A Restaurant Owner Intervention

Let’s talk about why being the best at everything could be your downfall and how you could be enabling everyone on your team to not succeed. In this episode of The Restaurant Prosperity Formula Podcast, I talk about my own enabling behaviors in the workplace that I eventually turned around to make me a more successful manager and a less stressed one. Click below to listen to the podcast episode.

 

Being an enabler in the restaurant business is you providing your employees and...

Continue Reading...

Why Most Restaurant Operators Never Create a Budget

I've been preaching the importance of having a restaurant budget since becoming a restaurant coach in 2003. In fact, I can tell you, if you don’t want to depend on dumb luck, your budget is critical to your restaurant’s success. So why don’t more restaurant operators have and use a budget? What does the thought of creating a restaurant budget make your skin crawl? Let me shed some light on the dreaded restaurant budget using six common excuses why independent operators...

Continue Reading...

Restaurant Budget: How to Build Your Plan to Profitability and Freedom

restaurant budget Apr 27, 2021

Have you ever found yourself going to last page of your profit loss statement just to see if you made or lost money? Have you ever been disappointed at the final number and just said your favorite F word and then throwing it on your desk? And that's about all you do with the profit and loss statement, right? If you want to understand a restaurant budget and how to build your plan to profitability and freedom, don't go anywhere. Watch this tip or keep scrolling to read why that profit and loss...

Continue Reading...

Restaurant Owner Secret to Success Is to Find Someone Who Gets Stuff Done

The secret to being a successful restaurant owner. The answer? Find someone who gets stuff done. As an owner, you can’t do it all yourself. It’s just impossible. Plus, it’s not your job to do everything in the restaurant. Your job is to lead and take on more strategic activities such as marketing and development of growth paths. To do this successfully, you must identify or hire someone on your team who can be relied upon to get you up and running with systems and get things...

Continue Reading...

Restaurant Accounting Chart of Accounts

Have you ever looked at your profit and loss statement and wondered what goes into the line items? Have you ever asked yourself what expense goes into that line item and decided not to call your accountant because you're fearful of getting charged more? Is your profit and loss statement something you use to pay your taxes instead of as a critical tool for measuring your restaurant success? Let’s look at how restaurant accounting chart of accounts can change how you look at your profit...

Continue Reading...

Restaurant Budgeting 101

Restaurant budgeting 101 is a great place to start when it comes to trying to figure out your restaurant’s numbers. I’ve never wavered that the two most important systems any restaurant should have are budgets and recipe costing cards. Why? Because they're critical to your success. Let’s leave recipe costing cards on the table for now and focus on restaurant budgeting. Click the video below or keep scrolling for restaurant budgeting 101.

Let me start off by explaining the...

Continue Reading...

Restaurant Labor Cost 101

Restaurant labor cost 101 is a plan for any restaurant owner who wants to solve the end-of-the-week panic when you check your labor cost on your POS system and see that it’s too high, so you whip yourself into a panic and start cutting staff on your two busiest days. The problem with this reactive approach is you’re setting yourself up for long ticket times and bad service, two of any restaurant’s biggest fears. To avoid this or stop this result, click below to watch the...

Continue Reading...

Restaurant Managers Must Learn Three Essential Lessons to be Empowered

Let’s talk about how to get the most out of your management team instead of enabling them to do the minimum. In this episode of my podcast, The Restaurant Prosperity Formula, I want to share with you the three lessons you must teach your managers and supervisors that empower them to do their job.

If you're tired of doing everything yourself, you're tired of the excuses and you want things to change, definitely tune into this episode. As a bonus, I'm going to share with you how to...

Continue Reading...

Food Cost Formula to Find Target for Independent Restaurants

food cost prime cost Mar 30, 2021

What if I told you you were asking the wrong question when you're searching for the food cost formula to find your target for your independent restaurant? If you want to know where your food cost should be to make money, I want to teach you the right question to ask and the best way to answer it.

When it comes to finding the right food cost formula to find your restaurant’s target food cost, I bet you've watched a number of videos as you’ve searched. I’m willing to bet some...

Continue Reading...

Restaurant Startup Mistakes I See Most Often in Independents

I know a thing or two about restaurant startup mistakes and what I see most often in independents. If you're wondering if you made them when getting your restaurant open or if you’re looking to open your first restaurant and want to avoid them, this tip is for you.

Owning and running a restaurant is not for the faint of heart. It's really hard work. You put a lot of hours in and the profit margin, well, it's slim to none if you're not careful, especially when you start out.

What...

Continue Reading...
1 2 3 4 5 6 7 8 9 10 11 12
Close

50% Complete

Coaching Notification

Enter your name and email address below and we'll notify you when the coaching program is open. Thank you for opting in, we look forward to communicating with you soon.