crucial for success. From the moment a guest walks in until they leave, every interaction should be carefully crafted to ensure satisfaction and loyalty. Here are some key strategies to enhance the guest ...
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25 June 2024 at 13 : 00 PM
How AI Can Help Restaurant Owners with Their Social Media
KNOWLEDGE IS POWER By Peter Kambitsis, Entrepreneur In today’s digitally connected world, social media has become a crucial platform for businesses to engage with their audience and attract potential customers. For restaurant owners, leveraging social media effectively can significantly impact their success. Fortunately, with the advancements in ...
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19 June 2024 at 09 : 50 AM
Why Prime Cost Should Be First on Your List
KNOWLEDGE IS POWER By Peter Kambitsis, Entrepreneur When we profiled Peter Kambitsis in December, we knew Estiator readers would appreciate his wisdom, experience, and practical advice. But the response has been so over-whelming that we wanted Peter to continue sharing his knowledge. So with this issue, we’re privileged to welcome Peter as a ...
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