The sky is blue. Water is wet (or at least, the accumulation of it is wet; you might get in an argument just using this simple phrase, funny as that seems). “Cash is King in the Restaurant Industry”, as this article simply states in its short title. While it seems like there’s not enough money to be had in the restaurant industry for its employees, cash is still king in the industry — from big time restaurants to servers alike.

Key Takeaways:

  • In 2016, there seems to be one word on everyone’s mind: revenue. And while revenue is important, a business owner and operator can never forget the number in their bank account.
  • Your business could be the next big thing, but if you do not have the cash to pay your bills and employees, soon it will not matter how much revenue you have.
  • All of this interest will hit your income statement, which means you will have an accurate picture of the cash leaving your bank.

“The statement of cash flows begins with your prior period ending cash balance.”

https://www.fsrmagazine.com/kitchen-sink/cash-king-restaurant-industry

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The International Franchise Association is in place to advertise exactly what dates there are for a variety of franchising — plus, they have events that people can go to in order to get better at franchising (and marketing themselves, and just about anything they might want – or need to do – while working in that industry). “International Franchise Association Announces Dates” details when those dates are, exactly, and just what people can expect to do at them.

International Franchise Association Announces Dates

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Raising money is sometimes hard, but one burger joint proved that you can bring people together to give a helping hand when there is a good cause at stake. Fighting childhood hunger is something that everyone can help, even in a small way. These six figures are sure to be put to good use. Read more in this article.

The Habit Burger Grill Raises $418,000 To Fight Childhood Hunger

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Making a living is extremely difficult for those who have chosen to go into the food service industry. Whether by choice or no other option, this country cannot deny the diversity issues have arisen and cannot be ignored. This article touches on what the statistics are of people working in the industry and what the next steps should be to remedy this.

Key Takeaways:

  • While restaurants make up the most diverse workforce in the nation, that diversity rarely reaches management and C-suite positions.
  • At the corporate level, minority representation is even sparser: Only 8 percent of corporate executives are minorities.
  • “No industry has more minority employee representation than us, and yet we can’t seem to develop them to the highest level,”

“While restaurants make up the most diverse workforce in the nation, that diversity rarely reaches management and C-suite positions.”

https://www.qsrmagazine.com/human-resources/how-fix-foodservice-s-diversity-gap

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