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
    • How to increase restaurant sales
  • Contact
    • Services
    • Subscribe
    • About
    • Sitemap
  • Toggle search form
  • National Restaurant Association Secures Major Wins for Restaurant Relief
    National Restaurant Association Secures Major Wins for Restaurant Relief News
  • Hammerstone's Upcoming Live Music Schedule
    Hammerstone’s Upcoming Live Music Schedule News
  • Panda Express - Celebrate Lunar New Year
    Panda Express – Celebrate Lunar New Year News
  • Dining on a Budget: Affordable Restaurants in St. Louis
    Dining on a Budget: Affordable Restaurants in St. Louis News
  • Candicci's Annual Customer Appreciation Party - Dec. 21st
    Candicci’s Annual Customer Appreciation Party – Dec. 21st News
  • Top-10 Italian Restaurants in Ballwin, MO
    Top-10 Italian Restaurants in Ballwin, MO Reviews
  • Top-10 Rated Cheap Eats in St. Louis, Missouri
    Top-10 Rated Cheap Eats in St. Louis, Missouri Reviews
  • Restaurant Brands International
    Restaurant Brands International – Second Quarter 2021 Results 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

  • Noodles & Company Launches Industry-First Cauliflower Gnocchi
    Noodles & Company Launches Industry-First Cauliflower Gnocchi News
  • Thai Kitchen - Wentzville adds a Sushi bar
    Thai Kitchen – Wentzville adds a Sushi bar News
  • Upcoming Marketing Opportunities for Restaurants Through May
    Upcoming Marketing Opportunities for Restaurants Through May News
  • Roman chefs reveal secrets to a mouth-watering carbonara
    Roman chefs reveal secrets to a mouth-watering carbonara News
  • Jafra Mediterranean Restaurant, St. Charles, MO
    Jafra Mediterranean Restaurant added to Restaurant Directory News
  • Annie Gunn's Restaurant - Chesterfield, MO
    Annie Gunn’s Restaurant Makes Substantial Expansion News

More Related Articles

McDonald's partners with the Biden Administration on COVID-19 vaccines McDonald’s partners with the Biden Administration on COVID-19 vaccines News
Candicci's Restaurant Releases Father's Day Specials Candicci’s Restaurant Releases Father’s Day Specials News
Tropical Smoothie Cafe to open in O'Fallon, MO Tropical Smoothie Cafe to open in O’Fallon, MO News

Video Gallery

Online Ordering – eOrderSTL

Online Restaurant Menu Distribution & Management

Featured Online Ordering

  1. Candicci’s Restaurant – Ballwin
  2. Dao Tien Bistro – St. Louis
  3. Pearl Cafe – Florissant
  4. Sweetie Cup Thai Cafe – Kirkwood
  5. Tradicional 314 – Creve Coeur
  6. Thai Kitchen – 4 Locations
  7. Viet Thai Restaurant – St. Peters

Information for Restaurants

eOrderSTL

Social Media & Syndication Partners

  • Google Business Page
  • Facebook
  • Twitter
  • Pinterest
  • YouTube
  • 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

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

  • Top-10 Irish Pubs in St. Louis, MO
    Top-10 Irish Pubs in St. Louis, MO Reviews
  • Top-10 Pizza Restaurants in St. Louis for November 2021
    Top-10 Pizza Restaurants in St. Louis for November 2021 Reviews
  • Gentelin's on Broadway, Alton, IL
    Gentelin’s on Broadway, Alton, IL Reviews
  • Top-10 Vegetarian-Friendly Restaurants in St. Louis
    Top-10 Vegetarian-Friendly Restaurants – St. Louis Reviews
  • Top-10 Restaurants for dinner in St. Louis - August 2021
    Top-10 Restaurants for dinner in St. Louis – August 2021 Reviews
  • Thai Kitchen Founder, Andie
    Featured Restaurant Owner – Thai Kitchen Founder, Andie Reviews
  • Top-10 Restaurants in Creve Coeur, MO Offering Takeout
    Top-10 Restaurants in Creve Coeur, MO Offering Takeout Reviews
  • Talayna's Italian Restaurant
    Talayna’s Italian Restaurant Reviews

Contact

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

Phone: +1 417-529-1133
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