It’s time to
quit doing what you have always done and look at things a little differently.
Employees are hard to find. If you do
not have enough employees many restaurants either reduce hours of operation or
are closing one or two days a week. That’s does not work in the old business model
nor does it work long term in many new business models according to Steven
Johnson Grocerant Guru® at Tacoma,
WA based Foodservice Solutions®.
If you have not heard of Bite Ninja, a tech company making remote work
possible for the restaurant industry its time you did. Bite Ninja recently announced that it has
closed a $11.3 million bridge funding round, bringing the company’s total
raised to date to $15.4 million. This round of financing will further enable
the development of the company's proprietary and award-winning remote staffing
technology and deploy additional resources to support Bite Ninja’s growing sales and marketing
efforts targeting the entire quick-service sector.
Key investors in this most recent funding
round include Manta Ray Ventures, Owl Ventures, Agfunder, Pioneer Fund and TRAC
Unicorn fund. The latest bridge round will help elevate Bite Ninja's unique
tech platform, bringing further momentum to the already rapid growth the
company has experienced over the past year. Bite Ninja is currently signed with
five of the top 20 quick-service chains in the country with several more
expected to join by the end of Q4. Most recently, Bite Ninja successfully
launched its front counter customer-facing platform, providing restaurant
operators with an additional solution to their existing drive-thru services, as
well as their command center solution for enterprise-level labor performance
management and deployment.
Regular readers of this blog know that new
research says delinquencies across all small businesses are at an 18-month high
because of deteriorating business conditions and landlords raising their fees.
“About 46% of restaurants lacked the
funds to pay their August rents, an 8-point jump in delinquencies from two
months earlier, according to the latest survey of small businesses by Alignable Research
Center.
If you own a chain restaurant or any
restaurant you cannot keep doing what you have always done you must try and
find a new normal, according to Johnson.
Paying rent comes before profits and if you can’t pay the rent, you cannot
pay yourself. Stop doing what you have always done. Try looking forward rather than backward.
Foodservice Solutions® team is here to help you drive top line sales and bottom-line profits. Are you looking a customer ahead? Does your messaging look more like yesterday that tomorrow? Visit GrocerantGuru.com for more information or contact: Steve@FoodserviceSolutions.us Remember success does leave clues and we just may the clue you need to propel your continued success.
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