For restaurants, Cost of Goods Sold (COGS) is one of the most important things to understand. Put simply, it’s how much it costs...
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About the Author
Sebastien Rankin
Sebastien Rankin is the Content Marketing Lead and Editor at Lightspeed. He produces content that helps retailers and restaurateurs increase sales, navigate operational challenges and improve their customer service. Connect with him on LinkedIn.
More from this author
Sebastien Rankin is the Content Marketing Lead and Editor at Lightspeed. He produces content that helps retailers and restaurateurs increase sales, navigate operational challenges and improve their customer service. Connect with him on LinkedIn.
The restaurant industry is not for the faint of heart. While passion is the spark that inspires restaurateurs to pursue their dreams,...
Inventory control: That is, knowing exactly what products you have on the sales floor and in your stockroom (and how many you have)...
A restaurant’s menu is one of it’s most important sales tools even if it’s oftentimes only quickly glanced at. A Gallup poll...
Leasing, renting or buying a restaurant space without a plan is liking walking into a Walmart without a shopping list. You go in for...
While having a passion for food and hospitality is an important part of running a restaurant, you need a lot more than just passion...
The kitchen is the heart of the restaurant. What comes out of it (and how quickly it comes out) makes or breaks the dining experience...
Forecasting demand is essential for retailers to accurately predict how much of a product they should purchase. The inventory a retailer...
Many chefs dream of earning a Michelin star or winning an award from Wine Spectator or the James Beard Foundation. These coveted accolades...
How you price dishes on your restaurant’s menu can make or break your business. Price a dish too high, and customers won’t order...
If you’ve ever visited a retail store and looked at a product’s price tag, you’ve likely come across a stock keeping unit, commonly...
Your profit margin is a metric that should always be on your radar, and for good reason: it answers critical questions about your business,...
While more and more consumers are turning to online shopping for its convenience, retail spaces are still accountable for the majority...
2018 was a banner year for restaurants in the US. Restaurant sales grew from $825 billion in 2018 to $863 billion in 2019. That growth...
According to a survey from Restaurant Owner, restaurant startup costs can range anywhere between $175,500 and $750,500. That’s a...
When Marc Cohen, Sefi Amir, Annika Krausz and Ethan Wills opened Lawrence in 2010, their goal was to offer thoughtfully-crafted, honest...
When Jesse Mulder started Thai delivery service Chak Wow in 2012, he had aspirations of introducing Montrealers to the tastes he discovered...
When Luca Cianciulli and partner Maxime Landry, both former kitchen staff at the famed Montreal restaurant Toqué, opened Moccione...
On April 21, 2020, Google announced its plans to make it free for merchants to sell on Google. Starting early May, search results on...
For retailers, doing a physical inventory count is something that often gets put off. Why? Because counting all of the merchandise...
When’s the last time you bought something based on recommendations from friends and family? Data suggests that it happens often and...
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