Diversifying the F&B revenue stream

Diversifying the F&B revenue stream

A successful business model is dependent on its ability to generate revenues from different streams throughout the various stages of its journey. While this definition applies to most businesses, the F&B industry appears to be trapped in the sales of food and beverage items, mostly to a limited target clientele. Manal Syriani, managing director, WAY Consultants, gives us a few options for diversifying along the way

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5 ways to establish a successful F&B business

5 ways to establish a successful F&B business

The regional F&B industry is evolving at a fast pace amid fierce competition and rising customer demand for innovation. Given the current climate, building a successful business is becoming more of an art than a science. Manal Syriani, managing director, WAY Consultants, explains

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Hiring attitude

Hiring attitude

It’s a fact that over the last 10 years, 20 percent of all new jobs created around the world have been based in hospitality and tourism, which prompts the question, how can you successfully hire the right person for the role? Manal Syriani, managing director of Way Consultants, tells us how

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Selecting a POS system for your restaurant

Selecting a POS system for your restaurant

Choosing an operating system for your business can be a daunting prospect. Finding the perfect match for your specific requirements and plans for future development often takes a great deal of time and effort. An operating system should provide accurate and targeted output, allowing your business performance to be tracked and action to be taken when necessary, but also be sufficiently user-friendly for the entire team to operate efficiently. Manal Syriani tells us more

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Accessible hospitality: Untapped potential

Accessible hospitality: Untapped potential

With the threat to the hospitality industry from alternative economies ever increasing, the time has come to redirect our attention ‘inside the box’, by expanding the concept of service. ‘Accessible Hospitality’ is one such area offering untapped opportunities. Hospitality guru, Manal Syriani, tells us more

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Alternative measures of ROI

Alternative measures of ROI

In essence, the return on investment (ROI) measures the return that a new venture promises to generate, based on the investment made. Very often, investing in an F&B concept involves more than just channeling financial capital into the project, with other requirements likely to include the mobilization of countless resources due to the details involved in planning and execution. Manal Syriani, senior consultant at N4TC, takes us through four alternatives to the traditional model

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The Sandwich Business Structure

The Sandwich Business Structure

Everyone loves a good sandwich, from the mix of ingredients and sauces to the outer layers. Well made, a sandwich is both filling and fulfilling. However, have you also considered how a restaurant operation could resemble a sandwich in structure? Manal Syriani, senior consultant at N4TC, whets our appetite with more

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The family business: Relative values

The family business: Relative values

The family business is a common module for locally grown concepts in the hospitality industry. With successful family businesses expanding and evolving into established companies, we are witnessing the integration of their mentality into the corporate business structure. Manal Syriani, senior consultant at N4TC explains

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