Restaurant managers have to take the time to deal with staffing and scheduling, managing inventory, ordering and receiving orders, talking with customers, and handling many other issues throughout the day. By learning and executing efficient time management, managers can ensure that everything is taken care of while avoiding burnout. Time management can help managers identify areas where processes can be improved or streamlined, thus helping the business manage its costs.
Managers also have to watch the financial side of the business, looking out for the costs of food and other supplies, labor, and items like advertising, insurance, and other business matters. Cost management not only ensures that the business has money for the things it needs at the present, but also for future costs like expansion and remodeling.