Skip to content
  • Order Now
  • Subscribe
  • Restaurant Directory
  • News
  • Videos
St. Louis Restaurant Review

St. Louis Restaurant Review

St Louis Restaurant Reviews & News

  • Home
  • Order Online
  • News
  • Directory
    • Brewery Guide
    • Music Venues
    • Missouri Wineries
  • Media
    • Picture Gallery
    • Videos
    • Submit/Create Video
  • eOrderSTL
    • eOrderSTL Application
    • How to increase restaurant sales
  • Contact
    • Services
    • Subscribe
    • About
    • Sitemap
  • Toggle search form
  • Dunkin' Joy in Childhood Foundation - Fight Hunger
    Dunkin’ Joy in Childhood Foundation – Fight Hunger News
  • Top 10 Local Restaurant with Local Cuisines in St. Louis, Missouri
    Top 10 Local Restaurant with Local Cuisines in St. Louis, Missouri News
  • Subway - Giving Away One Million Sandwiches - July 13
    Subway – Giving Away One Million Sandwiches – July 13 News
  • Thai Kitchen Founder, Andie
    Featured Restaurant Owner – Thai Kitchen Founder, Andie Reviews
  • Panera Bread - New Bakery-Cafe Design
    Panera Bread – New Bakery-Cafe Design News
  • Wingstop Inc. Releases Preliminary Fiscal First Quarter 2021 Results
    Wingstop Inc. Releases Preliminary Fiscal First Quarter 2021 Results News
  • McDonald's Names Desiree Ralls-Morrison as General Counsel
    McDonald’s Names Desiree Ralls-Morrison as General Counsel News
  • St Louis City and County Restaurants Reopen with News Restrictions
    St Louis City and County Restaurants Reopen with News Restrictions News
Attention Restaurant Owners - Inflation Warning

Attention Restaurant Owners – Inflation Warning

Posted on June 15, 2021 By Editor

ST LOUIS, MO (StLouisRestaurantReview) Restaurant owners have voiced concerns over the increase in food cost.  Watch the news.  For months the media and politicians have warned about fears of inflation caused by the influx of federal funds into our economic system.  It was wonderful that consumers supported the federal government, but the support has exceeded the limited necessary to survive.  The excess funds are creating inflation.

The inflationary period will likely be here for several months, maybe a few years, as asset prices will be readjusted.  Wages will increase.  That is great, but rising wages cause greater demand for products and services, resulting in inflation.  Food costs are escalating at rapid rates.

Restaurants have been challenged over this past year by a lack of sales.  Now, the sales are returning, but inflation will break as many restaurant owners as the lockdown. So restaurant owners need to know their numbers.

Our advice is:

  1. If you don’t have an accounting process and procedures in place, get them fast to know your numbers.
  2. If you do have accounting procedures in place; study those numbers
  3. If your accounting is lagging in days or weeks before you get your numbers, revise the process to have up-to-date financial results
  4. Adjust your menu prices frequently or adjust your portions
  5. Do not include free items with meals, like salads – everything needs to be priced to track numbers accurately
  6. We highly recommend the QuickBooks Cloud version to integrate with your bank account for real-time updates
  7. If you don’t have staff to manage your accounting, get an independent person to help that uses QuickBooks
  8. Don’t be afraid to adjust your prices – focus  on quality cuisines, service, marketing on online-sales

Consumers are used to increasing prices.  If they are not, they will soon adjust.  Yes, you might lose a few customers, but you can’t afford to lose your establishment in fear of not pleasing one person. Instead, expand your marketing to attract a new type of customer base.  Online sales are a great tool that is solely responsible for many establishments surviving the pandemic.  Digital marketing is the best value to the expense.

Over 90,000 restaurants have permanently closed.  That number will increase.  Inflationary times on the back of multi-month lockdown have created the largest challenge to the restaurant industry in history.  Prepare for battle.  Be prepared—no room for errors at this point.  If you have survived this long, you are doing something correctly.  However, many restaurants would have already closed had they not had access to the PPP funds.  Changes are that those opportunities will not be available.  You can’t expect those funds to save your business this time.

Now, it is down to business.  You have to do business correct this time, or you will soon be added to the 90,000+ restaurants that have closed permanently.

If you have questions, please email Marty@STLMedia.Agency.

News Tags:restaurant owner tips

Post navigation

Previous Post: Restaurant Revitalization Fund Replenishment Act of 2021
Next Post: Wendy’s – Partnership With Adult Swim On Hit Series Rick And Morty

Related Posts

  • Freddy's Frozen Custard - New Prototype Amid Franchise Development
    Freddy’s Frozen Custard – New Prototype Amid Franchise Development News
  • Red Robin Brings the Heat this Summer with New Limited-Time Offerings
    Red Robin Brings the Heat this Summer with New Limited-Time Offerings News
  • St. Louis Restaurant Review adds listings to directory
    St. Louis Restaurant Review adds listings to directory News
  • McDonald's Reports Fourth Quarter And Full Year 2020 Results
    McDonald’s Reports Fourth Quarter And Full Year 2020 Results News
  • Noodles & Company Unveils Multi-Unit Franchise Growth Initiative
    Noodles & Company Unveils Multi-Unit Franchise Growth Initiative News
  • Upcoming Marketing Opportunities for Restaurants Through May
    Upcoming Marketing Opportunities for Restaurants Through May News

More Related Articles

La Bonne Bouchee Patisserie & Cafe Added to Directory La Bonne Bouchee Patisserie & Cafe Added to Directory News
How Can a College Student Open His Own Restaurant in St. Louis How Can a College Student Open His Own Restaurant in St. Louis News
Candicci's Restaurant - Live Music - June 2022 Candicci’s Restaurant – Live Music – June 2022 News

Video Gallery

Online Ordering – eOrderSTL

Online Restaurant Menu Distribution & Management

Featured Online Ordering

  1. Thai Kitchen – 4 Locations
  2. Candicci’s Restaurant – Ballwin
  3. Tradicional 314 – Creve Coeur

Information for Restaurants

eOrderSTL

Social Media & Syndication Partners

  • Google Business Page
  • Facebook
  • Twitter
  • Pinterest
  • YouTube
  • FeedPublish
  • Blogarma
  • Flipboard

St. Louis Caterers

STL.Catering - Online Ordering for Catering
Find the best caterers in the St. Louis region.

Restaurant Digital Services

Restaurant Marketing Services

Restaurant Directory

St Louis Restaurant Review

St. Louis County Restaurant Health Inspections

St. Louis County Restaurant Health Inspections
St. Louis County Restaurant Health Inspections

Relevant Links

  1. St. Louis City Restaurant Inspections
  2. St. Louis County Restaurant Inspections
  3. St. Charles County Restaurant Inspections
  4. How to increase restaurant sales
  5. Submit Guest Post
  6. National Restaurant Association
  7. Missouri Restaurant Association

Categories

  • Entertainment
  • Guest Posts
  • News
  • Press Releases
  • Reviews
  • Uncategorized

Contact

STL.News, LLC
17005 Manchester Rd
Wildwood, Missouri 63040

Marty Smith – Editor in Chief
Email: Marty@STLMedia.Agency
Phone: +1 314-808-1870

Kevin Amant – Business Manager
Email: KAmant187@gmail.com
Phone: +1 314-803-8727

  • Urban Chestnut Brewery
    Urban Chestnut Brewing Company Reviews
  • Top-10 BBQ Restaurants in St. Louis - August 2021
    Top-10 BBQ Restaurants in St. Louis – August 2021 Reviews
  • Top-10 Irish Pubs in St. Louis, Missouri
    Top-10 Irish Pubs in St. Louis, Missouri Reviews
  • Top-10 Rated Cheap Eats in St. Louis, Missouri
    Top-10 Rated Cheap Eats in St. Louis, Missouri Reviews
  • Pizza World in Shrewsbury, Missouri
    Pizza World in Shrewsbury is highly rated by customers and hiring Reviews
  • Restaurant Review for Zushi Sushi and Ramen
    Restaurant Review for Zushi Sushi and Ramen Reviews
  • Top-10 Best Mexican Restaurants in St. Louis
    Top-10 Best Mexican Restaurants in St. Louis Reviews
  • Top-10 Vegetarian-Friendly Restaurants in St. Louis
    Top-10 Vegetarian-Friendly Restaurants – St. Louis Reviews

Contact

St. Louis Restaurant Review
17005 Manchester Rd
Wildwood, MO 63040

Phone: +1 314-808-1870
Email: Marty@STLMedia.Agency

Partners

  • STL.News
  • STL.Directory
  • WebTech Group
  • UltimateHost.Domains

Online Ordering

  • Place Orders
  • Offer Online Ordering at Your Restaurant
  • Other Restaurant Services
  • Contact Us

Copyright © 2021 STL.News, LLC d.b.a. St. Louis Restaurant Review -

Powered by PressBook Premium theme