Dawns Financial’s Post

What's one panel you will not miss at Food On Demand this week? Strategies to Best Manage Reconciliation & Chargebacks Recent studies reveal that chargebacks impose a significant financial burden on businesses, costing them over $3 for every dollar of the original transaction amount. For instance, a $50 refund can potentially cost a restaurant $150 or more. In the current economic climate marked by escalating inflation and wage costs, restaurants can ill-afford to overlook the impact of chargebacks, especially in the context of delivery disputes. In this panel discussion, experts will explore automated solutions to mitigate delivery disputes. 🎙️ Nancy Luna, Food On Demand ➡️ 🍔 Sean Thompson 🍟, Freddy's Frozen Custard & Steakburgers ➡️ Chris Munz, Voosh ➡️ Jeff Barney, Nekter Juice Bar FRIDAY | MAY 10, 2024 9:50 a.m. Discover more about the event: https://lnkd.in/eipnYxfy #FoodOnDemand #restaurantbusiness #restauranttech #restaurantowners #restaurantmarketing #restaurantindustry #restaurantowner

Most restaurant owners aren't failing because their food isn't good enough. They're failing because they don't understand this one simple fact: Money is math, and math is money. Your food costs aren't just numbers on a spreadsheet - they're the lifeblood of your business. And that labor percentage you've been avoiding calculating? It's not just paperwork, it's your profit walking out the door. I've seen too many passionate chefs with amazing food go bankrupt because they thought culinary skills were enough. It's not. Here's your reality check: Can you calculate your food cost percentage right now? Do you know your target labor percentage? When was the last time you updated your pricing? Save this post if you're ready to stop treating your restaurant like a hobby and start running it like a business. #RestaurantBusiness #FoodCost #RestaurantManagement

Do you want to start a profitable home-cooked food business? Why wait? It's time to turn your kitchen into a profitable venture right now! Deonde makes it easy to manage orders, deliveries, and payments. Serve Up Success! - https://bit.ly/4dkBXo5 #homemadefooddelivery #foodbusiness #PassionToProfits #homecookedmeals #homemadefood #deonde

Every day I encounter budding Food, Beverage, and Agricultural businesses who seek ways to enhance their business. I love when we can support their businesses with our facility and provide a safe place to grow. Too often I hear about entrepreneurs not producing safely or (quite frankly) legally. Understanding that there will always be entrepreneurs who do what they want, regardless of regulation, I think providing people an option to harness their available resources is a vital next step in the food industry. My biggest concerns: -Equity -Food Safety -Regulatory Oversight (do we have the support to adequately observe what is in place) -Consumer Safety

Trusting someone with your finances is like handing over that last slice of pizza. But don't stress, we'll share. We'll take on balancing your books and organising your invoices, and you can sit back and relax. Unless you think pineapple is socially acceptable. Then you're on your own. Joking. We're here for you, even if we don't agree with that culinary choice. Discover more about our services here - https://lnkd.in/e2QCETnU #BusinessFinance #FriendlyFinance #Portsmouth #NeonNumbers

Know Your Break-Even Point to Remove Stress! 📊 If you don’t know your break-even point, you’re already behind. Understanding overheads, labor, food costs, and repayments helps you make clear decisions and keep your restaurant profitable. #breakevenpoint #restaurantmanagement #profitability #businessstrategy #financialplanning

Is your menu priced for maximum profitability? 💰 Getting it right can make all the difference in your restaurant’s success. From food costs to customer demand, there’s a lot to consider when setting those prices! Remember, it’s not just about covering costs—it’s about maximizing profits while delivering value. With The Largo Group, we can help you strike that perfect balance. Let’s get those numbers working for you! 🔢Want to learn more? Schedule a consultation today and unlock the full potential of your menu! 👉🏼 https://lnkd.in/dtAcTGs2 #TuesdayTip #MenuPricing #RestaurantProfit #MaximizeProfits #FoodCostControl #BusinessGrowth #RestaurantSuccess #PricingStrategy #ProfitabilityTips #TheLargoGroup

🚨 Are you losing money without realizing it? 🚨 Check out these 5 costly mistakes restaurants make every day — and learn how to avoid them! Watch now to boost your bottom line 👇 #RestaurantManagement #CostSavingTips #RestaurantSuccess #FoodBusiness #BoostProfits #OperationsExcellence #RestaurantIndustry #BusinessTips #FandBInsights #ProfitGrowth

Don't let your savings go up in flames with that new restaurant venture! 🔥 Secure your assets with Copper State Planning before you're serving up financial stress. 🍽️💼 #ProtectYourPlate #EstatePlanningWisdom #CopperStatePlanning

Don't let your savings go up in flames with that new restaurant venture! 🔥 Secure your assets with Copper State Planning before you're serving up financial stress. 🍽️💼 #ProtectYourPlate #EstatePlanningWisdom #CopperStatePlanning