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
Lightspeed
Lightspeed is a cloud-based commerce platform powering small and medium-sized businesses in over 100 countries around the world. With smart, scalable and dependable point of sale systems, it's an all-in-one solution that helps restaurants and retailers sell across channels, manage operations, engage with consumers, accept payments and grow their business.
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Lightspeed is a cloud-based commerce platform powering small and medium-sized businesses in over 100 countries around the world. With smart, scalable and dependable point of sale systems, it's an all-in-one solution that helps restaurants and retailers sell across channels, manage operations, engage with consumers, accept payments and grow their business. Headquartered in Montréal, Canada, Lightspeed is trusted by favorite local businesses, where the community goes to shop and dine. Lightspeed has offices in Canada, USA, Europe and Australia.
It’s time to come together. After countless hours spent behind our screens, Lightspeed is championing us to come up for some air—reach...
- by Lightspeed
If you’ve recently opened a fast food restaurant or are considering expanding your current business, mastering the critical skills...
- by Lightspeed
Everyone’s a critic. This adage is especially resonant today as smartphones give diners the ability to publish their thoughts about...
- by Lightspeed
What’s the secret to a kitchen that works efficiently and produces consistent dishes? Military-like teamwork. The French, who pioneered...
- by Lightspeed
Running an online clothing boutique is a great compliment to brick-and-mortar operations. It extends your reach to potential customers...
- by Lightspeed
The restaurant industry is not for the faint of heart. While passion is the spark that inspires restaurateurs to pursue their dreams,...
- by Lightspeed
Before you open up for the day and after the last group of customers leaves, there are two very important things that happen: getting...
- by Lightspeed
Shoplifting, theft and fraud are big problems for retailers. To give you some perspective, the National Retail Federation found that...
- by Lightspeed
It’s your Jeopardy Daily Double! (Ready? ){read in Alex Trebek’s voice} What emerging technology was once described by Stephen...
- by Lightspeed
As the holiday season approaches, you’re probably staffing up, stocking up and preparing for promotions. During this busy time, you...
- by Lightspeed
Inventory control: That is, knowing exactly what products you have on the sales floor and in your stockroom (and how many you have)...
- by Lightspeed
Every successful restaurant needs a top-notch front of house restaurant staff to ensure that everything is running smoothly and guests...
- by Lightspeed
Inventory shrinkage is the bane of retailers everywhere. Even a moderate amount of shrinkage can have a big impact on your business,...
- by Lightspeed
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...
- by Lightspeed
Pricing strategy is a big piece of the puzzle for retail businesses. Part marketing, part psychology, and part guesswork, pricing a...
- by Lightspeed
Staying relevant, active and keeping up with the latest trends is essential in surviving the ever-changing hospitality industry in...
- by Lightspeed
Opening a coffee shop isn’t easy, but a detailed coffee shop equipment list can set you up for success. According to a July 2020...
- by Lightspeed
What makes one restaurant consistently busy while the competition struggles to fill the dining room? Tracking profits and losses is...
- by Lightspeed
Few customers probably give a second thought to a restaurant’s floor plan, but the configuration of seating, bar and kitchen areas...
- by Lightspeed
See that wine glass? Perfectly poured, right up to that almost undetectable horizontal line. We are choosing to see that wine glass...
- by Lightspeed
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